AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that it has received the coveted Reuters Automotive DRIVE Honours Award, an annual award for automotive excellence. AEye’s 4Sight™ Intelligent Sensing Platform received the Innovation prize, given to 5 companies that have developed an innovative product offering that is accelerating the automotive industry. AEye is joined in the award by Hyundai, Nio, Lucid, and Polestar.
The competitive process looked at innovation in technology, supply chain, and partnerships, and elicited hundreds of entries from across the globe. The judging panel – made up of automotive specialists – awarded AEye high points across all key areas, including vision, impact, and scalability.
According to the judges, “AEye’s 4Sight Intelligent Sensing Platform is a critical enabling technology for the next generation of vehicles. Their platform and technology is high-performing, scalable, and flexible. Based on the broad and superior performance, this seems to be well aligned with the needs of the industry today and for the next several years.”
AEye’s 4Sight Intelligent Sensing Platform employs a software-definable lidar with adaptable and updateable software to enhance advanced driver assistance systems (ADAS) capabilities, enabling next gen safety features and software revenue opportunities. The 4Sight reference designs are differentiated technically by their range, resolution, reliability, and reconfigurability, and are licensed to global Tier 1 automotive suppliers for high volume manufacturing. The business model is designed to enable AEye to focus on developing industry-leading technology and designing modular reference designs built on a software-definable platform, while AEye’s Tier 1 automotive partners configure, industrialize, and manufacture those products to meet each OEM’s specific requirements.
“We’re honored to be recognized by Reuters Automotive and its distinguished panel of judges as an industry leader driving automotive innovation,” said Matt Fisch, CEO of AEye. “The movement toward electrification, autonomy, and service-based business models dramatically increases the industry’s reliance on software architectures to deliver on the promise of enhanced safety features and functionality, as well as new revenue streams. It also requires sensing solutions that are flexible enough to learn over time. AEye’s 4Sight Intelligent Sensing Platform reduces time-to-market for new features and allows OEMs to continuously improve upon or introduce features and functionality across all vehicle models through software upgrades, allowing them to deliver a future-proofed ADAS roadmap.”
For the complete article on automotive excellence award CLICK HERE.
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