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Business Wire
07-05-2025
- Automotive
- Business Wire
AEye and LITEON Confirm Production of First Apollo Units from New Manufacturing Line
PLEASANTON, Calif.--(BUSINESS WIRE)--AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced it has successfully produced the first Apollo lidar sensors from the LITEON manufacturing line in Taipei, Taiwan. This achievement is a key milestone as AEye positions Apollo for high-volume production. Designed to detect objects at highway speeds at an exceptional one-kilometer range, Apollo is redefining the standards of automotive safety and performance of autonomous mobility. AEye CEO Matt Fisch said, 'We recently announced that we were working with our automotive Tier 1 manufacturing partner, LITEON, to ramp up the Apollo production line. Today, I am pleased to share that the line is now operational with the first customer-ready units completed. Automotive OEMs demand the highest-level product quality and consistency that can only be delivered at scale by seasoned automotive suppliers. Thanks to our partnership with LITEON, we are able to deliver Apollo sensors to OEMs with the utmost confidence.' LITEON has effectively utilized its advanced industrialization capabilities to show it can deliver Apollo lidar units at scale. Designed to complement AEye's capital-light business model, LITEON's delivery of Apollo units represents a significant achievement in the companies' collaboration. This partnership underscores the strengths of both companies in producing innovative and high-quality products. Both LITEON and AEye look forward to continuing their collaboration to bring next-generation lidar solutions to the market. About Apollo Apollo is the first product in AEye's 4Sight™ Flex next-generation family of lidar sensors and delivers best-in-class range and resolution in a small, power-efficient, low-cost form factor. Apollo supports options for integration behind the windshield, on the roof, or in the grille, which enables OEMs to implement critical safety features with minimal impact to vehicle design. Apollo is believed to be the only 1550 nm high-performance lidar capable of behind the windshield integration and capable of detecting vehicles and other objects at distances beyond one kilometer. About AEye AEye's unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility. AEye's 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye's 4Sight™ products, built on this platform, are ideal for dynamic applications which require precise measurement imaging to ensure safety and performance. About LITEON LITEON Technology Corporation ( was established in 1975. As a pioneer of LED in Taiwan, it is the first electronics company listed on TAIEX. Over the past 50 years, LITEON has secured a strong position in the global market with its leading opto-electronic and power management technology. As it successfully ventures into power supply for computing, optoelectronics, auto electronics, 5G, and AIoT in recent years, LITEON aspires to power its mid and long-term development with green data center, clean mobility, and efficient infrastructure as its growth engines. Given the environmental and climate change worldwide, LITEON started to follow relevant global initiatives 20 years ago to develop next-generation products that meet sustainability requirements in collaboration with the suppliers, fulfilling its social responsibilities with concrete actions. Forward-Looking Statements Certain statements included in this press release that are not historical facts are forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as 'believe,' 'continue,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'predict,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'potential,' 'seem,' 'seek,' 'outlook,' and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking statements in this press release include, without limitation, statements about the ability to produce the Apollo product in high volume or at scale, the requirements of automotive OEMs to utilize seasoned automotive suppliers, the continuing collaboration between AEye and LITEON, among others. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the control of AEye. Many factors could cause actual future events to differ from the forward-looking statements in this press release, including but not limited to: (i) the risks that high-volume or at scale production for Apollo may not occur in the time frame anticipated, or at all; (ii) the risks that Apollo may be unable to detect objects at a one-kilometer range in all conditions and circumstances to the extent anticipated; (iii) the risks that automotive OEMs may accept products not delivered by seasoned automotive suppliers, or that AEye's competitors begin to effectively utilize seasoned automotive suppliers; (iv) the risks that the collaboration between AEye and LITEON may not continue to the extent or for the time frame anticipated; (v) the risks that lidar adoption may occur slower than anticipated or fail to occur at all; (vi) the risks that AEye's products may not meet the diverse range of performance and functional requirements of target markets and customers; (vii) the risks that AEye's products may not function as anticipated by AEye, or by target markets and customers; (viii) the risks that AEye may not be in a position to adequately or timely address either the near or long-term opportunities that may or may not exist in the evolving autonomous transportation industry; (ix) the risks that laws and regulations are adopted impacting the use of lidar that AEye is unable to comply with, in whole or in part; (x) the risks associated with changes in competitive and regulated industries in which AEye operates, variations in operating performance across competitors, and changes in laws and regulations affecting AEye's business; (xi) the risks that AEye is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities; and (xii) the risks of economic downturns and a changing regulatory landscape in the highly competitive and evolving industry in which AEye operates. These risks and uncertainties may be amplified by current or future global conflicts and current and potential trade restrictions, trade tensions, and tariffs, all of which continue to cause economic uncertainty. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the periodic report that AEye has most recently filed with the U.S. Securities and Exchange Commission, or the SEC, and other documents filed by us or that will be filed by us from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Investors are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. AEye gives no assurance that AEye will achieve any of its expectations.
Business Wire
01-05-2025
- Business
- Business Wire
AEye Appoints Doron Simon to its Board of Directors
PLEASANTON, Calif.--(BUSINESS WIRE)--AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, announced it has appointed Doron Simon to its Board of Directors effective April 29, 2025. Mr. Simon's appointment is the result of the Company's commitment to the thoughtful and continuous refreshment of its Board to best meet the evolving needs of AEye. Mr. Simon, age 59, brings deep experience in strategic consulting and M&A advisory services as the Founder of DSimonSays Inc., Managing Director at Stanton Park Capital, and a Partner at Transformation Equity Partners. His advisory work focuses on scaling technology firms to profitability through organic and non-organic growth. Prior to being an advisor, Mr. Simon held several executive roles, in publicly traded companies, focused on strategy and M&A in automotive, software, and hardware technology firms including Otonomo Technologies (Nasdaq: OTMO; acquired by Inc. (Nasdaq: ULY)), NICE Systems Ltd. (Nasdaq: NICE), and Tower Semiconductor Ltd. (Nasdaq: TSEM). Mr. Simon's expertise in business and product strategy, sales and go-to-market planning, and business growth and development, as well as his experience in the lidar industry, are invaluable to facilitate AEye's growth and the Board's oversight of the Company's long-term value creation, strategy, and business plan. 'We are thrilled to welcome Doron to our Board and look forward to his leadership and oversight over the new phase of AEye's growth,' said Matt Fisch, CEO and Chairman of AEye. 'Doron's extensive strategic experience in automotive data and high-tech industries, as well as his business development and go-to-market expertise will be critical assets to our Board,' said Tim Dunn, Lead Independent Director of the Board. Mr. Simon received his Master of Business Administration degree from Heriot-Watt Business School in 2002 and his Bachelor of Science in Industrial Engineering from The Technion – Israel Institute of Technology in 1991. About AEye, Inc. AEye's unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility. AEye's 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye's 4Sight™ products, built on this platform, are ideal for dynamic applications which require precise measurement imaging to ensure safety and performance. Forward-Looking Statements Certain statements included in this press release that are not historical facts are forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as 'believe,' 'continue,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'predict,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'potential,' 'seem,' 'seek,' 'outlook,' and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward looking statements in this press release include, without limitation, statements about the expectations regarding the addition of Mr. Simon to the Board, AEye's products, and AEye's ability to execute and progress its business plans, among others. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the control of AEye. Many factors could cause actual future events to differ from the forward-looking statements in this press release, including but not limited to, (i) the risk that Mr. Simon's leadership and experience may not be as instrumental in guiding the Company to its business goals and plans; (ii) the risks that market or industry conditions may create delays in the demand for commercial lidar products beyond AEye's expectations, if at all; (iii) the risks that lidar adoption occurs slower than anticipated or fails to occur at all; (iv) the risks that AEye may not be in a position to adequately or timely address either the near or long-term opportunities that may or may not exist in the evolving autonomous transportation industry; (v) the risks that laws and regulations are adopted impacting the use of lidar that AEye is unable to comply with, in whole or in part; (vi) the risks associated with changes in competitive and regulated industries in which AEye operates, variations in operating performance across competitors, and changes in laws and regulations affecting AEye's business; (vii) the risks that AEye is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities; and (viii) the risks of economic downturns and a changing regulatory landscape in the highly competitive and evolving industry in which AEye operates. These risks and uncertainties may be amplified by current or future global conflicts and current and potential trade restrictions and trade tensions, both of which continue to cause economic uncertainty. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the periodic report that AEye has most recently filed with the U.S. Securities and Exchange Commission, or the SEC, and other documents filed by us or that will be filed by us from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Investors are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. AEye gives no assurance that AEye will achieve any of its expectations.
Yahoo
25-03-2025
- Automotive
- Yahoo
AEye to Participate in Bank of America's 2025 Global Automotive Summit
PLEASANTON, Calif., March 25, 2025--(BUSINESS WIRE)--AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that its executive management team, CEO Matt Fisch and CFO Conor Tierney, will participate in the following conference: Bank of America's 2025 Global Automotive SummitLocation: New York, NYDate: April 16, 2025Format: One-on-one and small group meetings If you plan to attend this conference and wish to meet with AEye, please contact aeye@ The latest investor materials are available under the Investor Relations section of AEye's website at About AEye AEye's unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility. AEye's 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye's 4Sight™ products, built on this platform, are ideal for dynamic applications which require precise measurement imaging to ensure safety and performance. View source version on Contacts Investor Relations Contacts Agency Contact Financial Profiles, Niu, CFAeniu@ 310-622-8243 Company Contact AEye, Inc. Investor Relationsinfo@ 925-400-4366 Sign in to access your portfolio
Yahoo
31-01-2025
- Business
- Yahoo
AEye to Participate in A.G.P.'s Virtual Technology Conference
PLEASANTON, Calif., January 31, 2025--(BUSINESS WIRE)--AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that CFO Conor Tierney will participate in the following conference: Alliance Global Partners (A.G.P.) Virtual Technology Conference – February 12, 2025Format: One-on-one meetingsDate: February 12, 2025 If you plan to attend this virtual conference or wish to meet with AEye, please contact aeye@ Additional information will be available under the Investor Relations section of AEye's website at About AEye AEye's unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility. AEye's 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye's 4Sight™ products, built on this platform, are ideal for dynamic applications which require precise measurement imaging to ensure safety and performance. View source version on Contacts Investor Relations Contacts Agency Contact Financial Profiles, Niu, CFAeniu@ 310-622-8243 Company Contact AEye, Inc. Investor Relationsinfo@ 925-400-4366 Sign in to access your portfolio
