Latest news with #FMCW
Yahoo
28-05-2025
- Business
- Yahoo
AEVA vs. LAZR: Which LiDAR Stock Is the Better Bet Now?
Aeva Technologies AEVA and Luminar Technologies LAZR are two front-runners in the evolving LiDAR space, each aiming to capitalize on the demand for sensing systems in autonomous vehicles, industrial automation and advanced driver assistance systems (ADAS). Both companies have recently made strategic pivots and technological advances, drawing attention from investors looking to ride the next wave of transportation (Light Detection and Ranging) is a remote sensing method that uses light in the form of a pulsed laser and continuously scans the environment in front of a vehicle. It enables an accurate and high-precision estimate of the shape and size of objects in three-dimensional understanding of the surroundings. It is gaining popularity as a crucial technology for the safe and efficient operation of autonomous both firms operating in the same LiDAR vertical, their paths diverge in key areas such as commercialization timelines, customer wins, financial discipline, and capital market strategies. As LiDAR gains traction beyond self-driving into broader safety applications, comparing AEVA and LAZR now is timely. Both offer high-risk, high-reward potential, but the difference lies in their pace of execution and readiness to dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now. Expanding Momentum and Industrial Diversification: Aeva Technologies has seen a surge in activity throughout 2025, fueled by developments beyond the core automotive market. The company's 4D LiDAR, built on Frequency Modulated Continuous Wave (FMCW) technology, provides real-time velocity and depth data — setting it apart from traditional time-of-flight (ToF) systems. This technological edge is helping AEVA broaden its reach into industrial applications, where precision and reliability are critical, and opens doors to a wider array of end Wins With Tier-One Players: AEVA's partnership pipeline is robust. A Fortune 500 tech company recently committed up to $50 million — $32.5 million in equity and $17.5 million in manufacturing support — and is expected to act as AEVA's Tier 2 supplier for a top-10 global passenger OEM. The program could scale to multiple models, positioning Aeva Technologies to lock in long-term supply agreements. Management also highlighted a signed letter of intent from that OEM, signaling a potential production award as early as late Expansion and Capacity Building: Unlike many LiDAR players that are heavily reliant on automotive production ramps, AEVA is making a smart push into high-margin industrial sectors. It has secured over 1,000 orders for its Eve 1 precision sensor and is working with customers like SICK AG and LMI Technologies, which serve a combined addressable market of roughly 2 million units annually. Aeva Technologies is targeting 100,000 units in annual production capacity by the end of 2025. Strategic Liquidity Moves and Deleveraging: Luminar has taken deliberate steps to reinforce its balance sheet. Through repurchasing $50 million of its 2026 convertible notes using a mix of cash and equity, and securing a $200 million capital facility from institutional investors, Luminar has improved its liquidity runway through at least the end of 2026. With roughly $400 million in total liquidity and a reduced debt load of $135 million, Luminar is better positioned to fund the transition to its new Halo platform without relying on near-term revenue Platform Offers a Streamlined Path Forward: The company's pivot to a single, unified LiDAR system — Halo — is gaining momentum. OEMs are migrating away from Luminar's legacy Iris system, opting instead for the Halo architecture, which promises quicker deployment, lower development costs, and greater commercial scalability. Prototypes are already in customer hands, with a formal launch expected in late 2026 or early 2027. This shift could position Luminar as a volume-ready LiDAR supplier capable of capturing significant market share in ADAS and safety Industrial and Automotive Partnerships: Luminar's agreements extend beyond passenger vehicles. Its LiDAR will be featured in Caterpillar's off-highway trucks, targeting quarry and aggregate operations, offering validation in demanding environments. Automotive-wise, it's already live on the Volvo EX90 and will soon be featured on the Volvo ES90, representing the only high-performance LiDAR system standard on global production vehicles. Aeva Technologies has climbed nearly 240% year to date, largely fueled by new industrial and OEM partnership announcements. The rapid upswing reflects growing market optimism, though it raises questions about how much near-term success is already priced in. On the other hand, LAZR is down around 31% this year, weighed by commercialization delays and cash flow concerns. Still, if it can deliver on its Halo roadmap, the current valuation could present an attractive opportunity. Image Source: Zacks Investment Research Valuation is where the contrast becomes stark. AEVA currently trades at a forward sales multiple of approximately 31.6, signaling aggressive investor expectations for future growth. LAZR, on the other hand, trades at just 1.6X forward sales, offering a more grounded valuation despite its early production wins and robust capital runway. This gap suggests that AEVA's stock price may already be baking in a lot of future success, while LAZR may present a value opportunity. Image Source: Zacks Investment Research Both companies are still in the red but are showing signs of improvement. Analysts forecast AEVA's EPS to improve by 21.7% in 2025 and another 12.2% in 2026, driven by early industrial revenues and potential automotive ramp-ups. Image Source: Zacks Investment Research Luminar, however, is expected to post a stronger recovery with a 53.6% EPS improvement in 2025, followed by 7.5% in 2026. These forecasts imply that LAZR could deliver stronger bottom-line leverage as revenues scale from existing programs. Image Source: Zacks Investment Research AEVA and LAZR are both navigating the early stages of LiDAR commercialization, each with unique strengths. AEVA stands out with fresh momentum, strategic wins across verticals, and rapid industrial expansion. However, its stretched valuation and continued cash burn temper near-term upside. LAZR, on the other hand, offers better valuation support and a clearer path toward high-volume deployment through its streamlined Halo platform and strong balance stocks currently carry a Zacks Rank #2 (Buy), reflecting optimistic earnings outlooks and improving investor sentiment. In the end, the choice comes down to investor preference: AEVA for early-stage hypergrowth and vertical diversification, or LAZR for strategic discipline and deeper institutional backing. Either way, both are well worth investing in the LiDAR race. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Luminar Technologies, Inc. (LAZR) : Free Stock Analysis Report Aeva Technologies, Inc. (AEVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
14-05-2025
- Automotive
- Yahoo
Aeva Announces Strategic Collaboration and Investment with a Global Fortune 500 Company's Technology Affiliate
Total Investment of up to ~$50 Million Including a ~6% Equity Stake in Aeva MOUNTAIN VIEW, Calif., May 14, 2025--(BUSINESS WIRE)--Aeva® (Nasdaq: AEVA), a leader in next-generation sensing and perception systems, today announced a strategic collaboration with the technology focused affiliate of a Global Fortune 500 company, which is a leading global technology solution provider, to collaborate on bringing Aeva's next generation 4D LiDAR into new industrial and consumer markets. Aeva will also select this company as its Tier-2 manufacturing partner for the Top 10 passenger OEM program previously announced. "This collaboration marks a significant milestone for Aeva as we join forces with one of the world's most respected technology and manufacturing companies," said Soroush Salehian, Co-founder and CEO at Aeva. "Together, we are poised to accelerate the adoption of next-generation sensing technologies for new industrial and consumer markets as well as in automotive applications. We believe this partnership validates the strength of our unique technology and underscores the growing demand for high-performance, reliable perception solutions based on our unique FMCW technology." As part of the agreement, the global technology leader will invest up to approximately $50 million including Aeva common stock, new joint product development revenue and capital investments to bring production capacity online for Aeva's next generation perception sensing products across automotive, industrial and consumer applications. The company will take an approximately 6% equity stake in Aeva. This marks the first step in a broader joint collaboration to expand Aeva's reach into new end markets to deliver advanced sensing and perception products across multiple market segments including consumer electronics, industrial and automotive. The collaboration combines the partner's world-class expertise in global manufacturing and electronics innovation with Aeva's proprietary Frequency Modulated Continuous Wave (FMCW) technology. "Leveraging the technology leadership we have is a key element of our commercial strategy. We believe this can provide an opportunity to accelerate our product roadmap while accessing capital to help continue funding our growth plans to help expand into new end markets such as consumer and new industrial applications while aiming to minimize dilution," Soroush Salehian added. The companies will jointly share additional details on this strategic collaboration in the coming months. About Aeva Technologies, Inc. (Nasdaq: AEVA) Aeva's mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit or connect with us on X or LinkedIn. Aeva, the Aeva logo, Aeva 4D LiDAR, Aeva Atlas, Aeries, Aeva Eve, Aeva Ultra Resolution, Aeva CoreVision, and Aeva X1 are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners. Forward looking statements This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements include, but are not limited to expectations about our product features, performance, the potential amounts that could be received by Aeva and future market opportunities . 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. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the fact that Aeva is an early stage company with a history of operating losses and may never achieve profitability, (ii) Aeva's limited operating history, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the ability for Aeva to have its products selected for inclusion in OEM products, (v) the investment is subject to a number of conditions to closing, (vi) additional amounts that might be received are subject to meeting certain milestones, which may not occur, (vii) the fact that the applications Aeva may target in the future are emerging markets and may not support commercial scale technology, (viii) manufacturing risks, (ix) general economic conditions, including the impact of tariffs, and (ix) other material risks and other important factors that could affect our financial results. Please refer to our filings with the SEC, including our most recent Form 10-Q and Form 10-K. 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. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva 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. Aeva does not give any assurance that it will achieve its expectations. View source version on Contacts Media:Michael Oldenburgpress@ Investors:Andrew Funginvestors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
14-05-2025
- Automotive
- Business Wire
Aeva Announces Strategic Collaboration and Investment with a Global Fortune 500 Company's Technology Affiliate
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Aeva ® (Nasdaq: AEVA), a leader in next-generation sensing and perception systems, today announced a strategic collaboration with the technology focused affiliate of a Global Fortune 500 company, which is a leading global technology solution provider, to collaborate on bringing Aeva's next generation 4D LiDAR into new industrial and consumer markets. Aeva will also select this company as its Tier-2 manufacturing partner for the Top 10 passenger OEM program previously announced. 'This collaboration marks a significant milestone for Aeva as we join forces with one of the world's most respected technology and manufacturing companies,' said Soroush Salehian, Co-founder and CEO at Aeva. 'Together, we are poised to accelerate the adoption of next-generation sensing technologies for new industrial and consumer markets as well as in automotive applications. We believe this partnership validates the strength of our unique technology and underscores the growing demand for high-performance, reliable perception solutions based on our unique FMCW technology.' As part of the agreement, the global technology leader will invest up to approximately $50 million including Aeva common stock, new joint product development revenue and capital investments to bring production capacity online for Aeva's next generation perception sensing products across automotive, industrial and consumer applications. The company will take an approximately 6% equity stake in Aeva. This marks the first step in a broader joint collaboration to expand Aeva's reach into new end markets to deliver advanced sensing and perception products across multiple market segments including consumer electronics, industrial and automotive. The collaboration combines the partner's world-class expertise in global manufacturing and electronics innovation with Aeva's proprietary Frequency Modulated Continuous Wave (FMCW) technology. 'Leveraging the technology leadership we have is a key element of our commercial strategy. We believe this can provide an opportunity to accelerate our product roadmap while accessing capital to help continue funding our growth plans to help expand into new end markets such as consumer and new industrial applications while aiming to minimize dilution,' Soroush Salehian added. The companies will jointly share additional details on this strategic collaboration in the coming months. About Aeva Technologies, Inc. (Nasdaq: AEVA) Aeva's mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit or connect with us on X or LinkedIn. Aeva, the Aeva logo, Aeva 4D LiDAR, Aeva Atlas, Aeries, Aeva Eve, Aeva Ultra Resolution, Aeva CoreVision, and Aeva X1 are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners. Forward looking statements This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. These forward-looking statements include, but are not limited to expectations about our product features, performance, the potential amounts that could be received by Aeva and future market opportunities . 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. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the fact that Aeva is an early stage company with a history of operating losses and may never achieve profitability, (ii) Aeva's limited operating history, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the ability for Aeva to have its products selected for inclusion in OEM products, (v) the investment is subject to a number of conditions to closing, (vi) additional amounts that might be received are subject to meeting certain milestones, which may not occur, (vii) the fact that the applications Aeva may target in the future are emerging markets and may not support commercial scale technology, (viii) manufacturing risks, (ix) general economic conditions, including the impact of tariffs, and (ix) other material risks and other important factors that could affect our financial results. Please refer to our filings with the SEC, including our most recent Form 10-Q and Form 10-K. 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. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva 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. Aeva does not give any assurance that it will achieve its expectations.
Yahoo
25-03-2025
- Automotive
- Yahoo
Enablence Technologies and LightIC to Deliver Next-Generation FMCW LiDAR Sensing Chips for Automotive, Robotics and Industrial
Visit Enablence Technologies at OFC, Booth #4965 Fremont, California--(Newsfile Corp. - March 25, 2025) - Enablence Technologies (TSXV: ENA) a leading provider of planar lightwave (PLC) optical chips and sub systems that perform communications, sensing and computing in datacom, telecom, automotive and artificial intelligence (AI) applications announced today a partnership to supply its PLC optics chips in LightIC's Frequency-Modulated Continuous-Wave (FMCW) Light Detection and Ranging (LiDAR) sensor products. Based in Silicon Valley, Calif., LightIC is a leading supplier of FMCW LiDARs based on its innovative silicon photonics integration technology. Adoption of LightIC's next-generation FMCW LiDAR products is growing rapidly as its long-range, direct velocity detection, precision and interference immunity helps accelerate cutting-edge advances in automotive, robotics, industrial automation. LiDAR systems use optics technology to shape and direct laser beams to the field of view to attain exceptionally reliable measurements which is critical for advanced sensing applications in automotive, industrial automation, and robotics. FMCW LiDAR technology measures distance and velocity by analysing the frequency shift of a continuously emitted, frequency-modulated laser beam to offers higher resolution and velocity measurement capabilities. Instead of emitting short pulses, FMCW LiDAR continuously emits a laser beam whose frequency is modulated. When the laser beam reflects off an object, the reflected light's frequency is shifted due to the object's motion (Doppler effect) and distance. The FMCW LiDAR system then compares the frequency of the reflected light with the frequency of the emitted light to determine the object's distance and velocity. LightIC's FMCW LiDAR products enable the highest-precision distance and velocity measurements on the market. For example, unlike time-of-flight (ToF) LiDAR which needs to estimate velocity from changes in position, FMCW can directly measure the speed of an object using the Doppler effect. FMCW LiDAR is also less susceptible to light interference (such as sunlight) compared to ToF LiDAR because of its coherent detection. FMCW LiDAR signals also extend to longer ranges compared to ToF LiDAR. The global FMCW LiDAR market is a rapidly growing market projected to surpass $15Billion by 2033 representing a CAGR of more than 20 percent during this period. "I am delighted to announce our collaboration with Enablence Technologies a long-term leader in the development of optics chips," said Dr. Sun, CEO, LightIC. "Our partnership reflects our combined strengths of innovation and commitment to providing value to our customers. In the fields of automotive, industrial and robotics, accuracy, precision, safety, and reliability are crucial to ensuring our customers' success and we are very pleased that our industry leading FMCW LiDAR products are transformative and deliver on these requirements for our growing customer base in North America, Asia and the Europe." LightIC's innovative FMCW LiDAR sensors are designed to meet the growing demand for a wide range of advanced industrial applications where high precision is critical to ensuring advanced automation. For example, automotives, robotics and industrial automation all require the most precise navigation and obstacle detection capabilities. In Robotics, enhanced operational reliability in dynamic environments is critical. Most importantly, in automotive, providing real-time, accurate velocity-awareness can be a matter of lifesaving. "We are delighted to partner with LightIC, an innovator in the fast-growing FMCW LiDAR space," noted Todd Haugen, CEO of Enablence Technologies. "Combining Enablence's proven PLC optics technology with LightIC's silicon photonics integration technology allows for a superior FMCW LiDAR platform with best-in-class range, resolution and accuracy and the ability to achieve the highest performance in the most challenging environments," added Haugen. About FMCW LiDAR Unlike traditional Time-of-Flight (ToF) LiDAR systems, FMCW LiDAR employs the principles of frequency modulation to achieve unparalleled accuracy, robustness, and long-term reliability. Optical transceivers are key components in LiDAR systems. Enablence's planar lightwave circuits (PLCs) deliver the most compact, efficient, easily integrated optics chips on the market. PLC technology offers low-signal loss advantage, which enables long delay lines critical for maintaining FMCW laser accuracy. By integrating LightIC's innovative silicon photonic FMCW technology with Enablence's PLC optics chips, customers gain the optimal cost and performance benefits for the latest, highest performing FMCW LiDAR technology from LightIC. "We continue to expand our footprint beyond our traditional optical communications market and grow our sensing business through the deployment of new LiDAR chips to support the rapidly expanding demand from this fast-growing market," noted Haugen. "Our unique silicon PLC technology provides us with a competitive advantage where we can offer customers the smallest, most efficient, highly integrated optics chips in the industry to greatly reduce their assembly costs." About LightIC Founded in 2019, LightIC is headquartered in Santa Clara, California. LightIC's LiDAR chips and systems are developed and manufactured leveraging its cutting-edge, proprietary silicon photonics technology. It is also a leading innovator of FMCW LiDAR. LightIC continues to grow its footprint in the USA, Europe and throughout Asia having secured top tier strategic partnerships with domestic and international automobile and industrial manufacturers. For more information, visit: About Enablence Technologies Enablence is a publicly company with its common shares listed for trading through the facilities of the TSX Venture Exchange (TSXV: ENA) that designs, markets and sells optical chips and sub systems, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data centre and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information, visit: For more information contact: Stan Besko, MBA, CFO Enablence Technologies Todd Haugen, CEOEnablence Technologies Inc. Ali MahdaviCapital Markets & Investor Relations am@ Media and Analysts Alison ParnellHill and Kincaid Marketing & PR press@ Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward- looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a few factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's continuous disclosure documents that can be found on SEDAR ( under Enablence's issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether because of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. -END- To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
25-03-2025
- Automotive
- Associated Press
Enablence Technologies and LightIC to Deliver Next-Generation FMCW LiDAR Sensing Chips for Automotive, Robotics and Industrial
Visit Enablence Technologies at OFC, Booth #4965 Fremont, California--(Newsfile Corp. - March 25, 2025) - Enablence Technologies (TSXV: ENA) a leading provider of planar lightwave (PLC) optical chips and sub systems that perform communications, sensing and computing in datacom, telecom, automotive and artificial intelligence (AI) applications announced today a partnership to supply its PLC optics chips in LightIC's Frequency-Modulated Continuous-Wave (FMCW) Light Detection and Ranging (LiDAR) sensor products. Based in Silicon Valley, Calif., LightIC is a leading supplier of FMCW LiDARs based on its innovative silicon photonics integration technology. Adoption of LightIC's next-generation FMCW LiDAR products is growing rapidly as its long-range, direct velocity detection, precision and interference immunity helps accelerate cutting-edge advances in automotive, robotics, industrial automation. LiDAR systems use optics technology to shape and direct laser beams to the field of view to attain exceptionally reliable measurements which is critical for advanced sensing applications in automotive, industrial automation, and robotics. FMCW LiDAR technology measures distance and velocity by analysing the frequency shift of a continuously emitted, frequency-modulated laser beam to offers higher resolution and velocity measurement capabilities. Instead of emitting short pulses, FMCW LiDAR continuously emits a laser beam whose frequency is modulated. When the laser beam reflects off an object, the reflected light's frequency is shifted due to the object's motion (Doppler effect) and distance. The FMCW LiDAR system then compares the frequency of the reflected light with the frequency of the emitted light to determine the object's distance and velocity. LightIC's FMCW LiDAR products enable the highest-precision distance and velocity measurements on the market. For example, unlike time-of-flight (ToF) LiDAR which needs to estimate velocity from changes in position, FMCW can directly measure the speed of an object using the Doppler effect. FMCW LiDAR is also less susceptible to light interference (such as sunlight) compared to ToF LiDAR because of its coherent detection. FMCW LiDAR signals also extend to longer ranges compared to ToF LiDAR. The global FMCW LiDAR market is a rapidly growing market projected to surpass $15Billion by 2033 representing a CAGR of more than 20 percent during this period. 'I am delighted to announce our collaboration with Enablence Technologies a long-term leader in the development of optics chips,' said Dr. Sun, CEO, LightIC. 'Our partnership reflects our combined strengths of innovation and commitment to providing value to our customers. In the fields of automotive, industrial and robotics, accuracy, precision, safety, and reliability are crucial to ensuring our customers' success and we are very pleased that our industry leading FMCW LiDAR products are transformative and deliver on these requirements for our growing customer base in North America, Asia and the Europe.' LightIC's innovative FMCW LiDAR sensors are designed to meet the growing demand for a wide range of advanced industrial applications where high precision is critical to ensuring advanced automation. For example, automotives, robotics and industrial automation all require the most precise navigation and obstacle detection capabilities. In Robotics, enhanced operational reliability in dynamic environments is critical. Most importantly, in automotive, providing real-time, accurate velocity-awareness can be a matter of lifesaving. 'We are delighted to partner with LightIC, an innovator in the fast-growing FMCW LiDAR space,' noted Todd Haugen, CEO of Enablence Technologies. 'Combining Enablence's proven PLC optics technology with LightIC's silicon photonics integration technology allows for a superior FMCW LiDAR platform with best-in-class range, resolution and accuracy and the ability to achieve the highest performance in the most challenging environments,' added Haugen. About FMCW LiDAR Unlike traditional Time-of-Flight (ToF) LiDAR systems, FMCW LiDAR employs the principles of frequency modulation to achieve unparalleled accuracy, robustness, and long-term reliability. Optical transceivers are key components in LiDAR systems. Enablence's planar lightwave circuits (PLCs) deliver the most compact, efficient, easily integrated optics chips on the market. PLC technology offers low-signal loss advantage, which enables long delay lines critical for maintaining FMCW laser accuracy. By integrating LightIC's innovative silicon photonic FMCW technology with Enablence's PLC optics chips, customers gain the optimal cost and performance benefits for the latest, highest performing FMCW LiDAR technology from LightIC. 'We continue to expand our footprint beyond our traditional optical communications market and grow our sensing business through the deployment of new LiDAR chips to support the rapidly expanding demand from this fast-growing market,' noted Haugen. 'Our unique silicon PLC technology provides us with a competitive advantage where we can offer customers the smallest, most efficient, highly integrated optics chips in the industry to greatly reduce their assembly costs.' About LightIC Founded in 2019, LightIC is headquartered in Santa Clara, California. LightIC's LiDAR chips and systems are developed and manufactured leveraging its cutting-edge, proprietary silicon photonics technology. It is also a leading innovator of FMCW LiDAR. LightIC continues to grow its footprint in the USA, Europe and throughout Asia having secured top tier strategic partnerships with domestic and international automobile and industrial manufacturers. For more information, visit: About Enablence Technologies Enablence is a publicly company with its common shares listed for trading through the facilities of the TSX Venture Exchange (TSXV: ENA) that designs, markets and sells optical chips and sub systems, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data centre and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information, visit: For more information contact: Stan Besko, MBA, CFO Enablence Technologies Inc. Todd Haugen, CEO Enablence Technologies Inc. [email protected] Ali Mahdavi Capital Markets & Investor Relations [email protected] Media and Analysts Alison Parnell Hill and Kincaid Marketing & PR Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward- looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a few factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's continuous disclosure documents that can be found on SEDAR ( under Enablence's issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether because of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
