DUBLIN, Calif.--(BUSINESS WIRE)--AEye, Inc. , 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.”
Today, AEye is focused on development, validation, and industrialization of Continental’s HRL-131 Long Range Lidar product, built on the 4Sight platform. The product is being incorporated into Continental’s existing full stack ADAS sensing portfolio to enhance safety systems in a wide variety of driving environments. Continental can scale production using their global production footprint, as one of the world’s leading suppliers of autonomous and advanced driver assistance systems. Over time, AEye’s business model enables the company to work with additional Tier 1s to scale even more broadly.
For more on AEye’s Innovation award, visit the Reuters DRIVE Honours summary here.
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. AEye has a global presence through its offices in Germany, Korea, and the United States.
