Arbe’s radar chip advances safety and autonomy applications for next-generation vehicle platforms
Tel Aviv, Israel, July 11, 2024 Arby Robotics, Inc. (NASDAQ: ARBE) (TASE: ARBE), a global leader in cognitive radar solutions, today announced a collaboration with a leading European truck manufacturer to integrate Arby’s automotive imaging radar technology into the company’s next-generation sensor suite, as part of the company’s move to advanced implementation.
Arbe’s imaging radar technology effectively addresses the unique challenges of trucks, such as their larger size, the need for greater braking distance, and the greater potential for collisions. These factors make it essential for trucks to operate safely in any weather and lighting conditions. With the industry’s largest channel array, Arbe’s radar provides unique functionality, including enhanced perception, free-space mapping, and managing complex use cases such as detecting lost cargo on the road and detecting pedestrians, even at night. This advanced technology enhances driver assistance and supports Level 4 autonomous driving, which is essential for the trucking industry and its distinct business models.
The European truck manufacturer has conducted extensive evaluations of Arbe’s imaging radar chip to ensure it meets stringent performance standards. The process involved equipping a fleet of trucks, conducting extensive field trials and collecting extensive data to demonstrate the superiority of the imaging radar over other forward-looking sensors such as lidar and traditional radar. The manufacturer is now installing advanced radars based on the Arbe chip in trucks for the next phase of development of safety and autonomous applications for the next-generation vehicle platform.
“We are excited to further our collaboration with a leading European truck manufacturer,” said Kobi Marinko, CEO of Arby. “Our combined efforts have demonstrated the exceptional capabilities of imaging radar, and as we enter the development phase, we are confident that this collaboration will drive groundbreaking developments in vehicle sensor technology. Together, we are setting new standards for safety and innovation in the truck industry.”
About Arby
Arbe (NASDAQ: ARBE), a global leader in perceptual radar solutions, is leading the radar revolution, enabling truly safe driver assistance systems today while paving the way for fully autonomous driving. Arbe’s radar technology features 100 times more detail than any other radar on the market and is a critical sensor for Level 2 and above autonomy. The company empowers automakers, tier-one suppliers, autonomous ground vehicles, commercial and industrial vehicles, and a broad range of safety applications through advanced sensing and variable perception. A leader in the fast-growing automotive radar market, Arbe is headquartered in Tel Aviv, Israel, with offices in China, Germany, and the United States.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “intend,” “plan,” “expect,” “may,” “should,” “strategy,” “future,” “will,” “expect,” “potential” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are predictions, forecasts and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These risks and uncertainties include, but are not limited to, the truck manufacturer’s success in completing development of its safety and autonomy applications; The submission of orders to the Company by the truck manufacturer and the truck manufacturer’s satisfaction with the quality, performance and timing of the Company’s tranche delivery; the Company’s fulfillment of conditions relating to the release of net proceeds from the offering of the bonds from the escrow account and the fulfillment of covenants; the impact on the Israeli economy in general and on the Company’s business resulting from terrorism and hostilities in Israel and with its neighboring countries, including the effects of the ongoing war with Hamas and any further intensification of hostilities with others, including Iran and Hezbollah; the impact of the recall of a significant portion of its working population, including the Company’s employees; the impact of any potential boycott of Israeli products and businesses and shares in Israeli companies; the impact of any devaluation of the Israeli economy and the impact of changes in the exchange rate between the US dollar and the Israeli shekel; and the risks and uncertainties described in “Cautionary Note Regarding Forward-Looking Statements,” “Item 3. Key Information – D. Risk Factors,” “Item 5. Operating and Financial Review and Prospects” and in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, which was filed with the Securities and Exchange Commission (“SEC”) on March 28, 2024, as well as other documents filed by the Company with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date on which they are made except as required by applicable law or regulation..
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Source: Arby
