Arbe's Radar Chipset Advances the Development of Safety and
Autonomy Applications for Next-Generation Vehicle Platforms
TEL
AVIV, Israel, July 11,
2024 /PRNewswire/ -- Arbe Robotics, Ltd.,
(Nasdaq: ARBE) (TASE: ARBE), a global leader in perception radar
solutions, announced today a collaboration with a prominent
European truck manufacturer to integrate Arbe's automotive grade
imaging radar technology into the manufacturer's next-generation
sensor suite, as part of the manufacturer's transition to an
advanced implementation stage.
Arbe's imaging radar technology effectively addresses the unique
challenges of trucks, such as their larger size, the need for more
distance to brake on time, and greater impact potential. These
factors make it crucial for trucks to operate safely in any weather
and lighting condition. With the largest channel array in the
industry, Arbe's radar offers unique functionalities, including
perception enhancement, 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
are essential for the trucking industry and its distinctive
business models.
The European truck manufacturer has conducted extensive
evaluations of Arbe's imaging radar chipset to confirm that it
meets rigorous performance standards. The process involved
equipping a fleet of trucks, conducting comprehensive field trials,
and gathering extensive data to demonstrate the superiority of
imaging radar, compared to other front sensors such as lidar and
conventional radar. The manufacturer now installing cutting-edge
radars based on the Arbe chipset in trucks for the following phase
of developing safety and autonomy applications for its
next-generation vehicle platform.
"We are excited to strengthen our collaboration with a leading
European truck manufacturer," said Kobi
Marenko, CEO of Arbe. "Our joint efforts have proven the
exceptional capabilities of imaging radar, and as we enter the
development phase, we are confident that this collaboration will
drive groundbreaking advancements in vehicle sensor technology.
Together, we are setting new standards for safety and innovation in
the trucking industry."
About Arbe
Arbe (Nasdaq: ARBE), a global leader in Perception Radar
solutions, is spearheading a radar revolution, enabling truly safe
driver-assist systems today while paving the way to full
autonomous-driving. Arbe's radar technology is 100 times more
detailed than any other radar on the market and is a critical
sensor for L2+ and higher autonomy. The company is empowering
automakers, Tier 1 suppliers, autonomous ground vehicles,
commercial and industrial vehicles, and a wide array of safety
applications with advanced sensing and paradigm changing
perception. Arbe, a leader in the fast-growing automotive radar
market, is based in Tel Aviv,
Israel, and has 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. 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 "expect,"
"believe," "estimate," "intend," "plan," "anticipate," "may,"
"should," "strategy," "future," "will," "project," "potential" and
similar expressions indicate forward-looking statements.
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. These risks and uncertainties include, but are
not limited to the truck manufacturer successfully completing the
development of its safety and autonomy applications; the placement
of orders with the Company by the truck manufacturer and the truck
manufacturer being satisfied with the quality, performance and the
timing of the delivery of the Company's chipset, the Company
meeting the conditions to the release of the net proceeds of the
debenture offering from escrow and meeting the covenants, the
effect on the Israeli economy generally and on the Company's
business resulting from the terrorism and the hostilities in
Israel and with its neighboring
countries including the effects of the continuing war with Hamas
and any further intensification of hostilities with others,
including Iran and Hezbollah, and
the effect of the call-up of a significant portion of its working
population, including the Company's employees; the effect of any
potential boycott both of Israeli products and business and of
stocks in Israeli companies; the effect of any downgrading of the
Israeli economy and the effect of changes in the exchange rate
between the US dollar and the Israeli shekel; and the risk and
uncertainties described in "Cautionary Note Regarding
Forward-Looking Statements," "Item 3. Key Information – D. Risk
Factors" and "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 (the "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 relate only to the date they
were made, and the Company does not undertake any obligation to
update forward-looking statements to reflect events or
circumstances after the date they were made except as required by
law or applicable regulation.
Information contained on, or that can be accessed through, the
Company's website or any other website or any social media is
expressly not incorporated by reference into and is not a part of
this press release.
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SOURCE Arbe