AEye Partners with Accelight and LighTekton to Deliver Lidar Solutions in China

AEye Inc. (NASDAQ: LIDR), a global leader in adaptive high-performance lidar solutions, has announced a partnership with Accelight Technologies Inc. (ATI) and LighTekton Co. Ltd. to deliver AEye's 4Sight lidar solutions to the China market. The partnership aims to provide safer autonomous trucking and railway systems in China using AEye's ultra-long-range 4Sight platform.

Why this matters: This partnership has significant implications for the development of autonomous transportation systems in China, which could have far-reaching consequences for the country's economy and global trade. As China continues to invest in its smart rail transit and highway systems, the adoption of advanced lidar technology could set a new standard for safety and efficiency in the industry.

AEye CEO Matt Fisch emphasized the significance of the China market, stating, "China is leading the market in lidar adoption, particularly as it applies to the build-out of its smart rail transit and investment in autonomous trucking for its highway system." Gordon Gu, Chairman of ATI, expressed confidence in AEye's technology, saying, "We believe AEye's 4Sight technology will truly advance the overall safety experience in both autonomous trucking and railway systems."

AEye's 4Sight platform is an ultra-long-range solution that provides safety at speed. The total accessible market (TAM) in China is estimated to be $2.5 billion USD over the next 3 years. ATI is a global company and a manufacturer of passive and active pluggable modules used in fiber optic networks. LighTekton is a high-tech enterprise focusing on photoelectric perception technology in the field of pan-autonomous driving, headquartered in Wuhan Optics Valley, China.

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. The partnership leverages the strengths of each company to accelerate the adoption of lidar solutions in China's rapidly growing autonomous vehicle market.

The partnership between AEye, Accelight Technologies, and LighTekton represents a significant step forward in delivering advanced lidar solutions to enhance safety in China's autonomous trucking and railway systems. With AEye's cutting-edge 4Sight platform and the expertise of its partners, the collaboration aims to capitalize on the immense potential of the China market and drive the adoption of lidar technology in the country's transportation infrastructure.

Key Takeaways

• AEye partners with Accelight Technologies and LighTekton to bring lidar solutions to China.
• Partnership aims to enhance safety in autonomous trucking and railway systems in China.
• AEye's 4Sight platform provides ultra-long-range solution for safety at speed.
• China's TAM for lidar solutions is estimated at $2.5 billion USD over 3 years.
• Partnership leverages strengths of each company to accelerate lidar adoption in China.