The ADAS System Will Integrate Camera and Radar Fusion,
Delivering the Same Level of Quality and Functionality as
LiDAR-based Systems for the Chinese Automaker
TEL
AVIV, Israel, Sept. 26,
2024 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ:
ARBE) (TASE: ARBE), a global leader in Perception Radar Solutions,
today announced that its Tier 1 HiRain Technologies, is
accelerating the development of an ADAS system for a Chinese
automobile manufacturer using the Arbe chipset. The ADAS system
will include both camera and radar fusion, effectively removing
LiDAR from the current system while maintaining the same level of
quality and functionality. The ADAS system is anticipated to enter
serial production by Q4 2025, pending final approval from the
OEM.
In January, Arbe announced that HiRain Technologies was
embarking on a rigorous data collection phase that planned to cover
1 million kilometers using a vehicle fleet equipped with LRR610
Imaging Radars, developed from the Arbe chipset. To achieve this
initiative, HiRain Technologies' vehicle fleet is using massive
amounts of collected data.
"Our LRR610 Imaging Radars, powered by the Arbe chipset,
leverage the industry's leading ultra-high resolution capabilities,
offering performance never before seen in radar technology," says
Chengjian Fan, CTO of HiRain
Technologies. "Our recent data collection initiative has shown the
optimization of both sensor fusion and perception, further
enhancing the capabilities of imaging radar and making advanced
ADAS systems more affordable while providing true safety and
advanced functionality."
Arbe's chipset includes an extensive channel array of 48
transmitting (Tx) and 48 receiving (Rx) channels, which powers
HiRain's LRR610 with ultra-high resolution in both azimuth and
elevation. The high channel array delivers a dense point cloud
resulting in highly detailed imaging.
"HiRain Technologies and Arbe are working together to transform
global automotive safety by infusing radar technology with
capabilities that were once unique to other sensors," said
Kobi Marenko, Chief Executive
Officer of Arbe. "This groundbreaking initiative will demonstrate
how imaging radar can provide an alternative to other sensors on
the market, providing a solution that enhances safety at a
consumer-friendly price point."
About Arbe
Arbe (Nasdaq: ARBE), a global leader in
Perception Radar solutions, is spearheading a radar revolution,
enabling 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.
About Beijing JingWei Hirain Technologies
Founded in
2003, HiRain focuses on providing customers in the fields of
automobile and unmanned transportation with electronic products,
R&D services, and overall solutions for high-level intelligent
driving. Headquartered in Beijing,
HiRain has established modern production plants in Tianjin, Nantong, and Malaysia, forming a perfect R&D,
production, marketing, and service system. Based on the concept of
"value innovation and serving customers", the company adheres to
the strategies of "professional focus", "technology leadership" and
"platform development", and is committed to becoming a world-class
comprehensive electronic system technology service provider, a full
stack solution supplier for intelligent networked vehicles and a
leader in high-level intelligent driving MaaS solutions. For more
information please visit: https://www.hirain.com/
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 "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 not
limited to the Company's being able to meet HiRain's quality and
timing requirements and HiRain being able to market its radar
product using the Company's chipset, the Company meeting the
conditions to the release of the net proceeds of its recently
announced 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 or HiRain'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
