CEO Highlights AEye's Technology and Why it is Needed for Auto Safety and Autonomous Operations
On August 14, WTR held a fireside chat with AEye CEO Matt Fisch. The conversation can be accessed on demand in the full report or on our website. Fisch highlighted how AEye is solving two key auto issues: (1) improved safety; and (2) autonomous operation. Lidar is needed to improve a car’s ability to ‘see’. Fisch pointed out that cameras only see in two dimensions, which can lead to bad decisions (e.g. seeing a manhole cover as an obstacle that must be avoided). While lidar can see in four dimensions (horizonal, vertical, depth, and velocity), this allows for a much more complete and correct picture of the environment. This better performance is needed for safety systems to improve now and for autonomous vehicles in the future. Fisch also discussed the licensing model AEye uses and how it allows the company to leverage partners, like Continental, to expand to other markets more easily, and how it will enable higher margins. The biggest design win to date is with Tier 1 auto supplier Continental, which selected AEye to meet premium OEM requirements, and the two are jointly engaged in six OEM RFQs. Continental supplies advanced driver assistance systems (ADAS) to 25 auto OEMs, covering 50 brands and 300 models. It delivered 100 million ADAS from 2017 to 2019...
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