AEye’s Jordan Greene Gets Prestigious Automotive Field Honor From Informa Tech Automotive Awards

Greene named Automotive Inspiration of the Yr, Under 30

DUBLIN, Calif., November 19, 2021–(Company WIRE)–AEye, Inc. (NASDAQ: LIDR) today introduced that AEye co-founder and Typical Supervisor of Automotive, Jordan Greene has been named Automotive Inspiration of the Calendar year, Under 30 by Informa Tech Automotive. The award acknowledges an individual under the age of 30 who has built a important contribution to the automotive technological know-how business, has demonstrably pushed the boundaries in just automotive tech, and has contributed to positively driving alter in the market. The award was introduced at Automotive Tech Week, getting spot November 15-19 in Novi, Michigan.

This press launch options multimedia. View the comprehensive launch in this article:

AEye co-founder and GM of Automotive, Jordan Greene, named Automotive Inspiration of the Yr, Underneath 30 (Picture: Small business Wire)

Greene co-launched AEye in 2013, and has been a crucial contributor to the company’s main IP and the style of 5 generations of LiDAR merchandise and perception computer software. By his strategic management, AEye has made the industry’s initial adaptive, high general performance LiDAR platform built to leverage deterministic synthetic intelligence to boost probability of detection, minimize untrue good fees, and improve the velocity and good quality of data acquisition and classification. On the company side, Greene has pioneered a small business model that leverages the automotive offer chain and the world wide producing capabilities of Tier 1 automotive suppliers like Continental to lower expenditures and drive innovation. Greene’s technological and business enterprise acumen, as nicely as his leadership, have promoted technological progress that are serving to speed up safe and sound auto autonomy.

“I’m honored to be identified as an automotive inspiration in an marketplace that is aggressively innovating on the road to autonomy,” said Greene. “We made a conclusion at AEye’s inception to take a software package-initially method, believing that an adaptive platform is the key to conference OEMs’ dynamic necessities, and that the most effective way to provide automakers is by leveraging the present Tier 2 and Tier 1 price chain. Our wager has paid out off, as the field realizes the great importance of smart information seize and the potential to constantly drive out capabilities and improvements over time. AEye’s computer software-very first approach matches with OEMS’ evolving business enterprise design, and makes sure adaptive basic safety.”

Winners of the Informa Tech Automotive Awards ended up chosen based on demanding conditions established forth by Informa’s judging panel, supported by the WardsAuto and Wards Intelligence editorial and analyst teams.

About AEye

AEye is the leading service provider of smart, future generation, adaptive LiDAR for car autonomy, state-of-the-art driver-support programs (ADAS), and robotic vision applications. AEye’s adaptive LiDAR leverages biomimicry and principles from automatic targeting applications made use of by the armed service to scan the ecosystem, intelligently focusing on what matters most, enabling faster, additional accurate, and a lot more trusted perception. It is the only software program configurable LiDAR with integrated deterministic artificial intelligence, delivering market-foremost effectiveness in selection, resolution, and velocity. The business was launched in 2013 and is centered in the San Francisco Bay Location.

Forward-Wanting Statements

Certain statements integrated in this press launch that are not historical facts are ahead-hunting statements inside the indicating of the federal securities rules, such as the safe harbor provisions less than the United States Private Securities Litigation Reform Act of 1995. Ahead-searching statements are sometimes accompanied by phrases this kind of as “imagine,” “continue on,” “project,” “anticipate,” “anticipate,” “estimate,” “intend,” “system,” “potential,” “option,” “predict,” “prepare,” “may,” “ought to,” “will,” “would,” “potential,” “seem,” “search for,” “outlook,” and identical expressions that forecast or reveal upcoming functions or traits, or that are not statements of historical matters. Ahead-searching statements are predictions, projections, and other statements about upcoming situations that are dependent on present-day expectations and assumptions and, as a outcome, are subject matter to challenges and uncertainties. These statements are based mostly on different assumptions, regardless of whether or not discovered in this press launch. These ahead-hunting statements are furnished for illustrative needs only and are not supposed to serve as and have to not be relied on by an trader as a assurance, an assurance, a prediction, or a definitive statement of simple fact or likelihood. True events and situation are incredibly complicated or not possible to forecast and will differ from the assumptions. Lots of true gatherings and conditions are outside of the handle of AEye. A lot of things could bring about precise potential functions to vary from the forward-looking statements in this push launch, which includes but not limited to: (i) the pitfalls that the Business will be unable to provide environment major efficiency to its customers as swiftly as expected, or at all (ii) the dangers that we will be in a position to efficiently launch merchandise into the market, or at all (iii) the threats that the Company’s partnership with the Tier 2 and Tier 1 benefit chain will end result in the growth of a product or service for the automotive market that satisfies the anticipations of prospects, or at all (iv) the hazards that the Company’s merchandise can be optimized for a number of marketplaces, or at a price tag stage suitable to our prospects (v) the threats that lidar adoption takes place slower than expected or fails to arise at all (vi) the hazards that AEye’s products will not fulfill the numerous range of overall performance and functional necessities of AEye’s target marketplaces and clients (vii) the hazards that AEye’s merchandise will not perform as expected by AEye or by AEye’s goal marketplaces and consumers (viii) the challenges that AEye may not be in a placement to adequately or timely handle both the close to or extended-time period chances that may perhaps or may well not exist in the evolving autonomous transportation market (ix) the dangers that AEye will be unable to efficiently comprehend the benefits of AEye’s funds-gentle organization model (x) the challenges that rules and regulations are adopted impacting the use of lidar that AEye is not able to comply with, in complete or in section (xi) changes in aggressive and controlled industries in which AEye operates, versions in working functionality across competition, and adjustments in legislation and laws affecting AEye’s small business (xiii) the challenges that AEye is not able to sufficiently put into action its company plans, forecasts, and other anticipations, and discover and understand added possibilities and (xiv) the challenges of downturns and a modifying regulatory landscape in the remarkably competitive and evolving field in which AEye operates. These threats and uncertainties may be amplified by the COVID-19 pandemic, which has brought about important financial uncertainty. The foregoing listing of factors is not exhaustive. You should really diligently take into consideration the foregoing factors and the other risks and uncertainties explained in the “Hazard Factors” part of the Quarterly Report on Kind 10-Q that AEye filed with the U.S. Securities and Trade Fee (the “SEC”) and other files filed by AEye or that will be submitted by AEye from time to time with the SEC. These filings detect and deal with other important challenges and uncertainties that could trigger precise occasions and results to vary materially from these contained in the forward-seeking statements. Ahead-seeking statements communicate only as of the date they are designed.

Viewers are cautioned not to put undue reliance on ahead-wanting statements AEye assumes no obligation and does not intend to update or revise these ahead-searching statements, regardless of whether as a result of new information and facts, upcoming gatherings, or or else. AEye provides no assurance that AEye will achieve any of its anticipations.

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Media Speak to:
AEye, Inc.
Jennifer Deitsch
[email protected]

Monetary Profiles, Inc.
Matthew Keating, CFA
[email protected]

John Brownell
[email protected]

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