Opsys Tech to source LiDAR sensors to vehicle provider Huayu Automotive Methods Co., Ltd. (HASCO) ADAS Organization Device

Settlement to offer Opsys Tech LiDAR systems for generation cars as early as 2024-2025

– Opsys Tech announces deal to source LiDAR models to world auto provider HASCO

– Offer to produce full production LiDAR systems from HASCO with Opsys LIDAR models commencing in 2024-2025

– Opsys Tech & HASCO deal signifies marketplace penetration generally with Chinese makes with international existence and world-wide OEMs active in China

– HASCO deal is a single of several key new agreements anticipated to result in important Opsys Tech automotive LiDAR market share by 2024-2025

HOLON, Israel, Feb. 9, 2022 /PRNewswire/ — Opsys Tech, a developer of Pure Solid Point out Scanning Micro-Flash LiDAR, these days introduced a offer to provide LiDAR units to planet primary car components provider HASCO for inclusion in generation automobiles as early as 2024 or 2025. HASCO is a global supplier to many main automakers.

The HASCO offer builds on one more modern Opsys Tech announcement to offer LiDAR models to a further Asia-dependent supplier for production motor vehicles in just the subsequent two to 3 many years. These bargains support Opsys Tech’s self esteem that it is on observe to be a key provider in the automotive LiDAR market place.

“This agreement with a planet foremost Tier 1 automotive provider HASCO, permits Opsys to enter the Asian automotive LiDAR units sector phase. It represents a robust and escalating recognition that Opsys-Tech Pure Solid State Scanning Micro-Flash LiDAR technological know-how and its excellent effectiveness to that of competitive methods, which will improve the safety of cars on the street though enabling the evolution of autonomous performance at all amounts up to L5” said Opsys Tech Chairman Eitan Gertel.

“HASCO has labored in the ADAS area for additional than 10 yrs and has launched loads of solutions to the market place these types of as millimeter radar (contains forward wanting, encompass, 4D imaging radar, In-Cabin Youngster existence detection radar, electricity doorway radar), intelligent digicam, fusion system, area controller etcetera. With the numerous decades cooperation with OPSYS Tech, HASCO has made a decision to go with the pure Good State Scanning LiDAR technology which OPSYS Tech created and HASCO has tested. This arrangement supports HASCO to convey superior LiDAR know-how to prospects in China and supports our shoppers for much more superior function of autonomous driving,” stated Mr. Xie Bin, Common Manager of HASCO ADAS Business enterprise Device.

“The signing of this collaboration settlement with a world major Tier 1 provider in China is a significant move to deliver Opsys LiDAR technologies into significant quantity of manufacturers, which includes world-wide OEMs energetic in China and local OEMs with activity in western marketplaces. This partnership incorporates unique terms, which signify the trust both parties have in just about every-other abilities to provide finest-in-course solution to marketplace in mass output to permit protected ADAS and Autonomous Driving capabilities,” claimed Opsys Director of Business Enhancement APAC Stav Shvartz.

Automakers are pursuing use of LiDAR technology to improve auto security improve highly developed driver help systems (ADAS) and empower the adoption of L3/L4/L5 autonomous driving applications.

Opsys Tech has designed an entirely new and floor-breaking category of LiDAR: Pure Reliable State Scanning Micro-Flash LiDAR with no shifting areas. Opsys Tech’s patented Scanning Micro-Flash engineering combines the most effective of current strategies devoid of trade-offs, when providing remarkable reliability and functionality in just about every essential class at most effective worth. Opsys Tech LiDAR engineering provides the positive aspects of flash LiDAR (lower charge, strong and reliable-state) with the better variety and resolution of mechanical-sweep or oscillating mirrors (MEMS and Galvanometer methods). Opsys Tech Pure Reliable State Scanning Micro-Flash LiDAR presents better sturdiness and improved efficiency than other systems that use any mix of mechanical going parts, this sort of as MEMS or rotating programs.

Opsys Tech LiDAR know-how achieves 4 times the variety of flash LiDAR when surpassing flash LiDAR’s resolution and scanning amount. Other LiDAR technologies boast both very long vary or high resolution or a speedy-scanning amount, but in no way all 3 instantaneously and in all disorders. Opsys Tech delivers all a few, at when, in all situations

“Our most up-to-date agreement, and other folks we count on to announce quickly, are proof the market is recognizing the exceptional overall performance and price of Opsys Tech LiDAR,” stated Rafi Harel Opsys Tech CEO.

Opsys Tech Pure Stable Point out Scanning Micro-Flash LiDAR:

Has no relocating components, delivering superior toughness
Features a low-value of production by utilizing vertical-cavity, surface-emitting lasers (VCSEL) and SPAD silicon receiver ICs
Provides 4-occasions the range of flash LiDAR
Supplies very best-in-course resolution and the very best-in-course scanning price
Provides above 90% probability of detection at 200-meters vary.
Produce “all specs all the time” throughout the full FOV

Opsys Tech has places of work in Holon, Israel, and San Jose, California and will open up this year a new business office in China through Q1 to assist the HASCO collaboration and other initiatives in the region. It strategies to manufacture its models in Asia commencing late in the to start with quarter. Opsys Tech also expects to announce extra customer agreements in the very first fifty percent of the yr that will expand its current market get to into Europe.

About Opsys Tech

Opsys Tech was launched in 2016, making a environment-main LiDAR resolution that will drive adoption and commercialization of autonomous motor vehicles with maximized protection and overall performance. Opsys Tech is headquartered in Holon, Israel, with presence in San Jose, California Seoul, Korea Shanghai, China and Prague, Czech-Republic.

About Huayu Automotive Methods Co., Ltd.

HASCO is a in depth and experienced automotive parts method provider covering additional than 40 enterprise spots. The business has 28 specifically-invested subsidiaries, many of which have extra than 30 many years of record. There are 465 R&D, manufacturing and provider bases and around 120,000 personnel all over the world. HASCO commits itself to providing all consumers with innovative technological know-how, trustworthy products and solutions and great providers.

www.opsys-tech.com

www.hasco-group.com

LinkedIn: https://www.linkedin.com/business/opsys-technologies

Media Get in touch with: Scott Fosgard Communications: Scott Fosgard, [email protected]