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