In recent months, self-driven cars have become the “it” product in the tech world. Thanks to breakthroughs in robotics, automation, and artificial intelligence (AI), more automakers are now focusing on developing and marketing climate-friendly, automated products. As autonomous vehicles (AV) position themselves to disrupt the automobile industry, LIDAR, the core technology used in self-driving cars, has become one of the hottest areas in which to invest…
LIDAR, which stands for Light Detection and Ranging, uses laser light pulses to map surroundings at the speed of light. Originally introduced by NASA, the technology is now used increasingly to control speed, braking, and safety systems in vehicles to accommodate sudden changes in traffic conditions and to avoid collisions.
As the AV revolution intensifies going forward, the lidar market is expected to expand more rapidly. Against this backdrop, many LIDAR technology developers are going public by merging with a special purpose acquisition companies (SPACs) to raise their market profiles, seeking industry leadership. We believe Luminar Technologies, Inc. (LAZR – Get Rating), Velodyne Lidar, Inc. (VLDR – Get Rating), Aeva Technologies, Inc. (AEVA – Get Rating) and Ouster, Inc. (OUST – Get Rating) are uniquely positioned to cash in on the AV revolution.
Based in Orlando, Florida, LAZR is a vehicle sensor and software company developing lidar sensors for autonomous vehicles. It operates through two segments, Autonomy Solutions and Other Component Sales. The company manufactures and sells lidar systems and autonomy software solutions for equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and other related industries.
Last month, the company teamed up with Zenseact to offer safe autonomous software to Volvo Cars and the automotive industry at large. LAZR’s newly introduced Sentinel product suite integrates Zenseact’s OnePilot autonomous driving software solution with the company’s own Iris lidar to provide Highway Autonomy and Proactive Safety in their vehicles.
In January, LAZR and Volvo Cars launched a curated dataset named Cirrus that consists of long range lidar data from Volvo Cars’ test and data collection fleet and features raw data from LAZR’s lidar sensors. This dataset is expected to…
Continue reading at STOCKNEWS.com