Parties are collaborating in a multi-phase plan to assess Eye-Net’s technology as a potential ADAS system for the manufacturer’s vehicles Ness Ziona, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision solutions, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), has signed a three-way... Read more
PALO ALTO, Calif., July 18, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar safety technology for automotive and robotics applications, announced that they have been selected by Baidu, Inc. (NASDAQ: BIDU) to be the exclusive long-range lidar supplier for its next-generation robotaxi platform Yichi 06. Baidu is an internet tech giant who is also one of the world's largest... Read more
Foresight’s software will be evaluated for integration into the cameras and hardware currently installed in the manufacturer’s vehicles equipped with level 2 and level 3 autonomous driving features Ness Ziona, Israel, July 12, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing... Read more
Foresight's stereoscopic technology aims to enhance operational safety and vision perception for heavy machinery Ness Ziona, Israel, July 10, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of an agreement for a proof of concept (POC) project with BuilderX Robotics... Read more
MENLO PARK, Calif., July 9, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced the notice of allowance for a new patent for the Company's autonomous vehicle (AV) solutions. This patent introduces an adaptive decision making method designed to enhance how AVs operate in real-world environments in response to other detected objects. AVs rely on sensors to scan and... Read more
Foresight's 3D perception systems will be integrated into SUNAWAY’s autonomous logistics and robotic vehicles Ness Ziona, Israel, July 08, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of an amendment to an existing agreement with SUNWAY-AI Technology (Changzhou) Co.,... Read more
The agreement between the two companies adds short-range LiDARs into the OEM's L4 Autonomous Driving Platform TEL AVIV, Israel, June 26, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance automotive-grade LiDAR sensors and perception software, today announced a collaboration with an automotive OEM to advance its... Read more
The customer requested and ordered new add-ons on top of a $5 million contract with the company Ra’anana, Israel, June 25, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced today a follow-on order from one of its customers, a leading US-based rail and leasing services... Read more
Ra’anana, Israel, June 24, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced that it has received a notice of allowance from the Japan Patent Office for its innovative AI-based railway obstacle detection system. This achievement marks a significant milestone in Rail Vision's... Read more
Aeva 4D LiDAR Provides Faster and More Reliable Detection of Obstacles and Hazards Surrounding Train Tracks to Enable Safe Automation MOUNTAIN VIEW, Calif. / Jun 17, 2024 / Business Wire / Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that the sector initiative Digitale Schiene Deutschland has selected Aeva’s 4D LiDAR technology to support state-of-the-art... Read more
Ra’anana, Israel, June 14, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced the successful delivery and installation of its AI-driven Shunting Yard product to Loram, a leading US-based provider of railway track maintenance equipment and services. This installation fulfills... Read more
Ra’anana, Israel, June 10, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced the successful installation of its AI-driven ShuntingYard product for a class 1 freight rail US-based company. The North American Class 1 rail company will use the system on its locomotive for... Read more
JERUSALEM / Jun 10, 2024 / Business Wire / Mobileye Global Inc. (Nasdaq: MBLY) announced today the appointment of Elaine L. Chao to the Mobileye Global Inc. Board of Directors as an independent director, effective as of June 7, 2024. “It’s an honor to have former U.S. Secretary of Transportation and U.S. Secretary of Labor Elaine Chao join Mobileye’s board as an independent director,” said Patrick P. Gelsinger,... Read more
The joint project with KONEC, a leading Korean Tier One supplier, sponsored by Hyundai’s Foundation of Korea Automotive Parts Industry Promotion (KAP), aims to develop a conceptual autonomous driving vehicle using Foresight’s 3D perception technology Ness Ziona, Israel, May 29, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in... Read more
NESS ZIONA, Israel, May 28, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, today reported financial results for the first quarter of 2024. Key highlights: Initial revenues from collaborations with Elbit Systems Ltd. ("Elbit”) and SoftBank Corp. (Tokyo: 9434) (“SoftBank”) Focus on defense, industrial... Read more
Announced first-ever commercial installation of its AI-driven systems in a national railways line Achieved regulatory approval and certificate for railway operation in Europe Joined NVIDIA metropolis to boost railway safety Received order from a Class 1 US railroad company for its AI-based safety products Expanded USA footprint with a national distributer engagement for Rail Vision AI- driven railway system... Read more
Ra’anana, Israel, May 21, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced that it has received a notice of allowance from the United States Patent and Trademark Office for its innovative AI-based railway obstacle detection system. This patent outlines an advanced method for... Read more
Purpose designed and built for autonomy; the fully redundant truck will enable autonomous transport. GREENSBORO, N.C. / May 20, 2024 / Business Wire / Volvo Autonomous Solutions (V.A.S.) today unveiled Volvo’s first-ever production ready autonomous truck at the ACT Expo in Las Vegas. The Volvo VNL Autonomous brings together Volvo’s commercial vehicle expertise with industry-leading autonomous driving technology... Read more
Key development contract to jump-start execution of new OEM program SAN JOSE, Calif. / May 13, 2024 / Business Wire / Cepton, Inc. (“Cepton” or the “Company”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, has announced today that it has signed a significant Engineering Services Agreement (the “Agreement”) with its... Read more
SAN JOSE, Calif. / May 13, 2024 / Business Wire / Cepton, Inc. (“Cepton”) (Nasdaq ticker: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the first quarter 2024 ended March 31, 2024. “We started fiscal year 2024 with strong results in our commercial activities, securing a new series production award along with our tier 1... Read more
NVIDIA Jetson AGX Orin system-on-module is used to accelerate autonomous agriculture and heavy machinery projects Ness Ziona, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision solutions, has announced a major breakthrough with the development of Dragonfly Vision™, its cutting-edge 360-degrees 3D... Read more
Q1 2024 revenues of $7.1 million exceed previous guidance range of $5 -$6 million; reiterates full year 2024 operational targets TEL AVIV, Israel, May 8, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on... Read more
Record Product Shipments to Customers Including Daimler Truck On Track with Daimler Truck Program Milestones and Start of Production Timeline Strong Progress with Multiple Automotive RFQs, Including Completing Audit with a Global Top 10 Passenger OEM MOUNTAIN VIEW, Calif. / May 07, 2024 / Business Wire / Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its first... Read more
Powerful 3D point cloud simulation platform to expedite ADAS and AV development and reduce implementation costs for automotive customers SAN JOSE, Calif. / May 06, 2024 / Business Wire / Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, today announced the unveiling of its proprietary lidar... Read more
SHANGHAI, China and SANTA CLARA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Neusoft Reach Automotive Technology (Shanghai) Co., Ltd., a subsidiary of Neusoft specializing in intelligent vehicle technology, and Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, announced the establishment of a strategic partnership at the Beijing Auto Show. This cooperation is based on the strong resources and... Read more
Revenue decreased 48% year over year to $239 million in the first quarter due to the significant drawdown of inventory at our Tier 1 customers announced earlier this year. Diluted EPS (GAAP) was $(0.27) and Adjusted Diluted EPS (Non-GAAP) was $(0.07) in the first quarter. Inventory consumption and the expected quarterly cadence of EyeQTM SoC deliveries over the course of 2024 remains on-track with our... Read more
AV’s Autonomy Retrofit Kit (ARK) and AVACORE software deliver a suite of new single or multi-agent mission capabilities to autonomous systems ARLINGTON, Va. / Apr 23, 2024 / Business Wire / AeroVironment (AV) has introduced its Autonomy Retrofit Kit (ARK) and AVACORE software demonstrating the company’s commitment to advancing autonomy and machine learning capabilities to increase effectiveness of autonomous... Read more
Ultra-Compact High-Performance Long-Range Lidar Designed for ADAS Series Production Vehicles Intelligent Rain and Fog Identification PALO ALTO, Calif, April 22, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technologies for autonomous mobility systems, ADAS, and industrial robotics applications, today released its new ultra-wide field of view (FOV), long-range... Read more
Innoviz successfully completed an 18-day test in the harshest winter conditions, demonstrating the robustness and reliability of the InnovizTwo LiDAR and Perception Software TEL AVIV, Israel, April 18, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception... Read more
Latest generation of pioneering system-on-chip and software already set to enable safety and convenience in 46 million vehicles JERUSALEM / Apr 17, 2024 / Business Wire / Mobileye announced today it has delivered the first production-candidate hardware and software of its new EyeQ™6 Lite system-on-chip to its customers, which will power advanced driver-assistance systems in multiple models launching this year.... Read more
The patented technology is highly beneficial to Foresight’s key markets, particularly the heavy equipment industry, as the integration of thermal cameras ensures precise obstacle detection in challenging weather and dust-filled environments Ness Ziona, Israel, April 17, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced... Read more
Ra’anana, Israel, April 15, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, recently announced that as part of its marketing efforts in the US, it entered into a non- binding memorandum of understanding with a leading railway technologies company for the distribution of Rail Vision’s... Read more
Ra’anana, Israel, April 11, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced today that it has received an initial purchase order amounting to approximately $1 million as part of a contract valued at up to $5 million with a leading US-based rail and leasing services company that... Read more
Autonomous Vehicle Industry Leader Axel Gern Joins Aeva to Lead the COE and European Engineering Team MOUNTAIN VIEW, Calif. / Apr 09, 2024 / Business Wire / Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it is expanding its presence in Europe with a new Automotive Center of Excellence (COE) in Germany to support its growing momentum with automotive OEM... Read more
The customer is a large Class 1 freight rail company in the US Ra’anana, Israel, April 09, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, recently announced its latest achievement: securing an order for its innovative AI-powered Switch Yard System from a Class 1 freight rail company... Read more
CHANGSHA CITY, China and SANTA CLARA, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- SANY Group (SANY), a worldwide leader in the commercial vehicle industry, and Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, announced a strategic cooperation focused on advanced mobility solutions for the global market. SANY agreed to leverage Ambarella’s... Read more
Ra’anana, Israel, April 03, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced it has received an order for its AI-driven Switch Yard System from Loram, a leading US- based provider of railway track maintenance equipment and services. The order from Loram serves as a pilot... Read more
RA’ANANA, Israel, March 28, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development stage technology company seeking to revolutionize railway safety and the data-related market, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. “In 2023, while we faced challenges and were presented with new business... Read more
SAN JOSE, Calif. / Mar 28, 2024 / Business Wire / Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the fourth quarter and full year ended December 31, 2023. “We are building upon our extensive OEM project experience in commercializing automotive grade lidars, in collaboration with our tier 1... Read more
Alstom is a French multinational rolling stock manufacturer that operates in rail transport markets worldwide Ra’anana, Israel, March 26, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced it has received an approval from Alstom SA, a global leading rolling stock... Read more
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