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Stock impact report

 Luminar Accelerates Commercial Momentum With Mobileye Design Win

Gores Metropoulos, Inc. - Unit (GMHIU)  More Company Research Source: Business Wire
PDF  The leader in automotive ADAS chooses the leader in lidar technology for level 4 autonomy solutions PALO ALTO, Calif.--(BUSINESS WIRE)--Luminar Technologies, Inc. (“Luminar”), the global leader in automotive lidar hardware and software technology, which is currently in the process of becoming a public company through its expected merger with Gores Metropoulos, Inc. (Nasdaq: GMHI, GMHIU, GMHIW), a special purpose acquisition company, has struck a deal with Mobileye, an Intel company, to supply Luminar lidar for the company’s Autonomous Vehicle (AV) Series solution in its next phase of driverless car development and testing.As part of the agreement, Mobileye will collaborate with Luminar to use its lidar for the first generation of its level 4 Mobility-as-a-Service (MaaS) pilot and driverless fleet in key markets around the world, including Tel Aviv, Israel; Dubai, UAE; Paris, France; and Daegu City, South Korea.Luminar’s technology will be used to enable Mobileye’s TRUE REDUNDANCY™ [Read more]
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