Luminar Increases Guidance; Accelerating Deals
Gores Metropoulos, Inc. - Unit (GMHIU)
Company Research
Source: Business Wire
New deals and increased volume lead to estimated $1.3B Order Book by year end, up from $1B target LOS ANGELES--(BUSINESS WIRE)--Gores Metropoulos, Inc. (“Gores Metropoulos”) (Nasdaq: GMHI, GMHIU, GMHIW), a special purpose acquisition company, announced today that Luminar Technologies, Inc. (“Luminar”), the global leader in automotive lidar and software technology powering the introduction of highway autonomy, with which Gores Metropoulos has signed a definitive Merger Agreement, has announced a number of major business updates and milestones.Luminar OEM Programs Accelerating to ProductionLuminar’s partnership with the largest global truck OEM to pursue a common goal of bringing series produced, highly automated trucks (SAE L4) to roads globally accelerates Luminar’s leadership position in trucking autonomy; now partnered with nearly all major programs for long-haul highway automationLuminar is engaged with 50% more OEM programs for series production deals to be awarded over next 24
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