AEye Announces Partnership with Leading Automotive Electronics and Vision Solutions Provider, LITEON [Yahoo! Finance]
AEye, Inc. - Class A (LIDR)
Company Research
Source: Yahoo! Finance
announced that the non-binding Letter of Intent ("LOI") announced in March is with LITEON Technology Corporation and is intended to provide AEye with a customer channel and industrialization partnership. Both companies will work together to supply AEye's 4Sight™-based lidar products to automotive original equipment manufacturers ("OEMs") who are focused on safety through automotive Advanced Driver Assistance Systems ("ADAS"). This is a logical collaboration as AEye continues to focus on its unique capital light business model, which leverages automotive Tier 1 partnerships to deliver AEye's lidar solutions to OEMs through world-class pipelines. Matt Fisch, AEye CEO, said, "We believe that LITEON is an ideal partner for us. Their innovative spirit, vast experience in providing solutions to the automotive ADAS market, combined with their cutting-edge industrialization capability will enable us to provide the industry's leading long-range lidar solutions at a very competitive cost to o
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LIDR
News
- NTRB, AERT and SPWR among mid-day movers [Seeking Alpha]Seeking Alpha
- AEye announces partnership to bring Lidar solutions to China [Seeking Alpha]Seeking Alpha
- AEye, Accelight Technologies, and LighTekton Co. Announce Partnership to Bring Lidar Solutions to China [Yahoo! Finance]Yahoo! Finance
- AEye Reports First Quarter 2024 ResultsBusiness Wire
- AEye, Accelight Technologies, and LighTekton Co. Announce Partnership to Bring Lidar Solutions to ChinaBusiness Wire
LIDR
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- LIDR's page on the SEC website