Milestone Alerts! Customer progress and industry recognition
Hello!
We simply love to share good news with you. With two exciting announcements from the Chinese automotive arena and a major award win, we have a lot to celebrate!
BAIC Announces HiRain Radar Systems Based on Arbe Chipset Expected to Be Installed in Mass-Produced Models
We are thrilled to announce that, according to Chen Jian, Deputy General manager for BAIC Group, in a statement he delivered in the 2021 Auto Capital Forum, BAIC Group is actively deploying the intelligent driving value chain through industrial investment. To that end, they have invested in Arbe, and the next-generation radar developed by Arbe and HiRain is expected to be installed gradually on BAIC Group's mass-produced models, after the radar systems’ mass production.
Check out the press release for more details!
Weifu Has Started Shipping Arbe-Based Automotive Radar Units for Customer Pilots, Declaring They Are on Track to Reach Full Production by the End of 2022
It is a big day for the Chinese automotive industry and for Arbe, as Weifu High-Technology Group, a major tier 1 supplier, launches its customer road pilot phase of its Arbe-based Radar Systems. Weifu is manufacturing complete radar systems using Arbe’s Imaging Radar Chipset and delivering them to leading autonomous driving companies and major automotive OEMs. Weifu is scheduled to be in full production by the end of 2022.
Read the full press release here.
Frost & Sullivan Recognizes Arbe With the 2021 Europe New Product Innovation Award
We are delighted to have been chosen as the recipient of the Frost & Sullivan 2021 Europe New Product Innovation Award, presented each year to the company that develops an innovative element in a product by leveraging leading-edge technologies.
Frost & Sullivan was particularly impressed with the ways Arbe’s 4D Imaging Radar technology outperforms LiDAR and traditional radar in challenging weather and lighting conditions, and noted how customer-focused product developments like our “integrate anywhere” design means Arbe “continues to make critical strides toward the future.”
We invite you to read the complete F&S report here!
Equity Research Updates
- On November 2, Gary Mobley of Wells Fargo initiated coverage on Arbe.
- On October 19, Joshua Buchalter and Matthew Ramsay of Cowen and Company initiated research coverage on Arbe.
- On October 15, Suji Desilva of Roth Capital Partners initiated research coverage on Arbe.
As always, we would love to hear from you!
Here’s to the road ahead,
Kobi
