General Motors Radar Lead Announced as Arbe's new Chief Radar Officer
Hello,
Spring has sprung, and we are thrilled to share another round of announcements and events!
Webinar Event: The Future of Automotive Technology Starts Now
Please join us on Thursday, April 7 at 11:00 am Eastern Time for The Future of Automotive Technology Starts Now, a webinar dedicated exclusively to Investors and Analysts.
This hour-long session will help you better understand the critical juncture the automotive industry is quickly approaching, and the role Imaging Radar will play in ensuring that the vehicles of the future are truly safe and autonomous.
The Wall Street Journal features Arbe CEO Kobi Marenko in 100 Israeli Tech Leaders You Need to Know
What an honor! A recent feature called “Eye on Israeli Tech,” highlighted how the startups of the Startup Nation are increasingly and successfully making the leap to scale their business. WSJ chose the top 100 Israeli leaders who are guiding their companies to greatness -- check out the list to see a familiar name!
Check out the full write up, here.
Welcome to Gonen Barkan, Arbe’s new Chief Radar Officer
In another exciting and recent addition, Arbe is thrilled to welcome Gonen Barkan, former GM Radar Lead, to the team as Chief Radar Officer. As CRO, Gonen will spearhead our technical strategy, lead product specifications and R&D execution.
In his eight years at GM, Gonen led a global team and was responsible for all aspects of radar technology development, product development, and integration, and he has experience engaging with the entire radar ecosystem, from startups through Tier 1s.
"I have been following Arbe from the early stages of the company and have admired their tremendous technological achievements," says Barkan. "Arbe is a proven market leader and I am excited to join the team on the journey of bringing true safety and autonomy to the automotive industry."
Read the full press release, here.
Arbe Files Its 2021 Annual Report
We have filed our Annual Report on Form 20-F for the fiscal year ended Dec. 31, 2021 with the U.S. Securities and Exchange Commission.
The report is available on the SEC’s website
New on our Blog: Looking Back to Get Ahead
We’ve already discussed the benefits of Imaging Radar at length (and don’t think we’ll stop any time soon!) But what happens when you turn the radar around? What benefits and challenges arise? And why would you do that in the first place? As it turns out, there are a host of reasons that rear-facing Imaging Radar is important for true safety and full autonomy.
Learn all about them, here.
Want to let us know your thoughts? Follow Arbe on LinkedIn and say hello!
Here’s to the road ahead,
Kobi Marenko
Co-Founder & CEO, Arbe
Cautionary Note Regarding Forward-Looking Statements
This communication and the material referred to in this communication contain certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words “expect,” “believe,” “estimate,” “intend,” “plan,” “anticipate,” “project,” “may,” “should,” “strategy,” “future,” “will,” “project,” “potential” and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, projections, estimates and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Statements that are not historical facts are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such statements include, but are not limited to, statements about our belief or expectation as to (i) our projection of revenue and other operating results, (ii) that we will be engaging with Tier 1 automotive suppliers and OEMs which would be building the radars based on our chipset solution, (iii) that radars are crucial to the automotive industry and will be deployed in nearly all new vehicles as a long range, cost-effective sensor with the fewest environmental limitations; (iv) that our radar chipset heralds a breakthrough in radar technology that will enable Tier 1 manufacturers and OEMs to replace the current radars with an advanced solution that meets the safety requirements of Euro-NCAP and NHTSA for autonomous vehicles at all levels of autonomous driving; (v) that a fully autonomous vehicle is seen as a potential solution for reducing the number of traffic accidents (due to the elimination of the “human element” from the equation), (vi) that automakers will choose to integrate advanced driver assistance systems (ADAS) based on several technologies simultaneously (radar, camera and LiDAR) and that it is likely that this trend will continue (vii) that our 4D imaging radar technology holds significant advantages over alternative technologies such as vision through cameras or LiDAR laser systems and over current-generation radar technologies that are on the market presently or have been announced for development; (viii) that our technology can scan a vehicle’s environment at an exceptionally high resolution in real-time, and identify objects and distinguish between them with great long-range accuracy and a wide field of vision, differentiates us and will enable us to successfully compete and develop and maintain a leadership position in our target markets; (ix) that our products will be competitively priced; (x) that our marketing strategy, primarily targeted at Tier 1 manufacturers, will foster cooperation with Tier 1 manufacturers to integrate our radar chipsets into their radar systems to be sold to OEMs; (xi) that outsourcing will provide us with a more secure path in production for quality control and reliability for automotive requirements and that our third party manufacturers will deliver a quality product in the quantity and based on the schedule we require; (xii) that certain operational or registration requirements for some autonomous functions will be removed as state regulators gain better experience with the technology; (xiii) that awareness among automakers and vehicle owners of the importance and benefits of installing ADAS (even in the absence of binding regulations) has increased, and that it is likely that in the future, the vast majority of new vehicles will be equipped with these systems; (xiv) that our radar chipset solution will make it possible to enable the launch of an autonomous vehicle and will be the primary sensor for autonomous driving in the retail market in tandem with a camera; (xv) that our existing infrastructure positions us to capitalize on regulatory changes pertaining to required installation of traffic accident prevention systems in general, and radar systems in particular; (xvi) that our system will significantly reduce accidents, and that our business will not be impaired by accidents caused by other technologies or human error; (xvii) that the automotive market, which experienced significant slowdown following the spread of the coronavirus (COVID-19) pandemic and a shortage of semiconductors, will resume growth during 2022; (xviii) that an increased demand for will develop for autonomous vehicles and the transition to mass production of Level 2 and higher autonomous vehicles, requiring advanced systems for automatically integrating vehicles in traffic and preventing traffic accidents, will increase the demand for products in our field of activity; (xix) that a requirement on the part of insurance companies to install radar systems as a condition for issuing insurance policies will increase the demand for our radar-based vehicles; (xx) that we will develop a second generation in a timely manner, including whether a second generation product will be developed; (xxi) whether a short-test of our radar-based Free Space Mapping reflects the performance of our product an extended basis under all weather conditions and terrain, (xxii) whether our business and the automotive industry in general will not be impacted by factors such as the COVID-19 pandemic and steps taken by governments to address the pandemic and international conflicts including the Russian invasion of Ukraine or any terrorist activities in Israel; (xxiii) the extent that our business and the automotive industry in general will be impacted by inflation and supply chain shortages. You should carefully consider the risk factors and uncertainties described in Item 3D “Risk Factors,” Item 5 Operating and Financial Review and Prospects” “Cautionary Note Regarding Forward-Looking Statements” and the additional risk described in our Form 20-F for the year ended December 31, 2021, as well as the other documents filed by Arbe with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
