LG Electronic and AEye Announce Strategic Partnership to Address Sensing and Perception Needs of ADAS Market
January 08, 2019 at 04:00 pm
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LG Electronics (LG), and AEye, announced a strategic sales, co-development and manufacturing partnership to help automotive OEMs bring cutting-edge sensing and perception solutions to the ADAS and future autonomous driving markets. The partnership combines LG's extensive optics and manufacturing experience with AEye's revolutionary iDAR technology, bringing automotive grade, best-in-class Level 3 Autonomous Driving solutions to OEMs for SOP in 2022. LG is focused on delivering advanced vehicle components, establishing it as a trusted innovation partner to OEMs. By partnering with AEye, LG will meet and exceed automotive specifications for OEM customers and lead in the development and manufacturing of intelligent solutions that deliver performance at lowest cost.
In addition to this development and deployment partnership, AEye recently announced that LG became a major shareholder as part of its $40 million Series B round of financing. LG's Vehicle component Solutions company is a global Tier 1 supplier focused on smart, connected, intelligent driving and electrification solutions. With a longstanding history of delivering integrated and customized solutions across various industries, LG's global presence and manufacturing capabilities make them a desirable partner for the joint development of advanced driver assistance systems. Their proficiency in optics manufacturing, demonstrated by their mono and stereo camera solutions, provides a strong foundation for the production of AEye's iDAR.
AEye, Inc. is a provider of active lidar systems technology for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications. Its software-definable 4Sight Intelligent Sensing Platform combines solid-state active lidar, an optionally fused low-light high dimension camera, and integrated deterministic artificial intelligence to capture intelligent information. 4Sight Intelligent Sensing Platform enables the integration of various types of sensor inputs, including camera, lidar, and radar. 4Sight products are developed on this framework and incorporate both camera and lidar sensors. 4Sight Intelligent Sensing Platform includes 4Sight at Design, Triggered 4Sight, Responsive 4Sight and Predictive 4Sight. 4Sight at Design enables customers to create a single, deterministic scan pattern to deliver optimal information for any specific use case. 4Sight leverages a common architecture to create application-specific products across the automotive and industrial markets.
AEYE, INC. 
