AEye Advisory Board Profile: Scott Pfotenhauer

We sat down with each of our Advisory Board Members to ask them about their vision for the future of self-driving cars…
Mr. Pfotenhauer began his career at Intel in the mid 1970’s and has since been involved with numerous technology companies. Since joining Morgan Stanley in 1996, he developed and leveraged an expansive network of investment banking and wealth management resources to help clients formulate exit strategies for their businesses. He is a Senior Investment Management Consultant with Morgan Stanley, advising private client and corporate executives. Pfotenhauer obtained both a BA and MBA in Business from California Coast University.

Q: Where do you see ADAS solutions, autonomous vehicles, and/or artificial perception, heading within the next few years? The next decade? Beyond?
I was fortunate enough to work for Intel from the mid 70’s to the mid 90’s — and participated in the advent of desktop and mobile computing, which had their foundation on Intel products.

In the last 25 years, I’ve continued to look around the corner to try and spot the next “big thing”. We now have the advanced computing tools that allow companies to apply Artificial Intelligence (AI) within their decision making and take advantage of big data. These trends converge around the auto industry and its next inflection points — EVs and autonomy.

Q: What do you see as the next logical step for the auto industry?
When I think about the auto industry, it’s remarkable how many inflection points it has gone through. The internal combustion engine of 1876 made cars feasible, while mass production which began in the early 1900’s made them affordable. The starter engine of 1912 rendered hand cranks obsolete, and then the first transcontinental highway in 1913 opened up the nation. The pickup truck of the early 1930’s made the vehicle more functional, while the automatic transmission, power steering, and braking of the 40’s and 50’s made it easier and safer for just about anyone to drive.

Seat belts, anti-lock brakes, and airbags increased the safety, while GPS and maps made us all more efficient. Now we have begun the climb up the 5 levels of automation — we won’t get anywhere without a complete set of artificial eyes — that are always on, don’t blink, don’t get distracted, or won’t tire.

AEye Advisory Board Profile: Scott Pfotenhauer — AEye Advisory Board Profile: Elliot GarbusAEye Advisory Board Profile: Tim ShipleThe Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a HumanThe Future of Autonomous Vehicles: Part II – Blind Technology without Compassion Is RuthlessDeconstructing Two Conventional LiDAR MetricsAEye’s iDAR Shatters Both Range and Scan Rate Performance Records for Automotive Grade LiDARElon Musk Is Right: LiDAR Is a Crutch (Sort of.)AEye’s iDAR Leverages Biomimicry to Enable First Solid State Lidar with 100Hz Scan RateBlair LaCorte Named President of AEyeFutureCar Provides an In-Depth Look into How AEye’s AI-Based Perception System Can Become the ‘Eyes’ of Self-Driving Cars

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Quantum Computing

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GRAMMER AG – Lower revenues due to weaker OEM sales and transaction costs impact result in the 3rd quarter of 2018 – adjustment of full-year outlook necessary

15. Oktober 2018
GRAMMER AG – Umsatzrückgang aufgrund Absatzschwäche der Pkw-Hersteller und Transaktionskosten belasten Ergebnis im dritten Quartal – Anpassung der Gesamtjahresprognose erforderlich Veröffentlichung einer Insiderinformation gemäß Art. 17 MAR
GRAMMER AG (WKN 589540, ISIN DE0005895403)

GRAMMER AG – Umsatzrückgang aufgrund Absatzschwäche der Pkw-Hersteller und Transaktionskosten belasten Ergebnis im dritten Quartal – Anpassung der Gesamtjahresprognose erforderlich

Amberg, 15. Oktober 2018 – Auf Grund des gegen Ende des dritten Quartals anhaltenden Umsatzrückgangs im Automotive-Bereich, ausgelöst durch die verstärkte und sich weiter fortsetzende Absatzschwäche vor allem im europäischen Pkw-Markt, wird das Konzernumsatzziel für das Gesamtjahr 2018 (1,85 Milliarden Euro) voraussichtlich um mindestens 50 Millionen Euro verfehlt werden.
Nach ersten, vorläufigen Ergebnissen für das dritte Quartal ist die erwartete saisonale Belebung nach dem Ende der Sommerferien im September im Automotive-Bereich nicht erfolgt, so dass die Umsatz- und operative Ergebnisentwicklung in diesem Bereich das Konzernergebnis von Grammer negativ beeinträchtigt hat. Damit wird das operative Konzernergebnis vor Zinsen und Steuern (operatives EBIT) im Zeitraum Januar bis September 2018 mit rund 57 Millionen Euro den Vorjahreswert von 58,6 Millionen Euro knapp unterschreiten.
Zudem fielen im GRAMMER Konzern typische einmalige Transaktionskosten im Zusammenhang mit der Übernahme der Gesellschaft durch ein verbundenes Unternehmen des strategischen Partners Ningbo Jifeng im dritten Quartal an.
Insgesamt wird daher das kumulierte Konzernergebnis vor Zinsen und Steuern (EBIT) im Zeitraum Januar bis September 2018 mit rund 27 Millionen Euro den entsprechenden Vorjahreswert von 45,8 Millionen Euro erheblich unterschreiten. Ausgelöst durch das negative Konzernergebnis im dritten Quartal erwartet das Unternehmen daher, dass das Konzern-EBIT im Gesamtjahr 2018 deutlich unterhalb des Gesamtjahres-EBIT des Vorjahres von 66,5 Millionen Euro und damit auch unterhalb der aktuellen Gesamtjahresprognose liegen wird.
Eine neue Umsatz- und Ergebnisprognose wird das Unternehmen im Rahmen der Q3-Berichterstattung am 13. November 2018 veröffentlichen.

Grammer AG
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