TEL AVIV, Israel, Aug. 30, 2023 /PRNewswire/ — Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar Solutions, announced today that it will be providing a live, in-vehicle demo of its perception radar at the IAA Conference Sept. 5-10. Arbe’s perception radar revolutionizes automotive sensing with an affordable, ultra-high-resolution sensor that delivers high-level performance in all environments, weather and lighting conditions, providing an unmatched level of safety to the market.
This is the first radar that can truly enrich perception algorithms, enhancing secured operation in all driving scenarios. Arbe’s technology has transformed radar as a sensor by infusing it with capabilities that were previously not compatible with radar. Thanks to Arbe’s perception radar, the functionality of the radar has been changed forever, as the Company provides the automotive industry with a unique sensor that is affordable to deploy in all ADAS and autonomous vehicles.
What: Live in-vehicle demo of Arbe’s Perception Radar at IAA https://arberobotics.com/IAA2023
Why: Over the next five years, we anticipate most vehicles will be in stage L2+ autonomy. Cars will become increasingly dependent on software, and we will see a greater emphasis on future-proofed hardware that can easily be upgraded to support new safety and comfort features. As a result, we anticipate a growing demand for advanced solutions like Arbe’s perception radar, which can help prevent accidents and create a more enjoyable driving experience at an affordable price for all vehicles, not just luxury ones.
Who: Meet with CEO Kobi Marenko
When: Sept. 5-7, 2023
Where: Messe Munich Exhibition Center, Hall B2, Booth A10
Contact: Interested investors who would like to schedule an on-site meeting with management are invited to contact us at [email protected] or email Miri Segal at [email protected].
About Arbe
Arbe (Nasdaq: ARBE), a global leader in Perception Radar Chipset Solutions, is spearheading a radar revolution, enabling truly safe driver-assist systems today while paving the way to full autonomous-driving. Arbe’s imaging radar is 100 times more detailed than any other radar on the market and is a mandatory sensor for L2+ and higher autonomy. The company is empowering automakers, tier-1 suppliers, delivery robots, commercial and industrial vehicles, and a wide array of safety applications with advanced sensing and paradigm-changing perception. Arbe is a leader in the fast-growing automotive radar market that has a projected total addressable market of $11 billion in 2025. Arbe is based in Tel Aviv, Israel, and has an office in the United States.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain “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. These forward-looking statements include, but are not limited to, statements about the Company’s expectations regarding the closing of the offering and timing thereof, and the expected gross proceeds of the offering. These statements, and other statements including the words “expect,” “believe,” “estimate,” “intend,” “plan,” “anticipate,” “may,” “should,” “strategy,” “future,” “will,” “project,” “potential” and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties, including the risk and uncertainties described in “Cautionary Note Regarding Forward-Looking Statements,” “Item 5. Operating and Financial Review and Prospects” and “Item 3. Key Information –Risk Factors” Arbe’s Annual Report on Form 20-F/A for the year ended December 31, 2022, which was filed with the Securities and Exchange Commission on May 16, 2023, as well as 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 Arbe does 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.
Information contained on, or that can be accessed through, Arbe’s website or any other website is expressly not incorporated by reference into and is not a part of this press release.
SOURCE Arbe
