Arbe Chipset Empowers HiRain's LRR610 4D Imaging Radar Systems Set for Mass Production by the End of 2024

Rhea-AI Summary

Arbe Robotics Ltd. announces HiRain Technologies' plan to begin mass production of state-of-the-art 4D Imaging Radars by the end of 2024. HiRain will embark on a rigorous data collection phase, covering 1 million kilometers using a vehicle fleet equipped with LRR610 Imaging Radars, powered by the Arbe chipset. The initiative aims to optimize the fusion and perception system for key automotive safety and comfort features.

Market Research Analyst

The announcement from HiRain Technologies regarding the mass production of the 4D Imaging Radars by the end of 2024 represents a significant advancement in the automotive technology sector. The collaboration with Arbe Robotics and the commitment to collecting extensive real-world data (1 million kilometers) demonstrates a strategic move to refine and validate the technology. This development could potentially disrupt the market by setting a new standard for vehicle safety and autonomy features.

From a market perspective, the successful production and adoption of such advanced radar systems could lead to increased market share and revenue growth for both HiRain and Arbe. Investors might view this as a positive indicator of future performance, given the escalating demand for safety features in vehicles. However, it is important to monitor the execution of the production ramp-up and the market's response to the product's launch.

Automotive Industry Analyst

The technical specifications of HiRain's LRR610 Imaging Radar, such as the wide field of view and long-range detection, place it at the forefront of radar technology for autonomous driving systems. The emphasis on 'True Imaging' radar excellence suggests a competitive edge in terms of resolution and reliability, which are critical for the adoption of autonomous features in vehicles.

For stakeholders in the automotive industry, the introduction of such a high-performance radar system could accelerate the development of Level 3 and above autonomous vehicles. It is essential to consider the potential impact on automotive safety standards and regulatory requirements, as these factors could influence the speed at which this technology is integrated into production vehicles.

Financial Analyst

The partnership between HiRain Technologies and Arbe Robotics, highlighted by the upcoming mass production of the LRR610 Imaging Radar, has potential implications for the financial performance of both companies. The market for advanced driver-assistance systems (ADAS) and autonomous driving technologies is rapidly expanding and being at the forefront of such innovations could lead to significant financial gains.

Investors should evaluate this development in the context of the broader industry trends and competitive landscape. The ability to deliver a product that meets the high expectations for performance and reliability will be crucial for market acceptance and can drive investor confidence. As such, the financial health and R&D investment strategies of both companies should be closely monitored to assess the potential return on investment.

HiRain Gears Up for 1 Million Kilometers of Data Collection with the LRR610 Imaging Radar

TEL AVIV, Israel, Jan. 25, 2024 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar Solutions, today announces that its tier 1, HiRain Technologies, a leading provider of intelligent driving solutions to car manufacturers in China, has announced that it will begin the mass production of state-of-the-art 4D Imaging Radars by the end of 2024. HiRain recently reached a significant milestone in this journey with the successful development of a high-performance B-sample (a production intent system design).

HiRain is currently positioned to embark on a rigorous data collection phase, with plans to cover 1 million kilometers using a vehicle fleet equipped with LRR610 Imaging Radars, powered by the Arbe chipset. This development initiative is designed to optimize the fusion and perception system, which enables key automotive safety and comfort features.

"HiRain's LRR610 4D Imaging Radar, powered by Arbe's cutting-edge chipset, is set to revolutionize autonomy and safety," said Chengjian Fan, EVP and CTO of Hirain. "As we prepare for mass production by the end of 2024, our commitment to shaping the future echoes in every kilometer covered, paving the way for a new era of intelligent driving. Together, HiRain and Arbe are advancing innovation, ensuring 'True Imaging' radar excellence."

"HiRain's progress towards mass production in 2024, in collaboration with Arbe, reinforces our shared commitment to transforming automotive safety through innovative radar technology," said Kobi Marenko, Chief Executive Officer of Arbe. "The anticipated escalating demand for HiRain's 4D Imaging Radar systems is a testament to the high-quality, reliable technology both companies are delivering to the industry."

Leveraging Arbe's chipset extensive channel array of 48 transmitting (Tx) and 48 receiving (Rx) channels, HiRain's LRR610 boasts ultra-high-resolution in both azimuth and elevation, that results in a dense point cloud that delivers exceptional imaging. The advanced imaging radar excels in detecting and tracking many objects, earning it the distinction of a "True Imaging" radar.

HiRain's LRR610 Imaging Radar Features:

• Wide Field of View: 120° (Azimuth) × 30° (Elevation) coverage delivers comprehensive monitoring of multiple lanes and surrounding environments.
• Long-Range Detection: With a reach exceeding 350 meters, the LRR610 ensures the early detection of vehicles and obstacles ahead, enhancing overall driving safety.
• High Resolution and Dynamic Range: Enables accurate separation of a variety of targets, distinguishing a motorcycle near a truck or a pedestrian near a fence.
• All-Weather Reliability: Resilient to weather conditions, the LRR610 operates seamlessly in rain, snow, and fog, assuring consistent performance regardless of environmental challenges.

For more information on HiRain's recent announcement, please visit HiRain 4D Imaging Radar was unveiled at CES 2024.

About Arbe

Arbe (Nasdaq: ARBE), a global leader in Perception Radar Solutions, is spearheading a radar revolution, enabling truly safe driver-assist systems today while paving the way to full autonomous-driving. Arbe's radar technology is 100 times more detailed than any other radar on the market and is a critical sensor for L2+ and higher autonomy. The company is empowering automakers, Tier-1 suppliers, autonomous ground vehicles, commercial and industrial vehicles, and a wide array of safety applications with advanced sensing and paradigm changing perception. Arbe, a leader in the fast-growing automotive radar market, is based in Tel Aviv, Israel, and has offices in China, Germany, and 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, the performance of and demand for HiRain's product which includes the Arbe chipset and the timing of any sales and Arbe's and HiRain's other suppliers' ability to meet HiRain's timing. 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 resulting from the October 7^th attack upon Israel, conflicts and potential conflicts involving Israel, as well as market acceptance of Arbe's radar processor and Arbe's radar processor performing in the manner which Arbe anticipates, and other risks described in "Cautionary Note Regarding Forward-Looking Statements," "Item 5. Operating and Financial Review and Prospects" and "Item 3. Key Information –Risk Factors" Amendment No. 2 to 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 and any press release issued by HiRain are expressly not incorporated by reference into and is not a part of this press release.

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SOURCE Arbe

FAQ

What is the significance of HiRain Technologies' announcement for Arbe Robotics Ltd.?

HiRain Technologies' plan to begin mass production of 4D Imaging Radars with Arbe's chipset reinforces their commitment to transforming automotive safety through innovative radar technology.

What are the key features of HiRain's LRR610 Imaging Radar?

The LRR610 boasts a wide field of view, long-range detection, high resolution and dynamic range, and all-weather reliability, ensuring comprehensive monitoring and early detection of vehicles and obstacles, accurate separation of targets, and seamless operation in various weather conditions.

Where can I find more information about HiRain's recent announcement?

For more information on HiRain's recent announcement, please visit HiRain 4D Imaging Radar was unveiled at CES 2024.