Welcome to our dedicated page for Arbe Robotics news (Ticker: ARBE), a resource for investors and traders seeking the latest updates and insights on Arbe Robotics stock.
Arbe Robotics Ltd. (ARBE) delivers breakthrough 4D imaging radar systems that redefine vehicle perception for autonomous driving and advanced safety solutions. This news hub provides investors and industry professionals with authoritative updates on Arbe's technological advancements, strategic partnerships, and market developments.
Access real-time press releases covering product innovations, OEM collaborations, financial disclosures, and regulatory milestones. Our curated collection ensures you stay informed about critical developments in radar resolution improvements, ADAS integration projects, and global expansion efforts.
Key updates include earnings reports, technology patent announcements, manufacturing partnerships, and industry recognition awards. Bookmark this page for direct access to Arbe's official communications, enabling informed analysis of their position in the competitive automotive sensor market.
Arbe Robotics (NASDAQ, TASE: ARBE), a leader in Perception Radar Solutions, has announced a proposed public offering of ordinary shares with accompanying Tranche A and B Warrants to purchase ordinary shares. The company may also offer pre-funded warrants in lieu of ordinary shares. Canaccord Genuity will serve as the sole bookrunner for the offering. The net proceeds will be used for working capital and general corporate purposes. The offering is subject to market conditions, with no guarantee of completion or final terms.
Arbe Robotics (NASDAQ: ARBE) announced that its Tier 1 partner, HiRain Technologies, is developing an ADAS system for a Chinese automaker using Arbe's chipset. The system will integrate camera and radar fusion, replacing LiDAR while maintaining the same quality and functionality. The ADAS system is expected to enter serial production by Q4 2025, pending OEM approval.
HiRain Technologies is utilizing data collected from a vehicle fleet equipped with LRR610 Imaging Radars, developed using Arbe's chipset. The radars leverage ultra-high resolution capabilities, optimizing sensor fusion and perception. Arbe's chipset includes a 48x48 channel array, powering HiRain's LRR610 with high resolution in azimuth and elevation, delivering a dense point cloud for detailed imaging.
Arbe Robotics (NASDAQ: ARBE) announced that its tier-1 partner, Sensrad, has signed a framework agreement with Tianyi Transportation Technology to provide 4D Imaging Radars powered by Arbe's chipset. The deal, valued at an estimated 7 million euros, follows a year-long evaluation process, with deliveries expected to begin in Q3 2024.
This marks Sensrad's first commercial contract, representing a significant milestone for the company. The 4D Imaging Radar utilizes Arbe's advanced chipset technology and Gapwaves' proprietary waveguide antenna technology. Sensrad has reported multiple customer engagements for this product in 2024, indicating growing market interest in Arbe's radar solutions.
Arbe Robotics (Nasdaq: ARBE) announced Q2 2024 financial results, highlighting key achievements and future outlook. The company's chipset was selected by a top ten OEM for next-generation imaging radar development, and Arbe is collaborating with a prominent European truck manufacturer. Q2 2024 revenues were $0.4 million, up from $0.3 million in Q2 2023. Operating loss decreased to $11.6 million from $12.6 million in Q2 2023. Arbe issued convertible debentures totaling approximately $30 million to bolster cash reserves. The company maintains its goal of achieving 4 design-ins with automakers and expects 2024 annual revenues to be in line with 2023, followed by growth in 2025. Adjusted EBITDA for 2024 is projected to be between ($30) million to ($36) million.
Arbe Robotics (Nasdaq,TASE: ARBE), a global leader in Perception Radar Solutions, has announced its participation in two major investor conferences in August 2024. The company will be present at:
1. J.P. Morgan 2024 Auto Conference in New York City on August 7, featuring an in-person fireside chat at 12:50 pm ET and meetings.
2. Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago on August 27, with in-person meetings scheduled.
The J.P. Morgan fireside chat will be available on Arbe's investor relations website post-conference. Investors can schedule meetings with Arbe's management through JP Morgan or Jefferies representatives or by emailing investors@arberobotics.com.
Arbe Robotics (NASDAQ: ARBE) (TASE: ARBE), a global leader in Perception Radar Solutions, has announced its Q2 2024 financial results conference call scheduled for August 6, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results before the market opens on the same day. Kobi Marenko, Co-Founder and CEO, and Karine Pinto-Flomenboim, CFO, will be speaking at the event.
Interested parties can access the live call via telephone or webcast. A replay of the conference call will be available until August 20, 2024. Participants are encouraged to pre-register for the call using the provided link, which offers immediate access upon registration.
Arbe Robotics (Nasdaq: ARBE) announced a collaboration with a top European truck manufacturer to integrate its advanced imaging radar technology into the manufacturer's next-generation sensor suite. This partnership aims to enhance truck safety by addressing size and braking challenges while operating under various weather and lighting conditions. Arbe's radar, known for its large channel array, supports Level 4 autonomous driving and provides functionalities such as perception enhancement and free space mapping. Extensive field trials have proven the radar's superiority over lidar and conventional radar. The European manufacturer will now install Arbe's radar in its trucks for the next phase of development.
Arbe Robotics (Nasdaq: ARBE), a leader in Perception Radar solutions, announced that a top ten global OEM has chosen its chipset for developing next-gen imaging radar for serial production. This decision follows extensive technical evaluations and field tests, signaling significant commercial potential and accelerated market entry.
This collaboration is expected to boost Arbe's sales and market share, underpinning its technological leadership. Production preparations will commence immediately, highlighting a important growth milestone for Arbe's radar technology across various vehicle classes.
Arbe Robotics, a global leader in perception radar solutions, announced the issuance of convertible debentures raising approximately $30 million (NIS 110,000,000). The debentures, listed on the Tel Aviv Stock Exchange (TASE) as of June 6, 2024, carry an annual interest rate of 6.5% and mature on May 30, 2028. They are convertible into Arbe's ordinary shares at NIS 9.53 ($2.60) per share. Proceeds are held in escrow and will be released upon meeting specific conditions by March 31, 2025, including being selected as a sole supplier by a major automobile manufacturer and maintaining an average trading price of at least $3.10 on Nasdaq. The deed of trust detailing the debentures' terms will be filed with the U.S. SEC.
Arbe Robotics announced its participation in upcoming investor conferences in June 2024. The company, a leader in perception radar solutions, will join the Maxim Automotive Panel on June 4, 2024, at 11:00 am ET for a virtual discussion titled 'Charting the Course: Navigating the Intersection of TMT and Business in the AI Era'. Additionally, Arbe will attend the ROTH London Conference on June 26, 2024, for in-person meetings. The virtual panel can be accessed live via M-Vest, with a replay available for a time. Investors interested in meetings can contact Arbe's sales team or email investors@arberobotics.com for more information.
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