Welcome to our dedicated page for Luminar Technologies news (Ticker: LAZR), a resource for investors and traders seeking the latest updates and insights on Luminar Technologies stock.
Luminar Technologies (LAZR) delivers cutting-edge LiDAR and sensor solutions powering the future of autonomous vehicles and advanced safety systems. This dedicated news hub provides investors and industry professionals with direct access to official company announcements and strategic developments.
Track all essential updates in one location, including product launch details, financial results, technology partnerships, and regulatory milestones. Our curated feed ensures you stay informed about LAZR's innovations in perception systems for automotive OEMs and emerging applications across transportation sectors.
Discover press releases covering sensor performance benchmarks, manufacturing expansions, and collaborations shaping next-generation mobility solutions. Bookmark this page for real-time insights into how Luminar's LiDAR technology addresses critical challenges in autonomous driving and industrial automation.
Luminar Technologies, Inc. (Nasdaq: LAZR) has announced the acquisition of OptoGration Inc., its exclusive InGaAs chip design partner. This strategic move secures key supply chain capabilities and integrates advanced technology into Luminar's fifth-generation lidar chip for its Iris sensor. With the ability to produce one million specialized InGaAs chips annually, and potential expansion to ten million, this acquisition bolsters Luminar's production capabilities. The deal is expected to close in Q3, without significantly impacting Luminar's cash position or share count.
Luminar Technologies (Nasdaq: LAZR) will release its second-quarter financial results on August 12, 2021, after market close. CEO Austin Russell and CFO Tom Fennimore will present a business update and discuss outlook during a video webcast at 2:00 p.m. PT. The webcast will also include a live Q&A session for investors. Luminar, a leader in automotive lidar technology, has secured partnerships with major automotive OEMs and signed noteworthy production agreements, including collaborations with Volvo Cars and Daimler Truck AG.
Luminar Technologies (Nasdaq: LAZR) has announced that its lidar technology will be standard in Volvo Cars’ upcoming fully electric flagship vehicle. This collaboration marks a significant step towards enhancing automotive safety, aiming to reduce crashes through advanced perception and autonomous features. The Volvo model, due for unveiling in 2022, will include Luminar's Iris and Sentinel solutions alongside NVIDIA DRIVE Orin™ technology. Over-the-air updates are expected to improve safety features continuously.
Luminar Technologies (Nasdaq: LAZR) launched its Blade concept at its first Studio Day in New York City, revealing a vision for the integration of autonomous technology in vehicles, including robo-taxis and trucks. The press event highlighted the Iris lidar system, set for series production with OEM partners by late 2022. Blade exemplifies a new vehicle architecture, merging design and functionality to enhance safety and autonomy in the automotive sector. Luminar aims to lead the market with its innovative approaches and partnerships with industry leaders like Volvo and Daimler.
On June 15 at 10 am ET, Luminar Technologies (Nasdaq: LAZR) will host Luminar Studio Day, showcasing its Iris autonomous sensing solution. The event, broadcasted live from NYC, marks the start of a coast-to-coast roadshow where attendees can experience Iris technology in a fully integrated vehicle. Luminar aims to enhance safety in autonomy for passenger cars, trucking, and robo-taxis. With over 50 industry partners, including Volvo and Daimler, Luminar is positioned as a leader in autonomous vehicle sensor and software innovation.
Luminar Technologies (Nasdaq: LAZR) announced the appointment of Jun Hong Heng and Dr. Shaun Maguire as independent directors to its Board, effective June 9, 2021. Heng, a seasoned finance expert, has been Luminar's largest monetary investor during its early stages. Maguire, a partner at Sequoia Capital, brings vast experience from leading investments in high-growth tech companies. Both directors are expected to provide strategic insights as Luminar continues its journey in the autonomous vehicle industry.
Luminar Technologies (Nasdaq: LAZR) is hosting a live webcast on June 15 at 10 am ET, featuring the launch of Iris, its advanced autonomous sensing solution, pivotal for the future of autonomy in vehicles. This event is part of a nationwide roadshow demonstrating Iris’s capabilities in enhancing safety for passenger cars, trucks, and robo-taxis. Attendees will have the chance to experience drives in Iris-integrated vehicles. Luminar has secured over 50 industry partnerships and made groundbreaking deals for autonomous vehicles with major automotive players.
Luminar Technologies (Nasdaq: LAZR) announced its membership in four influential automotive organizations: the Alliance for Automotive Innovation, CADIA, Auto-ISAC, and PAVE. This collaboration aims to enhance vehicle safety and promote autonomy in the automotive industry. CEO Austin Russell emphasized the importance of these organizations in shaping industry standards. Luminar has secured partnerships with over 50 industry players, including major automakers like Volvo Cars and Daimler Truck AG, and is committed to advancing its lidar technology for autonomous vehicles.
Luminar Technologies (NASDAQ: LAZR) has partnered with Celestica Inc. and Fabrinet to produce its Iris lidar technology in series. The company has launched its initial production line at Celestica's Monterrey facility, certified for automotive manufacturing. This strategic alliance aims to enhance manufacturing efficiency and scale for Luminar's lidar products, vital for the advancement of autonomous vehicle technologies. The partnership signifies a substantial step forward in Luminar's production capabilities, which are essential for meeting the demand from over 50 industry partners, including top automakers.
Luminar Technologies (NASDAQ: LAZR) announced a positive quarterly business update for Q1 2021, emphasizing its commitment to achieving 2021 goals. Major milestones include the production of its Iris lidar units in partnership with Celestica and Fabrinet, and advancements in its Sentinel software in collaboration with Zenseact. The company secured new partnerships, such as with Airbus UpNext for autonomous aviation and Pony.ai for urban autonomous driving. Overall, Luminar remains on track to exceed its key milestones in product development and commercial adoption.
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