Apollo Now Fully Integrated into NVIDIA’s Autonomous Driving Platform, Paving the Way for Significant Growth

PLEASANTON, Calif.--(BUSINESS WIRE)-- AEye, Inc. (Nasdaq: LIDR), a pioneer in high-performance lidar technology, announced today that its flagship Apollo lidar has been fully integrated by NVIDIA into their DRIVE AGX platform, a critical part of NVIDIA’s highly touted autonomous vehicle ecosystem.

NVIDIA’s designation gives AEye direct access to a global network of top-tier automakers who are currently working with NVIDIA to implement self-driving and next-generation driver assistance technologies. It’s a major step toward getting AEye’s technology into millions of passenger vehicles in the coming years.

AEye CEO Matt Fisch commented, “We are thrilled to now be officially certified as a part of NVIDIA’s DRIVE AGX platform, a strong validation of Apollo’s best-in-class capabilities. Apollo’s industry-leading 1-kilometer range and compact form factor make it a standout solution across every market we serve. Now that Apollo is a part of the NVIDIA DRIVE ecosystem, we have a powerful channel to scale commercially across the automotive industry.”

He added, “AEye’s lidar is software-defined, meaning it can be updated and improved over time without replacing the hardware. This feature fits perfectly into how vehicles are being built today: smarter, more connected, and designed to evolve over the life of the car. Our integration with NVIDIA DRIVE AGX positions AEye as a key player in the future of global mobility. I expect to provide more details on our earnings call scheduled for July 31. Moreover, in the coming days, we plan to share more about our newest offering, OPTIS – a complete physical AI solution designed to address the future of smart transportation, safety, and security beyond automotive.”

About Apollo

Apollo is the first product in AEye’s 4Sight™ Flex next-generation family of lidar sensors and delivers best-in-class range and resolution in a small, power-efficient, low-cost form factor. Apollo supports options for integration behind the windshield, on the roof, or in the grille, which enables OEMs to implement critical safety features with minimal impact to vehicle design. Apollo is believed to be the only 1550 nm high-performance lidar capable of behind the windshield integration and capable of detecting vehicles and other objects at distances beyond one kilometer.

About AEye

AEye’s unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility. AEye’s 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye’s 4Sight™ products, built on this platform, are ideal for dynamic applications which require precise measurement imaging to ensure safety and performance.

Forward-Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as “believe,” “continue,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “predict,” “plan,” “may,” “should,” “will,” “would,” “potential,” “seem,” “seek,” “outlook,” and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. 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. Forward-looking statements in this press release include, without limitation, statements about the potential benefits to AEye of the integration of Apollo into the NVIDIA DRIVE AGX platform, including AEye’s access to top-tier automakers and a channel to scale commercially across the automotive industry, among others. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the control of AEye. Many factors could cause actual future events to differ from the forward-looking statements in this press release, including but not limited to: (i) the risks that automakers may not work with NVIDIA to implement self-driving or next-generation driver assistance technologies to the extent anticipated, or at all; (ii) the risks that AEye’s technology may not be integrated into passenger vehicles to the extent or in the time frame anticipated, or at all; (iii) the risks that the NVIDIA DRIVE ecosystem may not provide a powerful channel to scale commercially across the automotive industry to the extent anticipated, or at all; (iv) the risks that our integration with NVIDIA DRIVE AGX may not position AEye as a key player in the future of global mobility to the extent anticipated, or at all; (v) the risks that lidar adoption may occur slower than anticipated or fail to occur at all; (vi) the risks that AEye’s products may not meet the diverse range of performance and functional requirements of target markets and customers; (vii) the risks that AEye’s products may not function as anticipated by AEye, or by target markets and customers; (viii) the risks that AEye may not be in a position to adequately or timely address either the near or long-term opportunities that may or may not exist in the evolving autonomous transportation industry; (ix) the risks that laws and regulations are adopted impacting the use of lidar that AEye is unable to comply with, in whole or in part; (x) the risks associated with changes in competitive and regulated industries in which AEye operates, variations in operating performance across competitors, and changes in laws and regulations affecting AEye’s business; (xi) the risks that AEye is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities; and (xii) the risks of economic downturns and a changing regulatory landscape in the highly competitive and evolving industry in which AEye operates. These risks and uncertainties may be amplified by current or future global conflicts and current and potential trade restrictions, trade tensions, and tariffs, all of which continue to cause economic uncertainty. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the periodic report that AEye has most recently filed with the U.S. Securities and Exchange Commission, or the SEC, and other documents filed by us or that will be filed by us from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.

Investors are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. AEye gives no assurance that AEye will achieve any of its expectations.

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Investor Relations Contacts

Agency Contact

Financial Profiles, Inc.

Evan Niu, CFA

eniu@finprofiles.com

310-622-8243

Company Contact

AEye, Inc. Investor Relations

info@aeye.ai

925-400-4366

Source: AEye, Inc.