Valens Semiconductor Releases its Environmental, Social and Governance (ESG) 2023 Report

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Valens Semiconductor (NYSE: VLN) has released its third annual Environmental, Social and Governance (ESG) Report for 2023, highlighting the company's progress in advancing sustainable future initiatives. As a leader in high-performance connectivity, Valens develops products for robust, ultra-high-performance wired connectivity across various markets including professional audio-video, automotive, industrial, and medical sectors.

The report emphasizes Valens' contributions to connected vehicle systems and meeting equity solutions through their technology. CEO Gideon Ben Zvi highlighted the company's commitment to key ESG initiatives, while Chairman Moshe Lichtman emphasized their dedication to responsible corporate governance and stakeholder engagement.

The company's solutions focus on enabling growth while prioritizing social and environmental responsibility, supporting improvements in safety, performance, and overall user experience across multiple industries.

HOD HASHARON, Israel, Dec. 26, 2024 /PRNewswire/ -- Valens Semiconductor (NYSE: VLN), a leader in high-performance connectivity, today released its third annual Environmental, Social and Governance (ESG) Report. The 2023 Report details the Company's progress, commitment, and approach as it looks to advancing a sustainable future.

Valens Semiconductor's mission is to develop leading-edge products that enable robust, ultra-high-performance wired connectivity over simple, cost-effective infrastructure for a variety of markets, including professional audio-video, automotive, industrial, and medical. In automotive, Valens' solutions contribute to the development of connected vehicle systems, supporting improvements in safety, performance, and the overall driving experience for our customers. Valens' professional audio-video chips drive meeting equity, allowing corporations and education systems to operate in various conditions and locations. 

"We are pleased to share Valens Semiconductor's third annual ESG Report, which provides an update on our ongoing commitment to our key ESG initiatives and the progress we achieved in 2023," said Gideon Ben Zvi, CEO of Valens Semiconductor. "We aim to highlight our commitment to aspects of ESG that are vital to our business and stakeholders. We also promote open dialogue to share updates on our advancements over time. Our connectivity solutions are designed to foster growth that prioritizes social and environmental responsibility."

"Our 2023 ESG Report underscores our dedication to responsible and transparent corporate governance while expanding our business. We are engaged with shareholders, customers and partners to communicate our future progress as we continue to push the boundaries of connectivity, striving to create a better world for our employees, customers, suppliers, investors, and communities," said Moshe Lichtman, Chairman of Valens Semiconductor's Nominating, Governance, and Sustainability Committee.

The report can be found at the https://investors.valens.com/esg-report-2023.

About Valens Semiconductor

Valens Semiconductor (NYSE: VLN) is a leader in high-performance connectivity, enabling customers to transform the digital experiences of people worldwide. Valens' chipsets are integrated into countless devices from leading customers, powering state-of-the-art audio-video installations, next-generation videoconferencing, and enabling the evolution of ADAS and autonomous driving. Pushing the boundaries of connectivity, Valens sets the standard everywhere it operates, and its technology forms the basis for the leading industry standards such as HDBaseT® and MIPI A-PHY. For more information, visit https://www.valens.com/.

Investor Contacts:
Michal Ben Ari
Investor Relations Manager
Valens Semiconductor Ltd.
Michal.Benari@valens.com

Lisa Fortuna
Senior Vice President
Financial Profiles, Inc.
ValensIR@finprofiles.com

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SOURCE Valens Semiconductor

FAQ

What are the key markets targeted by Valens Semiconductor (VLN) according to their 2023 ESG report?

According to the 2023 ESG report, Valens Semiconductor targets professional audio-video, automotive, industrial, and medical markets with their high-performance connectivity solutions.

How does Valens Semiconductor (VLN) contribute to the automotive industry?

Valens Semiconductor contributes to the automotive industry by developing solutions for connected vehicle systems that improve safety, performance, and overall driving experience.

What is the main focus of Valens Semiconductor's (VLN) 2023 ESG report?

The 2023 ESG report focuses on the company's progress, commitment, and approach to advancing a sustainable future while maintaining transparent corporate governance and stakeholder engagement.

How does Valens Semiconductor (VLN) support the education sector?

Valens Semiconductor supports the education sector through their professional audio-video chips that drive meeting equity, enabling education systems to operate effectively in various conditions and locations.

What industry standards has Valens Semiconductor (VLN) contributed to?

Valens Semiconductor's technology forms the basis for leading industry standards including HDBaseT® and MIPI A-PHY.