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Arbe Announces Q1 2022 Financial Results
TEL AVIV, Israel, May 12, 2022 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE) ("Arbe"), a global leader in next-generation 4D Imaging Radar Solutions,
About this update from Arbe Robotics Ltd.
[{"type":"text","content":"TEL AVIV, Israel, May 12, 2022 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE) (\"Arbe\"), a global leader in next-generation 4D Imaging Radar Solutions, today announced financial results for its first quarter fiscal year 2022, ended March 31, 2022.\n\nKey Q1 2022 Highlights:\nHyundai showcased the joint pilot they held with Arbe at EcoMotion Week. This video shows the highlightsArbe added five new customer engagements in Q1 including OEMs who are leaders in Level 2+ passenger vehicle design and new mobility players focusing on Level 4 applicationsTier-1s submitted 5 RFPs and RFQs with Arbe's chipset to major OEMs, committing to supply the customer with volumes of 400 thousand systems to 1 million systems per yearNotable additions of industry experts to Arbe's executive team and the board of directors: - Gonen Barkan, formerly Head of Radar Development at General Motors joined Arbe as Chief Radar Officer- Thilo Koslowski, founder and former CEO of Porsche Digital GmbH appointed as a member of the board of directors- Alexander Hitzinger, Automotive and Self Driving Expert, formerly SVP Autonomous Driving in the VW Group appointed as a member of the board of directorsIntroduced the addition of Free Space Mapping to Arbe's revolutionary Imaging Radar perception stack at CES in JanuaryLaunched a new RF chipset, with the final production configuration, which we believe delivers the best radar image quality on the market, with long range sensing and high sensitivity, while reducing power consumption significantlyArbe selected as a 2022 Innovation Awards honoree in the Vehicle Intelligence & Transportation product category at CES in JanuaryWon the Tech.AD Europe 2022 Award on April 4 in the category of Sensor Perception\"It's an exciting time to be in the automotive industry,\" said Kobi Marenko, Chief Executive Officer. \"We are making great progress with Tier-1s as well as with our customers who appreciate the benefits of our imaging radar technology, overcoming the shortcomings of traditional radars. With the launch of our final RF chipset production configuration, we can provide the highest level of performance and safety to all automotive verticals, including passenger vehicles, commercial vehicles, trucks and delivery robots.\"\n\"Additionally, we are delighted to be able to attract industry veterans Thilo Koslowski and Alex Hi...