Business
Arbe Announces Third Quarter 2021 Results and Business Update
Strong Commercial Traction and Technology Leadership; Successfully Completed Business Combination in Early October TEL AVIV, Israel, Dec. 7, 2021 /PRNewswire/
About this update from Arbe Robotics Ltd.
[{"type":"text","content":"Strong Commercial Traction and Technology Leadership; Successfully Completed Business Combination in Early October\n\n\nTEL AVIV, Israel, Dec. 7, 2021 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) (\"Arbe\"), a global leader in next-generation 4D Imaging Radar Solutions, announced today third quarter 2021 financial results and provided a business update.\n\n \n \n \n \n \n \n\n \nKobi Marenko, Chief Executive Officer, said \"We are excited to report a solid quarter of continued operational, technological, and strategic progress. Our successful business combination and presence on the NASDAQ market marks a significant milestone and helps to cement our leadership position ahead of what we see as an imminent, revolutionary change in the global automotive technology market. We look forward to demonstrating the value of our next-generation Imaging Radar and its importance to the future of the automotive industry. We are progressing and paving the road for the adoption of our technology and for the universal acceptance of our products.\"\nKarine Pinto-Flomenboim, Chief Financial Officer, added, \"We remain confident in the full range of our projections for growth, our financial performance, the expansion of our operational capabilities, the pace of progress in our research and development efforts, and the adoption of our technology and products by a range of important customers around the world.\"\nCommercial Traction\nA top global OEM selected Arbe for an \"Imaging Radar - based perception\" project Weifu announced it reached a road pilot phase of its Arbe-based Radar Systems and is scheduled to be in full production by the end of 2022 BAIC Group's Deputy General Manager announced that Arbe's technology will be installed on its mass-produced models Hyundai holds a PoC of safety enhancements introduced by Arbe's next generation radars On schedule with a pre-production project with the Top 5 OEM, which is progressing towards selection in 2022 On track with the production plan for Auto-XTechnology Leadership\nArbe was presented with the 2021 Europe New Product Innovation Award by Frost & Sullivan Arbe was named a CES 2022 Innovation Awards Honoree for its Phoenix Perception Radar Arbe's 4D Imaging Radar Technology won ADAS & Autonomous Product of the Year 2021 by Informa Tech Automotive Arbe delivered radar samples based on our fina...