AEye has announced that the non-binding letter of intent announced in March is with LiteOn Technology Corporation, and is intended to offer AEye a customer channel and industrialization partnership. The two companies will work together to deliver AEye’s 4Sight-based lidar products to automakers for their ADAS offerings. This collaboration fits well with AEye’s unique capital-light business model, which relies on automotive tier-1 partnerships to provide AEye’s lidar solutions to automakers.
Aeye CEO Matt Fisch says, “LiteOn is a great partner for us. Their innovative mindset, vast experience in providing solutions to the automotive ADAS market, along with their advanced industrialization capability will enable us to offer the industry’s leading long-range lidar solutions at a very competitive cost to our customers. We are already working together on the OEM RFI/RFQ pipeline and I’m optimistic about our combined ability to capture a significant portion of the market”.
LiteOn is a global provider of electronic solutions for automakers, with over four decades’ expertise in the automotive electronics industry—notably in optoelectronics and power management. Using their own manufacturing facilities, LiteOn offers services from design to manufacturing to most of the top tier-1s and automakers in Europe and North America.
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AEye will benefit from LiteOn’s experience in optical sensors mass production industrial processes. LiteOn is a global leader in optoelectronics, information technology and storage devices components. Founded in 1975, they aim to be the “best partner in opto-electronic, eco-friendly, and intelligent technologies” for applications such as computers, communications, consumer electronics, automotive electronics, LED lighting, cloud computing, and healthcare.
