AEye Partners With Sanmina To Scale LiDAR Production

AEye, Inc. (“AEye”), the global leader in adaptive, high-performance LiDAR
solutions, today announced Sanmina Corporation (Nasdaq: SANM), a leading
integrated manufacturing solutions company that manufactures some of the
world’s most complex and innovative electronic, optical and mechanical
products, will begin production of AEye’s 4Sight M LiDAR sensor for
industrial and mobility markets in September. The transfer from AEye’s pilot
line in Dublin, California to Sanmina’s commercial production lines will
take place over the next few months, as the company prepares for volume
production.

AEye’s uniquely intelligent LiDAR (iDART) leverages deterministic AI to
focus on what matters most in a vehicle’s surroundings, resulting in greater
reliability, safety, and performance at longer range and lower cost. Its
strategic investment and go-to-market partners include Continental AG, GM
Ventures, Subaru-SBI, Hella Ventures, LG Electronics, Pegasus Ventures
(Aisin), and Airbus Ventures.

“We are thrilled to work with Sanmina as a manufacturing partner on the
4Sight M,” said Rick Tewell, AEye COO. “Sanmina manufactures some of the
most complex electronic, optical and mechanical products in the world, and
we are delighted to have them add the 4Sight M to that list. The
manufacturing expertise and precision required to build a sensor with the
capabilities of the 4Sight M yielded a very short list of possible
manufacturing partners. Sanmina was at the top of that list, and we are
extremely happy to be working with them to serve our non-automotive markets.
The 4Sight M is software-definable and is now available for multiple market
applications including mobility, trucking, ITS, rail, construction, and
mining.”

AEye has designed the 4Sight M with a focus on reliability, cost, quality
and supply chain efficiency. The company’s current in-house pilot line is in
the process of being transferred to production lines in Sanmina’s San Jose
facility, which specializes in producing advanced PCBAs and complex systems,
and will transition to Sanmina’s Pathum Thani, Thailand Global Services
facility for volume mass production. The transfer includes proprietary
optical alignment and calibration technology that enables best-in-class
range accuracy.

“AEye’s high-performance adaptive LiDAR is industry leading,” said Mike
Landy, president and COO Integrated Manufacturing Solutions at Sanmina.
“We’re proud to provide our deep design and process development expertise
and state-of-the-art manufacturing capabilities to accelerate series
production of AEye’s next generation systems.”

This announcement comes at a time of rapid growth, technological advancement
and business expansion for AEye, as it doubles in size and prepares for
productization and mass production. AEye’s iDART product has achieved
groundbreaking, independently verified performance metrics that top the
LiDAR industry, and the company is working alongside manufacturing and
go-to-market partner, Continental AG to jointly develop an ultra-long range,
high performance LiDAR for automotive and commercial vehicle applications.

About AEye

AEye is the premier provider of high-performance, adaptive LiDAR systems for
vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic
vision applications. AEye’s software-definable iDART (Intelligent Detection
and Ranging) platform combines solid-state adaptive LiDAR, an optionally
fused low-light HD camera, and integrated deterministic artificial
intelligence to capture more intelligent information with less data,
enabling faster, more accurate, and more reliable perception. The company is
based in the San Francisco Bay Area and backed by world-renowned financial
investors including Kleiner Perkins and Taiwania Capital, as well as GM
Ventures, Continental AG, Hella Ventures, LG Electronics, Subaru-SBI,
Pegasus Ventures (Aisin), Intel Capital, SK Hynix and Airbus Ventures.