Valens Semiconductor Partners with Stoneridge to address safety-critical issues in the truck industry

Valens Semiconductor (NYSE: VLN), a premier provider of high-speed
connectivity solutions for the automotive and audio-video markets, and
Stoneridge, Inc. (NYSE: SRI), a leading designer and manufacturer of highly
engineered electrical and electronic vehicle systems, today announced their
partnership to introduce a connectivity solution related to vision and
safety systems in tractor trailers to address safety-critical issues in the
trucking industry.

Trucks on the road today experience visibility limitations, due in part to
the inability for existing connectivity technologies to support the level of
data transfer needed to appropriately address challenges within the truck
and the required length of the link between the tractor and the trailer.

Since 2020, Valens and Stoneridge have been working on the development of a
long-reach connectivity solution to enable the delivery of high quality,
zero-latency, error-free video.

“Paired with Stoneridge cameras, this connectivity solution by Valens opens
the door for the development of new technologies and product capabilities
beyond our current portfolio that will continue to transform the commercial
vehicle safety environment and reduce operating costs for the fleets,” said
Jon DeGaynor, president and CEO of Stoneridge.

“The solutions we are working on, based on the Valens VA6000 chipset family,
will open the door to a safer experience for truck drivers around the world
relying on Stoneridge systems,” said Gideon Ben-Zvi, CEO of Valens
Semiconductor. “Leveraging our unique connectivity technology, we aim to
make the roads safer – both for the truck drivers and for the people around
them.”

About Stoneridge
Stoneridge, Inc. is a designer and manufacturer of highly engineered
electrical and electronic systems, components and modules, primarily for the
automotive, commercial vehicle, motorcycle, agricultural and off-highway
vehicle markets. Stoneridge is well-positioned to meet the global needs of
the mobility industry, providing solutions that power vehicle intelligence,
provide dramatic increases in fuel efficiency, reduce vehicle emissions, and
improve safety and security for vehicles, cargo and drivers. The mobility
industry’s sought-after integrated technology partner, Stoneridge is ready
to take on your next vehicle challenge. For more, visit
https://www.stoneridge.com/.

About Valens Semiconductor Ltd.
Valens (NYSE: VLN) is a leading provider of semiconductor products, pushing
the boundaries of connectivity by enabling long-reach, high-speed video and
data transmission for the automotive and audio-video industries. Valens’
EmmyR award-winning HDBaseT technology is the leading standard in the
professional AV market with tens of millions of Valens’ chipsets integrated
into thousands of HDBaseT-enabled products. Valens Automotive is a key
enabler of the evolution of autonomous driving, providing chipsets that are
on the road in premium vehicles around the world. The underlying technology
has been selected to become the basis for the new international standard for
automotive connectivity. For more, visit https://www.valens.com/.