AEye Named by Fast Company as One of World’s Most Innovative Companies

AEye, Inc. (NASDAQ: LIDR), the global leader in adaptive, high-performance
lidar solutions, today announced it has been named to Fast Company’s 2022
list of the World’s Most Innovative Companies. Fast Company recognized AEye
in the transportation category for its groundbreaking advancements in
software-driven intelligent sensing.

AEye’s 4SightT Adaptive Lidar platform utilizes lasers to focus on what
matters most in an environment, complementing existing sensors such as
cameras and radar to increase speed and accuracy of decision-making. This
laser-based sensing system is designed to allow cars and other vehicles to
perceive the world as a human would, and serves as a foundation for
advancements in the creation of software-definable cars. This should allow
consumers to download feature upgrades that extend the safety and
performance of their vehicles. By working closely with its world-class
innovation partners, AEye and its 4Sight sensing platform is enabling a
cycle of innovation designed to propel the future of transportation and
mobility for many years to come.

Chosen by Fast Company’s editors and writers, the Most Innovative Companies
list recognizes the organizations that are transforming industries and
shaping society with some of the most inspiring accomplishments of the 21st
century.

“AEye is truly honored to take our place among the world’s greatest
innovators on Fast Company’s 2022 list,” said Blair LaCorte, CEO of AEye.
“Receiving this award, especially after accepting the Innovation Award at
the 2022 Consumer Electronics Show in January, further validates our
potential to transform the technological and business dynamics in the
markets we serve. AEye and our partners will soon enable vehicles to
dynamically download and update sensing modes optimized for any vehicle,
driving scenario or location – on road or off road – ensuring safe autonomy
anywhere.”

AEye has developed an innovative business model that is designed to
accelerate technology adoption. The company’s modular system design and
software programmability uniquely enable a single lidar system to be
optimized for multiple markets, driving innovation that optimizes both
performance and cost. In automotive, AEye’s tier one automotive partners
design, manufacture, and market their own unique products based on AEye’s
patented 4Sight sensor design and software. AEye’s contract manufacturing
partners leverage the same automotive grade components to build and
configure AEye sensors for system integration customers in the industrial
and mobility markets.

Over the past year, AEye has positioned itself for an upward trajectory of
growth through technology and product innovation, performance validation,
and company expansion to advance its mission to drive the future of safe
autonomy. The company became the first and only lidar company to validate
its sensor’s performance through a leading third-party testing service and
reached the milestone of more than 100 patents filed globally, spanning four
continents and more than 10 countries. In addition, AEye became a publicly
traded company listed on the Nasdaq stock exchange, doubled in size, and
opened offices in Korea and Japan.

AEye will be participating in the 34th annual Roth Conference on March 14
and 15. To learn more and to register for the webcast, please visit
b2idigital.com/aeye-roth.

Fast Company’s Most Innovative Companies issue (March/April 2022) is
available online and, beginning March 15, on iTunes and at newsstands.

About AEye

AEye’s software-defined LiDAR enables advanced driver-assistance, vehicle
autonomy and industrial applications that save lives and propel the future
of transportation and mobility. The company’s 4SightT Intelligent Sensing
Platform uses adaptive LiDAR to focus on what matters most: enabling faster,
more accurate and reliable perception for dynamic applications ranging from
autonomous driving to intelligent infrastructure, which require precise
measurement imaging to ensure safety and performance. The company was
founded in 2013 and is based in the San Francisco Bay Area.

About Fast Company

Fast Company is the only media brand fully dedicated to the vital
intersection of business, innovation and design, engaging the most
influential leaders, companies and thinkers on the future of business.
Headquartered in New York City, Fast Company is published by Mansueto
Ventures LLC, along with our sister publication Inc. and can be found online
at www.fastcompany.com.