![]() ![]() Focus on OEMs willing to drive standardization of L2+ functionalities with 元 options is leading to high revenue expectation exiting the decade Mercedes’ strong reputation for quality and durability helps provide further validation of Luminar’s technology. Iris LiDAR, which is currently being prepared for series production, will help enhance safety and autonomous driving capabilities of the passenger cars of Mercedes. Luminar’s partnership with Mercedes-Benz is aimed at accelerating the development of automated driving capabilities for the Mercedes passenger cars. ![]() Partnership with Mercedes-Benz provides further validation of the technology The agreement is a 15-year agreement, unless otherwise terminated before that by either party. While highway autonomy is going to be an option, Volvo will equip the SPA2 platform with a proactive safety system as a standard that will leverage Luminar’s LiDAR, although not all of the software stack capabilities that Luminar can offer. Series production is expected to start this year (2022). The Volvo win is focused on highway autonomy and will be offered as an option for consumers to purchase. ![]() The earliest and one of the most significant wins included entering into a production contract with Volvo to deliver LiDAR products for the SPA2 platform, on which future consumer vehicles will be based. Luminar has, over a short period of time, announced several significant partnerships with OEMs as well as automotive Tier 1 suppliers to set the company up for a stronger ramp in revenue relative to other LiDAR suppliers. Volvo, the OEM considered the leader in Safety, is a key partner and customer While the patent portfolio is not really an indicator of commercial success, I do believe the robust patent portfolio indicates robust engineering prowess. The patent portfolio covers both systems and components, including LiDAR system, scanner, receiver, and perception technology. Luminar's long history in development is evidenced in the robust patent portfolio, which, as of January 2021, stood at 172 patents. LAZR stock price movement (SeekingAlpha) Why do I like LAZR? Differentiated and custom approach evident in a strong patent portfolio The focus on 元+ autonomous functionalities allows Luminar to engage with multiple customers, with plans to potentially drive a higher level of ADAS functionalities to be at least standard on vehicles, which materially increases the revenue opportunities for LiDAR if OEM customers follow through on their promises of 100% LiDAR hardware adoption and less than 100% adoption of software that enables the 元+ autonomous functionality. ( NASDAQ: LAZR) is one of the LiDAR companies with numerous wins ranging from traditional OEMs, including Volvo and Nissan, to nontraditional OEMs, including pony.ai, as well as non-Auto OEMs like Airbus ( OTCPK:EADSF). ![]()
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