AEye announces partnership with LITEON Technology

AEye “announced that the non-binding Letter of Intent announced in March is with LITEON Technology Corporation and is intended to provide AEye with a customer channel and industrialization partnership. Both companies will work together to supply AEye’s 4Sight(TM)-based lidar products to automotive original equipment manufacturers who are focused on safety through automotive Advanced Driver Assistance Systems. This is a logical collaboration as AEye continues to focus on its unique capital light business model, which leverages automotive Tier 1 partnerships to deliver AEye’s lidar solutions to OEMs through world-class pipelines.”