Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon
company, today announced that Arrival (NASDAQ: ARVL), the global
company creating electric vehicles (EVs) with its unique
technologies, has selected the Ambarella CV2FS CVflow® AI vision
processor for the environmental perception module available for all
types of Arrival vehicles. The module will be used to enable
autonomous driving (AD) and ADAS features in the Arrival Bus and
Van.
Arrival believes it will accelerate the mass adoption of EVs
globally by producing affordable commercial vehicles across the
whole transportation ecosystem, and working closely with cities and
governments to transform mobility.
The ADAS features will provide commercial sector vehicles with
advanced safety and convenience-related driver assistance
capabilities, including lane departure warning (LDW), lane keeping
assist (LKA), vehicle, pedestrian and cyclist detection, blind spot
monitoring (BSM), traffic sign recognition (TSR) and traffic light
recognition (TLR). All of these capabilities are of paramount
importance where commercial vehicles are operating in busy urban
environments and driving a significantly higher mileage than
consumer cars, enabling them to operate as safely and efficiently
as possible. This platform enables the highest levels of autonomy
without the need for hardware upgrades in the future.
“We are excited to be partnering with Ambarella, whose CV2FS AI
vision processor provides the required neural network processing
performance, stereovision support and excellent image quality, all
running at extremely low power. This enables Arrival to bring ADAS
features to commercial vehicles and operators to make their fleets
safer and more efficient,” said Sergey Malygin, EVP of Technology
at Arrival.
“Arrival has the potential to transform urban mobility with its
integrated transportation ecosystem that includes vehicles, digital
tools and Microfactories,” said Fermi Wang, CEO of Ambarella. “Our
AI-based vision processing is enabling Arrival to meet the
ever-increasing performance and functional safety requirements for
autonomous vehicles.”
The Ambarella CV2FS AI vision processor offers an open platform
for differentiated, high-performance automotive systems and is
designed to enable safety-critical applications. With CVflow AI
processing and ASIL-B(D) compliance, CV2FS targets forward-facing
monocular and stereo vision ADAS cameras, as well as computer
vision ECUs for high levels of autonomy.
About Arrival
Arrival (NASDAQ: ARVL), a joint stock company (société anonyme)
governed by the laws of the Grand Duchy of Luxembourg, is
reinventing the automotive industry with its entirely new approach
to the design and assembly of electric vehicles. Low CapEx, rapidly
scalable Microfactories combined with proprietary in-house
developed components, materials and software, enable the production
of best in class vehicles competitively priced to fossil fuel
variants and with a substantially lower total cost of ownership.
This transformative approach provides cities globally with the
solutions they need to create sustainable urban environments and
exceptional experiences for their citizens. Arrival is a global
business founded in 2015 and headquartered in London, UK and
Charlotte, North Carolina, USA, with more than 1,900 global
employees located in offices across the United States, Germany, the
Netherlands, Israel, Russia, and Luxembourg. The company is
deploying its first four Microfactories in North Carolina, USA,
South Carolina, USA, Bicester, UK and Madrid, Spain.
About Ambarella Ambarella’s products are used
in a wide variety of human and computer vision applications,
including video security, advanced driver assistance systems
(ADAS), electronic mirror, drive recorder, driver/cabin monitoring,
autonomous driving, and robotic applications. Ambarella’s
low-power systems on chip (SoCs) offer high-resolution video
compression, advanced image processing, and powerful deep neural
network processing to enable intelligent cameras to extract
valuable data from high-resolution video streams. For more
information, please visit www.ambarella.com
ContactsAmbarella Sales Contact:
www.ambarella.com/about/contact/inquiriesAmbarella Media Contact:
Eric Lawson, elawson@ambarella.com, (480) 276-9572Ambarella
Investor Relations Contact: Louis Gerhardy,
lgerhardy@ambarella.com, (408) 636-2310
Arrival Contact: Rachael Charlton, pr@arrival.com
All brand names, product names, or trademarks
belong to their respective holders. Ambarella reserves the right to
alter product and service offerings, specifications and pricing at
any time without notice. ©2021 Ambarella. All rights reserved.
Forward Looking Statements This press release
contains certain forward-looking statements within the meaning of
the federal securities laws, including statements regarding the
products offered by Arrival and the markets in which it operates,
Arrival’s ability to produce electric commercial vehicles,
expectations regarding Arrival’s ability to enable AD and ADAS
features in the Arrival Bus and Van, expectations regarding the
mass adoption of EVs, expectations regarding the benefits of the
collaboration between Arrival and Ambarella and expectations
regarding the benefits of Arrival’s Microfactories. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Such statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and are based on management’s belief or interpretation
of information currently available. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including, but not
limited to: (i) the impact of COVID-19 on Arrival’s business; (ii)
the risk of downturns and the possibility of rapid change in the
highly competitive industry in which Arrival operates, (iii) the
risk that Arrival and its current and future collaborators are
unable to successfully develop and commercialize Arrival’s products
or services, or experience significant delays in doing so, (iv) the
risk that Arrival may never achieve or sustain profitability; (v)
the risk that Arrival experiences difficulties in managing its
growth and expanding operations, (vi) the risk that third-parties
suppliers and manufacturers are not able to fully and timely meet
their obligations; (vii) the risk that the utilization of
Microfactories will not provide the expected benefits due to, among
other things, the inability to locate appropriate buildings to use
as Microfactories, Microfactories needing a larger than anticipated
factory footprint, and the inability of Arrival to deploy
Microfactories in the anticipated time frame; (viii) the risk that
the orders that have been placed for vehicles, including the order
from UPS, are cancelled or modified; (ix) the risk of product
liability or regulatory lawsuits or proceedings relating to
Arrival’s products and services; and (x) the risk that Arrival will
need to raise additional capital to execute its business plan,
which may not be available on acceptable terms or at all; and (xi)
the risk that Arrival is unable to secure or protect its
intellectual property. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of Arrival’s annual report on Form 20-F filed with the U.S.
Securities and Exchange Commission (the “SEC”) on April 30, 2021
and other documents filed by Arrival with the SEC from time to
time. Readers are cautioned not to put undue reliance on
forward-looking statements, and Arrival assumes no obligation and
does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
or otherwise. Arrival does not give any assurance that Arrival will
achieve its expectations.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b3cc7175-4bb2-4d24-8fa8-1239e86d6ee0
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