AEye Continues to Expand Global Footprint With Opening of Korea Office
September 14 2021 - 8:00AM
Business Wire
Former Valeo Group Korea President and
Hyundai-Kia Executive Sung-Ho Kim Named as AEye Korea Country
Manager
AEye, Inc. (NASDAQ: LIDR), the global leader in adaptive,
high-performance LiDAR solutions, today announced the opening of
its Korea office to support and grow AEye’s business in the
automotive, mobility and industrial markets in East Asia. The
company also announced the appointment of Sung-Ho Kim as country
manager of AEye’s new office in Korea.
Sung-Ho Kim, a 33-year automotive and defense industry
executive, most recently served as president of Valeo Korea. In
that role, he oversaw $2 billion in revenue, five manufacturing
plants, four R&D centers and more than 4,000 employees and
drove OEM sales and business development, including LiDAR, camera
and radar sales with customers including Hyundai-Kia Global, GM
Korea, Renault Samsung Motors and Ssangyong Motors. Previous to
Valeo, Kim served as Korea president of IEE Sensing, and held
managerial positions at Varian Semiconductor and Samsung Motors
(Renault), after beginning his career as an engineer with Agency
for Defense Development, the Korean national agency for R&D in
defense technology. Kim holds a Ph.D. in mechanical engineering
from Northwestern University.
“It’s vital for us to have a strong presence in Korea, a major
global driver of innovation and one of the leading manufacturing
nations in the world,” said Jordan Greene, co-founder and general
manager at AEye. “This office opening reflects the explosive global
interest we are seeing in AEye’s adaptive LiDAR system. We couldn’t
be more pleased to have Sung-Ho Kim, a highly respected automotive
and technology veteran, at the helm of our Korea initiatives, and
we look forward to working closely with our partners, suppliers,
customers and system integrators in the region on successful
rollouts across automotive, mobility and industrial markets.”
“I am excited to join AEye at this important transformation
point and to help commercialize AEye’s cutting-edge technology
across the automotive, industrial, and mobility markets,” said Kim.
“AEye’s LiDAR system is unique in its software-driven intelligence,
and has shown world-class performance that scales for speed, safety
and cost. I’m delighted to take the lead in bringing AEye’s
game-changing technology to market in East Asia, and to build the
team that can best support our partners and customers on-the-ground
as they move toward productization and mass production of AEye
LiDAR systems.”
Value of Adaptive LiDAR
AEye’s LiDAR system, termed iDAR™, has achieved groundbreaking,
independently verified performance metrics that top the LiDAR
industry. The company has a two-tiered go-to-market approach: it is
working alongside manufacturing and automotive go-to-market
partner, Continental AG to jointly develop an ultra-long range,
high performance LiDAR for automotive and commercial vehicle
applications. For non-automotive markets, AEye is working with
global integrated manufacturing solutions leader, Sanmina, as well
as engineering, design, and manufacturing services provider
Benchmark to produce AEye’s 4Sight M and manufacture critical
optical components and modules in AEye’s sensors targeted for a
broad range of industrial markets.
AEye uses a single product platform and single supply chain
across markets to drive cost efficiencies and accelerate adoption
in automotive, mobility and industrial markets. The company is
engaged with an ecosystem of more than 75 partners globally across
industries. In each case, AEye’s adaptive, low cost, high
performance LIDAR can be configured by software to meet the needs
of specific applications per market. AEye Korea will provide the
company’s innovative, adaptive LiDAR products and support services
to Korean OEMs, as well as customers in other vertical industries,
including trucking and ITS.
To see what a software-configurable sensor can do, and to
experience iDAR’s record-breaking performance in real-time, visit
aeye.ai/demo-the-4sight-m.
About AEye
AEye is the premier provider of intelligent, next generation,
adaptive LiDAR for vehicle autonomy, advanced driver-assistance
systems (ADAS), and robotic vision applications. AEye’s iDAR™
(Intelligent Detection and Ranging) system leverages biomimicry and
principles from automated targeting applications used by the
military to scan the environment, intelligently focusing on what
matters most, enabling faster, more accurate, and more reliable
perception. iDAR is the only software configurable LiDAR with
integrated deterministic artificial intelligence, delivering
industry-leading performance in range, resolution, and speed. The
company was founded in 2013 and is based in the San Francisco Bay
Area.
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version on businesswire.com: https://www.businesswire.com/news/home/20210914005322/en/
Media Contact: AEye, Inc. Jennifer Deitsch
jennifer@aeye.ai 925-400-4366
Investors: Financial Profiles, Inc. Matt Keating
AEye@finprofiles.com 310-622-8230
John Brownell AEye@finprofiles.com 310-622-8489
Korea Contact: AEye Korea aeye.korea@aeye.ai
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