Luminar hardware helping keep helicopters safe, autonomous driving progress from Nissan, the Luminar Automotive Council and a reminder for this week's earnings call in our April 2025 Monthly Wrap-Up.
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\nLuminar Technology Helping Helicopter Pilots Stay Safe
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\nThe same Luminar LiDAR used in the Volvo EX90 and Volvo ES90 is now being used to help helicopter pilots detect hazards during flight.
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\n![](\"https://mcusercontent.com/8e6597c02762e1b1efc357a4d/images/36fb4e7d-cd99-cc4b-6f08-5d67483240ed.png\")
Left: Pilot view before implementation of LFT’s situational awareness system.
\nRight: Same view with LFT’s situational awareness system using Luminar’s Iris LiDAR sensor. Note the yellow wires highlighted on the right by the Iris sensor.
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\nPowerlines and tower guidelines are particularly difficult for helicopter pilots to spot with their eyes alone. LAKE FUSION Technologies GmbH (LFT) has developed a situational awareness system that uses two Luminar Iris sensors to help pilots identify these hazards in advance and avoid a potentially dangerous situation.
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\n![](\"https://mcusercontent.com/8e6597c02762e1b1efc357a4d/images/6362306a-dc62-0e02-d4cb-c84c938398e8.png\")
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\n![](\"https://mcusercontent.com/8e6597c02762e1b1efc357a4d/images/b0d6fb53-2096-62ee-a73c-1e20cedaa21c.png\")
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\nLFT is currently conducting test flights of their new system. To get an overview of their tech and how they’re using Iris here: https://bit.ly/HelicopterPilotSafety
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![](\"https://mcusercontent.com/8e6597c02762e1b1efc357a4d/images/ef810e4d-a752-55f9-48c2-0683cf2448e9.png\")
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\nNissan has been testing their autonomous driving vehicles equipped with Luminar’s Iris LiDAR on public roads in Japan. Nissan plans to have 20 test vehicles in the Yokohama area in the next couple of years, with the goal of reaching Level Four (no human involvement) by 2029 or 2030. Check out our Iris LiDAR in action and more about Nissan’s efforts here: https://bit.ly/NissanTestsDriverlessCars
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Alto, CA. "},{"_key":"7920c258d9cb","_type":"span","marks":[],"text":"— Today, Luminar Technologies, Inc. (Nasdaq: LAZR) announced it will be standard on Volvo Cars’ forthcoming fully electric flagship vehicle, helping the automaker to save even more lives as it sets a new benchmark for automotive safety."}],"markDefs":[],"style":"normal"},{"_key":"093d643ecdf8","_type":"block","children":[{"_key":"14c1d4f1e7c2","_type":"span","marks":[],"text":"The fully electric successor to Volvo Cars’ XC90, to be unveiled in 2022, is now set to come with state-of-the-art lidar hardware with Luminar’s Iris and perception from its Sentinel solution, in addition to an autonomous driving computer powered by NVIDIA DRIVE Orin™ and Zenseact and Volvo software. Volvo Cars aims to reduce fatalities and accidents as a whole with this new safety package."}],"markDefs":[],"style":"normal"},{"_key":"b1f101a9f6e1","_type":"block","children":[{"_key":"500330c89d570","_type":"span","marks":[],"text":"This is a watershed moment for the industry, and Luminar’s most significant win towards establishing the next era of safety technology,” said Austin Russell, Luminar Founder and CEO. “Going from a select highway pilot option to Luminar powering all next generation Volvo flagship cars as standard will kick off this new safety paradigm, serving as the catalyst for what we’ve been calling Proactive Safety. Volvo thinks life saving technology shouldn’t be optional, and we couldn’t agree more.\""}],"markDefs":[],"style":"normal"}]},{"_key":"6f4cb67fe51d","_type":"textBlock","body":[{"_key":"54ee9d3c9c4f","_type":"block","children":[{"_key":"836e2e3e28ca0","_type":"span","marks":[],"text":"With the new safety package, Volvo Cars aims to reduce collisions and the reduction rate is anticipated to accelerate over time via over-the-air software updates. The new technologies are also designed to specifically address traffic situations that result in large portions of the severe injuries and fatalities that occur today."}],"markDefs":[],"style":"normal"}]},{"_key":"22634b6bb819","_type":"pullQuote","person":"Håkan Samuelsson","quote":"Volvo Cars is and always has been a leader in safety. It will now define the next level of car safety,” said Håkan Samuelsson, chief executive of Volvo Cars. “By having this hardware as standard, we can continuously improve safety features over the air and introduce advanced autonomous drive systems, reinforcing our leadership in safety.\n\n","title":"CEO, Volvo Cars"},{"_key":"a704bf121f27","_type":"textBlock","body":[{"_key":"f7a18af4276f","_type":"block","children":[{"_key":"0740517b7b1d0","_type":"span","marks":[],"text":"Beyond the sensor suite and AI computing performance, Volvo’s forthcoming flagship model will also come with back-up systems for key functions such as steering and braking that make it hardware ready for safe, unsupervised autonomous driving once available. Alongside the lidar and autonomous software, these control redundancies help enable the Highway Pilot functionality, an autonomous driving feature for use on motorways and will be activated for customers when verified safe for individual geographic locations and conditions."}],"markDefs":[],"style":"normal"},{"_key":"0482cb694b93","_type":"block","children":[{"_key":"deb878d5d5730","_type":"span","marks":[],"text":"Luminar’s CEO will join Volvo Cars Tech Moment, to be held on June 30, 2021 where more details will be revealed on its future technology roadmap."}],"markDefs":[],"style":"normal"},{"_key":"4bdcbbd5d8fa","_type":"block","children":[{"_key":"e90c386442490","_type":"span","marks":["strong"],"text":"About Luminar "},{"_key":"e90c386442491","_type":"span","marks":[],"text":"\nLuminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including 8 of the top 10 global automotive OEMs. In 2020, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars, while also striking deals with Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG, and Volvo Cars, a global leader in automotive safety, to accelerate the introduction of autonomous trucks and cars at highway speed. Founded in 2012, Luminar is a 400-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. For more information please visit www.luminartech.com."}],"markDefs":[],"style":"normal"},{"_key":"1588795e89fd","_type":"block","children":[{"_key":"48200dd66e020","_type":"span","marks":["strong"],"text":"Forward-Looking Statements"},{"_key":"48200dd66e021","_type":"span","marks":[],"text":"\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “aims,” “anticipates,” “believe,” “may,” “will,” “estimate,” “set,” “continue,” “towards,” “anticipate,” “intend,” “expect,” “imagines,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “forward,” “ahead,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding statements regarding the expectation for Luminar’s technology to be standardized on next generation electric Volvo, including Luminar’s Iris and Sentinel software suite, the timing and plans for revelation of Volvo Cars’ fully electric flagship vehicle to be revealed in 2022, and statements regarding Volvo’s forthcoming flagship model which will come with back-up systems for key functions. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to Luminar’s financial condition, Luminar’s limited operating history; Luminar’s inability to reduce and control the cost of the inputs on which Luminar relies; Luminar’s ability to transition to an outsourced manufacturing business model; the success of Luminar’s customers in developing and commercializing products using Luminar’s solutions; Luminar’s ability to expand operations in China; Luminar’s ability to protect its intellectual property rights; whether Luminar’s lidar products are selected for inclusion in autonomous driving or ADAS systems by automotive OEMs or their suppliers; changes in personnel and availability of qualified personnel; the amount and timing of future sales; the extent to which customers who have selected Luminar for a program win commercially launch vehicles which include Luminar hardware and software products, including their success in integration and volume and timing of such launch, and whether such launches are successful unrelated to Luminar’s technology; the extent to which delays in commercial launch or testing and development are delayed because of regulation; customer cancellation of contracts; whether the complexity of Luminar’s products results in undetected defects and reliability issues which could reduce market adoption of its new products, damage its reputation and expose Luminar to product liability and other claims; strict government regulation that is subject to amendment, repeal or new interpretation and Luminar’s ability to comply with modified or new laws and regulations applying to its business; general economic uncertainty and the effect of general economic conditions on Luminar’s industry in particular, including the level of demand and financial performance of the autonomous vehicle industry and market adoption of lidar; and the other risks discussed under the heading “Risk Factors” in the Annual Report on Form 10-K filed by Luminar on April 14, 2021, the registration statement on Form S-1 (No. 333-251657) filed with the SEC and amendments thereto (including the post-effective amendment filed with the SEC on May 21, 2021), and other documents Luminar files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. 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(NASDAQ: LAZR), the global leader in automotive lidar hardware and software technology, is announcing today business updates and a year in review of 2020, including milestone results, preliminary financial results, and 2021 guidance."}],"markDefs":[],"style":"normal"}]},{"_key":"eecc085cba35","_type":"pullQuote","person":"Austin Russell","quote":"\"Luminar’s 2020 achievements reflect our product leadership and market ownership as we continue to execute and fulfill the vision of making safe autonomy a reality. Our successful debut as a public company has helped to further accelerate the expansion of our product roadmap in addition to commercial growth across passenger vehicle OEMs, trucking partners, and robo-taxi programs. This is validated by our latest major wins with SAIC and Zenseact, and we look forward to continuing to execute.\"\n","title":"Founder & CEO"},{"_key":"d814ce4468f9","_type":"textBlock","body":[{"_key":"c837208f5aee","_type":"block","children":[{"_key":"1617bba75779","_type":"span","marks":["strong"],"text":"Execution: On Track for Series Production SOP Next Year"},{"_key":"5da6f3100521","_type":"span","marks":[],"text":"\nIn 2020, Luminar launched and completed builds of its first Iris units, the series production version of its technology. Luminar has now successfully completed engineering validation testing of Iris, progressing onto the final stages of B-samples before ramping into C-sample phase later this year. Today, Luminar has Iris lidars on customer vehicles going through the data collection and development process, transitioning from its previous generation Hydra lidar. In addition to greater manufacturability, economics, and ability to integrate into vehicles, Iris now outperforms Luminar’s Hydra lidar across several dimensions, including better-ranging performance and ability to see dark objects and even higher point density. Luminar has selected a contract manufacturer for continued, efficient series production of Iris in a Mexico production facility. Earlier this month, Luminar also unveiled its rapid evolution from a lidar company to an autonomous vehicle company with the introduction of Sentinel – the industry’s first full-stack autonomous system for series production. 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This includes SAIC Motor Corporation Limited, the largest automaker in China and a Fortune Global 100 company, who was announced today as Luminar’s lead series production automaker partner in China to deliver industry-leading lidar and components of Luminar’s newly announced Sentinel to SAIC’s “R Brand” vehicles, kicking off Luminar’s foray into China."},{"_key":"4371adc08533","_type":"textBlock","body":[{"_key":"651668e00ddf","_type":"block","children":[{"_key":"3f8938c812d50","_type":"span","marks":["strong"],"text":"2021: What’s Ahead"},{"_key":"3f8938c812d51","_type":"span","marks":[],"text":"\nLuminar’s primary focus in 2021 is to position the company for continued long-term success and corresponding shareholder value creation. To that end, the company is providing visibility on the following five milestones to gauge our success in 2021:"}],"markDefs":[],"style":"normal"},{"_key":"6eecf4bdfe0f","_type":"block","children":[{"_key":"0cfdf4b14fb1","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"42782f8d0799","_type":"block","children":[{"_key":"5878070370440","_type":"span","marks":["strong"],"text":"Iris Industrialization for Series Production:"},{"_key":"5878070370441","_type":"span","marks":[],"text":" Complete testing for key auto-grade specs, process transfer from Orlando advanced manufacturing to series production CM, tool up and production of C sample Iris lidar on series production line in Mexico. 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Martin, Chair of the Board of Wilson Sonsini Goodrich & Rosati, and Dr. Mary Lou Jepsen, a globally renowned technology industry executive, currently CEO, Founder, and Chair of medical laser imaging device company Openwater as well as Director at Lear Corporation. For more on Mary Lou and Katie, see "},{"_key":"5caaa3b7b8342","_type":"span","marks":["83555752cba3"],"text":"here"},{"_key":"5caaa3b7b8343","_type":"span","marks":[],"text":"."}],"markDefs":[{"_key":"83555752cba3","_type":"link","href":"https://www.luminartech.com/luminarboard/"}],"style":"normal"},{"_key":"23420aed998d","_type":"block","children":[{"_key":"f8f97614a4920","_type":"span","marks":["strong"],"text":"2021 Financial Guidance"},{"_key":"f8f97614a4921","_type":"span","marks":[],"text":"\nFollowing on the momentum coming out of 2020, Luminar has issued the following forward-looking financial guidance for 2021:"}],"markDefs":[],"style":"normal"},{"_key":"0e28e76af6d6","_type":"block","children":[{"_key":"c25e90f505c5","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"937a358b5386","_type":"block","children":[{"_key":"1bd2270444ec0","_type":"span","marks":[],"text":"Increase forward-looking order book by 40%+"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"682c9e75ba46","_type":"block","children":[{"_key":"baf0775322970","_type":"span","marks":[],"text":"Generate revenue of $25 to 30 million (August 2020 forecast was $26 million for ‘21)"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"393315d63395","_type":"block","children":[{"_key":"fa209b8dc1510","_type":"span","marks":["em"],"text":"Gross cash spend (operating cash flow less capital expenditures) of approximately $140 million, which assumes a Capex target of approximately $10-15M for the year"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"5c8745d07a78","_type":"block","children":[{"_key":"ec3a4d5e779a0","_type":"span","marks":["strong"],"text":"Preliminary 2020 Financial Results"},{"_key":"ec3a4d5e779a1","_type":"span","marks":[],"text":"\nLuminar has announced the following preliminary unaudited financial results for full-year 2020. The Company is finalizing its year-end audit, with audited financial statements to be published in the filing of the 10k as planned by the end of the month. For the year ended Dec 31, 2020:"}],"markDefs":[],"style":"normal"},{"_key":"0163aa207a2d","_type":"block","children":[{"_key":"bec897cdefaf0","_type":"span","marks":[],"text":"Forward-looking order book exceeded original guidance of $1 Billion and met updated guidance at just over $1.3 Billion"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"970b168757c2","_type":"block","children":[{"_key":"0f68a503bef00","_type":"span","marks":[],"text":"Revenue was approximately $14 million"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"a954e9f81c88","_type":"block","children":[{"_key":"2c749e8595ad0","_type":"span","marks":[],"text":"Cash, equivalents, and marketable securities were approximately $485.7 million."}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"4430ea710252","_type":"block","children":[{"_key":"16f97ded45390","_type":"span","marks":["strong"],"text":"Webcast Details"},{"_key":"16f97ded45391","_type":"span","marks":[],"text":"\nFounder and CEO Austin Russell and CFO Tom Fennimore will host a video webcast and will feature a live Q&A session following the business update."}],"markDefs":[],"style":"normal"},{"_key":"23074744c61d","_type":"block","children":[{"_key":"bd8683a455a30","_type":"span","marks":["strong"],"text":"What:"},{"_key":"bd8683a455a31","_type":"span","marks":[],"text":" Business Update, 2021 Milestones and Preliminary 2020 Results, and live Q&A\n"},{"_key":"bd8683a455a32","_type":"span","marks":["strong"],"text":"Date:"},{"_key":"bd8683a455a33","_type":"span","marks":[],"text":" Thursday, March 18, 2021\n"},{"_key":"bd8683a455a34","_type":"span","marks":["strong"],"text":"Time:"},{"_key":"bd8683a455a35","_type":"span","marks":[],"text":" 2 p.m. PT (5 p.m. ET)"}],"markDefs":[],"style":"normal"},{"_key":"87149e4f4f4d","_type":"block","children":[{"_key":"eb04d8de9cb70","_type":"span","marks":[],"text":"A live webcast of the event will be available on Luminar’s Investor site at "},{"_key":"eb04d8de9cb71","_type":"span","marks":["710c43e4e10f"],"text":"http://luminartech.com/quarterlyreview"},{"_key":"eb04d8de9cb72","_type":"span","marks":[],"text":". A replay of the webcast will be available following the presentation."}],"markDefs":[{"_key":"710c43e4e10f","_type":"link","href":"http://luminartech.com/quarterlyreview"}],"style":"normal"},{"_key":"1f5c59714bc8","_type":"block","children":[{"_key":"4ae96912f4210","_type":"span","marks":["strong"],"text":"About Luminar Technologies"},{"_key":"4ae96912f4211","_type":"span","marks":[],"text":"\nLuminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including 7 of the top 10 global automakers. Earlier this year, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars, while also recently striking deals with SAIC, Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG, and Volvo Cars, a global leader in automotive safety, to accelerate the introduction of autonomous trucks and cars at highway speed. Founded in 2012, Luminar is a nearly 400-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. For more information please visit "},{"_key":"4ae96912f4212","_type":"span","marks":["ce9abd6b2a39"],"text":"www.luminartech.com"},{"_key":"4ae96912f4213","_type":"span","marks":[],"text":"."}],"markDefs":[{"_key":"ce9abd6b2a39","_type":"link","href":"http://www.luminartech.com/"}],"style":"normal"},{"_key":"75bb0b017b7d","_type":"block","children":[{"_key":"2172ba02768a0","_type":"span","marks":["strong"],"text":"Forward-Looking Statements"},{"_key":"2172ba02768a1","_type":"span","marks":[],"text":"\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” ”forward,” “ahead,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Luminar’s five milestones to gauge its success in 2021, statements relating to the partnership between Luminar and SAIC, the delivery of lidar hardware and autonomous software for series production vehicles, Luminar’s planned operations in China, the capabilities of Sentinel, Luminar’s engagement of a contract manufacturer for series production of Iris in a Mexico production facility, Iris industrialization for series production, Luminar’s goal of winning at least three major commercial programs, Luminar’s future revenues, forward-looking order book and gross cash spend and Luminar’s expectations for its full-year 2020 financial results,. . These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to Luminar’s completion of the financial closing process for the full-year 2020 operating results and financial condition, Luminar’s limited operating history; Luminar’s inability to reduce and control the cost of the inputs on which Luminar relies; Luminar’s ability to transition to an outsourced manufacturing business model; the success of Luminar’s customers in developing and commercializing products using Luminar’s solutions; Luminar’s ability to expand operations in China; Luminar’s ability to protect its intellectual property rights; whether Luminar’s lidar products are selected for inclusion in autonomous driving or ADAS systems by automotive OEMs or their suppliers; changes in personnel and availability of qualified personnel; the amount and timing of future sales; whether the complexity of Luminar’s products results in undetected defects and reliability issues which could reduce market adoption of its new products, damage its reputation and expose Luminar to product liability and other claims; strict government regulation that is subject to amendment, repeal or new interpretation and Luminar’s ability to comply with modified or new laws and regulations applying to its business; general economic uncertainty and the effect of general economic conditions on Luminar’s industry in particular, including the level of demand and financial performance of the autonomous vehicle industry and market adoption of lidar; the effects of the ongoing coronavirus (COVID-19) pandemic or other infectious diseases, health epidemics, pandemics and natural disasters on Luminar’s business; and the other risks discussed under the heading “Risk Factors” in the registration statement on Form S-1/A filed by Luminar on January 29, 2021 and other documents Luminar files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made and Luminar undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release."}],"markDefs":[],"style":"normal"},{"_key":"edc8a1b543ff","_type":"block","children":[{"_key":"8b20506573c30","_type":"span","marks":["strong"],"text":"Preliminary 2020 Financial Results"},{"_key":"8b20506573c31","_type":"span","marks":[],"text":"\nThe preliminary estimates of revenue and cash, equivalents and marketable securities discussed herein are based on management’s initial review of operations for the full-year 2020 and are subject to the completion of the company’s customary annual closing and review procedures. The Company is finalizing its year-end audit and will publish its audited financial statements and 10K by the end of this month as planned."}],"markDefs":[],"style":"normal"},{"_key":"2aaec5598ea2","_type":"block","children":[{"_key":"2c1ae35aaeaa0","_type":"span","marks":["strong"],"text":"Non-GAAP Financial Measures"},{"_key":"2c1ae35aaeaa1","_type":"span","marks":[],"text":"\nIn addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release contains certain non-GAAP financial measures. We calculate gross cash spend as [net cash used in operating activities less capital expenditures][1] . Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. Luminar considers these non-GAAP financial measures to be important because they provide useful measures of the operating performance of the Company, exclusive of factors that do not directly affect what we consider to be our core operating performance, as well as unusual events. The Company’s management uses these measures to (i) illustrate underlying trends in the Company’s business that could otherwise be masked by the effect of income or expenses that are excluded from non-GAAP measures, and (ii) establish budgets and operational goals for managing the Company’s business and evaluating its performance. In addition, investors often use similar measures to evaluate the operating performance of a company. Non-GAAP financial measures are presented only as supplemental information for purposes of understanding the Company’s operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP.\n"}],"markDefs":[],"style":"normal"},{"_key":"9ab37d056a38","_type":"block","children":[{"_key":"c358bb59cf630","_type":"span","marks":["strong"],"text":"Contact Information"}],"markDefs":[],"style":"normal"},{"_key":"144933e19f66","_type":"block","children":[{"_key":"ba9c82cac2990","_type":"span","marks":["strong"],"text":"Media"},{"_key":"ba9c82cac2991","_type":"span","marks":[],"text":"\nNicole Phelan\n"},{"_key":"676d53e41b99","_type":"span","marks":["1a13e4dec91b"],"text":"press@luminartech.com"}],"markDefs":[{"_key":"1a13e4dec91b","_type":"link","href":"press@luminartech.com "}],"style":"normal"},{"_key":"e74b9ea4c1a3","_type":"block","children":[{"_key":"68602f31dabd0","_type":"span","marks":["strong"],"text":"Investors"},{"_key":"68602f31dabd1","_type":"span","marks":[],"text":"\nMichael 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ALTO, CA. –"},{"_key":"c2af86c2a3eb1","_type":"span","marks":[],"text":" Luminar Technologies, Inc. (“Luminar”), the global leader in automotive lidar hardware and software technology, which is currently in the process of becoming a public company through its expected merger with Gores Metropoulos, Inc. (Nasdaq: GMHI, GMHIU, GMHIW), a special purpose acquisition company, has struck a deal with Mobileye, an Intel company, to supply Luminar lidar for the company’s Autonomous Vehicle (AV) Series solution in its next phase of driverless car development and testing."}],"markDefs":[],"style":"normal"},{"_key":"8b63c054da4a","_type":"block","children":[{"_key":"065a7a667ac90","_type":"span","marks":[],"text":"As part of the agreement, Mobileye will collaborate with Luminar to use its lidar for the first generation of its level 4 Mobility-as-a-Service (MaaS) pilot and driverless fleet in key markets around the world, including Tel Aviv, Israel; Dubai, UAE; Paris, France; and Daegu City, South Korea."}],"markDefs":[],"style":"normal"},{"_key":"54945aaf2e20","_type":"block","children":[{"_key":"0b141d2fd20c0","_type":"span","marks":[],"text":"Luminar’s technology will be used to enable Mobileye’s "},{"_key":"0b141d2fd20c1","_type":"span","marks":["f229d2feaa44"],"text":"TRUE REDUNDANCY"},{"_key":"0b141d2fd20c2","_type":"span","marks":[],"text":"™ solution which is uniquely comprised of multiple self-contained sensor systems to enable uncompromised safety and validation for level 4 driving. By processing completely independent streams of data from 360-surround view cameras, lidar, and radar, the solution ensures significantly greater perception accuracy and eliminates the impact of disruptions to an individual sensor."}],"markDefs":[{"_key":"f229d2feaa44","_type":"link","href":"https://www.mobileye.com/true-redundancy/"}],"style":"normal"},{"_key":"856b8bae7724","_type":"block","children":[{"_key":"e1b379f968260","_type":"span","marks":[],"text":"“Mobileye disrupted the auto industry to become the undisputed king of ADAS, and with the right partner is uniquely positioned to enable autonomy at an unprecedented scale,” said Austin Russell, Founder and CEO of Luminar Technologies. “After collaborating with Mobileye for over a year, we’re excited to formalize this deal and work towards a shared vision of making autonomy safe and ubiquitous.”"}],"markDefs":[],"style":"normal"},{"_key":"858f98f33f57","_type":"block","children":[{"_key":"513dad8816890","_type":"span","marks":[],"text":"Luminar has secured a total of 50 commercial partners across passenger vehicle, trucking, and robo-taxi verticals, representing approximately 75% of major players in the targeted customer ecosystem. Luminar’s accelerating commercial traction has resulted in opportunities to convert 12 of its OEM programs and engagements from development stage into production. Key 2020 achievements across its three key verticals include:"}],"markDefs":[],"style":"normal"},{"_key":"2b01eea33a2a","_type":"block","children":[{"_key":"57ca62ca03800","_type":"span","marks":["strong"],"text":"Passenger Vehicle"},{"_key":"57ca62ca03801","_type":"span","marks":[],"text":" – Luminar has secured the industry’s first series production deal for consumer vehicles starting in 2022. Luminar remains on schedule with first Iris sensors now running live on vehicles. Luminar is partnered with seven of the top 10 largest automakers at various development stages, with timelines to series production landing between 2022-2025."}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"91438bb22676","_type":"block","children":[{"_key":"58280c2639d30","_type":"span","marks":["strong"],"text":"Trucking"},{"_key":"58280c2639d31","_type":"span","marks":[],"text":" – Luminar is partnered with the largest global truck OEM to commercialize Level 4 autonomous trucks for long-haul highway use cases; Luminar is now also powering all other major autonomous trucking programs globally."}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"5f664f39f282","_type":"block","children":[{"_key":"35e8e54d82ff0","_type":"span","marks":["strong"],"text":"Mobility-as-a-Service"},{"_key":"35e8e54d82ff1","_type":"span","marks":[],"text":" – Luminar is now working with a number of major next-generation autonomous robo-taxi programs, with particular focus on those closer to series production, including Mobileye’s internal Mobility-as-a-Service program.\n"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"0e605ba68824","_type":"block","children":[{"_key":"c6183ff00eda0","_type":"span","marks":[],"text":"A Mobileye autonomous development vehicle with Luminar lidar sensors on display at Mobileye’s Investor Day in 2019 (Credit: Walden Kirsch/Intel Corporation)"}],"markDefs":[],"style":"normal"},{"_key":"c933f9b1848f","_type":"block","children":[{"_key":"90119961e5080","_type":"span","marks":[],"text":"\n"},{"_key":"90119961e5081","_type":"span","marks":["strong"],"text":"ABOUT LUMINAR"},{"_key":"90119961e5082","_type":"span","marks":[],"text":"\nLuminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained 50 industry partners, including 7 of the top 10 global automotive OEMs, and has received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG and Volvo, a global leader in automotive safety, to bring autonomous trucks and cars to highways, respectively. Founded in 2012, Luminar is a 350-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. For more information please visit "},{"_key":"90119961e5083","_type":"span","marks":["7153709414ac"],"text":"www.luminartech.com"},{"_key":"90119961e5084","_type":"span","marks":[],"text":"."}],"markDefs":[{"_key":"7153709414ac","_type":"link","href":"http://www.luminartech.com/"}],"style":"normal"},{"_key":"9e3b55b66a67","_type":"block","children":[{"_key":"c3bc42c943880","_type":"span","marks":[],"text":"In August, Luminar announced it entered into a definitive agreement to merge with Gores Metropoulos, Inc. (Nasdaq: GMHI, GMHIU and GMHIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC. The transaction is expected to close in the fourth quarter of 2020, subject to regulatory and stockholder approvals, and other customary closing conditions. The combined company will retain the Luminar Technologies, Inc. name and will remain listed on Nasdaq under the new ticker symbol “LAZR.”"}],"markDefs":[],"style":"normal"},{"_key":"3cff973eeda3","_type":"block","children":[{"_key":"915b47125e020","_type":"span","marks":["strong","em"],"text":"Additional Information about the Transactions and Where to Find It"},{"_key":"915b47125e021","_type":"span","marks":[],"text":"\nGores Metropoulos has filed with the SEC a registration statement on Form S-4 (the “Registration Statement”) and has mailed the definitive proxy statement/consent solicitation statement/prospectus contained therein and other relevant documents to its stockholders. The Registration Statement is now effective. The Registration Statement, including the proxy statement/consent solicitation statement/prospectus contained therein, contains important information about the proposed transactions contemplated by the Merger Agreement and the other matters to be voted upon at a meeting of Gores Metropoulos’ stockholders to be held to approve the proposed transactions contemplated by the Merger Agreement and other matters (the “Special Meeting”) and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. "},{"_key":"915b47125e022","_type":"span","marks":["strong"],"text":"Gores Metropoulos stockholders and other interested persons are advised to read the Registration Statement and the proxy statement/consent solicitation statement/prospectus, as well as any amendments or supplements thereto, because they contain important information about the proposed transactions. The definitive proxy statement/consent solicitation statement/prospectus has been mailed to Gores Metropoulos stockholders as of October 14, 2020, the record date established for voting by Gores Metropoulos stockholders on the proposed transactions contemplated by the Merger Agreement and the other matters to be voted upon at the Special Meeting. 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Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Gores Metropoulos stockholders in connection with the proposed transactions contemplated by the Merger Agreement and other matters to be voted upon at the Special Meeting is set forth in the definitive proxy statement/consent solicitation statement/prospectus for the proposed transactions."},{"_key":"cfac57bbaaaa3","_type":"span","marks":[],"text":" Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transactions is included in the Registration Statement."}],"markDefs":[],"style":"normal"},{"_key":"26b954d7650b","_type":"block","children":[{"_key":"257f1e5a4b5c0","_type":"span","marks":["strong","em"],"text":"Forward Looking Statements"},{"_key":"257f1e5a4b5c1","_type":"span","marks":[],"text":"\nThis communication may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning Gores Metropoulos’ or Luminar’s possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities OEM conversions, potential timelines, and the effects of regulation, including whether this transaction will generate returns for stockholders. These forward-looking statements are based on Gores Metropoulos’ or Luminar’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements."}],"markDefs":[],"style":"normal"},{"_key":"3c76691d5886","_type":"block","children":[{"_key":"5cdec655379b0","_type":"span","marks":[],"text":"These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Gores Metropoulos’ or Luminar’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement and the proposed transactions contemplated thereby; (b) the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of the stockholders of Gores Metropoulos or other conditions to closing in the Merger Agreement; (c) the ability to meet Nasdaq’s listing standards following the consummation of the transactions contemplated by the Merger Agreement; (d) the risk that the proposed transactions disrupt current plans and operations of Luminar or its subsidiaries as a result of the announcement and consummation of the transactions described herein; (e) the ability to recognize the anticipated benefits of the proposed transactions, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (f) costs related to the proposed transactions; (g) changes in applicable laws or regulations; (h) the possibility that Luminar may be adversely affected by other economic, business and/or competitive factors; and (i) other risks and uncertainties indicated from time to time in the final prospectus of Gores Metropoulos, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by Gores Metropoulos. 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Additional risks and uncertainties are identified and discussed in Gores Metropoulos’ reports filed with the SEC and available at the SEC’s website at "},{"_key":"76c962677e9a1","_type":"span","marks":["29c1bae6ac37"],"text":"www.sec.gov"},{"_key":"76c962677e9a2","_type":"span","marks":[],"text":"."}],"markDefs":[{"_key":"29c1bae6ac37","_type":"link","href":"https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52324137&newsitemid=20201110005750&lan=en-US&anchor=www.sec.gov&index=5&md5=398910038f773d0eb777e27e940de159"}],"style":"normal"},{"_key":"81a17cd52367","_type":"block","children":[{"_key":"b2bb8fd7fa5d0","_type":"span","marks":["strong","em"],"text":"Disclaimer"},{"_key":"b2bb8fd7fa5d1","_type":"span","marks":[],"text":"\nThis communication is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the proposed transactions or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. 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This Q&A platform will remain open through the duration of the webcast on Tuesday, August 8, 2023. A selection of submitted questions will be answered during the earnings call."}],"markDefs":[{"_key":"9b6252037107","_type":"link","href":"https://app.saytechnologies.com/luminar-2023-q2"}],"style":"normal"},{"_key":"a2b6d6a2816d","_type":"block","children":[{"_key":"62652d225807","_type":"span","marks":["strong"],"text":"What"},{"_key":"f427393fde81","_type":"span","marks":[],"text":": Webcast featuring second-quarter 2023 financials, business update and live Q&A"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"e794827bdd51","_type":"block","children":[{"_key":"fa4a916c5ecd","_type":"span","marks":["strong"],"text":"Date"},{"_key":"303c9f11bfa0","_type":"span","marks":[],"text":": Tuesday, August 8, 2023"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"9fe0eacb1c0a","_type":"block","children":[{"_key":"abc9504e069e","_type":"span","marks":["strong"],"text":"Time:"},{"_key":"015522dbc211","_type":"span","marks":[],"text":" 2:00 p.m. PDT (5:00 p.m. EDT)"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"4649f9a5cc7e","_type":"block","children":[{"_key":"f8395b3c7e88","_type":"span","marks":["strong"],"text":"Location"},{"_key":"2da219323d0b","_type":"span","marks":[],"text":": The webcast will be available live on Luminar's Investor site at "},{"_key":"2206f80f3994","_type":"span","marks":["93c09a0c1c1f"],"text":"https://www.luminartech.com/quarterlyreview"},{"_key":"be74646c08d2","_type":"span","marks":[],"text":". A replay of the webcast will be available following the presentation. "}],"level":1,"listItem":"bullet","markDefs":[{"_key":"93c09a0c1c1f","_type":"link","href":"https://www.luminartech.com/quarterlyreview"}],"style":"normal"},{"_key":"a04461fd19a1","_type":"block","children":[{"_key":"21886ca9ca24","_type":"span","marks":[],"text":"\nFor additional information or to be added to our investor distribution list, please visit us at "},{"_key":"741567b8f83c","_type":"span","marks":["3c173cdcee90"],"text":"https://investors.luminartech.com/ir-resources/email-alerts"},{"_key":"47fd5aa8c114","_type":"span","marks":[],"text":".\n"}],"markDefs":[{"_key":"3c173cdcee90","_type":"link","href":"https://investors.luminartech.com/ir-resources/email-alerts"}],"style":"normal"},{"_key":"d95434f9c897","_type":"block","children":[{"_key":"8e795cb3eb9b","_type":"span","marks":["strong"],"text":"About Luminar:"},{"_key":"cbc069babf59","_type":"span","marks":[],"text":"\nLuminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. 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FL / STUTTGART, Germany –– "},{"_key":"2a1e055dab4b1","_type":"span","marks":[],"text":"Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced today a sweeping expansion of its partnership with Mercedes-Benz to safely enable enhanced automated driving capabilities across a broad range of next-generation production vehicle lines as part of the automaker’s next-generation lineup. Luminar’s Iris entered its first series production in October 2022 and the company’s Mercedes-Benz program has successfully completed the initial phase and the associated milestones."}],"markDefs":[],"style":"normal"},{"_key":"46616530bfdb","_type":"block","children":[{"_key":"98a92588961b0","_type":"span","marks":[],"text":"After two years of close collaboration between the two companies, Mercedes-Benz now plans to integrate the next generation of Luminar’s Iris lidar and its associated software technology across a broad range of its next-generation production vehicle lines by mid-decade. The performance of the next-generation Iris is tailored to meet the demanding requirements of Mercedes-Benz for a new conditionally automated driving system that is planned to operate at higher speed for freeways, as well as for enhanced driver assistance systems for urban environments. It will also be simplifying the design integration with a sleeker profile. This multi-billion dollar deal is a milestone moment for the two companies and the industry and is poised to substantially enhance the technical capabilities and safety of conditionally automated driving systems."}],"markDefs":[],"style":"normal"},{"_key":"9f70ec497d42","_type":"block","children":[{"_key":"48ab46727a990","_type":"span","marks":[],"text":"“Mercedes’ standards for vehicle safety and performance are among the highest in the industry, and their decision to double down on Luminar reinforces that commitment,” said Austin Russell, Founder and CEO of Luminar. “We are now set to enable the broadest scale deployment of this technology in the industry. It’s been an incredible sprint so far, and we are fully committed to making this happen – together with Mercedes-Benz.”"}],"markDefs":[],"style":"normal"},{"_key":"2313ceed120e","_type":"block","children":[{"_key":"9416bf34a1e20","_type":"span","marks":[],"text":"“In a first step we have introduced a Level 3 system in our top line models. Next, we want to implement advanced automated driving features in a broader scale within our portfolio,” said Markus Schäfer, Member of the Board of Management of Mercedes Benz Group AG and Chief Technology Officer, Development & Procurement. “I am convinced that Luminar is a great partner to help realize our vision and roadmap for automated and accident-free driving.”\n"}],"markDefs":[],"style":"normal"},{"_key":"2a67baa040bc","_type":"block","children":[{"_key":"8ba626e244b40","_type":"span","marks":["strong"],"text":"About Luminar"}],"markDefs":[],"style":"normal"},{"_key":"6e7296f9c9c7","_type":"block","children":[{"_key":"6cdc07d796cf0","_type":"span","marks":[],"text":"Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software platform to enable its more than 50 industry partners, including the majority of global automotive OEMs. From Volvo Cars for consumer vehicles and Daimler Truck AG for commercial trucks, to tech partners NVIDIA and Intel’s Mobileye, Luminar is the first automotive technology company to enable next-generation safety and autonomous capabilities for production vehicles. For more information please visit www.luminartech.com.\n"}],"markDefs":[],"style":"normal"},{"_key":"b55c150d3c22","_type":"block","children":[{"_key":"284f163679920","_type":"span","marks":["strong"],"text":"Mercedes-Benz AG at a glance"}],"markDefs":[],"style":"normal"},{"_key":"437f791487d8","_type":"block","children":[{"_key":"f3a0e3bb8ccc0","_type":"span","marks":[],"text":"Mercedes-Benz AG is responsible for the global business of Mercedes-Benz Cars and Mercedes-Benz Vans, with over 170,000 employees worldwide. Ola Källenius is Chairman of the Board of Management of Mercedes-Benz AG. The company focuses on the development, production and sales of passenger cars, vans and vehicle-related services. Furthermore, the company aspires to be the leader in the fields of electric mobility and vehicle software. The product portfolio comprises the Mercedes-Benz brand with the brands of Mercedes-AMG, Mercedes-Maybach, Mercedes-EQ, G-"}],"markDefs":[],"style":"normal"},{"_key":"61dbf3fd4460","_type":"block","children":[{"_key":"2b297a19d9dd0","_type":"span","marks":[],"text":"Class and the smart brand. The Mercedes me brand offers access to the digital services from Mercedes-Benz. Mercedes Benz AG is one of the world's largest manufacturers of luxury passenger cars. In 2020 it sold around 2.1 million passenger cars and nearly 375,000 vans. In its two business segments, Mercedes-Benz AG is continually expanding its worldwide production network with around 35 production sites on four continents, while gearing itself to meet the requirements of electric mobility. At the same time, the company is constructing and extending its global battery production network on three continents. As sustainability is the guiding principle of the Mercedes-Benz strategy and for the company itself, this means creating lasting value for all stakeholders: for customers, employees, investors, business partners and society as a whole. The basis for this is Daimler's sustainable business strategy. The company thus takes responsibility for the economic, ecological and social effects of its business activities and looks at the entire value chain."}],"markDefs":[],"style":"normal"},{"_key":"b56ac5e5080a","_type":"block","children":[{"_key":"0ec4e16fa749","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"103a76a9f584","_type":"block","children":[{"_key":"95a4c82a49350","_type":"span","marks":["strong"],"text":"Forward-Looking Statements"}],"markDefs":[],"style":"normal"},{"_key":"d95515f46b2e","_type":"block","children":[{"_key":"ef2c544da1310","_type":"span","marks":[],"text":"Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “aims”, “believe,” “may,” “will,” “estimate,” “set,” “continue,” “towards,” “anticipate,” “intend,” “expect,” “should,” “would,” “forward,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our expectations that our deal with Mercedes-Benz will lead to series production on a broad range of next-generation production vehicle lines of Mercedes-Benz, that Mercedes Benz will launch a SAE Level 3 conditionally automated driving system on consumer vehicles, and that such system will be successfully integrated across it's vehicle lines. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties, including successful development and industrialization our lidar technology; successful program integration with Mercedes Benz; successful feature integration by Mercedes-Benz; changes in Mercedes-Benz vehicle line plans; changes in market conditions; consumer desirability for such products and government authorization to use them; or other risks, that could cause actual results to differ materially from the forward-looking statements including the risks discussed under the heading “Risk Factors” in the Annual Report on Form 10-K filed by Luminar on March 1, 2022, and other documents Luminar files periodically with the SEC. 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Over the next 18 months, the company is scaling its technology into series production, starting with Volvo in 2022, and will begin shipping its Iris sensing and perception platform within the year.\n\nThe company’s new Chief Financial Officer, Tom Fennimore, previously Global Head of Automotive for Goldman Sachs and most recently at Jefferies Group, LLC. Over the last 25 years, Tom led many of the industry’s most significant and successful financial endeavors, including the likes of Tesla and Mobileye’s IPOs.\n\nMatthew Simoncini, the former President, CEO, and Director at Lear Corporation joins Luminar’s Board of Directors.\n\nMarc Losewitz and Aaron Jefferson, former ZF Group executives in ADAS, join Luminar as Vice President of Automotive Business Development and Vice President of Product, respectively. Marc led the global Active and Passive Safety product lines with direct responsibility for building and maintaining over a $1B P&L. Aaron led the cross-functional global Product Management organization with a focus on ADAS and related products.\n\nAlso joining the automotive business team is Jason Rudd, who served for 11 years at Mobileye as Senior Director OEM and Tier1 Sales. Jason will be driving Luminar’s growing European business presence and programs. This new leadership establishes a deeper presence for Luminar in Detroit as well as the EU.\n\n“We’ve been rapidly evolving from a tech development company working with R&D programs to now the first company enabling autonomy in automotive series production. This enables us to attract the top leaders across the industry as we establish a greater presence in automotive and focus on rapid execution and scale,” said Austin Russell, Founder and CEO of Luminar Technologies. “There is no precedent or playbook for what we’re building, so having the best strategic minds to solve complex problems and execute solutions is paramount to our long-term success.”\n\nPrior to these additions, Luminar also appointed Lonnie Bernardoni as Vice President, Supply Chain to ramp up the company’s production of its Iris sensing technology for 2022 series production. Lonnie was previously Vice President of Supply Chain and Operations at Magic Leap, establishing highly sophisticated optical manufacturing processes and a supply chain capable of high volume.\n\nBiographies:\n\nTom Fennimore, Chief Financial Officer\nFor the past 25 years, Tom led many of the automotive industry’s most significant and successful financial endeavors that have shaped the future of the industry globally. From 2014 to May 2020, Tom was the Global Head of Automotive and the Co-Head of the Industrials Group at Jefferies Group, LLC, and for 17 years prior, at Goldman Sachs in a variety of roles, including Global Head of Automotive and Co-Head of Goldman’s Industrials Group based in Beijing, China. Over that time, Tom managed IPOs, financings, and M&As for the likes of Tesla, Mobileye, Sensata, GM, Fiat Chrysler, BYD, Beijing Auto, Guangzhou Auto, Ballard Power, Cobasys, Key Safety Systems, Takata, Tower Automotive, Delphi, TowerSec, Visteon and many others.\n\nMatthew Simoncini, Board Member\nMatthew has over 35 years of experience in the automotive and automotive-related industries in evaluating companies, emerging technologies, and management teams, with significant expertise in due diligence and assessing the suitability of acquisition opportunities. As President and Chief Executive Officer of Lear from 2011 to 2018, Matthew was responsible for the company's strategic direction and operational leadership. Previously he was Lear’s Chief Financial Officer, responsible for global finance operations. He joined Lear in 1999 after Lear acquired UTA, where he was Director of Global Financial Planning & Analysis. He has also held financial and manufacturing positions with Varity Corporation's Kelsey-Hayes Company and Horizon Enterprises Inc. He began his career at Touche Ross & Co. and is a certified public accountant.\n\nMarc Losiewicz, Vice President of Automotive Business Development\nMarc has spent the last two decades in automotive bringing complex electronic and embedded systems from concept to market on a global scale. He has extensive global experience collaborating with major Automotive OEMs, Tier 1 and 2+ suppliers, and Commercial Vehicle players. Prior to joining Luminar, Marc worked for three major automotive global Tier 1’s including: Continental Automotive, TRW and most recently ZF Friedrichshafen where he managed the ADAS product line.\n\nAaron Jefferson, Vice President of Product\nWith a career spanning over 20 years, Aaron has been at the forefront of delivering new technologies from Electrification and Power Electronics to ADAS and Automated Driving systems; most recently leading the global product strategy and ADAS product growth at ZF Friedrichshafen. Prior to joining ZF, Aaron spent over 15 years at Delphi (now Aptiv) and was responsible for establishing the ADAS product management and strategy process which led to a revamped product portfolio and a book of business wins exceeding $2 billion year-over-year.\n\nJason Rudd, Head of European Business Development\nJason brings nearly 25 years of industrial and automotive high-tech experience, having served most recently as VP Sales & Marketing at Neteera Technologies in Jerusalem. Prior to Neteera, Jason was the Senior Director of OEM & Tier1 Sales at Mobileye Vision Technologies for 11 years, leading sales and business development activities in Mobileye's OEM division, from late 2006 through IPO, until the Intel acquisition of Mobileye. Before joining Mobileye Jason took his first steps in the automotive world at TRW in the UK, leading sales activities as Global Sales Champion in the fledgling ADAS market for both camera and radar-based technologies.\n"}],"markDefs":[],"style":"normal"},{"_key":"8fd1beeff360","_type":"block","children":[{"_key":"cb93955d584c0","_type":"span","marks":["strong"],"text":"###"}],"markDefs":[],"style":"normal"},{"_key":"560826f7703f","_type":"block","children":[{"_key":"487e0da3a97c0","_type":"span","marks":["strong"],"text":"ABOUT LUMINAR"}],"markDefs":[],"style":"normal"},{"_key":"5a19bdf43394","_type":"block","children":[{"_key":"cb56b21b81df0","_type":"span","marks":[],"text":"Luminar is an autonomous vehicle sensor and software company with the vision to power every autonomous vehicle by delivering the only LiDAR capable of making them both safe and ubiquitous. Founded in 2012, Luminar is a 350-person team across Palo Alto, Orlando and Colorado Springs, and has raised more than $250M from prominent venture funds. Today, 12 of the world’s top 15 automotive companies are working with Luminar’s breakthrough technology as part of their global autonomous development programs, including Volvo Cars, Toyota Research Institute, and VW/Audi’s subsidiary, AID."}],"markDefs":[],"style":"normal"}]}],"publishDate":null,"robots":false,"seo":{"_type":"seo","description":"Today, Luminar announced a significant expansion of its leadership as it drives into its next phase of growth in automotive. Over the next 18 months, the company is scaling its technology into series production, starting with Volvo in 2022, and will begin shipping its Iris sensing and perception platform within the year. 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and a sneak peek at a unique vehicle\ncollaboration with one of the world’s leading automakers. In addition, the all new Polestar 3 equipped with Luminar LiDAR will be on display in the Luminar booth."}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"3cc9dba8351b","_type":"block","children":[{"_key":"04fcf6ee98af","_type":"span","marks":["strong"],"text":"WHEN:"},{"_key":"8db3cd0ba1aa","_type":"span","marks":[],"text":" Tuesday, January 9 at 12:00pm PDT"}],"level":1,"listItem":"bullet","markDefs":[{"_key":"cd6bad383a6a","_type":"link","href":"Press@luminartech.com"}],"style":"normal"},{"_key":"a0568ad7d7cf","_type":"block","children":[{"_key":"dce869141d4f","_type":"span","marks":["strong"],"text":"WHERE:"},{"_key":"dde69b7bbe9e","_type":"span","marks":[],"text":" Las Vegas Convention Center West Hall, booth #5917"}],"level":1,"listItem":"bullet","markDefs":[{"_key":"cd6bad383a6a","_type":"link","href":"Press@luminartech.com"}],"style":"normal"},{"_key":"a4ea8e8b5f23","_type":"block","children":[{"_key":"dbe85eafc29f","_type":"span","marks":["strong"],"text":"HOW:"},{"_key":"999ee9f8e98e","_type":"span","marks":[],"text":" Space is limited, to secure your spot, please email: "},{"_key":"99c15d29399c","_type":"span","marks":["cd6bad383a6a"],"text":"Press@luminartech.com"}],"level":1,"listItem":"bullet","markDefs":[{"_key":"cd6bad383a6a","_type":"link","href":"Press@luminartech.com"}],"style":"normal"},{"_key":"24d7b608a70b","_type":"block","children":[{"_key":"88811471b6fc","_type":"span","marks":[],"text":"\n"},{"_key":"be63e355d944","_type":"span","marks":["strong"],"text":"Proactive Safety™ Demonstrations + Trucking Partner Exhibitions"}],"markDefs":[],"style":"normal"},{"_key":"90826188c74c","_type":"block","children":[{"_key":"a84d30bba0d3","_type":"span","marks":["strong"],"text":"WHAT:"},{"_key":"834dc068e62d","_type":"span","marks":[],"text":" Visit Luminar’s outdoor demo area to participate in live-on-track crash avoidance vehicle demonstrations, including first time live demonstrations of Luminar’s Automatic Emergency Steering (AES) capabilities. Participants will experience first-hand how Luminar’s Iris+ LiDAR-powered Proactive Safety™provides higher-confidence detection, faster and farther than today’s most advanced camera and radar powered ADAS systems, and how new AES capabilities can help avoid collisions at high speeds without driver intervention. Luminar’s outdoor exhibit will also feature autonomous trucks equipped with Luminar LiDAR from Kodiak Robotics and Plus."}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"52b948947b13","_type":"block","children":[{"_key":"49ca5b70a0c7","_type":"span","marks":["strong"],"text":"WHEN:"},{"_key":"b93713e77722","_type":"span","marks":[],"text":" Tuesday, January 9 - Friday, January 12 from 9:00AM - 6:00PM PDT (times may vary by day)"}],"level":1,"listItem":"bullet","markDefs":[],"style":"normal"},{"_key":"b119b68690b1","_type":"block","children":[{"_key":"b690387971f9","_type":"span","marks":["strong"],"text":"WHERE:"},{"_key":"4fd283bbed61","_type":"span","marks":[],"text":" Las Vegas Convention Center West Plaza Lot #WP-10"}],"level":1,"listItem":"bullet","markDefs":[{"_key":"8f6df13d4660","_type":"link","href":"Press@luminartech.com"}],"style":"normal"},{"_key":"f9b656154823","_type":"block","children":[{"_key":"555750dc747a","_type":"span","marks":["strong"],"text":"HOW:"},{"_key":"9af4e9ce741d","_type":"span","marks":[],"text":" Space is limited, to secure your spot, please email: "},{"_key":"5d4676d5ab48","_type":"span","marks":["8f6df13d4660"],"text":"Press@luminartech.com"}],"level":1,"listItem":"bullet","markDefs":[{"_key":"8f6df13d4660","_type":"link","href":"Press@luminartech.com"}],"style":"normal"},{"_key":"09b9408e4939","_type":"block","children":[{"_key":"f72fabe49fad","_type":"span","marks":[],"text":"\n"},{"_key":"e5fe3e124bd5","_type":"span","marks":["strong"],"text":"About Luminar"},{"_key":"090d48200f34","_type":"span","marks":[],"text":"\nLuminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software/AI platform to enable its more than 50 industry partners, including the majority of global automotive OEMs. From consumer vehicle programs with Volvo Cars and Mercedes-Benz to technology partnerships including NVIDIA and Mobileye, Luminar is poised to be the first automotive technology company to enable next-generation safety and autonomous capabilities for global production vehicles. For more information please visit "},{"_key":"f9bdbfc8b5ae","_type":"span","marks":["55da8252d9f4"],"text":"www.luminartech.com"},{"_key":"18bba66db91c","_type":"span","marks":[],"text":".\n\n"},{"_key":"262cf703543b","_type":"span","marks":["strong"],"text":"Contacts"},{"_key":"f08c6dcbccb0","_type":"span","marks":[],"text":"\nMedia Relations:\nMilin Mehta\n"},{"_key":"0a561568b906","_type":"span","marks":["fcd929bbe4bb"],"text":"Press@luminartech.com"},{"_key":"709927980db5","_type":"span","marks":[],"text":"\n\nInvestor Relations:\nAileen Smith\n"},{"_key":"4233a2640e09","_type":"span","marks":["f4918a8e158c"],"text":"Investors@luminartech.com"}],"markDefs":[{"_key":"fcd929bbe4bb","_type":"link","href":"Press@luminartech.com"},{"_key":"f4918a8e158c","_type":"link","href":"Investors@luminartech.com"},{"_key":"55da8252d9f4","_type":"link","href":"www.luminartech.com"}],"style":"normal"}]}],"publishDate":null,"robots":true,"seo":{"_type":"seo","description":"Luminar (Nasdaq: LAZR), a leading global automotive technology company, will host a press conference to share the latest news from Luminar, and debut its Automatic Emergency Steering (AES) capabilities using the new Iris+ LiDAR as a part of our Proactive Safety crash avoidance vehicle demonstrations at CES 2024. 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York, NY —"},{"_key":"4626955a773d1","_type":"span","marks":[],"text":" Today, at its inaugural Studio Day in New York City, Luminar Technologies, Inc (Nasdaq: LAZR) introduced Blade, its vision for the future of design and integration of autonomous technology across robo-taxis, trucking and consumer cars. Luminar also showcased the first consumer vehicle fully integrated with Luminar’s Iris lidar, which is on-track for series production with Luminar’s OEM partners, starting in late 2022. The company is kicking off a global customer roadshow this week to demonstrate the performance, capabilities, and design integration of Iris."}],"markDefs":[],"style":"normal"},{"_key":"d795ea7bf525","_type":"block","children":[{"_key":"67566940c0e10","_type":"span","marks":[],"text":"“Luminar is making the transition from the leader in lidar to the leader in automotive autonomy and safety. Historically autonomous vehicle companies have been exclusively focused on robo-taxis, but our focus has been building the technology foundation for autonomy starting with consumer vehicles and moving across verticals including trucks and robo-taxis,” said Austin Russell, Founder and CEO of Luminar. “Ultimately, it takes more than just great technology to deliver great design, and that’s exactly why we’re proud to show off the Blade concept with Iris that goes beyond the cars of today and visualizes the robo-taxis and trucks of tomorrow.”"}],"markDefs":[],"style":"normal"}]},{"_key":"1cf8cfc8d2ac","_type":"assetBlock","assetLandscape":{"_type":"assetImage","image":{"_type":"image","alt":null,"asset":{"_createdAt":"2022-10-25T21:26:07Z","_id":"image-d46d9937dc5c4f69f6fb93e5eb0cd7ef21f24abb-768x432-webp","_rev":"AUKTi1UcP0J6gcnH3Fxfep","_type":"sanity.imageAsset","_updatedAt":"2022-10-25T21:26:07Z","assetId":"d46d9937dc5c4f69f6fb93e5eb0cd7ef21f24abb","extension":"webp","metadata":{"_type":"sanity.imageMetadata","blurHash":"M66a#$NPM@xSRK?dk8V;%4RUD|$[oRxwV%","dimensions":{"_type":"sanity.imageDimensions","aspectRatio":1.7777777777777777,"height":432,"width":768},"hasAlpha":false,"isOpaque":true,"lqip":"data:image/jpeg;base64,/9j/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj/wAARCAALABQDASIAAhEBAxEB/8QAGQAAAgMBAAAAAAAAAAAAAAAAAAUCBAYH/8QAIhAAAgEEAgEFAAAAAAAAAAAAAQIDAAURIQQSEzFBcZHR/8QAFgEBAQEAAAAAAAAAAAAAAAAAAgQF/8QAHBEAAgICAwAAAAAAAAAAAAAAAQIAERIhQVGh/9oADAMBAAIRAxEAPwDhVnih51vn7SiJY9+IHAP7TKMWvjW5VaSNWkQjvGcMre1Y+IkRvgkfFQjAPbO61iyhQoUQ47jJ7dCzFmuMJJ3v1oqugHUaH1RU9js+R4PxU//Z","palette":{"_type":"sanity.imagePalette","darkMuted":{"_type":"sanity.imagePaletteSwatch","background":"#5d2e39","foreground":"#fff","population":1.92,"title":"#fff"},"darkVibrant":{"_type":"sanity.imagePaletteSwatch","background":"#0c0424","foreground":"#fff","population":18.73,"title":"#fff"},"dominant":{"_type":"sanity.imagePaletteSwatch","background":"#0c0424","foreground":"#fff","population":18.73,"title":"#fff"},"lightMuted":{"_type":"sanity.imagePaletteSwatch","background":"#acabce","foreground":"#000","population":0.92,"title":"#fff"},"lightVibrant":{"_type":"sanity.imagePaletteSwatch","background":"#5755eb","foreground":"#fff","population":1,"title":"#fff"},"muted":{"_type":"sanity.imagePaletteSwatch","background":"#5cb050","foreground":"#fff","population":0.15,"title":"#fff"},"vibrant":{"_type":"sanity.imagePaletteSwatch","background":"#e4161b","foreground":"#fff","population":1.75,"title":"#fff"}}},"mimeType":"image/webp","originalFilename":"Blade_Luminar-scaled.webp","path":"images/xvgr2lpj/production/d46d9937dc5c4f69f6fb93e5eb0cd7ef21f24abb-768x432.webp","sha1hash":"d46d9937dc5c4f69f6fb93e5eb0cd7ef21f24abb","size":26620,"uploadId":"rD1eGsjR6LkugiOGh86VX3YXSRtI4lz2","url":"https://cdn.sanity.io/images/xvgr2lpj/production/d46d9937dc5c4f69f6fb93e5eb0cd7ef21f24abb-768x432.webp"},"crop":null,"hotspot":null}},"assetPortrait":null,"caption":null},{"_key":"43da225a3316","_type":"textBlock","body":[{"_key":"98bf9d9ca35a","_type":"block","children":[{"_key":"8cb9c0815a5c0","_type":"span","marks":["strong"],"text":"Blade: The Autonomous Design Imperative"},{"_key":"8cb9c0815a5c1","_type":"span","marks":[],"text":"\nWhen it comes to automotive, harmony of form, function and technology is a paramount ideal for consumers and car makers. Blade is a first-ever concept and a powerful design expression of autonomous technology seamlessly integrated into cars, trucks and robo-taxis. It creates a foundation for a new vehicle architecture that automakers can incorporate into vehicle development programs from the onset. The Blade concepts unveiled today for robo-taxi and trucking represent a creative collaboration between Luminar and NewDealDesign, led by acclaimed technology designer Gadi Amit."}],"markDefs":[],"style":"normal"},{"_key":"b7e118eca698","_type":"block","children":[{"_key":"55621804964d0","_type":"span","marks":[],"text":"“To create the best car design and user experience, autonomous technology must be engineered and designed hand-in-hand from the ground up,” said Jason Wojack, Senior Vice President of Product Development at Luminar who honed his design-meets-engineering sensibility as the chief architect of the Motorola Droid RAZR, which revolutionized the slimness of phones. “Focusing on form and function at not just the lidar-level but the vehicle-level has enabled Luminar to spearhead the design integration of autonomous technology, which is among the fastest design breakthroughs in automotive history.”"}],"markDefs":[],"style":"normal"},{"_key":"cafafcedcb7a","_type":"block","children":[{"_key":"87d74746f35b0","_type":"span","marks":[],"text":"Luminar’s Iris is the first autonomous technology designed to marry form and function: it combines performance, auto-grade robustness, scalability, and automotive aesthetic seamlessly. Iris was designed from the beginning to be cleanly integrated into the vehicle roofline, displacing the roof-rack style conglomerates historically seen on autonomous development vehicles and leapfrogging bolt-on products in development."}],"markDefs":[],"style":"normal"},{"_key":"6223322d897f","_type":"block","children":[{"_key":"449d3c7eccc10","_type":"span","marks":[],"text":"“Many technology companies under-appreciate the importance of design in envisioning fundamental technology architecture, especially when it comes to automotive. Luminar has redefined AV design with seamless consumer vehicle integration, and is taking it to the next level with the Blade concept,” said Amit. “We hope that Blade can become the manifestation of blending lidar, autonomy, and next-generation vehicle design in an optimized and iconic way.”"}],"markDefs":[],"style":"normal"},{"_key":"dd62cd9a8085","_type":"block","children":[{"_key":"7f15747457420","_type":"span","marks":[],"text":"Luminar unveiled two Blade blueprints, which speak to the unique design and use case requirements for robo-taxi and trucking. 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The new Blade designs give Luminar partners a reference for incorporating Luminar’s technology into their future vehicles and demonstrates the company’s commitment to not only delivering leading-edge technology but also beautiful design integration."}],"markDefs":[],"style":"normal"},{"_key":"47682005bcae","_type":"block","children":[{"_key":"ed32b73ad2d80","_type":"span","marks":[],"text":"To view a replay of today’s webcast, please visit "},{"_key":"ed32b73ad2d81","_type":"span","marks":["08414c68f896"],"text":"www.luminartech.com"},{"_key":"ed32b73ad2d82","_type":"span","marks":[],"text":"/studioday; and follow the Iris roadshow on Twitter @luminartech."}],"markDefs":[{"_key":"08414c68f896","_type":"link","href":"http://www.luminartech.com/"}],"style":"normal"},{"_key":"df19f6831a59","_type":"block","children":[{"_key":"059e9c974bbe0","_type":"span","marks":["strong"],"text":"About Luminar Technologies:"},{"_key":"059e9c974bbe1","_type":"span","marks":[],"text":"\nLuminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including 8 of the top 10 global automotive OEMs. In 2020, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars, while also recently striking deals with Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG, and Volvo Cars, a global leader in automotive safety, to accelerate the introduction of autonomous trucks and cars at highway speed. Founded in 2012, Luminar is a 400-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. 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These forward-looking statements include, but are not limited to, statements regarding progress towards series production of the first consumer vehicle fully integrated with Luminar’s Iris lidar and beginning in 2022, including Volvo Cars, SAIC, Daimler Trucks North America and Pony.ai, Luminar’s transition to becoming the leader in automotive autonomy and safety, statements regarding the Blade blueprints and what they imagine, and the prospect of Luminar partners incorporating Luminar’s technology into their future vehicles. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to Luminar’s financial condition, Luminar’s limited operating history; Luminar’s inability to reduce and control the cost of the inputs on which Luminar relies; Luminar’s ability to transition to an outsourced manufacturing business model; the success of Luminar’s customers in developing and commercializing products using Luminar’s solutions; Luminar’s ability to expand operations in China; Luminar’s ability to protect its intellectual property rights; whether Luminar’s lidar products are selected for inclusion in autonomous driving or ADAS systems by automotive OEMs or their suppliers; changes in personnel and availability of qualified personnel; the amount and timing of future sales; the extent to which customers who have selected Luminar for a program win commercially launch vehicles which include Luminar hardware and software products, including their success in integration and volume and timing of such launch, and whether such launches are successful unrelated to Luminar’s technology; the extent to which delays in commercial launch or testing and development are delayed because of regulation; customer cancellation of contracts; whether the complexity of Luminar’s products results in undetected defects and reliability issues which could reduce market adoption of its new products, damage its reputation and expose Luminar to product liability and other claims; strict government regulation that is subject to amendment, repeal or new interpretation and Luminar’s ability to comply with modified or new laws and regulations applying to its business; general economic uncertainty and the effect of general economic conditions on Luminar’s industry in particular, including the level of demand and financial performance of the autonomous vehicle industry and market adoption of lidar; and the other risks discussed under the heading “Risk Factors” in the Annual Report on Form 10-K filed by Luminar on April 14, 2021, the registration statement on Form S-1 (No. 333-251657) filed with the SEC and amendments thereto (including the post-effective amendment filed with the SEC on May 21, 2021), and other documents Luminar files with the SEC in the future. 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Alto, CA —"},{"_key":"0dd3c0bc86941","_type":"span","marks":[],"text":" Luminar Technologies, Inc. (“Luminar” or “the Company”) (Nasdaq: LAZR), the global leader in automotive lidar hardware and software technology, announced today that it has appointed to its Board Katharine “Katie” A. Martin, Chair of the Board of Wilson Sonsini Goodrich & Rosati, and Dr. Mary Lou Jepsen, a technology industry executive who is currently the CEO, Founder and Chair of the Board of medical laser imaging device company Openwater as well as Director at Lear Corporation."}],"markDefs":[],"style":"normal"},{"_key":"f4b1c0aad667","_type":"block","children":[{"_key":"5e0ae40077390","_type":"span","marks":[],"text":"“We are very fortunate to have the opportunity to welcome both Mary Lou and Katie to our Board as renowned experts and leaders in their respective fields who will help guide Luminar as we continue to execute and scale,” said Austin Russell, Founder and CEO of Luminar. “Mary Lou is a true inspirational leader in the technology industry. She has successfully built and scaled companies developing complex hardware technologies through mass production, and has advised and led engineering divisions for some of the most prominent global tech companies like Google, Intel, and Facebook. Her lasting contributions to society have been nothing short of incredibly impressive, and I look forward to her contributions at Luminar as we enter series production next year. Similarly, Katie’s extensive leadership experience at the fabled firm Wilson Sonsini will prove invaluable to Luminar, having advised some of the most successful technology companies and prominent founder/CEO’s of our generation on corporate and strategic matters as they transition into life as a public company. Benefiting from the insights and industry experience of Mary Lou and Katie is a huge win for Luminar, and comes at a pivotal time in our history.”"}],"markDefs":[],"style":"normal"},{"_key":"539a756da35b","_type":"block","children":[{"_key":"bf93a34dd9f20","_type":"span","marks":["strong","em"],"text":"About Dr. Mary Lou Jepsen:"},{"_key":"bf93a34dd9f21","_type":"span","marks":[],"text":"\nDr. Jepsen is CEO, Founder and Chair of the Board of Openwater, a San Francisco-based medical laser imaging device technology company. She also serves as a Director on the Board of Lear Corporation, a Fortune 150 automotive components supplier."}],"markDefs":[],"style":"normal"},{"_key":"f25bfff09125","_type":"block","children":[{"_key":"e65c98be8bc60","_type":"span","marks":[],"text":"As a prolific inventor and entrepreneur, Dr. Jepsen has been named as one of the 100 most influential people in the world by Time Magazine (“Time 100”), in addition to CNN’s top 10 thinkers in science and technology. She has over 200 patents published or issued to her name."}],"markDefs":[],"style":"normal"},{"_key":"bee5b62769a5","_type":"block","children":[{"_key":"a285eefb86450","_type":"span","marks":[],"text":"Previously, Dr. Jepsen served as the Executive Director of Engineering at Facebook, Inc. and Head of Display Technologies at Oculus, and she has also held similar roles at Google, Inc. and X (formerly Google[x]). Prior to this, Dr. Jepsen was a professor at MIT and co-founded the nonprofit organization “One Laptop per Child,” for which she served as CTO and lead architect on design, cost-down, and scale components for the $100 laptops that were successfully shipped to millions of children in the developing world."}],"markDefs":[],"style":"normal"},{"_key":"12ffca9d6603","_type":"block","children":[{"_key":"df523ec757620","_type":"span","marks":[],"text":"Dr. Jepsen received her Ph.D. in Optical Physics as well as her Sc.B. in Electrical Engineering and Studio Art from Brown University."}],"markDefs":[],"style":"normal"},{"_key":"24ae1b952d90","_type":"block","children":[{"_key":"df68ebf5de790","_type":"span","marks":["strong","em"],"text":"About Katharine “Katie” A. Martin:"},{"_key":"df68ebf5de791","_type":"span","marks":[],"text":"\nMs. Martin is Chair of the Board of Wilson Sonsini Goodrich & Rosati and a Partner practicing corporate and securities law in the firm’s Palo Alto headquarters, which plays an active role in Silicon Valley’s technology ecosystem by working with top innovators and entrepreneurs of technology and life sciences companies, as well as the funding sources that support them."}],"markDefs":[],"style":"normal"},{"_key":"068ac550eec4","_type":"block","children":[{"_key":"eadb8c8ee5e80","_type":"span","marks":[],"text":"She previously served as a member of the Policy Committee and leader of the business law department. Ms. Martin has extensive experience in representing public companies and her practice covers all aspects of company representation, including corporate governance, SEC compliance, 1934 Act issues, public offerings, private placements, and mergers and acquisitions."}],"markDefs":[],"style":"normal"},{"_key":"2aadbf1812dc","_type":"block","children":[{"_key":"56207bf2c95d0","_type":"span","marks":[],"text":"Ms. Martin previously served as a Director of Nuance Communications, a public technology company and pioneer in natural language processing, for 18 years. Prior to that, she was a Partner at Pillsbury Madison & Sutro LLP."}],"markDefs":[],"style":"normal"},{"_key":"ba3a526436a8","_type":"block","children":[{"_key":"34f488b663380","_type":"span","marks":[],"text":"Ms. Martin is a frequent spokesperson on corporate and securities law, corporate governance, and mergers and acquisitions, and is often ranked among the top corporate attorneys in regional and national publications, such as the Daily Journal’s “Top Lawyers of the Decade” in California."}],"markDefs":[],"style":"normal"},{"_key":"ddfe3cca07e9","_type":"block","children":[{"_key":"8b15e5ecb1890","_type":"span","marks":[],"text":"Ms. Martin received her J.D. from the University of the Pacific’s McGeorge School of Law and her B.A. in Anthropology from the University of California, Berkeley."}],"markDefs":[],"style":"normal"},{"_key":"4412be55407a","_type":"block","children":[{"_key":"cdb6466c81e70","_type":"span","marks":["strong"],"text":"About Luminar Technologies"},{"_key":"cdb6466c81e71","_type":"span","marks":[],"text":"\nLuminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including 7 of the top 10 global automotive OEMs. Earlier this year, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars, while also recently striking deals with Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG, and Volvo Cars, a global leader in automotive safety, to accelerate the introduction of autonomous trucks and cars at highway speed. Founded in 2012, Luminar is a 350-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. For more information please visit "},{"_key":"cdb6466c81e72","_type":"span","marks":["13a7134b121b"],"text":"www.luminartech.com"},{"_key":"cdb6466c81e73","_type":"span","marks":[],"text":"."}],"markDefs":[{"_key":"13a7134b121b","_type":"link","href":"http://www.luminartech.com/"}],"style":"normal"},{"_key":"bec105baaf16","_type":"block","children":[{"_key":"4d1d45a13d560","_type":"span","marks":["strong"],"text":"Forward Looking Statements"},{"_key":"4d1d45a13d561","_type":"span","marks":[],"text":"\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the newly-appointed directors helping Luminar to achieve its mission of making autonomous vehicles both safe and ubiquitous. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to Luminar’s limited operating history; Luminar’s inability to reduce and control the cost of the inputs on which Luminar relies; Luminar’s ability to transition to an outsourced manufacturing business model; the success of Luminar’s customers in developing and commercializing products using Luminar’s solutions; Luminar’s ability to protect its intellectual property rights; whether Luminar’s lidar products are selected for inclusion in autonomous driving or ADAS systems by automotive OEMs or their suppliers; changes in personnel and availability of qualified personnel; the amount and timing of future sales; whether the complexity of Luminar’s products results in undetected defects and reliability issues which could reduce market adoption of its new products, damage its reputation and expose Luminar to product liability and other claims; strict government regulation that is subject to amendment, repeal or new interpretation and Luminar’s ability to comply with modified or new laws and regulations applying to its business; general economic uncertainty and the effect of general economic conditions on Luminar’s industry in particular, including the level of demand and financial performance of the autonomous vehicle industry and market adoption of lidar; the effects of the ongoing coronavirus (COVID-19) pandemic or other infectious diseases, health epidemics, pandemics and natural disasters on Luminar’s business; and the other risks discussed under the heading “Risk Factors” in the registration statement on Form S-1 filed by Luminar on December 23, 2020 and amendments thereto and other documents Luminar files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made and Luminar undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release."}],"markDefs":[],"style":"normal"},{"_key":"1aace4645556","_type":"block","children":[{"_key":"66fb98799ace0","_type":"span","marks":["strong"],"text":"Contact Information"}],"markDefs":[],"style":"normal"},{"_key":"470f9ddf8af8","_type":"block","children":[{"_key":"b8f9dea8b9a90","_type":"span","marks":[],"text":"Media\nNicole Phelan\npress@luminartech.com"}],"markDefs":[],"style":"normal"},{"_key":"4c566d30ee77","_type":"block","children":[{"_key":"b1fbf8e28ff90","_type":"span","marks":["strong"],"text":"Investors"},{"_key":"b1fbf8e28ff91","_type":"span","marks":[],"text":"\nMichael Beer\nmichaelbeer@luminartech.com"}],"markDefs":[],"style":"normal"}]}],"publishDate":null,"robots":false,"seo":{"_type":"seo","description":"Katharine A. 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"},{"_key":"366a948620b5","_type":"span","marks":[],"text":"– Today, Pony.ai, a leading autonomous driving technology company, introduced its newly designed sensing platform in collaboration with Luminar Technologies, Inc. (NASDAQ: LAZR), a global leader in automotive lidar hardware and software technology. Pony.ai also announced it has driven more than five million kilometers across an operational coverage area of over 850 km² and has provided more than 220,000 Robotaxi rides."}],"markDefs":[],"style":"normal"},{"_key":"175e1e5b39f9","_type":"block","children":[{"_key":"ed683619d4400","_type":"span","marks":[],"text":"Pony.ai is set to deploy automotive-grade production autonomous fleets in 2023 globally. The next-generation fleet will seamlessly integrate Luminar’s Iris and feature a multi-sensor 360-degree configuration and a slimmest profile roofline at just 10cm off of the vehicle roof. The goal of the partnership is to increase safe, autonomous driving in complex urban environments with an integrated sensor design that leads advanced development to production scale."}],"markDefs":[],"style":"normal"},{"_key":"7159505265e5","_type":"block","children":[{"_key":"b90da5f6dc420","_type":"span","marks":[],"text":"“Partnering with Luminar is a critical enabling milestone for Pony.ai as we build our next-generation system and prepare for large-scale series production,” said James Peng, CEO and Founder of Pony.ai. “Luminar is in a league of their own when it comes to lidar and shares our belief that delivering autonomous mobility globally will enable a safe and sustainable future. We’re excited to realize that vision together with them.”"}],"markDefs":[],"style":"normal"},{"_key":"6707844c504d","_type":"block","children":[{"_key":"c5b8f86aaa4e0","_type":"span","marks":[],"text":"The partnership followed Pony.ai’s expansion of its Robotaxi service across five cities in China and the U.S., including Guangzhou, Shanghai, Beijing, Irvine and Fremont, CA. Pony.ai began testing China’s first Robotaxi service, PonyPilot, in late 2018 in Guangzhou, and in 2019 became the first company to roll out a public-facing Robotaxi service in California. It is the only self-driving company with large-scale deployment across five cities internationally and a fleet of over 200 autonomous vehicles."}],"markDefs":[],"style":"normal"},{"_key":"524359b7812c","_type":"block","children":[{"_key":"ea5a4d769e3a0","_type":"span","marks":[],"text":"“Pony.ai’s vision to create a dynamic, vehicle-agnostic autonomous driving system is very impressive, and it has already demonstrated a clear leadership position for Robotaxi development in China and beyond,” said Austin Russell, Founder and CEO of Luminar. “We’re leveraging the full extent of the technology and product development work we’ve accomplished over the years, and directly re-applying it to Pony.ai’s platform and fleet. This partnership marks a significant milestone towards the realization of safe autonomous Robotaxi services in the years to come.”"}],"markDefs":[],"style":"normal"},{"_key":"02e45ddc1946","_type":"block","children":[{"_key":"6f9ffa34acaf0","_type":"span","marks":[],"text":"“Today, we’re finally seeing the line blur between what we’ve known as beautiful consumer car design and the look of a Robotaxi,” said Jason Wojack, Luminar’s SVP of Product Development. “This is a true moment in the evolution of vehicle design and innovation.”"}],"markDefs":[],"style":"normal"},{"_key":"979564ab5c4f","_type":"block","children":[{"_key":"f9572be4c4bd0","_type":"span","marks":["strong"],"text":"About Luminar"},{"_key":"17b794038335","_type":"span","marks":[],"text":"\nLuminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including 8 of the top 10 global automakers. Last year, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars, while also recently striking deals with Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG, and Volvo Cars, a global leader in automotive safety, to accelerate the introduction of autonomous trucks and cars at highway speed. 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Luminar advanced the next phase of our restructuring efforts by further reducing our overhead. This includes the difficult decision to say goodbye to approximately 30% of our general administrative and back-office workforce among other non-technical roles. In total, this phase represents an additional 15% of our broader employee base, which is additive to the previously disclosed cost savings and headcount actions we undertook starting in May this year in conjunction with our expanded industrialization partnership with TPK."}],"markDefs":[],"style":"normal"},{"_key":"3233f8e63ddd","_type":"block","children":[{"_key":"aecda022af340","_type":"span","marks":[],"text":"These new workforce adjustments, along with other cost-saving measures to take place over the coming quarters, are expected to generate an additional ~$80 million in cash savings annually on a run-rate basis. Importantly, today’s cuts are not expected to adversely impact our technical milestones, customer programs, or product deliverables. They will, however, help our path to profitability with improved cash flow and incrementally reduced gross margin overhead."}],"markDefs":[],"style":"normal"},{"_key":"96ef05a7ed3e","_type":"block","children":[{"_key":"7e9165c3082d0","_type":"span","marks":[],"text":"Our overhead was built in a different climate, view on value, and cost of capital. The core of our business has never been stronger across technology, product, industrialization, and commercialization, and these are the areas we’d like to focus the vast majority of our resources on."}],"markDefs":[],"style":"normal"},{"_key":"9a9b2a89d735","_type":"block","children":[{"_key":"2b109dc5b4710","_type":"span","marks":[],"text":"While our industry often requires patience, the opportunity for LiDAR and Luminar has never been brighter and more tangible. We have successfully built out our technology platform, made the necessary investments, and brought it into series production - with the first Luminar-equipped cars now being delivered to dealers and consumers around the world as we ramp."}],"markDefs":[],"style":"normal"},{"_key":"643c1e1d8882","_type":"block","children":[{"_key":"8fb468b29f2c0","_type":"span","marks":[],"text":"Thank you to our Luminary team members and those along on our journey as we scale with a leaner, stronger, more efficient team."}],"markDefs":[],"style":"normal"},{"_key":"118cdd152ce5","_type":"block","children":[{"_key":"4c76757d88e0","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"7618213d4ae5","_type":"block","children":[{"_key":"b594a7af9bf20","_type":"span","marks":[],"text":"Austin Russell\nFounder and CEO, Luminar"}],"markDefs":[],"style":"normal"}]},{"_key":"9e35e18225d4","_type":"htmlBlock","embed":"Forward Looking Statements:\nThis blog entry contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including that regulations will materially accelerate adoption of our technology, that incorporating our technology will result in significant reductions in vehicle crashes and fatalities, and that restructuring and cost-saving measures will result in substantial savings and accelerate future development. More information on these risks and other potential factors that could affect the Company’s business is included in the Company’s periodic filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recent reports on Form 10-K and Form 10-Q. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.\n"}],"publishDate":null,"robots":false,"seo":null,"slug":"a-message-from-founder-ceo-austin-russell","title":"A Message from Founder & CEO, Austin Russell 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VEGAS, NV-"},{"_key":"09722fc070f0","_type":"span","marks":[],"text":" Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced an expansion of their Mercedes-Benz partnership, the debut of LiDAR-enabled Automatic Emergency Steering (AES) and Automated Valet software, and expanded automotive partnerships. The company also shared its key year-end industrialization milestone, Luminar Semiconductor achievements, and the significance of its partnerships with other technology providers like NVIDIA and Mobileye to deliver advanced safety and autonomy on multiple production vehicles for the world’s leading automakers.\n\n“Mercedes-Benz has expanded our partnership to Formula 1, where they are integrating our same leading technology designed to keep drivers safe in their next generation vehicle lineup into their official world-renowned Safety Car,” said Austin Russell, Founder and CEO of Luminar. “Luminar is abundant throughout CES this year, from automakers, to technology partners, to suppliers, to the track, where we’re showcasing the latest LiDAR and AI powered safety and autonomous features. It’s a glimpse into the future and a testament to our technology and business, and we look forward to it being standard for all drivers, starting with the arrival of the Volvo Cars EX90 this year.”\n\n"},{"_key":"7d2cbc7d3761","_type":"span","marks":["strong"],"text":"Mercedes-Benz Expands Partnership"},{"_key":"69df859286f4","_type":"span","marks":[],"text":"\nLuminar and the Mercedes-AMG PETRONAS F1 Team announced a new strategic collaboration at CES 2024 that will leverage Luminar’s existing development work with Mercedes-Benz to integrate Luminar’s LiDAR technology into the Official FIA F1® Safety Car. The ability to detect still and moving objects at high speeds and under wide ranging conditions make Luminar’s LiDAR an excellent match for the Official FIA F1® Safety Car. Luminar and the Mercedes-AMG PETRONAS F1 Team will work together to integrate Luminar’s technology into the roofline of the Mercedes-AMG GT Black Series.\n\n"},{"_key":"d1c4abee8e33","_type":"span","marks":["strong"],"text":"New Software and Iris+ Live"},{"_key":"9be0d23c3696","_type":"span","marks":[],"text":"\nLuminar debuted Automatic Emergency Steering (AES) as well as its new Automated Valet software derived from its 3D maps, all powered by the new Iris+ LiDAR at CES 2024, with live on-track crash avoidance vehicle demonstrations. Participants will experience how Luminar’s Iris+ LiDAR-powered Proactive Safety™ provides high-confidence and ultra precise detection, faster and farther than today’s most advanced camera and radar powered ADAS systems, and how new AES capabilities can help avoid collisions and save lives in critical situations drivers can encounter, even those where avoidance by braking is impossible. Luminar has also developed a fully Automated Valet feature based on its LiDAR data and 3D maps collected in real time, so consumers can leave it to Luminar to park.\n\n"},{"_key":"9293473a4236","_type":"span","marks":["strong"],"text":"Innovation at the Chip Level"},{"_key":"d029e0a5eab9","_type":"span","marks":[],"text":"\nLuminar has produced six new purpose-built chips for current and future generations of Luminar LiDAR since the formation of Luminar Semiconductor in Q2 2023. By combining Luminar’s chip design subsidiaries Optogration, Freedom Photonics, and Black Forest Engineering into a unified and scalable business, it enables rapid innovations and collective breakthrough developments with custom materials while meeting stringent automotive standards.\n\n"},{"_key":"1ff03cba2eec","_type":"span","marks":["strong"],"text":"2024 Volvo EX90 start of production"},{"_key":"c845cd25d022","_type":"span","marks":[],"text":"\nLuminar has met its year-end industrialization milestone for readiness for global start of production with Volvo with hardware and software, beginning with the EX90 this year. In Q3 2023, the Luminar successfully passed its first major Run at Rate production test for Volvo Cars at its highly automated, high volume manufacturing facility in Monterrey, Mexico. As a key requirement for automakers in advance of start of production (SOP) and as the precursor to the launch of the Volvo EX90 featuring Luminar as standard on every vehicle, the Run at Rate serves as a rigorous evaluation to assess the company’s ability to manufacture its LiDAR sensors at scale.\n\n"},{"_key":"c1cc319beedb","_type":"span","marks":["strong"],"text":"Commercial Growth"},{"_key":"cd05990d194d","_type":"span","marks":[],"text":"\nLuminar is achieving rapid commercial growth across hardware, software/AI, and semiconductors. Its technology is designed into over 20 vehicle models from its automotive partners around the world, which includes both combustion engine vehicles and EV’s.\n\nAs more automakers compete to deliver safer, smarter cars, technology providers are also playing an increasingly important role in helping automakers develop advanced safety systems and unlock automated driving functionality. Luminar and NVIDIA are working together to help leading automakers deliver enhanced safety and automated driving on Volvo EX90, Polestar 3, autonomous trucks from Kodiak Robotics and Plus; and across certain Mercedes-Benz production vehicle lines, and as NVIDIA’s long-range LiDAR partner on its Hyperion software platform. Luminar and Mobileye’s collaboration has also recently culminated in its first production implementation with the Polestar 4 as part of a new vehicle platform.\n\nNew commercial wins also cover both long-haul trucking and middle-mile logistics for some of the biggest retailers in the world. Kodiak Robotics announced they have now selected Luminar as the exclusive long-range LiDAR provider for their next generation autonomous truck platform. Luminar also announced that it entered a multi-year production agreement with Gatik to standardize our technology on their fleets of middle-mile delivery trucks serving customers.\n\nLuminar’s CES exhibit will feature a vision of the Official FIA F1® Safety car, the Mercedes-AMG GT Black Series, r and the Polestar 3 at the Las Vegas Convention Center West Hall, # 5917, as well as Kodiak Robotics’ Gen 6 autonomous truck and Plus’ autonomous truck outdoors in the West Lot. Gatik will feature one of their trucks equipped with Luminar LiDAR in the Goodyear booth located in the West Hall, #4917. Mercedes-Benz will also feature a Concept CLA Class show car equipped with Luminar’s LiDAR in the West Hall, #4941."}],"markDefs":[],"style":"normal"},{"_key":"b0e7de925392","_type":"block","children":[{"_key":"4ddf0c80df0e","_type":"span","marks":[],"text":"\n"},{"_key":"53b5813d953f","_type":"span","marks":["strong"],"text":"About Luminar:"},{"_key":"2429397750db","_type":"span","marks":[],"text":"\nLuminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software/AI platform to enable its more than 50 industry partners, including the majority of global automotive OEMs. From consumer vehicle programs with Volvo Cars and Mercedes-Benz to technology partnerships including NVIDIA and Mobileye, Luminar is poised to be the first automotive technology company to enable next-generation safety and autonomous capabilities for global production vehicles. For more information please visit "},{"_key":"928ae7b690dd","_type":"span","marks":["6ea3e595f83d"],"text":"www.luminartech.com"},{"_key":"2d8d4e87e38a","_type":"span","marks":[],"text":"."}],"markDefs":[{"_key":"6ea3e595f83d","_type":"link","href":"www.luminartech.com"}],"style":"normal"},{"_key":"b5aa40d32c9b","_type":"block","children":[{"_key":"fe2896274285","_type":"span","marks":[],"text":"\n"},{"_key":"bb4a57fdb1db","_type":"span","marks":["strong"],"text":"Forward-Looking Statements"},{"_key":"1692cdf1456d","_type":"span","marks":[],"text":"\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “aims”, “believe,” “may,” “will,” “estimate,” “set,” “continue,” “towards,” “anticipate,” “intend,” “expect,” “should,” “would,” “forward,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the safety performance of software and the readiness of hardware and software for future vehicle production. These statements are based on various assumptions, whether or not identified, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to risk and uncertainty that could cause actual results to differ materially. For further information, review “Risk Factors” in the latest Annual Report on Form 10-K filed by Luminar and other documents filed periodically with the SEC. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made and Luminar undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date of this press release.\n\n"},{"_key":"34a15a524e63","_type":"span","marks":["strong"],"text":"Contacts"},{"_key":"ea41807e8cee","_type":"span","marks":[],"text":"\nMedia Relations:\nMilin Mehta\n"},{"_key":"c14729630baa","_type":"span","marks":["9eb514414b5a"],"text":"Press@luminartech.com"},{"_key":"19c31e21bf16","_type":"span","marks":[],"text":"\n\nInvestor Relations:\nAileen Smith\n"},{"_key":"058e9c7a3c17","_type":"span","marks":["a77fef81b94f"],"text":"Investors@luminartech.com"}],"markDefs":[{"_key":"9eb514414b5a","_type":"link","href":"Press@luminartech.com"},{"_key":"a77fef81b94f","_type":"link","href":"Investors@luminartech.com"}],"style":"normal"}]}],"publishDate":null,"robots":true,"seo":{"_type":"seo","description":"Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced an expansion of their Mercedes-Benz partnership, the debut of LiDAR-enabled Automatic Emergency Steering (AES) and Automated Valet software, and expanded automotive partnerships","image":{"_type":"image","alt":null,"asset":{"_createdAt":"2024-01-09T16:35:51Z","_id":"image-769559c5460a758e8f1dddbd0275c7bcfd8481c3-2074x1382-png","_rev":"S0n9CeUyrOUC6af9LQ1X3m","_type":"sanity.imageAsset","_updatedAt":"2024-01-09T16:35:51Z","assetId":"769559c5460a758e8f1dddbd0275c7bcfd8481c3","extension":"png","metadata":{"_type":"sanity.imageMetadata","blurHash":"VxF=:dIVM{aeWB~qM{M{WBWB?cRjRjWBWB%NWBWBWBWB","dimensions":{"_type":"sanity.imageDimensions","aspectRatio":1.5007235890014472,"height":1382,"width":2074},"hasAlpha":true,"isOpaque":false,"lqip":"data:image/png;base64,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","palette":{"_type":"sanity.imagePalette","darkMuted":{"_type":"sanity.imagePaletteSwatch","background":"#4f4234","foreground":"#fff","population":8.58,"title":"#fff"},"darkVibrant":{"_type":"sanity.imagePaletteSwatch","background":"#5c242c","foreground":"#fff","population":0,"title":"#fff"},"dominant":{"_type":"sanity.imagePaletteSwatch","background":"#4f4234","foreground":"#fff","population":8.58,"title":"#fff"},"lightMuted":{"_type":"sanity.imagePaletteSwatch","background":"#cbc2b8","foreground":"#000","population":0.51,"title":"#fff"},"lightVibrant":{"_type":"sanity.imagePaletteSwatch","background":"#d9e1f1","foreground":"#000","population":0.37,"title":"#000"},"muted":{"_type":"sanity.imagePaletteSwatch","background":"#807269","foreground":"#fff","population":3.7,"title":"#fff"},"vibrant":{"_type":"sanity.imagePaletteSwatch","background":"#b74757","foreground":"#fff","population":0,"title":"#fff"}}},"mimeType":"image/png","originalFilename":"SafetyCar_AMG_DSC6478_forweb.png","path":"images/xvgr2lpj/production/769559c5460a758e8f1dddbd0275c7bcfd8481c3-2074x1382.png","sha1hash":"769559c5460a758e8f1dddbd0275c7bcfd8481c3","size":2112139,"uploadId":"7jw5TwTleRdyHtAN01kLys9DnBghvtsm","url":"https://cdn.sanity.io/images/xvgr2lpj/production/769559c5460a758e8f1dddbd0275c7bcfd8481c3-2074x1382.png"},"crop":null,"hotspot":null},"keywords":"Luminar, lidar, self-driving, autonomous driving, automotive technology, safety, advanced safety, ADAS, autonomous cars, self-driving cars, driverless cars, highway autonomy, Proactive Safety, Sentinel, perception, range, resolution, segmentation, Hydra, Iris, Celestica, Fabrinet, Optogration, Black Forest Engineering, Freedom Photonics, 1550nm","title":"Luminar and Mercedes-Benz Expands Partnership; 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The successful passing of R@R means that we have effectively proven we can produce at the required initial production rates and quality standards for Volvo Cars’ upcoming EX90 SOP.\n"}],"markDefs":[],"style":"normal"},{"_key":"272d3e05a77f","_type":"block","children":[{"_key":"4910f4e6ad33","_type":"span","marks":["strong"],"text":"What work did we do to pass R@R?"},{"_key":"db82e1ebb1aa","_type":"span","marks":[],"text":"\nThe specific work by the Luminar team to meet this critical production milestone began nearly 18 months ago with the site selection of our new dedicated facility in Monterrey, Mexico and ordering of our high volume, highly automated production line. We spent nearly 12 months and over $50 million to complete the construction of our dedicated Mexico facility, including the installation, testing, and debugging of the final assembly and testing procedures for our highly automated line."}],"markDefs":[],"style":"normal"},{"_key":"d4af86334776","_type":"block","children":[{"_key":"42ed69b8052c","_type":"span","marks":[],"text":"\nIn March of this year, we started producing our LiDAR sensors in low volumes at our Mexico facility to assess the automation line, yield, and quality of sensors produced in order to work out any ‘manufacturing kinks’. We continued producing our LiDAR sensors through the summer at increasingly higher rates and assessed the automation line, yield, and quality after each trial run, and began the formal R@R in late September. 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We believe a lot of the heavy lifting has now been completed and we are shifting our primary focus to now optimizing our production processes and unit economic costs, including both our bill of material (BOM) and manufacturing conversion costs, as well as ensuring our entire supply chain can ramp up with us in similar quantity and quality. We will perform future R@R audits not only for Volvo Cars, but for other automakers, as our existing and new customers ask us to manufacture at increasingly higher production rates."}],"markDefs":[],"style":"normal"},{"_key":"d8e00fa70863","_type":"block","children":[{"_key":"c1e2bbe6fd81","_type":"span","marks":[],"text":"\nPassing this recent R@R was a critical achievement and often one of the most difficult production milestones. We have learned a lot over the past 18 months preparing for this audit and will apply these lessons to ensure we can increase our production rates more efficiently and quickly in the future as we continue to grow."}],"markDefs":[],"style":"normal"},{"_key":"a1feaaa217d6","_type":"block","children":[{"_key":"7c2bce1f895e","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"3d8ba22487f0","_type":"block","children":[{"_key":"19ef397ccda50","_type":"span","marks":[],"text":"Thanks to our customer Volvo Cars and to all of you for your continued support as we work towards enabling the world’s safest and smartest vehicles.\n\nSincerely,\nKevin and the Luminar team\n"}],"markDefs":[],"style":"normal"}]}],"publishDate":null,"robots":false,"seo":{"_type":"seo","description":"Last Friday, Luminar announced that we recently passed a critical “Run at Rate” audit process, or R@R, for Volvo Cars in our high volume facility in 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The council will help foster key relationships with potential customers, OEMs, contract manufacturing partners and other ecosystem players in facilitating this adoption. Members will also advise Luminar on major industry trends, overall market conditions and the regulatory environment. 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Prior to joining Boeing in August 2006, Brooks served in the United States Army for 27 distinguished years, with key assignments as an infantry battalion and brigade commander in the 82nd Airborne Division, and as Commandant of Cadets at the United States Military Academy at West Point. Brooks has received numerous awards and honors, notably the Army’s Distinguished Service Medal, and three awards of the Legion of Merit, among others. 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Sir Ralf is a professor at the University of Warwick and has been a member of the Royal Academy of Engineering since 2014. In 2015, he was appointed Knight of the British Empire (KBE). In 2019 he was Knighted as Additional Knight Commander of the Most Excellent Order of the British Empire. In 2020 Sir Ralf was elected a Fellow of the Royal Society. Sir Ralf was nominated as a Non-Executive Director and Vice Chairman of the JLR Board following his retirement. He continues his role on the Supervisory Board of Tata Sons Ltd. He is also the Chairman of TVS Motor Company and supports several supervisory boards."}],"markDefs":[],"style":"normal"},{"_key":"e6c93a7f44ec","_type":"block","children":[{"_key":"12f769ab76e20","_type":"span","marks":["strong"],"text":"Matthew Simoncini"},{"_key":"12f769ab76e21","_type":"span","marks":[],"text":", "},{"_key":"12f769ab76e22","_type":"span","marks":["strong"],"text":"Former CEO and CFO, Lear Corporation"}],"markDefs":[],"style":"normal"},{"_key":"3e61543368c6","_type":"block","children":[{"_key":"817ef90a897e","_type":"span","marks":[],"text":"During his more than 10 years in the C-suite for the Lear Corporation, Matthew Simoncini oversaw the dramatic turnaround of the automobile seating and electrical systems manufacturer. Simoncini is a member of Luminar’s Board of Directors and acts as liaison between the Board and the LAAC."}],"markDefs":[],"style":"normal"},{"_key":"00fb148ee66d","_type":"block","children":[{"_key":"5589c76a2ccb0","_type":"span","marks":["strong"],"text":"Jerome Guillen"},{"_key":"5589c76a2ccb1","_type":"span","marks":[],"text":", "},{"_key":"5589c76a2ccb2","_type":"span","marks":["strong"],"text":"Former President, Tesla"}],"markDefs":[],"style":"normal"},{"_key":"cd296cb09a62","_type":"block","children":[{"_key":"052ba5946b70","_type":"span","marks":[],"text":"Jerome Guillen is a seasoned automotive executive with expertise in product development, engineering, sales, operations, service and more. During his nearly ten years at Tesla, Guillen led a variety of senior executives roles, including overseeing the Model S and the Semi, and finally as the President of Tesla, Inc. Prior to working at the EV maker he led the development of the Freightliner Cascadia for Daimler Trucks."}],"markDefs":[],"style":"normal"},{"_key":"5613e1f91800","_type":"block","children":[{"_key":"84ccc313afdd0","_type":"span","marks":["strong"],"text":"Joe Hinrichs"},{"_key":"84ccc313afdd1","_type":"span","marks":[],"text":", "},{"_key":"84ccc313afdd2","_type":"span","marks":["strong"],"text":"Former President, Ford"}],"markDefs":[],"style":"normal"},{"_key":"a4c8ae1100b2","_type":"block","children":[{"_key":"58bef260616c","_type":"span","marks":[],"text":"Joe Hinrichs is currently President & CEO of CSX, the largest railroad in the eastern United States.Hinrichs spent over 30 years in the automotive industry, retiring as President of Ford’s global automotive business in 2020. He spent ten years at General Motors and over 19 years at Ford and has served as an advisor to Luminar previously."}],"markDefs":[],"style":"normal"},{"_key":"305c99aebf69","_type":"block","children":[{"_key":"ac4397639b5f0","_type":"span","marks":["strong"],"text":"Chris Charlton"},{"_key":"ac4397639b5f1","_type":"span","marks":[],"text":", "},{"_key":"ac4397639b5f2","_type":"span","marks":["strong"],"text":"Chairman & Founder, The Charlton Group"}],"markDefs":[],"style":"normal"},{"_key":"10f0a849388b","_type":"block","children":[{"_key":"422d48d18ee1","_type":"span","marks":[],"text":"Chris Charlton is the Chairman of Luminar’s Automotive Advisory Council and a founder of the sales liaison of choice for worldwide manufacturers that supply products for some of the world's largest automotive groups. He brings decades of experience uncovering new opportunities and guiding clients to successful partnerships with leading OEMs around the world."}],"markDefs":[],"style":"normal"},{"_key":"c684cec37765","_type":"block","children":[{"_key":"6beadf1434eb0","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"84f500830631","_type":"block","children":[{"_key":"4045328c169e","_type":"span","marks":["strong"],"text":"About Luminar"}],"markDefs":[],"style":"normal"},{"_key":"82166a24a606","_type":"block","children":[{"_key":"56252fd5b27e","_type":"span","marks":[],"text":"Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software/AI platform to enable its various partners, ranging from Volvo Cars and Mercedes-Benz to NVIDIA and Mobileye, to develop and deploy the world's most advanced passenger vehicles. Following the launch of the Volvo EX90 as the first global production vehicle to standardize its technology, Luminar is poised to lead the industry in enabling next-generation safety and autonomous capabilities for global production vehicles. For more information please visit www.luminartech.com."}],"markDefs":[],"style":"normal"},{"_key":"c67d3d6c1792","_type":"block","children":[{"_key":"5ff0b80e6f3d0","_type":"span","marks":["strong"],"text":"Forward-Looking Statements"}],"markDefs":[],"style":"normal"},{"_key":"768c9664d0d1","_type":"block","children":[{"_key":"33fe727443d1","_type":"span","marks":[],"text":"This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “aims,” “believe,” “may,” “will,” “estimate,” “set,” “continue,” “towards,” “anticipate,” “intend,” “expect,” “should,” “would,” “forward,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements include statements relating to expectations regarding opportunities to advance the Company’s growth strategy, to save lives, to enhance automotive safety and autonomy, and to expand the adoption of LiDAR technology. Forward-looking statements are based on expectations and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including that next-generation sensors and software will be developed successfully, that these systems will perform as intended and achieve meaningful safety or efficiency improvement, and that automaker agreements will develop successfully into product launches. More information on these risks and other potential factors that could affect the Company’s business is included in the Company’s periodic filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most reports on Form 10-K and Form 10-Q. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made."}],"markDefs":[],"style":"normal"}]},{"_key":"2a9f2c0dbf68","_type":"htmlBlock","embed":"