Company: LIDRW
Filing Date: 2025-02-25
Form Type: S-1/A
Source: 0000947871-25-000220
Chunk: 10

Company: AEye, Inc.
Filing Date: 2025-02-25
Form: S-1/A
Chunk 10
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 made substantial investments in our R&D processes and deliver value to our customers through our manufacturing partners. We perform the majority of our R&D activities in our 6,522 square foot corporate headquarters located in Pleasanton, California. Our modular design facilitates product hardware updates as technologies evolve, and its small size and modest heat generation enable very flexible placement options on the interior or exterior of a vehicle. 4SightTM also leverages a common architecture to create application-specific products across different markets.

Our systems-based approach encourages partnerships
from the well-established automotive supply chain, including original equipment manufacturers (OEMs), as well as Tier 1 and Tier 2
OEM suppliers. There is strong alignment between us and our partners given what is required to produce high-performance automotive grade
products at scale, including quality, reliability, and affordability. We anticipate our Tier 1 partners will add value with OEM customers
through industrialization, manufacturing, integration, sales, marketing, product liability, and warranty. We anticipate our Tier 2 partners
will provide automotive-grade sub-components, which are used not only in automotive lidar for ADAS use cases, but could also be used
for products we may sell into the Non-Automotive market. We expect the result will be a high-quality, high-performance product at the
right price point, which we believe to be a key enabler in accelerating adoption of lidar across various markets in Automotive and beyond.

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In pursuing this strategy, we have partnered,
and will continue seeking partnerships, with leading Tier 1 automotive suppliers. It is anticipated that our Tier 1 partners will bid
for long-range lidar series production awards with OEMs and that these awards will represent a substantial portion of our future revenues;
however, there is no guarantee that this Tier 1 partnership strategy will be successful. If we fail to remain engaged with one or more
Tier 1 automotive suppliers, it may have an adverse effect on our business. The markets for lidar are projected to see significant growth in both the near
and long term. We believe this expected growth will allow us to capture market share as well as pursue specialized opportunities like
highway autonomous driving applications that benefit from our products. We expect that lidar will be a required sensing solution across
many end markets, and we intend to be one of the leading solutions providers in these spaces.

As is common in early-stage companies with limited
operating histories, we are subject to risks and uncertainties such as our ability to develop and