Press release

Innovusion to Release a New LiDAR System More Advanced Than Human Sight, “Falcon”

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Innovusion Inc. is a worldwide leader in the design and development of
long-range image-grade LiDAR (Light Detection and Ranging) systems for
vehicle safety applications. Following the success of its predecessors,
“Cheetah” and “Jaguar,” Innovusion will be unveiling the most advanced
LiDAR system “Falcon” at CES 2020, where perception software will have
LiDAR systems that surpass the human eye.

Innovusion LiDAR systems are built by fusing together proprietary
detector electronics, advanced optics, and sophisticated software
algorithms and are designed from the ground up to meet the highly
competitive pricing for automotive ADAS systems. With a vertical and
horizontal resolution of 0.07 degrees at 10 frames per second and a
field of view of 110 degrees x 30 degrees, Falcon will enable all
vehicle makers to capture complex visuals at a greater distance and
fulfill the demanding needs for perception software development that was
not previously possible.

“As an industry, we need to do everything we can to make driving safer,
whether it is autonomous or not. Our LiDARs are able to see through
heavy rain, intelligently steer focal points for efficient object
perception and simultaneous localization and mapping (SLAM), and
reliably detect even very small obstacles at very long distance,” said
Junwei Bao, Co-Founder and CEO of Innovusion. “The launch of Falcon is a
milestone for the automotive industry overall, allowing vehicle
perception software to have greater clarity and capability to predict
object behavior with the high-density point cloud at long distance
regardless of light and distance. Our continued efforts to improve
technology will increase adoption and acceptance of LiDAR technology
with consumers.”

Falcon combines ultra-long-range distance detection with image grade
resolution, resulting in a detection detail of 40 points on a pedestrian
that is 120 meters away while simultaneously maintaining a high frame
rate and high resolution for the entire 110-degree field of view. With
Falcon, the LiDAR can hone in on an object without sacrificing detail or
clarity on the entire range of vision.

“In the last year, there has been an industry-wide delay in roadmaps for
the deployment of Level 4 autonomous driving while driver assistance
technology has become more prevalent. There are still gaps in autonomous
system performance and the disengagement is still too high,” said Ian
Zhu, Managing Partner at NIO Capital. “We are confident that with the
release of Falcon, Innovusion is enabling the automotive industry to
take the necessary steps towards LiDAR adoption for the greater market,
whether that is in self-driving cars or otherwise.”

Innovusion’s LiDARs have many different applications. Metropolitan
cities in Asia use Falcon’s predecessors for intersection safety
monitoring and other smart transportation applications. Future plans
include additional partnerships with public transportation authorities
to help increase the safety and reliability of legacy transit systems.

Innovusion will be debuting Falcon at CES 2020 from January 7-10 in Las
Vegas at the Convention Center, Booth 9026 located at Tech East, North
Hall.

ABOUT INNOVUSION

Innovusion Inc., a private company, was founded in 2016 and is
headquartered in Sunnyvale, California. It is the world’s leader in
image-quality, long-distance LiDAR (Light Detection and Ranging)
systems. Its first product, Cheetah, employs its proprietary innovative
reliable dual rotating polygon design which enables the world’s safest
solution for Level 3+ Autonomous Driving Systems for vehicle mobility
applications. It successfully concluded its A Round funding of $30 M in
2018 led by Nio Capital, with participation from F-Prime Capital, Eight
Roads Ventures, and Banyan Capital. Please visit us on the web at www.innovusion.com.