RoboSense Announced 2024 INTERIM RESULTS

LiDAR for ADAS application in automotive industry is the first market where RoboSense’s products have accomplished mass-production, and that is just the beginning. RoboSense believes that more industries similar to the automotive industry will be gradually emerging in the global robotics technology market. In addition to the gradual expansion of scale and size of the robotics market, with the rapid advancement in AI large model and embodied artificial intelligence, there will be robotic intelligent unmanned transformation for the traditional industrial and commercial fields and exponential growth potential for the demand for robotics in new consumer markets. Hence, as a core component of robotics, 3D perception sensors, as represented by LiDARs, are expected to experience a significant growth. To date, RoboSense products platform have been accumulatively serving more than 2,400 customers in the robotics and other business sectors.

As an AI-driven robotic technology company, we will continue to invest substantially in three technological fields, namely, AI algorithms, chips, and hardware. RoboSense will continue to maintain as a major player in the automotive and robotics industries, and to provide the markets with more diversified products or solutions in addition to LiDARs.