Arbe and HiRain Technologies Selected to Provide Perception Radars for Autonomous Trucks and AGVs Across Ports in China

Arbe Robotics Ltd. (NASDAQ: ARBE) a global leader in Perception Radar Solutions, announced today that HiRain Technologies, the leading Chinese ADAS Tier 1 supplier, was selected by the Port of RiZhao in Shandong Province to provide perception radars based on Arbe's chipset. The deployment has been implemented on FAW Trucks and on automated guided vehicle (AGVs), providing autonomous driving capabilities, advanced perception, and true safety. The first deployment started at the RiZhao port and is expected to expand to additional ports across China. Earlier this year, HiRain announced that it is undertaking major OEM and autonomous driving projects with the Radar Solution it developed using Arbe's Perception Radar Chipset, projected to reach mass production by 2023. According to analyst firm IHS Markit, autonomous trucks will transform the logistics industry, reducing the cost significantly of transporting goods.