Arbe Robotics Ltd. (NASDAQ:ARBE) Q1 2024 Earnings Conference Call May 22, 2024 8:30 AM ET
Company Participants
Miri Segal-Scharia - Chief Executive Officer, MS-IR
Kobi Marenko - Chief Executive Officer, Co-Founder and Director
Karine Pinto-Flomenboim - Chief Financial Officer
Conference Call Participants
Joshua Buchalter - TD Cowen
Suji Desilva - ROTH MKM
Jaime Perez - Lafferty
Matthew Galinko - Maxim Group
Operator
Good morning, everyone, and welcome to the Arbe Robotics First Quarter 2024 Earnings Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that today's event is being recorded.
At this time, I'd like to turn the floor over to Miri Segal, CEO of MS-IR. Please go ahead.
Miri Segal-Scharia
Thank you, everyone, for joining us today. Welcome to Arbe's First Quarter 2024 Financial Results Conference Call. Before we begin, I would like to remind our listeners that certain information provided on this call may contain forward-looking statements and the Safe Harbor statement outlined in today's release also applies today's call.
If you have not received a copy of the PR, please view it in the Investor Relations section of the company's website. Kobi Marenko, Arbe's Co-Founder and CEO, will begin the call with a business update. Then we will turn the call over to Karine Pinto-Flomenboim, Arbe's CFO, who will review the financials in more detail. Finally, we will open the call for the question-and-answer session.
With that I'd like to turn it over to Kobi Marenko, Arbe's CEO. Kobi, please go ahead.
Kobi Marenko
Thank you, Miri. Good morning, everyone, and thank you for joining us. I'd like to start by sharing some exciting updates with you. We congratulate hiring one of our Tier 1s in China on being selected to supply radar systems powered by the Arbe chipset to a global leader in autonomous driving with net production scheduled in 2025. We look forward to providing more details about this announcement soon.
Arbe also reached a significant milestone in Q1, the successful development of post-point cloud algorithms, including tracking classification and free space mapping. These algorithms have been integrated into HiRain's imaging radar for serial production. This advanced advancements were tested by OEMs, demonstrating their potential to improve automotive safety. Importantly, HiRain announced it will begin the net production of these imaging radar by the end of this year.