July 19 (Reuters) – Luminar Applied sciences Inc (LAZR.O), a maker of lidar sensors for self-driving vehicles, mentioned on Monday that it has acquired a small chipmaker that makes a key a part of its sensor.
Palo Alto, California-based Luminar mentioned it has agreed to buy Wilmington, Massachusetts-based OptoGration Inc, with the deal anticipated to shut within the third quarter. Luminar didn’t disclose the phrases of the deal however mentioned it might not have materials affect on Luminar’s money place or share rely.
Luminar’s lidar sensors beam out laser mild and detect the way it bounces again to assist self-driving autos achieve a three-dimensional view of the street.
The corporate is one in every of a half dozen companies which have both grow to be publicly traded prior to now 12 months or are within the means of doing so, with all of them vying for lidar offers with automakers. Luminar has a take care of Volvo Automobiles to start out placing its sensors on the roads in driver-assistance programs subsequent 12 months.
Luminar’s gadget makes use of a laser that operates at a wavelength of 1,550-nanometers, which it has mentioned provides it the flexibility to detect objects additional than most different lidars that use a 905-nanometer wavelength laser.
The disadvantage is supplies prices, which automakers wish to see fall to be able to hold costs for self-driving options affordable. The upper frequency laser requires a detector fabricated from an unique materials known as indium gallium arsenide.
For the previous 5 years, Luminar has labored with OptoGration to safe a customized laser mild detector that retains the amount of dear supplies to a mininum. Jason Eichenholz, co-founder and chief know-how officer for Luminar, mentioned the corporate can be buying OptoGration’s crew and manufacturing facility, which has the flexibility to supply 1 million detectors per 12 months and may scale as much as 10 million.
“The important thing on this acquisition was the provision chain, to additional strengthen what now we have coming down the street and our skill to develop new applied sciences,” Eichenholz informed Reuters.
Reporting by Stephen Nellis in San Francisco; Enhancing by Will Dunham
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