- Veoneer Inc (NYSE:VNE) is partnering with Sydney-based Baraja to industrialize Spectrum-Scan LiDAR technology for the next market wave of L2+ through L4 autonomous vehicle applications.
- Under the agreement, Veoneer will develop, market, and integrate a scalable Spectrum-Scan platform from Baraja to serve the automotive market.
- Baraja’s Spectrum-Scan LiDAR connects a wavelength-tunable laser to prism-like optics, deflecting the light in different directions to achieve scanning with higher reliability and lower cost.
- It also creates high-resolution pointclouds to accurately detect objects at more than 250 meters away at speed while remaining immune to interference from other sensors or light sources.
- Price action: VNE shares are trading lower by 1.83% at $19.34 in premarket on the last check Monday.
Stocks That Hit 52-Week Lows On Wednesday
During Wednesday's session, 326 stocks hit new 52-week lows.
