NOVI, Mich. and HOD HASHARON, Israel, Jan. 18, 2022 /PRNewswire/ -- Valens Semiconductor (NYSE: VLN), a premier provider of high-speed connectivity solutions for the automotive and audio-video markets, and Stoneridge, Inc. (NYSE: SRI), a leading designer and manufacturer of highly engineered electrical and electronic vehicle systems, today announced their partnership to introduce a connectivity solution related to vision and safety systems in tractor trailers to address safety-critical issues in the trucking industry.
Trucks on the road today experience visibility limitations, due in part to the inability for existing connectivity technologies to support the level of data transfer needed to appropriately address challenges within the truck and the required length of the link between the tractor and the trailer.
Since 2020, Valens and Stoneridge have been working on the development of a long-reach connectivity solution to enable the delivery of high quality, zero-latency, error-free video.
"Paired with Stoneridge cameras, this connectivity solution by Valens opens the door for the development of new technologies and product capabilities beyond our current portfolio that will continue to transform the commercial vehicle safety environment and reduce operating costs for the fleets," said Jon DeGaynor, president and CEO of Stoneridge.
"The solutions we are working on, based on the Valens VA6000 chipset family, will open the door to a safer experience for truck drivers around the world relying on Stoneridge systems," said Gideon Ben-Zvi, CEO of Valens Semiconductor. "Leveraging our unique connectivity technology, we aim to make the roads safer – both for the truck drivers and for the people around them."
Stoneridge, Inc. is a designer and manufacturer of highly engineered electrical and electronic systems, components and modules, primarily for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Stoneridge is well-positioned to meet the global needs of the mobility industry, providing solutions that power vehicle intelligence, provide dramatic increases in fuel efficiency, reduce vehicle emissions, and improve safety and security for vehicles, cargo and drivers. The mobility industry's sought-after integrated technology partner, Stoneridge is ready to take on your next vehicle challenge. For more, visit https://www.stoneridge.com/.
About Valens Semiconductor Ltd.
Valens (NYSE: VLN) is a leading provider of semiconductor products, pushing the boundaries of connectivity by enabling long-reach, high-speed video and data transmission for the automotive and audio-video industries. Valens' Emmy® award-winning HDBaseT technology is the leading standard in the professional AV market with tens of millions of Valens' chipsets integrated into thousands of HDBaseT-enabled products. Valens Automotive is a key enabler of the evolution of autonomous driving, providing chipsets that are on the road in premium vehicles around the world. The underlying technology has been selected to become the basis for the new international standard for automotive connectivity. For more, visit https://www.valens.com/.
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Head of Communications
Valens Semiconductor Ltd.
Valens Investor Contacts:
Vice President Investor Relations
Valens Semiconductor Ltd.
Matthew Keating, CFA
Financial Profiles, Inc.
US: +1 310-622-8230
Stoneridge Investor Contacts:
Director Investor Relations
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SOURCE Valens Semiconductor