Luminar Technologies (LAZR) Announces Partnership with Airbus streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Luminar’s LIDAR will take flight in new partnership with Airbus
Share this story
Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images
Luminar, the newly public LIDAR company, is teaming up with the largest aircraft manufacturer in the world to bring its laser-guided mapping and perception technology to new heights.
LIDAR, the laser sensor that sends millions of laser points out per second and measures how long they take to bounce back, is seen as a key ingredient to autonomous driving. But it hasn’t seen as much traction in the world of aviation. Luminar and its new partner, the French aerospace giant Airbus, are out to fix that by applying the laser sensor’s 3D mapping capabilities to the aerospace company’s helicopters and fixed-wing aircraft in the hopes of making flying a lot safer.
Share:
Luminar Technologies (NASDAQ: LAZR) shares are trading higher after the company announced a partnership deal with Airbus to test autonomous flight technology. As the world s largest aircraft manufacturer, Airbus has a long history of actively setting a new bar for the future of the aerospace industry, and the Luminar partnership with Airbus UpNext only furthers that trend, said Austin Russell, CEO and Founder of Luminar Technologies.
Luminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry s stringent performance, safety, and economic requirements.
April 26th, 2021
ARMIN WEIGEL via Getty Images
Luminar is expanding
its LiDAR system beyond autonomous vehicles for the first time. It has announced a partnership with Airbus to bring the
laser-guided 3D-mapping tech to helicopters and fixed-wing aircraft with the goal of making flying much safer.
Engineers from both companies will work together on two Airbus innovation programs, the UpNext subsidiary and FlightLab. Luminar and Airbus hope to eventually power safe, autonomous flight.
“We’re able to directly re-apply what we’ve accomplished for the automotive industry into aviation, an established nearly $1 trillion industry, Luminar founder and CEO Austin Russell said in a statement. We believe that automation and safety enhancements will transform how we move across all modes of transport as we take our technology from roads to the skies.