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Innovusion Announces Its High-Resolution Image-Grade LiDAR System “Cheetah”, Enabling the Safest Performance in the Vehicle Mobility Industry

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Industry’s First Proprietary Dual – Rotating Polygon Design
Provides Safest and Most Reliable Detection Available, While Maintaining
Picture-Like Resolution and Long-Distance Capability

LOS ALTOS, Calif–(BUSINESS WIRE)–Innovusion Inc., the worldwide leader in the design and development of
innovative hybrid Solid State LiDAR systems for vehicle safety
applications, has announced the availability of its Cheetah system.
Based on its innovative rotating polygon optical architecture,
Innovusion has melded together proprietary detector electronics,
advanced optics and sophisticated software algorithms to offer a system
that has no equal in the long-distance, high-resolution LiDAR vehicle
mobility system industry.

Smart architecture, streamlined optics design, and integrated optical
paths result in rapid manufacturing, scalability into automotive
production, and lower cost. The ability to provide a detection range of
200 meters on objects with 10% reflectivity and clearly detecting
objects out to 280 meters, provides the best and most advanced
notification available today, creating more reaction time for the
vehicle to determine the best course of action resulting in optimum
safety performance. The system achieves picture-like imaging due to its
high number of vertical and horizontal scanning lines covering the
entire field of view. Every object is represented by an exceptionally
dense point cloud, resulting in optimum safety through the ability to
not miss important objects in the field of view. Because Cheetah’s
exceptional image quality, its point cloud is especially suitable for
fusing with camera data in the pixel level, producing a rich data set
resulting in groundbreaking reliable object detection and
classification. Based on its superior performance enabled by the
innovative rotating polygon approach, unique detector electronics and
proprietary algorithms, the Cheetah platform is ideal for safety system
architects as the main perception sensor for L3+ autonomous vehicles,
thus reducing the need for multiple LiDAR systems.

Key specifications of the Cheetah system include a screen resolution of
300 vertical pixels, while simultaneously maintaining a frame rate of
10Hz. Picture like resolution is achieved though its 0.13-degree
resolution over its 40-degree vertical FOV, and 0.14-degree resolution
over its 100-degree horizontal FOV. Because of the efficient rotating
polygon architecture, Cheetah draws under 40W, making it the most energy
efficient system of any high- performance LiDAR currently available. The
Cheetah LiDAR platform is miniature and robust with the sensor head
dimension measuring 112 mm (h) x 145 mm (w) x 105 mm(d), with a roadmap
to substantially reduce the future footprint and formfactor.

Dr. Junwei Bao, Innovusion CEO said, “Our technology strategy was to
create the Cheetah platform using a judicious combination of mature
industry-proven technology combined with innovative in-house optical and
systems expertise to be able to optimize the price/performance and
manufacturability of the resulting solution. Our team of innovative and
highly-skilled precision optical system designers created the industry’s
first Image grade high performance polygon-based solution that is robust
enough for the demanding requirements of the automotive industry. We
knew early on in order to build the safest mobility system possible, we
needed to utilize 1550nm laser combined with a large aperture polygon to
achieve the best possible distance and resolution thus maximizing
reliability and safety. We believe that Cheetah delivers picture-like
images and the best price/performance offering in the industry today
which we are confident will result in its rapid adoption in the
marketplace.”

Applications include vehicle safety systems, autonomous vehicle systems
and V2X (vehicle-to-everything) for automobiles, trucks, buses, trains
and off-road vehicles.

Single unit price is $35,000 for small quantities.

ABOUT INNOVUSION

Innovusion Inc., a private company, was founded in 2016 and is
headquartered in Los Altos, California. It is the world’s leader in
image-quality, long-distance LiDAR (Light Detection and Ranging)
systems. Its first product, Cheetah, employs its proprietary innovative
reliable dual rotating polygon design which enables the world’s safest
solution for Level 3+ Autonomous Driving Systems for vehicle mobility
applications. It successfully concluded its A Round funding of $30 M in
Summer 2018. Please visit us on the web at www.innovusion.com.

Contacts

Mr. Steve Ehrsam
Innovusion Inc.
Tel: 408 464 0253
Email: steve.ehrsam@innovusion.com

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Business Wire

Bermuda Government, Industry Group Heads to Toronto

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HAMILTON, Bermuda–(BUSINESS WIRE)–#Bermuda–Bermuda Finance Minister Curtis Dickinson leads a delegation of
government, regulatory and industry representatives to Toronto next week
to highlight Bermuda’s close links to Canada and opportunities for
bilateral trade and investment.

The delegation will take part in a
one-day multi-industry forum
, hosted by the Bermuda Business
Development Agency (BDA) Wednesday, June 19 at The Ritz-Carlton Toronto,
and also attend scheduled business development meetings around the city.
Featuring informative panel discussions, thought-leadership sessions,
and networking opportunities for investors and businesses interested in
learning more about the island, the forum is the sixth in a series of
overseas multi-industry showcases, following successful events in
London, New York and Miami over the past two years. It is the first in
Canada.

“We’re looking forward to meeting civic leaders, media, investors and
industry executives during the forum and related meetings,” said BDA CEO
Andy Burrows. “The aim is to increase awareness of Bermuda as a
gold-standard international financial centre and underscore our
jurisdiction’s historic and mutually beneficial relationship with
Canadian markets.”

The Consul General of Canada in New York, Phyllis Yaffe, will help
launch the forum with a fireside chat-style conversation with Minister
Dickinson. Another highlight of the day will be a keynote presentation
by Lucia Gallardo, a fintech entrepreneur who has partnered with the
United Nations to leverage blockchain systems to help resettlement of
refugees, among other projects.

Industry sessions include participants from more than 30 Bermuda-related
entities, among them, AMBIKA, Aon, Appleby, ArcTern Ventures, ASW Law,
AXA XL, the Association of Bermuda Insurers & Reinsurers (ABIR); Bennett
Jones, the Bermuda Insurance Management Association (BIMA), Bermuda
Monetary Authority (BMA), Bermuda Tourism Authority (BTA), Butterfield
Bank, ChainThat, Conyers, CryptoScan, Deloitte, Estera Services,
Exponential Ventures, EY, Fasken, Insurance Bureau of Canada (IBC),
KPMG, Kroll Bond Rating Agency, MQ Services, Outlier Canada, PwC, Quest
Management Services, RGAx, SALT Lending, and Shyft Network.

Canada is one of Bermuda’s most significant economic partners, with
two-way trade between the two nations amounting to USD$2.6 billion in
2017, and $37 billion in mutual assets and investments. Bermuda supports
an estimated 25,000 jobs in Canada, including 15,000 from multi-national
companies in Bermuda and their Canadian affiliates and represents
Canada’s fifth-largest export market in trade and services; only the US,
UK, Germany and France are greater Canadian export markets.

To register for the free, one-day forum, go to: http://bit.ly/TorontoForum

CONNECTING BUSINESS

The BDA encourages direct investment and helps companies start up,
re-locate or expand their operations in our premier jurisdiction. An
independent, public-private partnership, we connect you to industry
professionals, regulatory officials, and key contacts in the Bermuda
government to assist domicile decisions. Our goal? To make doing
business in Bermuda smooth and beneficial.

Contacts

MEDIA:
Rosemary Jones
Head of Communications &
Marketing
rosemary@bda.bm
441
278-6558 or 441 337-4696

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Business Wire

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Apple, Inc. To Contact The Firm

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NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Apple, Inc. (“Apple” or the “Company”) (NASDAQ:AAPL) of the
June 17, 2019 deadline to seek the role of lead plaintiff in a federal
securities class action that has been filed against the Company.

If you invested in Apple stock or options between November 2, 2018
and January 2, 2019
and would like to discuss your legal rights, click
here
: www.faruqilaw.com/AAPL.
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
877-247-4292
or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Northern
District of California on behalf of all those who purchased Apple common
stock between November 2, 2018 and January 2, 2019 (the “Class Period”).
The case, City of Roseville Employees’ Retirement System v. Apple
Inc., et al.,
No. 19-cv-2033 was filed on April 16, 2019.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that: (1) the U.S.-China
trade war had negatively impacted demand for iPhones and Apple’s pricing
power in greater China; (2) due to Apple discounting the cost of
replacement batteries to make up for the Company’s prior conduct of
intentionally degrading the performance of the batteries in older
iPhones, the rate at which Apple customers were replacing their
batteries in older iPhones, rather than purchasing new iPhones, was
negatively impacting Apple’s iPhone sales growth; (3) as a result of
slowing demand, Apple had slashed production orders from suppliers for
the new 2018 iPhone models and cut prices to reduce inventory; and (4)
defendants’ decision to withhold unit sales for iPhones and other
hardware, which was a metric relevant to investors and their view of the
Company’s financial performance, was designed to and would mask declines
in unit sales of the Company’s flagship product.

On January 2, 2019, after the close of trading, Apple disclosed that,
for the first time in 15 years, Apple would miss its prior quarterly
revenue forecast amid falling iPhone sales in China, its third-largest
market after the United States and Europe. The Company announced first
quarter fiscal 2019 revenues of only $84 billion, far below the expected
range of $89 billion to $93 billion the Company had announced just eight
weeks earlier on November 1, 2018. The Company also admitted that in
addition to macroeconomics in the Chinese market, the price cuts to
battery replacements a year earlier to fix the Company’s prior
surreptitious conduct had hurt iPhone sales.

On this news, the Company’s stock price fell from $157.92 per share on
January 2, 2019 to $142.19 per share on January 3, 2019—a $15.62 or
9.96% drop.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Apple’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential
manner.

Contacts

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New
York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone:
(877) 247-4292 or (212) 983-9330

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Business Wire

Three Finalists Selected Following GA-ASI’s Blue Magic Belgium Event

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PARIS–(BUSINESS WIRE)–Three finalists have been selected from GA-ASI’s Blue Magic Belgium
event with the goal of supporting GA-ASI and the development of MQ-9B
SkyGuardian Remotely Piloted Aircraft (RPA) for Belgium. The three
Belgian companies selected are AIRobot, ALX Systems, and Hexagon.

AIRobot, a company based at DronePort in Sint Truiden, Belgium, focuses
on developing drone performance equipment for easy, precise and safe
professional operations, while specializing in Artificial Intelligence
(AI) for processing hyper-spectral imagery. ALX Systems is an Unmanned
Aircraft System (UAS) solution provider based in Liège, Belgium and
specializing in AI for processing Full Motion Video. Hexagon’s
Geospatial division, with an office in Leuven, Belgium, specializes in
software solutions and geospatial tools for visualizing location
intelligence, such as auto-routing UAS and creating a smart digital
reality.

GA-ASI held outreach events in Belgium May 15-16 with the goal of
identifying small to medium-sized Belgian companies that can support
SkyGuardian development through cutting-edge technologies. This followed
the Government of Belgium’s approval for Belgian Defense to negotiate
acquisition of GA-ASI’s SkyGuardian to meet the nation’s RPA
requirements.

“We were very impressed by the many talented companies and particularly
by the innovative concepts presented by these three finalists,” said
Linden Blue, CEO, GA-ASI.

Blue Magic Belgium was a Research and Development (R&D) event held in
two regions of Belgium. Approximately 50 related companies registered
for the event and 19 companies were selected to present their innovative
technologies to a technical panel of experts from GA-ASI. GA-ASI is
committed to placing $3 million in R&D funding with Belgium industry.
This investment will focus on high-value technological development with
small to medium-sized enterprises. The seed funds will be utilized to
develop Belgian capabilities that meet Ministry of Defense (MOD) and
industry objectives to be competitive in future European RPA programs.

About GA-ASI

General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of
General Atomics, is a leading designer and manufacturer of proven,
reliable Remotely Piloted Aircraft (RPA) systems, radars, and
electro-optic and related mission systems, including the Predator®
RPA series and the Lynx® Multi-mode Radar. With more than
five million flight hours, GA-ASI provides long-endurance,
mission-capable aircraft with integrated sensor and data link systems
required to deliver persistent flight that enables situational awareness
and rapid strike. The company also produces a variety of ground control
stations and sensor control/image analysis software, offers pilot
training and support services, and develops meta-material antennas. For
more information, visit www.ga-asi.com.

Predator and Lynx are registered trademarks of General Atomics
Aeronautical Systems, Inc.

Contacts

Robert Walker
General Atomics Aeronautical Systems, Inc.
+1
(858) 524-8101
ASI-MediaRelations@ga-asi.com

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