Luminar Day

A New Era – Luminar Achieves Global Start of Production for Volvo Cars - Seite 3

Accelerating Industrialization in Expanded TPK Partnership

Luminar expands its partnership with TPK, a multi-billion-dollar manufacturer that has supplied companies like Apple and Tesla, after TPK's demonstrated ongoing success in building out capacity in its high-volume factory in Asia for Luminar following the launch of the partnership in April 2023. With the expansion, TPK is now beginning to provide significant industrialization resources to Luminar in its facilities for acceleration of scaling, efficient factory automation, and supplier management, which we expect will significantly reduce industrialization costs and product development timelines in the future.

Join Luminar Day via Livestream

Luminar Day begins at 2:00pmET/11:00amPT with a presentation by Austin Russell. Throughout the event, company executives and third-party industry leaders will discuss Luminar’s vision, execution, and the industry’s shift towards next-generation safety and autonomy. Livestream at https://www.luminartech.com/luminarday.

About Luminar:

Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software/AI platform to enable its over 50 industry partners, including most global automotive OEMs. From consumer vehicle programs with Volvo Cars and Mercedes-Benz to technology partnerships including NVIDIA and Mobileye, Luminar is poised to be the first automotive technology company to enable next-generation safety and autonomous capabilities for global production vehicles. For more information, please visit www.luminartech.com.

Forward-Looking Statements

Certain statements included in this release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “aims,” “believe,” “may,” “will,” “estimate,” “set,” “continue,” “towards,” “anticipate,” “intend,” “expect,” “should,” “would,” “forward,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Volvo’s start of delivery of the EX90 to customers and its successful launch, achievement of performance of next generation LiDAR currently in development, that software including in automaker vehicles will have similar performance at launch or in the future to Luminar’s software performance in testing for safety improvement and insurance reduction, that Luminar will be able to offer a registered insurance product in various markets and will be successful in attracting partners and customers, that Luminar will be offering and automakers will be interested in evaluating software development kits combined with hardware, and that new partnerships will result in cost reductions while improving industrialization and manufacturing. These statements are based on various assumptions, whether or not identified in this release, and on the current expectations of Luminar's management and are not guarantees of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including the risks discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Luminar’s most recently filed Form 10-K filed with the SEC. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Luminar undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.