AEye Opens Munich Office; Sets Eye On European Market

AEye Inc LIDR has opened its new office in Munich, Germany.
The company expects the new location to expand its reach for automotive, mobility, trucking, logistics, and smart infrastructure markets in the region.
Also, AEye has appointed automotive engineer Andreas Prinz as technical sales director for Europe.
"We've experienced strong demand and traction in Europe across application segments, necessitating an on-the-ground physical presence to support AEye's growing customer base," said Bernd Reichert, SVP of Automotive.
AEye's offers a software-defined lidar solution for advanced driver assistance, vehicle autonomy, smart infrastructure, logistics, and off-highway applications.
Price Action: LIDR shares closed lower by 4.12% at $4.65 on Monday.