Inertial Labs Picks Hesai's Sensors For Perception And Navigation Capabilities - Hesai Gr (NASDAQ:HSAI)

Hesai Technology HSAI has signed a multi-year technology partnership Agreement for lidar sensors with Inertial Labs.
Inertial Labs provides mobile robotics navigation systems & inertial measurement units.
Inertial Labs will use Hesai's sensors to provide perception and navigation capabilities for its navigation systems for autonomous marine, land, and aerial-based robotics systems.
Hesai's lidar sensor solutions enable robotics systems to operate autonomously and provide real-time 3D point cloud data for localization, obstacle detection, and path planning.
The sensors are also unaffected by varying lighting conditions and can operate in daytime & nighttime.
"Our research has led us to conclude that Hesai LiDAR sensors are the ideal choice for achieving highly accurate and reliable 3D measurements," said Inertial Labs CEO, Jamie Marraccini.
Price Action: HSAI shares are trading higher by 11.25% at $10.03 on the last check Monday.