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Thursday, 7 September 2017, 19:00 HKT/SGT

Source: O-Net Technologies (Group) Limited
O-Net Launches "PANDA" in Shenzhen today
Next Generation Cost Effective LiDAR Product Designed to Enable Real-World Autonomous Car Applications

HONG KONG, Sept 7, 2017 - (ACN Newswire) - O-Net Technologies (Group) Limited ("O-Net" or the "Group") (stock code: 877), a leading high technology enterprise, launched in Shenzhen today its next generation cost-effective light detection and ranging ("LiDAR") product PANDA, which is a new pulsed laser product platform capable of 1550nm LiDAR autonomous navigation, 3D mapping and remote sensing ideal for autonomous car applications.

(From left to right) Mr. Ben Hua, Vice President (Research & Development) of O-Net; Mr. Fotis Konstantinidis, CEO of ITF Technologies; Mr. Austin Na, Chairman and CEO of O-Net and Mr. Nigel Holehouse, Vice President (Research & Development) of ITF Technologies unveiled next generation cost effective LiDAR product - PANDA in Shenzhen today.

Mr. Austin Na, Chairman and CEO of O-Net delivered opening remarks at the launch ceremony of PANDA in Shenzhen as it marks a new milestone to O-Net's LiDAR product development.

Mr. Fotis Konstantinidis, CEO of ITF Technologies, a subsidiary of O-Net, explained the innovative technologies used in the new generation PANDA products.

During the launch ceremony, Mr. Nigel Holehouse, Vice President (Research & Development) of ITF Technologies, explained PANDA's features, including autonomous navigation, 3D mapping and remote sensing, which are crucial for autonomous car applications.

The launch ceremony of PANDA was attended by industry experts, business leaders as well as key representatives from leading global technology and automobile companies including a leading internet and web service giant in China, a Hong Kong- and Shenzhen-listed Chinese manufacturer of automobiles and rechargeable batteries, and a global fables semiconductor and IC design company based in Shenzhen.

Mr. Austin Na, Chairman and CEO of O-Net, said at the ceremony, "We are excited about the launch of PANDA, a cost-effective next generation product, which marks a new milestone to O-Net's LiDAR product development. With the support of our vertically integrated operational structure and proven expertise, we are confident of supporting multiple LiDAR applications and producing more compact units at cost that allows mass market deployment. We are set to become a major LiDAR technology supplier for the rapidly growing Advanced Driver Assistance Systems (ADAS) market. We will continue to innovate and integrate key components for product size reduction and cost enhancement that we will provide highly reliable and dependable products that can match customers' performance and price expectations."

PANDA is a new kind of Pulsed Laser for LiDAR applications and is based on 1550nm fiber laser architecture for improved resolution, range, eye safety, low power consumption and in a cost effective package, which are key requirements of the sensing systems in Level 5 autonomous vehicles. PANDA's 1550nm fiber laser architecture is free from all performance shortcomings of current 905nm LD technology-based LiDARs. PANDA is small, lightweight, very reliable and rugged, promising to withstand all weather conditions that autonomous vehicles will be exposed to. The PANDA module measures only 9cm x 9cm X 3cm thick, weighs less than 400 grams and is designed to exceed the demands of the most challenging real-world autonomous navigation, remote sensing and 3D mapping.

O-Net, one of the world's largest companies for Erbium-Doped Fiber Amplifiers ("EDFA"), and supplier of 980nm pump lasers worldwide, has fully integrated capability for 1550nm Pulsed Laser for LiDAR, from system design, laser chip manufacturing, subcomponent manufacture and volume assembly in its state-of-the-art manufacturing facilities, scalable for meeting the demands of the dynamic and fast growing market.

"PANDA, having completed the qualification process, has moved into full production. Several hundred PANDA units will be deployed this year in autonomous cars equipped with prototype LiDAR systems and O-Net will scale up production in 2018 and beyond, as customer demand for the product is increasing. We are confident that PANDA will become one of our key growth drivers in coming years and we will continue to develop cost-effective LiDAR products to meet the growing global demand for them," Mr. Na concluded.

About O-Net Technologies (Group) Limited (Stock code: 877)

O-Net Technologies (Group) Limited, with headquarter in Shenzhen, was listed on the Stock Exchange of Hong Kong Limited on 29 April 2010. It is a leading supplier of optical networking products to the global optical telecommunications and data-communications markets. To further strengthen the Group's leadership in the global technology industry, O-Net, along with 3SP and ITF, secures the supply of advanced laser chips and optical components in order to widen the Group's product range and improve its technologies through vertical integration. Riding on the Group's core optical networking technology platform, it has diversified from its core business to certain new businesses including automation, sensing and industrials, and has re-positioned its strategic focus from a sole telecom passive component supplier to a high technology leader with advanced products and solutions for cloud data centers, industrial laser, ADAS and consumer electronics markets with an aim to become a leading high-tech company.

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Topic: Press release summary
Sectors: Electronics, Security, Automotive, Engineering
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