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November 11 , 2021 LUMINAR Luminar Provides Q3 2021 Business Update and Financials Spotlighting New Commercial Wins and Strategic Partners ; Securing Supply Chain ; Accelerating Software Development ORLANDO , Fla .-- ( BUSINESS WIRE ) -- Luminar Technologies , Inc. ( NASDAQ : LAZR ) , the global leader in automotive lidar hardware and software technology , today announced its quarterly business update and financial results for the third quarter of 2021 , ended September 30 , 2021. Building on Luminar's commercial momentum , this week the company announced that NVIDIA has selected Luminar¹ for its autonomous vehicle platform known as NVIDIA DRIVE Hyperion , which is available now for 2024 vehicle models . This press release features multimedia . View the full release here : https://www.businesswire.com/news/home/20211111005982/en/ “ This quarter was one to remember with the debut of our Proactive Safety software , new top vehicle integration partnerships , two trucking wins , closing the acquisition of a key supplier , world - class leadership additions , and the culmination of our platform win with NVIDIA , " said Austin Russell , Luminar Founder and CEO . “ At the same time , we've been meeting or beating all five of our company - level milestones we outlined towards the beginning of the year through relentless execution and commercial success . We look forward to powering the safest production vehicles on the road and enabling the first truly autonomous capabilities . " Today , Luminar released a video update regarding the path to series production of its Iris sensor . The video can be viewed at : www.luminartech.com/path . Major 2021 Milestones and Q3 Company Highlights : Today , Luminar reported progress against its five key 2021 milestones . 1. Iris Industrialization for Series Production : Product development and tooling are both predominantly complete , and Luminar is entering the C - phase of its product lifecycle . Luminar continues to work closely with its manufacturing partners Celestica and Fabrinet and has successfully secured next year's supply chain . 2. Software & Product Development : In Q3 , Luminar debuted its Proactive Safety ™ functionality , which is enabled by its Sentinel software , at IAA Mobility² . The company has successfully developed its alpha version of the full - stack Sentinel solution , and demonstrated both advanced automatic emergency braking and assisted highway driving capabilities . Luminar expects to unveil to the public its Sentinel alpha on Iris at the Consumer Electronics Show ( CES ) in January . 3. Commercial Programs & Customer Adoption : Luminar confirmed it achieved its goal of six major commercial wins this year , with the addition of NVIDIA and Polestar's public disclosure . In Q3 , Luminar's technology was also selected by two of the leading