Arbe Robotics Ltd.

Good day and welcome to the RBA Robotics second quarter 2022 financial results. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing star then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Miri Segal, CEO of MSIR. Please go ahead.

Thank you, everyone, for joining us today. Welcome to RBA's second quarter 2022 financial results conference call. Before we begin, I would like to remind our listeners that certain information provided on this call may contain forward-looking statements. in the safe harbor statement outlined in today's earnings release also pertains to this call. If you have not received a copy of the release, please view it in the investor relations section of the company's website. Today we are joined by Koby Malrenko, ARBE's co-founder and CEO, who will begin the call with a business update. Then we will turn the call over to Corinne Pinto-Flomenboim, CFO, who will review the financials. Finally, we will open the call up to our listeners for the question and answer session. With that, I'd like to turn it over to Kobi Marenko. Kobi, please go ahead.

Thank you, Mary. Good morning, everyone, and thank you for joining us. I would like to begin by reviewing some of our recent business highlights. In July, we introduced LINX, the industry's first surround imaging radar, fulfilling a significant market need for 360 long range, high resolution sensing at an affordable price. With 24 by 12 channels, LINX outperformed the most advanced industry radars on the market today, even the highly priced front radar, making it the first surround radar able to announce perception and sensor fusion. The Lynx imaging radar was designed to complement OBE's flagship product, Phoenix Perception Radar, which processes 48 by 48 channels. Both radars will walk in sync to deliver unified perception and interference avoidance and to provide full sensor coverage around the vehicle, enabling unparalleled safety for vehicles. LINX is designed to be a corner and back radar for L2 plus and higher autonomous vehicles. We anticipate that four to six surround imaging radars will be integrated per vehicle in addition to one or two perception radars. Further, LINX can be utilized as a front radar for ADAS, and we believe it is the only product on the market that can fulfill the NCAP safety requirements. We believe that this launch represents an enormous business opportunity for Aave and for the Tier 1s that build and sell radars based on Aave's chipset. I am also happy to share with you that we reached a major milestone with our strategic partner, Global Foundries, in the second quarter. As many of you know, Global Foundries is a major semiconductor supplier for the automotive and other industries, and it has established a designated area dedicated to the production and sampling of our best chipsets within their fab. Global Foundries has delivered the first significant customer sample shipment of our chips in the second quarter. In addition, both companies have signed a long-term manufacturing agreement that covers quality assurance, assembly, and testing and marked tremendous progress going into mass production. We believe this will provide us with the quality and capacity necessary to meet our customer requirements. China is the largest vehicle market in the world. During the second quarter, a leading Chinese ADAS-T1 supplier, high-end technologies, announced that it is undertaking major OEM and autonomous driving projects with imaging radar based on the ARVE chipset. HyREN announced that it expects to reach full mass production of radar system by 2023. HyREN's radar system utilizes ARVE chipset with 48 transmittal channels and 48 receiving channels and a dedicated processor to map the environment and sense the surrounding of the vehicle in high resolution. In parallel to this announcement, Hirin has been shortlisted for leading Chinese OEMs RFQs, which is a major business milestone. Albe's pipeline continues to grow. During the second quarter, Albe added two new customer engagements, including a track OEM that is leading in level 2 plus track design, and a new mobility company that is focusing on level four vehicles. Additionally, Tier 1 submitted five RFPs and RFQs with Albe's chief set to major OEMs, committing to supply the customer with volume ranging from 400,000 to 1 million systems per year. Albe is now shortlisted for eight RFPs, RFQs. This includes top OEMs from North America, Europe, and Japan. Winning all these contracts would generate $7.5 billion in revenues for us by the end of the decade. On the corporate front, we have made some key organizational changes at Arbe that we believe will help boost our company to the next level of growth. We formed consolidated, highly focused R&D groups to scale our business, allowing us to deliver the revolution in radar solutions to our customers. With these changes in place, we will accelerate product execution while maintaining technological excellence as we focus on the next generation of solutions. Finally, just last month, Arbe's early shareholders initiated an extension to the local period. This gives us great confidence that our shareholders believe in the long-term potential of Arbe's business and in our ability to seize the opportunities ahead. Full details about the extended period can be found on our investor website and in our filings with the SEC. As we enter the second half of 2022, we are shifting our focus to production and execution. We believe that our expanded offering, Phoenix Perception Radar and Lynx Surround Imaging Radar, can open new and vast industry verticals and further expand Alves' business potential. This is our time to win new businesses and monetize our engagement by building on our innovative technology and strong execution capabilities. In addition, the production timeline announced by Hiren Technologies, coupled with the progress achieved by all Alves' D1s, is positioning us ahead of the rest of the industry. Now I'd like to turn it over to our CFO, Corinne, to go over our financials.