Arbe Robotics Ltd.

Good morning, everyone, and welcome to the RBA Robotics first quarter 2024 earnings results conference call. All participants will be in a listen-only mode. Should you need assistance, please see a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on a touch-tone telephone. To withdraw your questions, you may press star and two. Please note that today's event is being recorded. At this time, I'd like to turn the floor over to Mary Segal, CEO of MSIR. Please go ahead.

Thank you, everyone, for joining us today. Welcome to RBA's first quarter 2024 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. and the safe harbor statement outlined in today's release also applies to this call. If you have not received a copy of the PR, please view it in the investor relations section of the company's website. Toby Morenco, Arbe's co-founder and CEO, will begin the call with a business update. Then we will turn the call over to Corinne Pinto-Flomenboim, Arbe's CFO, who will review the financials in more detail. Finally, we will open the call for the question and answer session. With that, I'd like to turn it over to Kobi Marenko, our base BEO. Kobi, please go ahead.

Thank you, Riri. Good morning, everyone, and thank you for joining us. I'd like to start by sharing some exciting updates with you. We congratulate Hirane, one of our Tier 1s in China, on being selected to supply radar systems powered by the Arbe chipset to a global leader in autonomous driving with mass production scheduled in 2025. We look forward to providing more details about this announcement soon. Hirane also reached a significant milestone in Tier 1, the successful development of post-Point Cloud algorithms including tracking, classification, and free space mapping. These algorithms have been integrated into Hirin's imaging radar for serial production. These advancements were tested by OEMs, demonstrating their potential to improve automotive safety. Importantly, Hirin announced it will begin the mass production of these imaging radars by the end of this year. During the first quarter, Alba and our team once made significant progress in reaching our goal of serial production by the end of this year. We worked with major OEMs on data collection for their level 2++ and level 3 solutions, as well as on improving the radar specification. As part of our progress in Japan, we'd like to update that a large Japanese automotive client is working to complete a massive data collection initiative with other radar solutions this year as part of the development of an advanced ADAS and AD architecture. There is a wide demand for next-generation radar systems with a high channel count, now considered essential for road safety. In March, the Ace of Radar and Radar Perception at Mercedes emphasized publicly that ADAS radars require an array of at least 32 by 32 channels, Few companies meet these requirements, and Alba exceeds it with the largest channel array on the market. We see similar requirements in RFPs from other major OEMs. We are thrilled by the outstanding progress we are making with top OEMs worldwide. Despite industry delays, we are confident in our opportunity pipelines and our goal to secure full design wins this year, especially with promises and signs coming from leading top 10 OEMs. We look forward to sharing more updates very soon. Collaborations are key for Arbit. At the NVIDIA GCC conference, NVIDIA shared that it has brought together a select group of advanced sensors from industry leaders, including Arbit's Perception Radar, to create a rich ecosystem of simulation tools and applications as part of the Omniverse Cloud APIs. These are designed to accelerate the path to autonomy. Additionally, at the 2024 Beijing International Automotive Exhibition, Horizon Robotics, a leading provider of computing solutions for ADAS and autonomous driving in China, showcased the integration of WIFU's 4D imaging radar followed by the Alba chipset with a Horizon Journey 6 automotive AI processor as part of their partner ecosystem. As many of you know, there have been important developments within our industry and shifts towards new safety standards and regulations. These are needed to drive the future of world safety. We firmly believe that Alba has the best solution to effectively address these changes, to help lead the revolution. The new NISA federal safety standard for the U.S. mandates automatic emergency braking, or AEB, including pedestrian AEB for all passenger cars and light trucks by September 2029. This safety measure is set to reduce collisions and accidents with pedestrians. At the same time, Euro NCAP 2030 roadmap aims for zero road fatalities requiring proactive crash presentation in all scenarios. A key to successful failure will be in the sensors used to power the advanced safety standards and requirements. This creates a growing opportunity for the adoption of our technology, which is the leading solution for tracking pedestrians and vehicles in challenging weather and lighting conditions, even at high speeds and over long distances. We expect that by the end of the decade, over 15% of new cows will feature high-end imaging radars like ours, providing real safety and level 3 autonomy. Lastly, we are in the final stages of dual listing with an additional listing on the Tel Aviv Stock Exchange. At the same time, we are advancing the convertible bond issuance on the Tel Aviv Stock Exchange to secure working capital and support the expected production ramp-up in 2025. We are excited about the potential opportunities for our day, and we believe that 2024 will prove to be a turning point for our company. Now, I'd like to turn it over to our CFO, Karin, to go over the financials.