Arbe Robotics Ltd.

Good day and welcome to the RBA Robotics first quarter 2020 results conference call. All participants will be in listen-only mode. Should you need assistance, please signal 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 then one on a touch-tone phone. To withdraw your question, please press star then two. Please note, today's event is being recorded. I would now like to turn the conference over to Kenny Green of EK Investor Relations. Mr. Green, please go ahead.

Thank you. Good day to all of you, and welcome to our base conference call to discuss results for the first quarter of 2026. Before we begin, I would like to remind our listeners that certifications provided on this call may contain forward-looking statements, and 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 Ram Mathnes, RBA's Chief Executive Officer, who will begin with a business and strategic update, Kobi Marenko, President and Co-Founder, who will provide perspective on RBA's long-term direction, and Karine Pinto-Flemmenbong, Chief Financial Officer, will review the financials. Following management's formal remarks, we will open the call for the question and answer session. And with that, I'd like to hand the call over to Ram. Ram, please go ahead.

Thank you, Kenny. Good morning, everyone, and thank you for joining us to review ARBE's first quarter 2026 results. I stepped into the CEO role in April, and I see significant potential ahead for ARBE. During the first quarter, we made a strong progress and accelerated on the strategy we set out at the start of the year. Today, I will focus on the main areas where we are making progress. Alba is growing from a chipset-focused automotive company into a supplier of complete radar solutions across automotive and increasingly into adjacent markets. This quarter, we hit several commercial milestones that reflect this transition. We began shipping chips into China through our tier one hiring. We received orders from Robotaxi customers. We also received orders for data collection programs with global automakers and leading mobility players. I will now go deeper into each of these areas, starting with automotive. Let's start with China, the fastest-moving automotive market in the world. During the quarter, we shipped the initial batch of chipsets to Highland. These chipsets supported production of 48x48 channel radon, a project that we announced in December in which HiRAN is developing a level 4 autonomous vehicle solution for a Chinese automaker. In parallel, HiRAN is developing new radon, also based on our chipset, with 24x12 channels designed as a lower cost system that can be used by a wider range of vehicles. This configuration complements its existing high-end 48x48 radar system based on our chipset. With our technology, high-end is becoming a key radar platform player in China. It can offer OEMs a path from high-end radar systems that are available today in China to full 2K ultra-high resolution performance. China sold 34.4 million vehicles in 2025, through a local T1 RBGENX direct access to one of the world's largest and fastest moving markets for level 2 plus and level 3 deployments. Turning to robotaxis, we received orders for our Phoenix radar system from global robotaxis companies. These systems support level 4 autonomy and put 360 degree sensing. This clearly shows that our high resolution radar delivers the performance and coverage required for level 4. More broadly, this is a strong and growing interest for our automotive chipset. We are taking part in data collection programs with global automakers and leading mobility players. We have progressed into advanced selection processes with specific Chinese and European automakers. These evaluations focus more and more on the specific use cases where cameras and light-outs fall short and where imaging radar becomes the key sensor. These strengthen our industry interest in our radar technology as a core sensing platform for autonomous driving program. This interest comes alongside an important shift in the automotive market. Recently, several leading OEMs have revisited the Level 3 program. We don't see this as a rejection of eyes of autonomy. We see it as a reset, going back to the right basics of autonomy. The first generation Level 3 systems had clear limitations. They were geofenced. Some were limited in speed, some limited to good weather only, and many never reached commercial deployment. Beside the maturity of the algorithm, we believe that one other main reason for that is related to the performance of the sensor and specifically imaging radar not providing the needed performance. Based on our discussions with many OEMs, automakers are now actively looking at the next generation eyes of platforms and looking for sensing that can support level 3 use cases. This is exactly the gap our high-resolution radar is designed to fill. We also wanted to understand what drivers want from the eyes of autonomy. A survey of 1,000 people across US, Europe, and Asia came with a clear message showing that drivers are willing to pay, willing to switch their car, and even their brand for fully operational Level 3, Level 4 autonomous driving. Consumers are ready for eyes of autonomy, but only when it is safe, smooth, and reliable. That is exactly the capability that Albe's ultra-high resolution radar enables. You are invited to our website to learn more about this survey. Before moving beyond automotive, let me briefly touch on physical AI because it's becoming central to where our technology plays. We are seeing how the revolution in AI and machine learning is introducing new generation of algorithms. Those algorithms and specifically vision language action models are transforming how intelligent systems sense, understand, and interact with the physical world. In automotive, it drives nothing but a breakthrough progress for level three and level four capabilities. And beyond automotive, it opens a wide opportunity across robotics, logistics, and other autonomous systems. These physical AI systems are only as good as the real-world data they receive, especially in safety-critical environments such as vehicles. This is where our best fits. Our radar provides dense sensing, long range, low latency, and consistent performance in all weather. This is exactly the type of machine-understandable input that AI-driven autonomy needs. During the quarter, NVIDIA announced it expanded the global drive Hyperion ecosystem to accelerate the road to full autonomy, and cited Arbe as part of its platform. Our ongoing work with NVIDIA on radar-based free space mapping and AI-driven automotive capabilities is one example of how we are placing ARBE at the center of this major shift. Now let's look beyond automotive, where our technology is opening meaningful new opportunities. The first important development is that ARBE has begun selling complete end-to-end radar systems in addition to selling chipsets. This allows us to address markets where consumers want a full radar solution and where sales cycles are much shorter. We already started shipping these systems to players across defense, homeland security, transportation applications, perimeter security, physical AI, and several other applications. To support this, we have also set up dedicated production lines to scale system manufacturing. Taken together, these milestones show that our leadership in automotive radar can extend into perception-critical markets. We are expanding our reach, broadening our opportunities, and significantly increasing our total addressable market. With that, I'll turn the call over to our president and co-founder, Kobi Morenko.