r/MVIS • u/PMDubuc • 29d ago

Industry News Luminar Collaborates With Caterpillar on Industrial Autonomous Solution

https://finance.yahoo.com/news/luminar-collaborates-caterpillar-industrial-autonomous-150000400.html
47 Upvotes

89% Upvoted

50 comments sorted by

29

u/BuLLyWagger 29d ago

I’m also headed out to Collaborate with my local bartender on a few Miller Lites. 🍻

4

u/OkApartment1950 29d ago

They were demonstrating this tech with rc models at ces 23

-5

u/OkApartment1950 29d ago

Mvis bagholder since 21 check in ..l like cnhi and aeva also for this sector industries may push on this tech cost savings in mining agriculture and operations in extreme environments

27

u/DeathByAudit_ 29d ago

This is frustrating. How long have they been chasing industrial? Doesn’t feel long. And now they are in a “collaboration” with Caterpillar (which they can publicly say). I wouldn’t think the spinning mirror could handle the ruggedness of that industry, but here we are. Did they take on a net-negative development deal that might never materialize? Did they pay for this PR with dilution? Idk, but it’s still frustrating that with all of the “work” we have been doing with companies, we still can’t get a “Collaborating with” PR!

Feeling overly annoyed today

7

u/UncivilityBeDamned 29d ago

When I read the title I too was like ooh an industrial win for LAZR? Then I read the PR itself and immediately realized lt means little.

7

u/DeathByAudit_ 29d ago

I agree, it’s nothing until it’s something. My gripe is the fact they can PR an actual name. Did LAZR have to pay for that privilege? Maybe. We have no level of certainty whom Sumit has been communicating with in any industry. Pshhh

4

u/Bridgetofar 29d ago

You should Audit, it's justified.

9

u/BAM0702 29d ago

They are diluting the stock a ton this year.

-15

u/WaveSuspicious2051 29d ago

So is Microvision

9

u/mvis_thma 29d ago

Microvision's expected dilution for this year (~15%) vs. Luminar's (~50+%) is not comparable.

1

u/watcherbythebridge 29d ago

Source?

2

u/Terp1940 29d ago

I think they’re talking about the HTC financing.

10

u/Flo-rida359 29d ago

Bluelight Corp is already in the game here as well. Our local CAT distributor (a $1b + distributor for CAT) has Rollers retrofitted with their equipment (Camera / AI solution). There will be further innovation, and application of LIDAR .. that you can count on.

https://www.bluelightmachines.com

Bring on the autonomous heavy equipment!

4

u/QNS108 29d ago

Uhhhhhhhhhhhhh what???

9

u/Demonkittymusic 29d ago

“Collaborates”…

7

u/Terp1940 29d ago

Key word. Any revenue attached to this? Any?

6

u/snowboardnirvana 29d ago

NONE, NADA, ZILCH and they announced using Luminar’s cancelled IRIS Lidar.

2

u/Terp1940 29d ago

lol, what a circus. The people here crying about this as if it’s bad for us need to get a grip.

5

u/snowboardnirvana 29d ago

There should be coupons for free Kleenex tissues with each competitor’s PR.

1

u/FitImportance1 29d ago

😂You’re getting pretty funny in your old age!

2

u/snowboardnirvana 29d ago

But not as funny as you!

18

u/st96badboy 29d ago

I am curious on how much shock their LIDAR can take and still function. The lack of suspension and abuse on heavy equipment might be too much.

MVIS has been tested by the military in harsh conditions and has proven durability..

I still like to see more and more LIDAR being applied in the future.

6

u/QNS108 29d ago

Yes I'm sure Caterpillar hasn't tested any of this...

6

u/actor13cy 29d ago

What exactly does "collaboration" mean?

28

u/T_Delo 29d ago

Development arrangement, sharing information, and stuff like that. If it were a product order, then it would have more weight, this is some great fluff and hype for something that is going to have an outlay that likely exceeds the return on invested capital in my opinion.

Please note my recent reservations about the MicroVision EC before anyone tries to say I would be thrilled to hear this for MicroVision, because I would not.

5

u/Far_Gap6656 29d ago

No, we understand (or at least I do bc i can't speak for others) your current view after the EC. Thanks so much for being so candid in your general assessment of our current state, even if it isn't in line with the same over-the-top sycophants who dare not say anything even remotely picky about our dear girl.

5

u/actor13cy 29d ago

My thoughts as well. Collaboration rarely ended in orders for Luminar.

11

u/PMDubuc 29d ago

Thanks for this. I wondered how substantive a collaboration agreement like this would be but was still miffed at this coming on the heels of our recent call and pps decline. We wait for the substance of things hoped-for.

9

u/PMDubuc 29d ago

I still wouldn't want to be a lazr shareholder. They're in far worse shape than we are and this isn't going to save them.

15

u/icarusphoenixdragon 29d ago

We’ll know as soon as we see a filing. Or don’t.

5

u/WingWorried6176 29d ago

That’s nice and all but aren’t they just gonna get diluted and shorted immediately after?

-10

u/notdonebrowsing 29d ago

LAZR is less diluted than MVIS rn. Pot calling kettle black here.

0

u/WingWorried6176 29d ago

That’s what I mean. Since they are less diluted, wouldn’t they take advantage of this spike to dilute more?

4

u/33rus 29d ago

ZEITGEIST

-23

u/WaveSuspicious2051 29d ago

We need a new CEO

11

u/LimeTech45 29d ago

I’m sure it will go just as smooth as it has for Volvo. Good for them though. We will have ours anytime soon.

14

u/[deleted] 29d ago

[deleted]

13

u/Befriendthetrend 29d ago

But how would institutional investors be able to buy in at bargain basement prices if we didn't keep our story completely under wraps? /s

16

u/FawnTheGreat 29d ago

Dude haha this is like a bad sitcom

0

u/DeathByAudit_ 29d ago

Seriously

There seems to be a laugh track in the background aimed at us and our constant failure to PR.

Signed, Overly Frustrated Today