We are happy to announce that after a multi-year collaboration, Freedom Photonics has decided to join forces with Luminar (Nasdaq: LAZR), a leading global automotive technology company. Joining Luminar is the perfect opportunity for Freedom Photonics, providing us an accelerated path to at-scale commercialization of our world-class diode laser technologies. In addition to helping extend Luminar’s automotive industry leadership, we will continue to serve and grow our broad customer base across other key markets that Freedom Photonics is engaged in. The Freedom Photonics executive team will continue to lead and expand the business upon close of the transaction, which is expected in the second quarter.

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