Coherent Introduces VCSEL-Based Illumination Module Platform For Short- And Mid-Range Automotive And Industrial LiDAR
Portfolio Pulse from Benzinga Newsdesk
Coherent Inc. has launched a new VCSEL-based illumination module platform designed for short- and mid-range LiDAR applications in the automotive and industrial sectors. This new product aims to enhance the performance and reliability of LiDAR systems used in these industries.
January 17, 2024 | 11:13 am
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Coherent Inc. has introduced a new product for the LiDAR market, which could lead to increased sales and market penetration in the automotive and industrial sectors.
The introduction of a new VCSEL-based illumination module by Coherent Inc. is directly related to the company's product line and is likely to be seen as a positive development by investors. This innovation could lead to increased demand for Coherent's products in the growing LiDAR market, which is critical for autonomous driving technology and various industrial applications. The news is likely to have a positive short-term impact on Coherent's stock price as it demonstrates the company's commitment to expanding its presence in the LiDAR market and its ability to innovate.
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