Luminar collaborates with caterpillar on industrial autonomous solution

Orlando, fla.--(business wire)--luminar (nasdaq: lazr), a leading global automotive technology company, announced a collaboration with caterpillar inc. to integrate lidar technology into caterpillar's next generation autonomous solution. lidar, which stands for light detection and ranging, is critical for navigation and obstacle detection in autonomous machines. lidar uses light in the form of a pulsed laser to continuously scan the surrounding environment and provide high-precision measurement.
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