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Torc Robotics, a leading developer of autonomous and connected vehicles, in partnership with Luminar, a leader in LiDAR technology, created and deployed the first commercial truck for autonomous driving. The Avion autonomous truck launched on June 27, 2018, on public roads in Tel Aviv, Israel. With the same vehicle, Torc Robotics and Luminar have installed a public demonstration of the LiDAR sensor and have been testing the capabilities of the LiDAR-capable vehicle at highway speeds along Israel Highway 4. Torc Robotics is in discussions with several industry partners to deploy the same experimental truck to roadways in Canada and the United States. The truck runs a local autonomy system for lane keeping and lane detection, with a further build-out to allow for full autonomy in the future. And, the first version of Avion was designed as a vehicle that can be equipped with additional LiDAR units to form a complete perception and identification framework, enabling autonomy at all speed and range ranges. Avion represents Luminars vision to power every autonomous vehicle by delivering the only LiDAR capable of making them both safe and ubiquitous. The journey of Avion is a road map for the future of autonomous transportation, demonstrating Luminars ability to reach its vision within three years.

Luminar is launching a long-term partnership with long-standing industry leader Bosch providing a full line of sensors and LiDAR grade software for autonomous vehicles. The Integrated Autonomous Driving (IAD) vision sensor is designed to be installed on current aftermarket, non-camera based vehicles to enable them to operate at maximum safety levels without the limitations on resolution, cost, and raw data volume inherent to the legacy composite technology.

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Weve made little changes to date Luminar, and weve made fewer changes in 1.2 than we did in 1.0 and 1.1 combined, said Jeff Seng, CTO and co-founder of Luminar, and COO of Betaworks. The number and percentage of modifications have increased, but weve done this while increasing Luminars usability and stability in all areas.

We hope youll love the new look of Luminar, and we hope its a smooth transition into the new interface. For the most part, we didnt touch the look and feel for all our UI components. We certainly added some user-friendly new features, most notably a new Layer panel, which lets you see what settings are applied to the selected layer. Weve also added an interface to display layers in a grid that lets you more easily see your editable layers. Finally, to improve search results, we added a photo index.

With the release of the new Luminar 1.2, we are rolling out a number of important updates to Luminar and the Luminar AI. This includes a few enhancements to our improved AI module, as well as the official release of Luminar 4.1. Now that Luma 4.1 is available for you to download from the Luminar site along with the videos showcasing what is new, I thought I would do a quick post-mortem of this release.

Luminar 4.1 is one of the most complicated, and the one with the largest impact on most users. Just about everyone who upgrades from Luminar 3 will need to download new Photo Packages. If youve previously purchased Luminar 3 or the full Luminar 4 Core Suite, then you dont need to do anything. If youve previously purchased Luminar 3 alone or the Luminar 3 + AI Core Suite, youll have to download those packages or adjust your current selections to get the right set. If youve previously purchased Luminar 4 Core Suite alone, then you should download those packages or adjust your current selections to get the right set.

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Luminar acquired the state of the art, self-driving car lidar sensor from Velodyne. Luminar’s long-standing relationship with Velodyne, and the abilities of its sensor to enable autonomous vehicle operations on public roads, made Velodyne a natural fit for Luminar’s autonomous vehicle development. Immediately following the acquisition of Velodyne, Luminar out-performed the market and captured 7 of the top 10 and the top four slot for autonomous vehicle lidar.

Luminar has worked diligently to lead the industry in building deep, accurate, multi-modal features to describe the road environment and all of its moving parts. We currently have the highest level of field-tested features. Our vision system has gone through a rapid development cycle and has already recorded thousands of hours of autonomous driving.

More than 400 people have worked at Luminar and partner companies, including Google, BMW, Porsche, and Daimler. Founded by Austin Russell, who led its sensor development efforts for many years and has numerous patents to his credit, Luminar has built a strong team and trailblazing sensor capabilities. Luminar is on track to power the world’s first highway, Level 5 autonomous vehicle in 2021.

The forward-looking statements contained in this press release speak only as of the date hereof. Gores Metropoulos and Luminar may not actually exercise these forward-looking statements and all such forward-looking statements are inherently uncertain. For example, these forward-looking statements may include statements regarding the timing of the completion of this transaction, information regarding the results of operations of Gores Metropoulos or Luminars as a result of this transaction and the expected effects of this transaction on Gores Metropoulos or Luminar. Factors that could cause Gores Metropoulos or Luminars actual results, performance or achievements to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements include, but are not limited to, failure to consummate this transaction, delays in obtaining or failure to obtain required regulatory approvals, changes in economic and political conditions and/or other factors more specifically described in our filings with the Securities and Exchange Commission. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Gores Metropoulos or Luminar will derive therefrom. Readers are cautioned not to place undue reliance on these forward-looking statements. Gores Metropoulos and Luminar expressly disclaim any obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this release.

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