BUSINESS.Overview Our vision is to make autonomous transportation safe and ubiquitous. These systems, however, fall short of delivering substantial safety gains. ADAS ADAS volumes are primarily driven by both the European and North American markets. Many companies have developed lidar sensors, but not all have developed lidar systems. For us, this means doing more than delivering the best possible lidar sensor. Commodity Components in Automotive Camera. However, with this low cost comes limitation. All data sourced from Luminar and other lidar company spec sheets and physics. Our analysis here is focused on what is required for vehicular safety and autonomy. The Colorado Springs location creates the custom ASIC chips used in our lidar sensors. These requirements are enforced by the U.S. Food and Drug Administration ("FDA"). Electronic product radiation includes laser technology. We expect to experience significant growth in the scope and nature of our operations. As such, historical comparisons of our operating results may not be meaningful. As part of growing our business, we may make acquisitions. Moreover, the costs of identifying and consummating acquisitions may be significant. International sales comprise a significant amount of our overall revenue. Our R&D efforts may not be sufficient to adapt to changes in technology. In particular, sweeping changes were made to the U.S. taxation of foreign operations. Any of these results could adversely affect our brand and operating results. ITEM 1B. UNRESOLVED STAFF COMMENTS.None.
