MicroVision to Install Iris Lidar on Off-Highway Mining Trucks
MVIS•MicroVision signed a master development agreement with a leading construction and mining equipment manufacturer to install two Iris lidar sensors on off-highway haul trucks for enhanced obstacle detection and situational awareness. Shares rose 11% on the news and the partner could later integrate Halo sensors.
1. Master Development Agreement Details
MicroVision has entered a master development agreement with the world’s leading construction and mining equipment manufacturer to develop and deploy its lidar sensing technologies in industrial operations. Financial terms were not disclosed.
2. Initial Iris Lidar Installation
Under the agreement, the partner will install two Iris lidar sensors on off-highway haul trucks to enable high-resolution environmental awareness, obstacle detection, and situational intelligence in complex mining sites.
3. Future Halo Sensor Integration
If initial trials prove successful, the agreement allows for potential integration of MicroVision’s higher-resolution Halo lidar sensors in subsequent phases, expanding autonomous hauling and safety applications.
4. Strategic Portfolio Expansion
MicroVision has bolstered its product offerings through recent acquisitions of Luminar, Ibeo Automotive Systems, and Scantinel assets, complementing partnerships with Rivian, BMW, Audi and positioning it across automotive, industrial and defense markets.
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