The estimates included herein are based on projections of future production volumes that were provided by our current and prospective OEMs at the time of sourcing the design wins for the models related to those design wins. For the purpose of these estimates, we estimated sales prices based on our management's estimates for the applicable product bundles and periods. Achieving design wins is not a guarantee of revenue, and our sales may not correlate with the achievement of additional design wins. Moreover, our pricing estimates can be affected by market conditions, and worsening market or other conditions between the time of this estimate and an order for our solutions may require us to sell our solutions for a lower price than we initial expected. Accordingly, our revenue estimates for design wins may be materially wrong based on actual production volumes and sale prices (which may be higher or lower than the estimates) and the amounts included for expected revenue may never be achieved. Accordingly, these estimations are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections.

Press Contacts

Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
Email Contact

Pat Burek
Senior Vice President
Financial Profiles, Inc.
Email Contact

Investor Contacts

Michal Ben Ari
Investor Relations Manager
Valens Semiconductor
Email Contact

Lisa Fortuna
Senior Vice President
Financial Profiles, Inc.
Email Contact

Logo - https://mma.prnewswire.com/media/2309625/4474760/Valens_Semiconductor_Logo.jpg

View original content: https://www.prnewswire.com/news-releases/valens-semiconductor-announces-three-automotive-design-wins-from-leading-european-oems-for-its-va7000-mipi-a-phy-chipsets-302250154.html

SOURCE Valens Semiconductor