Aeye, Inc. shares rise 21.15% after-hours after signing a strategic partnership with Black Sesame Technologies.

Aeye, Inc. rose 21.15% in after-hours trading, driven by the announcement of a strategic cooperation agreement with Black Sesame Technologies. This partnership aims to develop a world-class AI-based obstacle detection and early warning system, enhancing safety in railway operations. The collaboration leverages AEye's 4Sight Intelligent Sensing Platform, which combines lidar, camera, and radar technologies, positioning the company favorably in the market for advanced driver-assistance systems and autonomous vehicle technologies.