Aeye, Inc. shares rise 13.46% premarket after signing strategic partnership with Black Sesame Technologies.

Aeye, Inc. surged 13.46% in premarket trading, with the company announcing 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 sensors, along with integrated AI, to capture intelligent information for various applications.