Aeye, Inc. shares surge 15.57% intraday after strategic partnership with Blue-Band LLC for next-gen traffic infrastructure monitoring.

Aeye, Inc. surged 15.57% intraday after announcing a strategic partnership with Blue-Band LLC to integrate Apollo LiDAR technology with the Integrator-AI platform for next-generation traffic infrastructure monitoring systems, capable of detecting targets up to one kilometer away. The company specializes in high-resolution 3D perception LiDAR solutions for autonomous vehicles, ADAS, and smart city infrastructure software-defined systems.