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Hesai Group Charges Forward with IPO Pricing: Week in Brief: 02/10/23

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SHANGHAI, Feb. 10, 2023 — Lidar technology company Hesai Group announced the pricing of its initial public offering of 10 million American Depositary Shares (ADS), at $19 per ADS, for a total offering size of $190 million. Each ADS represents one class B ordinary share of the company. The ADSs are listed on the Nasdaq Global Select Market under the ticker symbol HSAI. The offering is expected to close on Feb. 13, subject to customary closing conditions. ELKRIDGE, Md. — Teledyne FLIR Defense, part of Teledyne Technologies Inc., has been awarded a $13.3 million contract by the U.S. Department of Defense to...Read full article

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    Published: February 2023
    Glossary
    lidar
    Lidar, short for light detection and ranging, is a remote sensing technology that uses laser light to measure distances and generate precise, three-dimensional information about the shape and characteristics of objects and surfaces. Lidar systems typically consist of a laser scanner, a GPS receiver, and an inertial measurement unit (IMU), all integrated into a single system. Here is how lidar works: Laser emission: A laser emits laser pulses, often in the form of rapid and repetitive laser...
    astronomy
    The scientific observation of celestial radiation that has reached the vicinity of Earth, and the interpretation of these observations to determine the characteristics of the extraterrestrial bodies and phenomena that have emitted the radiation.
    BusinesslidarOpticsLasersastronomySensors & DetectorsMaterialsmanufacturingagreementfundingpartnershipHesaiTeledyne FlirCoherentCACI InternationalOrbital SidekickTAU SystemsUT AustinQuantum Computing IncSSAINASAAzentaZiathBiophotonicslife scienceacquisitionAGCSaint-GobainAmericasEuropeAsia-Pacific

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