Tesla and Intel executives join Luminar

Alan Prescott joins as chief board member to lead Legal; Trey Campbell joins Vice President of Investor Relations

Luminar Technologies, Inc. (‘Luminar’ or ‘the company’) (Nasdaq: LAZR), the world leader in automotive hardware and software technology in the automotive industry, announced today that two industry leaders have joined as executives: Alan Prescott as Chief Legal Officer, and Trey Campbell as Vice President of Investor Relations.

Alan Prescott is a legal expert, an engineer and a 20-year veteran in the automotive and autonomous industry of top OEMs and technology companies. He will be responsible for directing all legal actions as Luminar’s Chief Legal Officer. Alan joins Tesla’s Luminar, where he has been acting General Counsel for the past four years. Prior to Tesla, he led Uber’s Advanced Technology Group’s legal team as a senior advocate overseeing commercial, regulatory, litigation, privacy and cyber security. Alan’s career began at Ford Motor Company as a safety engineer before receiving his law degree from Georgetown University, after which he spent more than ten years concentrating on various legal activities in the automaker, focusing on product development and manufacturing, as well as a few year as a special council to the General Council.

“Alan is an excellent addition to our executive team with an impressive track record and deep experience in leading and directing legal functions at a range of companies in our industry,” said Austin Russell, Founder and CEO of Luminar. “He understands the challenges and nuances of the industry in the autonomous management space and in the automotive industry more broadly, and we look forward to his insights and expertise as we continue to grow our business and expand our product and commercial roadmaps. accelerate. “

Trey Campbell will lead the functions of Luminar’s investor relations, serving as the primary liaison with Luminar shareholders and the financial community. Prior to joining Luminar, he was a 20-year veteran and financial manager of Intel Corporation. He began his career at Intel as a financial analyst in the Technology and Manufacturing Group, and later moved on to Intel’s business groups, corporate strategy, information technology, sales and marketing, and has since served as vice president of investor relations. During his tenure at Intel, Trey gained extensive expertise and fluency in managing corporate finance for existing and emerging technologies. Trey earned his bachelor’s degree from the University of Texas and his MBA from the University of Illinois.

“Trey’s background in leading and growing an investor relations practice at a listed global technology corporation will be invaluable to Luminar as we continue to pursue our short- and long-term initiatives to fulfill our vision,” he said. Tom Fennimore, chief financial officer said. by Luminar. “Trey’s strong leadership and communications experience, as well as long-term relationships with the financial community, will help tremendously as we lead the industry, creating shareholders and taking Luminar to the next level.”

About Luminar Technologies

Luminar is an autonomous vehicle sensor and software industry with the vision to make autonomy secure and ubiquitous by delivering the only lidar and associated software that meets the stringent performance, safety and economic requirements. Luminar quickly gained more than 50 industry partners, including 7 of the top 10 global automotive OEMs. Earlier this year, Luminar signed the first autonomous consumer vehicle production agreement with Volvo Cars, while also recently entering into Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest manufacturer of commercial vehicles, Daimler Truck AG, and Volvo Cars, a world leader in motor safety, to accelerate the launch of autonomous trucks and motorway vehicles. Founded in 2012, Luminar is a 350-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit and Munich. Visit www.luminartech.com for more information.

Forward-looking statements

Certain statements contained in this press release that are not historical facts may be construed as forward-looking statements for the purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. Foresight statements are about generally accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan , “” predict, “” potential, “” look, “” seek, “” future, “” outlook, “and similar expressions that predict or indicate future events or trends or that are not explanations of historical matters. These forward-looking statements include, but are not limited to, statements in the above citations regarding the scale of Luminar’s business scale, the faster expansion of its product and commercial roadmaps, and the creation of shareholder value. These statements are based on various assumptions, whether identified in this press release or not, and on the current expectations of Luminar’s management and are not a prediction of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could result in actual results differing materially from the forward-looking statements, including but not limited to Luminar’s limited operating history; Luminar’s inability to reduce and control the cost of the inputs Luminar relies on; Luminar’s ability to switch to an outsourced manufacturing business model; the success of Luminar’s customers in developing and commercializing products using Luminar’s solutions; Luminar’s ability to protect its intellectual property rights; whether Luminar’s lidar products are selected for inclusion in autonomous driving or ADAS systems by automakers or their suppliers; changes in staff and availability of qualified staff; the quantity and timing of future sales; whether the complexity of Luminar’s products results in unobtrusive defects and reliability issues, which could reduce market acceptance of its new products, damage its reputation and expose Luminar to product liability and other claims; strict government regulations subject to amendment, repeal or new interpretation and Luminar’s ability to comply with amended or new laws and regulations applicable to its business; general economic uncertainty and the effects of general economic conditions on Luminar’s industry in particular, including the level of demand and financial performance of the autonomous vehicle industry and the adoption of lidar on the market; the effects of the persistent coronavirus (COVID-19) pandemic or other infectious diseases, health epidemics, pandemics and natural disasters on Luminar’s business; and the other risks discussed under “Item 1A. Risk Factors” in the annual report on Form 10-K submitted by Luminar in April [15], 2021 and other documents that Luminar will submit to the SEC in the future. If one of these risks materializes or our assumptions turn out to be incorrect, the actual results may differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements, which apply only to the date made, and Luminar undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release. to give.

Check out the source version on businesswire.com: https://www.businesswire.com/news/home/20210421005756/af/

Contacts

Media
Nicole Phelan
[email protected]

Investors
Trey Campbell
[email protected]

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