Embark Trucks Complements the Industry – GuruFocus.com

SAN FRANCISCO, May 09, 2022 (GLOBE NEWSWIRE) — Board Trucks, Inc. (EMBK, “Embark”), a leading developer of autonomous technologies for the trucking industry, today announced successful on-road testing in snowy conditions in Montana. The tests, which embark announced earlier this year, was conducted to demonstrate the performance and safety of Embark’s patent-pending Vision Map Fusion (VMF) technology in geographic areas subject to severe winter conditions. Test results demonstrate that in approximately 90% of trips in the snowy conditions under study – which could cause delays for HD map-based autonomous driving systems – VMF should operate successfully, or pause and resume the travel within delivery windows acceptable to shippers.

Beginning in February, the company’s testing in Montana used Embark-equipped trucks traveling a 60-mile round trip on public roads between Clinton and Missoula, Montana, in varying winter weather conditions. In addition to on-road testing, Embark has developed a comprehensive weather model using over 8 billion historical weather data points – dating back over 10 years on all major US roads – to analyze the impact of snow on routes across the United States.

Weather testing and analysis shows significant technical and commercial promise: Embark’s testing and performance review indicated that the VMF operated within tolerances for safe operation in snowfall rates up to a sixth of an inch per hour and with 1 inch of snow on the road for 3 years. hours, conditions that cover the vast majority of snowy weather according to Embark’s analysis. The favorable test results represent a significant milestone in the development of autonomous trucking technology, as well as a major achievement for Embark made possible by VMF. Embark plans to continue studying the impact of snow conditions on other elements of the Embark Pilot.

By combining these performance results with historical weather patterns and typical shipper delivery times, Embark was able to estimate expected delivery performance. On the northern routes – those that start or end outside the Sunbelt – historical data shows that around 1 in 5 tracks will experience snowy conditions. Embark estimates that its VMF system will operate within delivery windows acceptable to shippers approximately 90% of the time on such routes. Embark will seek to refine these initial findings over time through additional modeling and partner information to account for associated considerations such as ice formation, sleet and high winds.

Embark’s proprietary, patent-pending VMF technology has enabled this advancement by going beyond lidar-centric mapping and tracking solutions. By relying heavily on the camera-based detection modality in snowy conditions, while understanding and accounting for degraded states of lidar returns and map conditions, VMF is able to fill in the gaps and mitigate the uncertainty created by snow accumulation on the roadway, unlocking critical shipping lanes and increasing availability beyond the Sunbelt where inclement weather can impede operations.

Embark plans to expand its industry-leading self-driving capabilities and continue its national expansion north after Sunbelt’s planned Phase I rollout in 2024. Throughout this testing process, the company has worked with a number of partners to better understand the impacts of bad weather on trucks. availability and dispatch, gaining a deep appreciation for the harsh driving conditions truck drivers routinely face during American winters.

“When we set out to develop our self-driving truck solutions, we envisioned creating a system that could operate safely across America in all kinds of road conditions, expanding our reach to serve areas of the country that could be limited by snow or bad weather. weather,” said Alex Rodrigues, CEO of Embark. “As we continue to focus on our existing time to market, validating our VMF technology for use in northern states and regions that regularly experience seasonal snowy weather will prepare us for long-term deployments and growth. , and will help us provide the most flexible solution possible for our carrier partners.

About Embark Trucks, Inc.

Embark Trucks, Inc., a wholly-owned subsidiary of Nasdaq-listed Embark Technology, Inc. (EMBK), is an autonomous vehicle company that builds the software powering autonomous trucks, focused on improving safety , efficiency and sustainability of the nearly $730 billion a year trucking market. Based in San Francisco, Calif., since its inception in 2016, Embark is America’s longest running self-driving truck program and partners with some of the nation’s largest shippers and carriers.

Embark’s mission is to realize a world where consumers pay less for the things they need, drivers stay close to the homes they love, and roads are safer for the people we love. To learn more about Embark, visit embarktrucks.com.

Forward-looking statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Embark’s actual results may differ from its expectations, estimates and projections and, therefore, , you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “anticipate”, “intend”, “plan”, “may”, “will” , “could”, “should”, “believes”, “predicts”, “potential”, “continues” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, Embark’s expectations regarding future performance. These forward-looking statements also involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Factors that could cause such differences include, but are not limited to: (1) the ability to expand into new markets; (2) changes in applicable laws or regulations; (3) the possibility that Embark will be affected by other economic, business and/or competitive factors; (4) the impact of the global COVID-19 pandemic; and (5) other risks and uncertainties separately provided to you and disclosed from time to time described in filings and potential filings by Embark with the United States Securities and Exchange Commission (the “SEC”), including those discussed in the registration statement on Form S-4 and definitive proxy statement/prospectus and other documents filed with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Embark cautions that the above list of factors is not exhaustive and undue reliance should not be placed on forward-looking statements, including projections, which speak only as of the date they are made. Embark undertakes no obligation and does not accept any obligation to post updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Media Contact
Micha Rindisbacher
[email protected]

Investor Relations
Bill Ong
[email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/39aeddcc-edb1-4d02-9100-f0125391b684

https://www.globenewswire.com/NewsRoom/AttachmentNg/b7b9b544-f6f7-4eab-9698-4403253f964e

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