Benzinga | Jun 15, 2021 01:12PM EDT

Luminar Rolls Out Blade Autonomous Technology For Cars, Trucks, Robo-taxis

* Luminar Technologies Inc (NASDAQ:LAZR) has introduced Blade for the future of design and integration of autonomous technology across robotaxis, trucking, and consumer cars at its inaugural Studio Day in New York City.

* Luminar also showcased the first consumer vehicle fully integrated with Luminar's Iris lidar, which is on track for series production with Luminar's OEM partners, starting in late 2022.

* Luminar is kicking off a global customer roadshow this week to reveal Iris's performance, abilities, and design integration.

* Luminar is transitioning from lidar to automotive autonomy and safety.

* Luminar aims to build the technology foundation for autonomous vehicles starting with consumer vehicles and moving across verticals, including trucks and robotaxis, CEO Austin Russell said.

* Price action: LAZR shares traded lower by 1.08% at $23.71 on the last check Tuesday.