Forgent Power Solutions Inc. Class A Common Stock (9FS)

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https://www.forgentpower.com

Luminar Technologies, Inc. is an American technology company specializing in the development of advanced lidar and machine perception technologies primarily for autonomous vehicles. Founded in 2012, Luminar focuses on creating high-resolution, long-range lidar sensors that enable self-driving cars to detect objects with enhanced safety and precision, offering up to seven seconds of reaction time at highway speeds. Their products, including the Hydra and Iris sensor lines, are notable for using a unique 1,550 nanometer wavelength and integrated processing, providing exceptional detection range and resolution critical for Level 3 and 4 autonomy. Luminar has established partnerships with major automotive manufacturers such as Volvo, Audi, and Mercedes-Benz, and has expanded into commercial trucks and aviation sectors. The company is vertically integrated, manufacturing key lidar components in-house, including lasers, photodiodes, and ASICs, which supports innovation and scalability. Luminar plays a significant role in advancing autonomous vehicle technology by supplying sensors and autonomous driving software platforms, contributing to the evolution of highway autonomy and safety systems worldwide.