Plus Starts Development with Teledyne FLIR to Test Thermal Cameras for Autonomous Trucks

Cupertino, CA ‒ September 8, 2021 ‒ Plus (formerly Plus.ai), a global provider of self-driving truck technology that recently disclosed its proposed business combination with Hennessy Capital Investment Corp. V (NASDAQ: HCIC), announced today that it will collaborate with Teledyne FLIR, LLC on a development project to explore the addition of thermal cameras to the sensor stack used with Plus’s Level 4 autonomous driving technology.

Plus takes a multi-modal sensor approach and currently uses lidar, cameras, and radar to provide trucks powered by its autonomous driving technology with a 360-degree view around the vehicle. While the current system offers improved safety compared to a traditional truck, thermal cameras add another layer of perception that is particularly useful for heavy trucks that traverse the country in low-visibility and high-contrast conditions. These can include: nighttime, shadows, dusk, or sunrise; direct sun or headlight glare; and challenging scenarios when fog or smoke is present due to environmental conditions. Depending on configuration, thermal cameras can detect and classify pedestrians at distances of up to 250 meters (>820 feet), which is much farther than the reach of typical headlights. They can also provide another layer of perception around the vehicle, particularly helpful when the vehicle is backing up or when being overtaken by an ensuing vehicle.

“You can never be too safe when it comes to equipment you put on a heavy truck. Combining thermal cameras with our other sensors would bring an additional margin of safety to our system. Our research pilot will not only assess the technical performance but also consider cost and scale requirements in order to potentially add this to our product roadmap,” said Tim Daly, Chief Architect of Plus.

“We are excited to be working with the team at Plus as they explore the integration of thermal cameras into their current sensor suite, creating even safer autonomous commercial vehicles,” said Paul Clayton, General Manager of Components, Industrial Technologies Segment at Teledyne FLIR. “By combining thermal imaging with visible light cameras, lidar, and radar, Plus can create more comprehensive and redundant systems, allowing these vehicles to more readily detect and classify objects and humans on the road to help save lives.”

-###-

About Plus

Plus is a global leader in autonomous driving technology for long-haul trucking, headquartered in Silicon Valley and founded in 2016 by serial entrepreneurs and industry veterans who have extensive experience in high tech and artificial intelligence. Plus is developing low-cost, high-performance full-stack Level 4 autonomous driving technology to make long-haul trucking safer, more efficient, and more sustainable. Plus is also collaborating with leading truck manufacturers, fleets, and ecosystem partners to drive the development of decarbonization transportation solutions including autonomous trucks powered by natural gas. For more information, please visit www.plus.ai or follow us on LinkedIn or YouTube.

On May 7, 2021, PlusAI Corp., Plus Inc. (“New Plus”) and Hennessy Capital Investment Corp. V (NASDAQ: HCIC) (“Hennessy Capital”) entered into a definitive business combination agreement. Upon the closing of the proposed business combination, Plus will be a publicly traded company, and its common stock is expected to trade on the NYSE under the ticker symbol “PLAV”. The proposed business combination has been unanimously approved by the Boards of Directors of both Plus and Hennessy Capital. The closing of the proposed business combination is subject to approval by the stockholders of both Plus and Hennessy Capital and the satisfaction of the necessary regulatory approvals and customary closing conditions.

About Teledyne FLIR

Teledyne FLIR, a Teledyne Technologies company, is a world leader in intelligent sensing solutions for defense and industrial applications with approximately 4,000 employees worldwide. Founded in 1978, the company creates advanced technologies to help professionals make better, faster decisions that save lives and livelihoods. For more information, please visit www.teledyneflir.com or follow @flir.

About Teledyne Technologies

Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com.