Consumption upgrade creates opportunities

A1 China is a major opportunity for a company like Valens. Valens is focused on two major markets - the professional audio-video sector and the automotive industry. China is the highest growing automotive market in the world, with promising electric vehicle startups and established companies focusing on the future of connected and autonomous cars. Valens' in-vehicle connectivity technology is an optimized solution for this market, and we are looking to increase our presence in China. We bring considerable benefits for the leading original equipment manufacturers and Tier-1 suppliers in China, simplifying the design cycle and reducing costs for our customers.

A2 Valens has a local presence in China, with our main office in Shenzhen. Over the past couple of years, the Valens team has grown, and we hope to keep growing as more opportunities come our way, mainly in the automotive space, where Valens' disruptive technology can solve problems that no other technologies can.

A3 Valens provides connectivity solutions for both the automotive and the audio-video market. Better connectivity means better user experience, whether it is in the car, home, office, or school. By providing high-speed connectivity over a simplified infrastructure, Valens enables a lower cost, high-quality experience for all.

A4 We believe China is committed to growing and prosperity in the world economy. This dedication toward a successful economy is an important element for any company expecting to do business with them.

We will continue to invest in the country and advance our business. The Chinese government has invested considerable money and efforts into the domestic EV OEMs, and is clearly committed to this market. Valens puts a lot of effort toward cooperation with these OEMs and we are looking forward to continuing this activity.

A5 We have seen some uncertainties over the past few months, but have worked with our customers and partners to minimize any major issues. As a company based in Israel, we see less of an issue here, and it could even turn out to be an opportunity for us.

A6 As a private company, we are open to learning about any new opportunities for growth. We are currently investigating opportunities with our local office and potential partners in China.

A7 We recognize the potential of the Chinese market, and our goal is to grow our business in the country. We continue to look for potential customers, partners and organizations that may help us succeed in such a big economy. Our technology is optimized to many different industries, and we believe we can bring considerable benefits for the Chinese people. Chinese companies and particularly EV startups have less legacy know-how and preference for well-known solutions, and therefore are open to explore innovative advanced technologies and this is a significant opportunity for Valens.