Valens Semiconductor Ltd 6-K, filed Jun 9, 2022
Valens Semiconductor Ltd. (VLN)
About this 6-K
Valens Semiconductor Ltd filed this 6-K on June 9, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2022
Commission File Number: 001-40842
VALENS SEMICONDUCTOR LTD.
(Exact name of registrant as specified in its charter)
8 Hanagar St. POB 7152
Hod Hasharon 4501309
Israel
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | ☒ | Form 40-F | ☐ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Yes | ☐ | No | ☒ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Yes | ☐ | No | ☒ | |
EXPLANATORY NOTE
The information in the attached Exhibits 99.1 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth herein or as shall be expressly set forth by specific reference in such a filing.
TABLE OF CONTENTS
| ITEM | |
| 99.1 | Press Release dated June 9, 2022 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| VALENS SEMICONDUCTOR LTD. | |||
| By: | /s/ Dror Heldenberg | ||
| Name: | Dror Heldenberg | ||
| Title: | Chief Financial Officer | ||
Date: June 9, 2022
Exhibit 99.1
Valens Semiconductor’s Stello Chipsets to Power Crestron’s Next-Generation Product Lines
HOD HASHARON, Israel, June 9, 2022 - Valens Semiconductor (NYSE: VLN), a premier provider of high-speed connectivity solutions for the audio-video and automotive markets, today announced that a full suite of more than 24 Professional Audio-Video (ProAV) products from Crestron Electronics, the global leader in workplace and smart home technology, are powered by the Valens Stello family. These products support a new era of technological innovation for Audio-Video, bringing to the industry a truly uncompressed 4K60@4:4:4 video distribution solution.
Crestron has already introduced to market multiple Valens Stello-based products, including the popular 4K HD-PS presentation switchers and end points from its DM Lite® product lines, which have been met with strong market demand. Crestron’s products are on display at the company’s booth (#W603) at InfoComm (June 8-10, 2022).
The Crestron products incorporate chipsets from the Valens Stello family, which implements the latest generation of the HDBaseT standard, HDBaseT 3.0. The Valens Stello chipsets offer unparalleled technological capabilities and are the only ones on the market that can converge and extend fully uncompressed HDMI 2.0 4K60@4:4:4 Video, 1Gbps Ethernet, Hi-Speed USB, Controls, and Power, over a single Category cable for distances of up to 100 meters (328ft).
“It is a testament to the confidence we have in our long-lasting relationship with Valens Semiconductor that we chose to base such a robust product line on their technology,” said Dan Brady, Chief Operating Officer at Crestron Electronics. “The Valens Stello chipsets allow us to bring the long-distance distribution of truly uncompressed HDMI 2.0 to the market. We are confident that our Valens Stello-based DM Lite products answer a clear market need, from enterprise to education and beyond.”
“Crestron sets the tone when it comes to innovation in the ProAV world,” said Gabi Shriki, SVP and Head of Audio-Video at Valens Semiconductor. “There has already been strong adoption of the Valens Stello, our latest and most feature-rich Audio-Video chipset, but Crestron’s products will certainly open the floodgates for greater market adoption of our state-of-the-art chipsets.”
About Valens Semiconductor
Valens Semiconductor pushes the boundaries of connectivity by enabling long-reach, high-speed video and data transmission for the Audio-Video and Automotive industries. Valens’ HDBaseT® technology is the leading standard in the Audio-Video market with tens of millions of Valens’ chipsets integrated into thousands of products in a wide range of applications. Valens’ Automotive chipsets are deployed in systems manufactured by leading customers and are on the road in vehicles around the world. Valens is a key enabler of the evolution of ADAS and autonomous driving and its advanced technology is the basis for the new industry standard for high-speed in-vehicle connectivity.
For more information: www.valens.com
Forward-Looking Statements
Valens may, in this communication, make certain statements that are not historical facts and relate to analysis or other information which are based on forecasts or future or results. Examples of such forward-looking statements include, but are not limited to, statements regarding future prospects, product development and business strategies. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-
looking statements but are not the exclusive means for identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks set forth under “Risk Factors” in our Registration Statement on Form F-1 and our other SEC filings. Valens cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Valens does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Media Contact:
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
Yoni.dayan@valens.com
Valens Investor Contacts:
Daphna Golden
Vice President Investor Relations
Valens Semiconductor Ltd.
investors@valens.com
Moriah Shilton
Financial Profiles, Inc.
US: +1 310-622-8230
ValensIR@finprofiles.com
SOURCE Valens Semiconductor