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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL
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Company Profile
Embark Technology, Inc. is an autonomous vehicle company. The Company develops autonomous driving software for the truck freight industry and offers a carefully constructed business model that is designed to provide the industry with a path to adopting autonomous driving. The Company’s products include Embark Driver, Embark Universal Interface, and Embark Guardian. The Embark Driver is an automated driving system (ADS) software, intended to be licensed as a subscription, safely and reliably pilots a carrier-owned or haulage contractor-owned, Embark-equipped original equipment manufacturer (OEM) truck between designated highway adjacent transfer points. Embark Universal Interface is a standardized package of self-driving hardware components. Embark Guardian is a fleet management solution designed to be used by fleet support personnel of Embark and Embark’s customers to ensure the safety and productivity of an Embark Driver-equipped fleet.
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