Next-Generation Sensor Technology Provides Safety-Critical Benefits for Advanced Driving Automation and Autonomy

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Sep. 5, 2024-- Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced it will showcase its high performance Aeva 4D LiDAR™ technology for the commercial vehicle industry at IAA Transportation 2024, the world's leading platform for the future of logistics, commercial vehicles, and the transport sector.

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At IAA, Aeva will demonstrate its unique Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology, including Aeva Atlas™ and Aeries™ II sensors, which simultaneously detect the velocity of each point in addition to precise 3D position. Aeva will also display its latest innovations in custom silicon technology including the Aeva CoreVision™ next-generation Lidar-on-Chip module, and Aeva X1™, a powerful System-on-Chip (SoC) LiDAR processor. In addition, Aeva’s partner Torc Robotics, an independent subsidiary of Daimler Truck, will showcase its driving simulator for autonomous trucking.

Visitors to Aeva’s booth in Hall 12 Stand C48 at the Deutsche Messe exhibition center in Hanover will experience:

Atlas 4D LiDAR: Atlas is Aeva’s automotive-grade long-range and high-resolution 4D LiDAR for mass production applications. Visitors will be able to view the product, see live demonstrations, and learn more about its powerful capabilities designed to accelerate the automotive industry’s path to safer advanced driver assistance systems and autonomous driving at highway speeds.

Perception Technology Demos: See live point clouds from Atlas and Aeries II sensors showcasing Aeva’s unique ability to detect 3D position and velocity simultaneously. Advanced perception technology will also show scene segmentation and pedestrian detection capabilities.

Torc Robotics Driving Simulator: Aeva and Torc are collaborating to bring SAE Level 4 autonomous trucking to market, beginning with the Daimler Truck Freightliner Cascadia platform. At the event, attendees can test out a Torc driving simulator to experience an autonomous truck without ever getting on the road. Road footage shows the in-cab perspective with synchronized steering as the fully autonomous truck navigates complex driving scenarios, powered by data from the truck’s Aeva 4D LiDAR sensors.

Demo Drives: Ride-along demo drives with live 4D LiDAR sensor data demonstrates the unique benefits of Aeva’s technology, including simultaneous velocity and range detection, Aeva Ultra Resolution™ and ultra long-range sensing. Space is limited to select attendees. Please RSVP in person at Aeva's stand.

About Aeva Technologies, Inc. (NYSE: AEVA)

Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on X or LinkedIn.

Aeva, the Aeva logo, Aeva 4D LiDAR, Aeva Atlas, Aeries, Aeva Ultra Resolution, Aeva CoreVision, and Aeva X1 are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

Forward looking statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking statements in this press release include our beliefs regarding features and performance of our products and our production partnership with Daimler Truck and Torc Robotics. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the fact that Aeva is an early stage company with a history of operating losses and may never achieve profitability, (ii) Aeva’s limited operating history, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the ability for Aeva to have its products selected for inclusion in OEM products and (v) other material risks and other important factors that could affect our financial results. Please refer to our filings with the SEC, including our most recent Form 10-Q and Form 10-K. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Aeva does not give any assurance that it will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240905266022/en/

Media:
Michael Oldenburg
press@aeva.ai

Investors:
Andrew Fung
investors@aeva.ai

Source: Aeva Technologies, Inc.