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Aeva Technologies, Inc. (NYSE: AEVA) is pioneering the next generation of sensing and perception systems through its groundbreaking Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology. The company’s technology uniquely merges vision, depth, and motion sensors into a single product, providing superior range, resolution, and the ability to measure velocity for every pixel in any weather condition. Aeva’s proprietary 4D LiDAR-on-chip along with its software applications are poised to revolutionize applications from automated driving to consumer electronics, industrial automation, and security.
Aeva’s innovative technology has attracted significant attention and partnerships. In a landmark collaboration, Daimler Truck has selected Aeva's 4D LiDAR for its autonomous commercial vehicle program. This partnership marks Aeva’s first major automotive OEM production win and sets the stage for the integration of Aeva’s sensors into Daimler’s vehicles, facilitating SAE Level 4 autonomous capabilities. The multi-year collaboration, which includes Torc Robotics, aims for a production start by 2026 and full ramp-up by 2027.
The company operates across North America, EMEA, and Asia, deriving the majority of its revenue from North America. Financially, Aeva reported steady increases in revenue, with notable achievements in the first quarter of 2024, including a record number of sensor shipments and solid progress with multiple automotive RFQs, including a successful audit with a global top 10 passenger OEM. Additionally, the company maintains a robust cash position, supporting its continued innovation and market expansion.
Recently, Aeva has also expanded its presence in Europe by establishing an Automotive Center of Excellence (COE) in Germany to support growing momentum with automotive OEM customers. This initiative is led by industry expert Axel Gern, who brings extensive experience in advanced driver assistance systems and autonomous driving. The COE aims to intensify partnerships with automotive OEMs and accelerate the development of next-generation sensing technologies.
As Aeva continues to innovate and expand its market footprint, the company remains committed to transforming autonomy across various industries with its state-of-the-art FMCW technology. For more information, visit www.aeva.com.
Aeva (NASDAQ: AEVA), a next-generation sensing and perception systems company, has announced its upcoming fourth quarter and full year 2024 financial results release. The company will present its results after market close on Wednesday, March 19, 2025.
A conference call and webcast to discuss the results will be held the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors can access the webcast through the company's investor relations website at investors.aeva.com. The webcast archive will remain available for 12 months following the call.
Aeva, a leader in next-generation sensing and perception systems, has announced plans to transfer its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. The transfer is scheduled to take effect on January 28, 2025, with the company maintaining its ticker symbol 'AEVA' for common stock and changing its warrants symbol to 'AEVAW'. Following its first day of trading on Nasdaq, Aeva will be included in the Nasdaq Composite® Index. The company expects to benefit from Nasdaq's corporate services and branding support.
Aeva (NYSE: AEVA) has unveiled Atlas Ultra, its newest 4D LiDAR sensor designed for SAE Level 3 and 4 automated driving systems. The sensor offers up to three times the resolution of its predecessor Atlas, with configurable field of views up to 150 degrees and a maximum detection range of 500 meters.
Key features include a 35% slimmer design for better vehicle integration, on-sensor perception software, and immunity to interference from sunlight and other LiDAR signals. The system is powered by Aeva's custom silicon, including the CoreVision Lidar-on-Chip module and X1 System-on-Chip processor.
Atlas Ultra provides advanced capabilities including small object detection, dynamic object tracking, lane detection, and AI-based perception functions. The sensor meets automotive grade requirements for safety and cybersecurity. First samples will be available in late 2025 for select automotive OEMs and mobility customers.
Aeva (NYSE: AEVA) and Wideye, an AGC Group division, announced they will demonstrate the industry's first functional FMCW in-cabin 4D LiDAR solution for passenger vehicles at CES 2025. The integration combines Aeva Atlas™ 4D LiDAR sensor with Wideye's custom-formulated windshield glass, optimized for FMCW wavelength transmission.
The solution features high mounting position for enhanced long-range sensing while maintaining minimal impact on vehicle design and aerodynamics. Wideye's glass provides high infrared transparency with nearly zero absorption, ensuring optimal LiDAR performance. The behind-windshield placement offers protection from external elements and easy cleaning, while the compact housing maintains road visibility. The system's low power consumption and passive cooling support cabin comfort.
Aeva (NYSE: AEVA) and Torc, a Daimler Truck subsidiary, have expanded their collaboration to enhance autonomous truck technology development. The partnership focuses on advancing a new safety architecture for truck applications, enabling more intelligent decision-making in autonomous vehicles.
The expanded collaboration includes sharing of 4D LiDAR sensing data and a Freightliner Cascadia vehicle platform for long-range sensing applications. This builds upon their previous production agreement where Daimler Truck selected Aeva as their supplier of long and ultra-long range LiDAR for autonomous commercial vehicles.
The multi-year production agreement targets the commercialization of Daimler Truck autonomous trucks by 2027. The collaboration will involve joint work between global engineering teams from both companies, utilizing data captured from Aeva sensors on North America's leading trucking platform.
Aeva (NYSE: AEVA) has announced its participation in CES 2025 (January 7-10, Las Vegas), where it will showcase new automotive technologies and partnerships. The company will introduce a new long-range high-resolution 4D LiDAR sensor for automotive applications and demonstrate Torc's autonomous Freightliner Cascadia commercial vehicle equipped with Aeva technology.
Key highlights include the demonstration of their next-generation long-range sensor, a collaboration for in-cabin LiDAR integration in passenger vehicles, and the showcase of Torc's Virtual Driver technology with Aeva Atlas ultra-long range 4D LiDAR sensors. The event will feature fireside chats with industry leaders and experiential demo drives in Las Vegas showcasing live point cloud data.
Aeva has expanded its strategic collaboration with SICK, a leading supplier of sensor-based industrial solutions. The partnership focuses on incorporating Aeva's FMCW technology into SICK's high-accuracy contactless sensors for industrial applications. Initial deliveries are expected to begin in 1H 2025.
Aeva will provide its CoreVision™ sensing module and digital signal processing algorithms, enabling micron-accurate distance sensing and precise velocity detection. The technology works effectively across various surfaces, materials, and lighting conditions, targeting manufacturing automation and industrial processes.
Aeva (NYSE: AEVA) announced its Q3 2024 results, highlighting key business developments and financial metrics. The company secured a major production agreement with The Indoor Lab for deploying its 4D LiDAR at U.S. airports and other large venues. Aeva also made significant strides in the passenger vehicle sector, being selected by a major European OEM and advancing RFQs with a top 10 global OEM. Additionally, Torc Robotics and Daimler Truck are using Aeva 4D LiDAR for highway-speed autonomous operations. The company accelerated the launch of Aeva Atlas to meet growing demand. Financially, Aeva reported $134.8 million in cash and equivalents, $2.3 million in revenue, and GAAP operating loss of $37.9 million. Non-GAAP net loss per share improved to $0.55 from $0.63 in Q3 2023. Weighted average shares outstanding were 53.7 million.
The Indoor Lab has selected Aeva (NYSE: AEVA) as their LiDAR provider for critical infrastructure applications. The multi-year agreement marks Aeva's first industrial customer win for Atlas™ 4D LiDAR sensors, with initial deployments planned at JFK International Airport's New Terminal One and San Francisco International Airport. The sensors will be integrated into The Indoor Lab's LiDAR Overwatch Perception Platform™ to enhance safety, security, and operational efficiency. The technology was chosen for its instant velocity detection, interference immunity, and compact design. Future implementations will include mass transit railways, agriculture, theme parks, and smart city infrastructure across the U.S.
Aeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, has announced its schedule for reporting third quarter 2024 results. The company will release its financial results after the market closes on Wednesday, November 6, 2024. Following the release, Aeva will host a conference call and webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the Q3 2024 results.
Investors and interested parties can join the webcast through the company's investor relations website at investors.aeva.com. An archive of the webcast will be available on the same website for 12 months following the call, providing extended access to the discussion and analysis of Aeva's quarterly performance.
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