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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 (NYSE: AEVA) and Intempora have announced the integration of Aeva's Aeries™ 4D LiDAR™ sensors into Intempora's RTMaps platform. This collaboration aims to accelerate the development of next-generation automated driving solutions. Aeva's 4D LiDAR technology, characterized by key features like Instant Velocity Detection, Ultra Long Range Performance, and Semantic Segmentation, enhances the capabilities of automated vehicles. This integration promises improved performance for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles.
Aeva (NYSE: AEVA) announced the addition of three new members to its Board of Directors, effective November 11, 2022. The new members include Erin Polek, Stephen Zadesky, and Christopher Eberle, who bring extensive experience in finance, product scaling, and technology. Erin Polek is notable for her leadership at Qualcomm, Stephen Zadesky has a strong background from Apple, and Christopher Eberle has expertise in semiconductor investments. This diverse group aims to enhance Aeva's growth and the commercialization of its 4D LiDAR-on-chip technology.
Aeva (NYSE: AEVA) announced its Aeries™ 4D LiDAR™ sensors are now supported on the NVIDIA DRIVE Sim platform, enhancing autonomous driving safety. These sensors uniquely provide instant velocity detection alongside 3D position data, operating at ranges up to 500 meters. With Ultra Resolution™ and advanced road hazard detection, Aeva aims to improve the sensing capabilities for autonomous vehicles. The integration allows developers to better simulate and validate software, expediting the path to market for next-gen vehicles.
Aeva (NYSE: AEVA) announced its participation at the IAA Transportation conference in Hanover, Germany, scheduled from September 20-25, 2022. The company will showcase its innovative 4D LiDAR™ technology, specifically the Aeries™ II sensor, which features advanced Frequency Modulated Continuous Wave (FMCW) technology for improved sensing capabilities. This compact sensor is 75% smaller than its predecessor, offering long-range detection and high-resolution imaging. Attendees can experience live demonstrations and demo drives to witness the technology's benefits firsthand.
Aeva (NYSE: AEVA) announced that it will showcase its 4D LiDAR™ technology at the ADAS & Autonomous Vehicle Technology Expo in San Jose on September 7-8, 2022. The company plans to demonstrate its Aeries™ II sensor, which is 75% smaller than its predecessor and incorporates 4D LiDAR-on-chip technology. Aeva's innovations allow for instant velocity detection and high-resolution imaging, enhancing automotive applications like Advanced Driver Assistance Systems (ADAS). Attendees can experience live demos and drive simulations at the expo.
Aeva (NYSE: AEVA), a leader in advanced sensing technology, has announced participation in several upcoming investor events to showcase its innovative 4D LiDAR systems. Events include:
- Jefferies Summit in Chicago on August 30, 2022
- Evercore ISI Conference in New York on September 7, 2022, at 12:00 PM ET
- Morgan Stanley Conference in Dana Point, CA on September 14, 2022
- UBS Electric Mobility Virtual Conference on October 3, 2022
Investors can register through their representatives.
Aeva (NYSE: AEVA) reported its Q2 2022 results, revealing a revenue of $1.5 million, a decline from $2.6 million in Q2 2021. The company experienced a GAAP operating loss of $35.7 million, up from $24.7 million a year prior. Cash and marketable securities stood at $378.9 million as of June 30, 2022. Aeva has successfully shipped its first Aeries II sensors and entered a strategic collaboration with SICK AG to expand its 4D LiDAR technology across industrial automation applications. CEO Soroush Salehian emphasized the company's commitment to meeting demand across multiple sectors.
Aeva (NYSE: AEVA) has entered a strategic multi-year collaboration with SICK AG, aiming to implement Aeva's FMCW 4D LiDAR technology in various industrial applications. This partnership is expected to enhance high-performance sensing solutions, leveraging Aeva’s advanced technology for reliable long-range sensing. Aeva's LiDAR offers advantages such as immediate velocity detection and resilience against reflections, improving operational efficiency. Aeva’s CEO, Soroush Salehian, emphasizes this collaboration as a significant advancement in industrial sensing.
Aeva (NYSE: AEVA) will release its second quarter 2022 results on August 3, 2022, after market close. Following the release, Aeva will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Interested parties can join via webcast at investors.aeva.com. Aeva specializes in advanced sensing and perception systems, with a focus on 4D LiDAR technology that enhances decision-making for autonomous vehicles and robots.
Aeva (NYSE: AEVA) announced a significant milestone with the mass production of its Aeries™ II 4D LiDAR™ sensors. The new sensors, produced and shipped to strategic customers, utilize innovative LiDAR-on-chip technology, eliminating fiber optics for compactness and reliability. They offer enhanced performance metrics including four million raw points per second and a detection range of up to 500 meters, meeting the high standards of automotive OEMs. This advancement positions Aeva for growth across various automation sectors.
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