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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) announced participation in several upcoming investor events. Key dates include the NYSE Healthcare and Technology Access Day on June 8, 2022 (Virtual), CITIC Securities Autonomous Driving Online Summit on June 9, 2022 (Virtual), and Deutsche Bank Global Auto Industry Conference on June 15-16, 2022 (New York, NY). The Credit Suisse Mobility Forum is set for June 21, 2022 (Virtual). Aeva's groundbreaking technology focuses on transforming autonomy across various sectors with its advanced LiDAR systems that provide instant velocity detection and 3D positioning.
Aeva (NYSE: AEVA) announced its Q1 2022 results, highlighting progress in Aeries II deployment, with deliveries expected in late Q2. The company reported revenue of $1.1 million, a significant increase from $0.3 million in Q1 2021. However, GAAP operating loss rose to $34.1 million from $20.1 million in the previous year. Aeva's cash reserves stood at $414.5 million, supporting its growth initiatives, including a new LiDAR-on-chip platform and expansion into the Asia Pacific region. The company continues to advance its FMCW 4D LiDAR technology across various applications, including automotive and NASA projects.
Aeva, a leader in sensing and perception systems, has appointed Barrs Lang as Vice President of Global Sales to enhance its go-to-market strategy for 4D LiDAR sensors. This strategic hire comes alongside the opening of a new office in China, aimed at expanding Aeva's presence in the Asia Pacific market. Lang brings over 15 years of industry experience, previously serving as VP of Sales at Ouster. This expansion reflects Aeva’s commitment to meet the growing demand for its innovative sensing technologies.
Aeva (NYSE: AEVA) has been selected by NASA to provide its 4D LiDAR technology for the Kinematic Navigation and Cartography Knapsack (KNaCK) Instrument project. This LiDAR-based system will aid lunar exploration by enabling high-resolution mapping and precise navigation in GPS-denied environments as part of NASA's Artemis program. Aeva’s technology can operate in low solar incidence areas on the Moon, making it suitable for use during both day and night. This collaboration underscores Aeva's role in advancing lunar and planetary exploration.
Aeva (NYSE: AEVA) will report its first quarter 2022 results on May 4, 2022, after market close. A conference call and webcast will be held at 2:00 p.m. Pacific Time to discuss the results. Aeva is recognized for its innovative 4D LiDAR technology, which combines key components onto a silicon photonics chip, enhancing automated driving and robotics applications by allowing these devices to detect both 3D position and instant velocity. An archive of the webcast will be available for 12 months following the call.
Aeva (NYSE: AEVA) announced its Aeries 4D LiDAR sensors are now supported on the NVIDIA DRIVE platform, enhancing autonomous vehicle capabilities. These sensors detect 3D position and instant velocity up to 500 meters, adding critical safety elements to autonomous driving. Aeva's technology, including Ultra Resolution and 4D Localization, surpasses legacy systems, providing greater range and reliability. The collaboration aims to support the development of Level 3 and Level 4 autonomous vehicles, emphasizing the significance of advanced perception systems.
Aeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, has announced its participation in several upcoming investor events. Key dates include the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2022, at 4:45 PM PT in San Francisco, and the 34th Annual Roth Conference on March 14, 2022, at 10:00 AM PT in Dana Point, CA. Additionally, Aeva will attend the Oppenheimer Transportation Technology Bus Tour on March 22, 2022, and the Credit Suisse Hidden Gems Conference on April 7, 2022, in New York. Institutional investors can register via their sales representatives.
Aeva (NYSE: AEVA) announced its Q4 and full-year 2021 results, highlighting the launch of Aeries II™, the world's first 4D LiDAR™ with camera-level resolution. The company achieved revenue of $2.9 million in Q4 2021, a significant increase from $0.7 million in Q4 2020, and $9.3 million for the full year, compared to $4.8 million in 2020. However, the GAAP operating loss rose to $31.9 million in Q4 2021, up from $9.0 million in Q4 2020. Cash reserves stood at $445 million as of December 31, 2021, supporting future growth and commercialization efforts.
Aeva (NYSE: AEVA) will announce its Q4 and full-year 2021 results on February 23, 2022, after market close. A conference call is scheduled for the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Aeva specializes in advanced sensing and perception systems with a focus on industries like automated driving, robotics, and consumer electronics. Their innovative 4D LiDAR technology enhances real-time perception and decision-making capabilities for autonomous devices.
Aeva (NYSE: AEVA) announced the launch of its next-generation Aeries™ II 4D LiDAR sensor designed for automotive and industrial applications. The sensor detects instantaneous velocity in addition to 3D positioning, powered by Aeva’s FMCW technology. Key features include Ultra Resolution imaging with up to 1000 lines per frame and LiDAR-on-Chip technology, significantly enhancing sensor integration and performance.
Aeries II, available mid-2022, aims to improve safety and automation across various industries.
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