TIME Magazine Recognizes Aeva Aeries II 4D LiDAR as a Best Invention of 2022

Rhea-AI Summary

Aeva (NYSE: AEVA) announced that its Aeries II 4D LiDAR sensor has been recognized as one of TIME’s Best Inventions of 2022. This accolade highlights the sensor's advanced capabilities, including instant velocity detection, long-range performance, and ultra-resolution imaging. The Aeries II utilizes cutting-edge Frequency Modulated Continuous Wave (FMCW) technology and integrates LiDAR components onto a silicon photonics chip, facilitating automated manufacturing and cost reduction. Aeva aims to transform various sectors such as automotive, industrial automation, and space exploration with its innovative technologies.

Positive

• Aeries II named one of TIME's Best Inventions of 2022, enhancing brand recognition.
• Features advanced capabilities like instant velocity detection and ultra-resolution imaging.
• LiDAR-on-chip technology reduces costs and enables scalable manufacturing.

Negative

• None.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that its Aeries™ II 4D LiDAR™ sensor has been named one of TIME’s Best Inventions of 2022.

(Graphic: Business Wire)

“We are thrilled that TIME, one of the most prestigious magazines globally, and its editors have recognized Aeries II as one of the leading inventions of 2022,” said Mina Rezk, Co-Founder and CTO at Aeva. “As vehicles become increasingly automated, it is clear that next generation sensor technologies like 4D LiDAR will play a key role in making them safer and more reliable. We believe Aeva’s sensing and perception technology also has the potential to enable meaningful changes across other industries including industrial automation, space exploration and beyond.”

Aeva’s Aeries II 4D LiDAR sensor delivers breakthrough sensing and perception performance using Frequency Modulated Continuous Wave (FMCW) technology to directly detect the instant velocity of each point, in addition to precise 3D position at long range. Its capabilities go beyond legacy time-of-flight 3D LiDAR sensors to enable the next generation of driver assistance and autonomous vehicle capabilities, including:

• Instant Velocity Detection: Directly measure velocity for each point of detection, in addition to 3D position, to perceive where things are, and precisely how fast they are moving.
• Long Range Performance: Detect, classify and track objects such as vehicles, cyclists and pedestrians at long distances.
• Ultra Resolution™: A real-time camera-level image providing up to 20 times the resolution of legacy time-of-flight LiDAR sensors.
• Road Hazard Detection: Detect small objects on the roadway with greater confidence at up to twice the distance of legacy time-of-flight LiDAR sensors.
• 4D Localization™: Per-point velocity data enables real-time vehicle motion estimation with six degrees of freedom to enable accurate vehicle positioning and navigation without the need for additional sensors, like IMU or GPS.

Aeries II is the first sensor on the market to integrate Aeva’s unique LiDAR-on-chip technology which integrates all key sensor components including transmitters, receivers and optics onto silicon photonics in a compact module. This design uses no fiber optics, resulting in a highly automated manufacturing process that allows Aeva to scale deployment of its products and lower costs to meet the needs of automotive OEMs and other volume customers.

The list of TIME’s “groundbreaking” inventions is based on multiple factors including originality, creativity, efficacy, ambition and impact on the world. These inventions, says TIME, are changing how we live, work, play and think about what’s possible.

To learn more about Aeva’s Aeries II sensor and its groundbreaking 4D LiDAR technology, please visit: aeva.com/aeries-ii.

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 Twitter or LinkedIn.

Aeva, the Aeva logo, 4D LiDAR, Aeries, Ultra Resolution, 4D Perception, and 4D Localization 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. These 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 the benefits and capabilities of our technology and the recognition received from TIME magazine. For a further discussion of the material risks and other important factors that could affect our financial results, please refer to our filings with the SEC, including our Form 10-Q for the quarter ended September 30, 2022, which are hereby incorporated by reference. These filings identify and address important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements contained in this press release. 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/20221110005499/en/

Media:

Michael Oldenburg

press@aeva.ai

Investors:

Andrew Fung

investors@aeva.ai

Source: Aeva Technologies, Inc.

FAQ

What is Aeva's Aeries II sensor recognized for?

Aeva's Aeries II sensor has been named one of TIME’s Best Inventions of 2022.

What technology does the Aeries II sensor utilize?

The Aeries II sensor uses Frequency Modulated Continuous Wave (FMCW) technology for advanced sensing capabilities.

How does the Aeries II sensor benefit autonomous vehicles?

It provides instant velocity detection and long-range object tracking, enhancing vehicle safety and reliability.

What industries can benefit from Aeva's technology?

Aeva’s technology has potential applications in automotive, industrial automation, and space exploration.

How does Aeva's manufacturing process with Aeries II differ?

The LiDAR-on-chip technology enables a highly automated manufacturing process, reducing costs significantly.