Aeva’s Unique FMCW Technology Advantages Including Instant Velocity Data, Long Range and Immunity to Interference Play Key Roles in Selection for Intrusion Detection Sensor System

MOUNTAIN VIEW, Calif., July 23, 2024 – Aeva^® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that a top national defense security organization has chosen Aeva’s 4D LiDAR technology to help protect critical energy infrastructure sites across the United States. Aeva’s sensors are expected to be the primary detection sensor to protect sensitive locations in various facilities from intrusion, such as water entries and exits and at perimeter fences, with first deliveries expected later this year.

Aeva’s 4D LiDAR sensors were selected because of the unique benefits associated with its FMCW-based technology including:

• Instant velocity data for every point – allowing for quick detection of moving objects, whether on the ground or on the surface of water.
• Immunity to interference – critical for ensuring reliable performance when the sun is in the field of view of the sensor, such as during sunrise and sunset.
• Ultra long range – allowing for the early detection of potential intruders at a range of hundreds of meters away from the sensor.
• High-density point cloud – ensuring that the sensor can detect small objects with ease.
• Improved immunity to detection – making the system better protected from would-be intruders using technologies like night vision goggles.

“After evaluating multiple sensing technologies, including 3D time-of-flight LiDAR, this top national defense security organization selected Aeva 4D LiDAR because of our pioneering work in FMCW-based perception technology,” said James Byun, Managing Director of Business Development at Aeva. “This win further validates the growing applications for and unique benefits of Aeva’s technology for some of the most demanding and high-stakes physical security applications, which complement our existing automotive and industrial programs, and we are pleased that our technology is trusted to help protect some of the most sensitive critical infrastructure sites across the country.”

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 our product features, performance and our relationship with a top national defense security organization. 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.

 

Contacts
Media:
Michael Oldenburg
press@aeva.ai

Investors:
Andrew Fung
investors@aeva.ai