Aeva Introduces Eve 1 Product Line of High-Precision Sensors for Growing Industrial Automation Market
Summary
Combined with Aeva’s proprietary precision sensing software, Eve 1D provides a scalable, software-defined product free from the limitations of industry-standard laser triangulation technology in performance, cost and form-factor. These advantages allow for faster, precise inspection, giving customers high levels of throughput, improved quality control, and cost efficiency in their manufacturing processes. 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. 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. 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, (v) the early stage of the market, (vi) manufacturing issues, (vii) customer acceptance of this technology, and (viii) other material risks and other important factors that could affect our financial results.