Micro-Epsilon to Integrate Aeva’s Eve High-Precision Technology in Next-Generation Sensing Solutions for Factory Automation

Aeva’s Technology to Enable New Levels of Performance and Versatility

Supply Agreement with Multi-Thousand Sensor Order Signed

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (Nasdaq: AEVA), a leader in next-generation sensing and perception systems, today announced that Micro-Epsilon, a global leader in high-precision sensing and measurement solutions, plans to integrate Aeva’s Eve™ high-precision technology into its next-generation sensing solutions.

Trusted by major companies across the world, Micro-Epsilon ships more than 100,000 precision sensors annually for factory automation and quality control applications such as distance and thickness measurement in a wide range of industries from automotive and robotics to electronics and semiconductors.

Micro-Epsilon is leveraging Aeva’s FMCW-based technology to bring co-axial measurement at best-in-class speed and accuracy regardless of materials, stand-off distance and lighting, which can enable fast, reliable and precise measurements to improve throughput, quality control and costs in manufacturing.

“Aeva’s technology sets a new standard for accuracy, speed and versatility in high-precision sensing for factory automation,” said Dr. Thomas Wisspeintner, CEO at Micro-Epsilon. “By bringing Eve’s capabilities into Micro-Epsilon’s product portfolio, we will enable our customers to automate and control processes more reliably and efficiently across a broader range of applications.”

“Our technology delivers the precision and speeds required in factory automation where current solutions are challenged,” said Soroush Salehian, Co-founder and CEO at Aeva. “Micro-Epsilon’s selection of Aeva further demonstrates our commercial momentum with leaders in industrial sensing.”

“As an established leader in precision sensing, Micro-Epsilon’s trust in Aeva is strong validation of the scalability and versatility of our technology,” said Behsan Behzadi, Head of Product at Aeva. “We look forward to growing with Micro-Epsilon and delivering new capabilities for factory automation.”

About Aeva Technologies, Inc. (Nasdaq: AEVA)

Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving, manufacturing automation and smart infrastructure, to robotics and consumer devices. Aeva is accelerating autonomy with its groundbreaking perception platform that integrates lidar-on-chip technology, system-on-chip processing, and perception algorithms onto silicon leveraging silicon photonics. Aeva 4D LiDAR sensors uniquely detect velocity and position simultaneously, allowing automated 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 Eve, Aeva Omni, Aeva CityOS, Aeva Ultra Resolution, 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. These forward-looking statements include, but are not limited to, expectations about our collaboration announced herein, relationship with Micro-Epsilon, our product features, performance, applications and adoption. 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. 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 products for commercial scale production, (v) the commercial success of any products in which Aeva’s products have been selected for inclusion or might be included, (vi) unforeseen manufacturing issues or defects, (vii) Aeva’s ability to scale production if any products achieve commercial success, (viii) market acceptance of LiDAR technology to industrial automation and other applications, (ix) general economic conditions and 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.