The Indoor Lab Transitions to 4D LiDAR with
Initial Planned Deployments at John F. Kennedy International
Airport’s New Terminal One and San Francisco International Airport,
Along with Mass Transit, Agriculture, and Smart Infrastructure
Integrations
The Indoor Lab, a world leader in LiDAR perception and analytics
solutions, and Aeva® (NYSE: AEVA), a leader in next-generation
sensing and perception systems, today announced that Aeva has been
selected to provide LiDAR for The Indoor Lab’s LiDAR analytics
platform used to improve safety, security and operational
efficiency at major U.S. airports, mass transit railways,
agriculture, and in smart infrastructure at theme parks, cities,
and other large venues across the U.S.
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Under the agreement, Aeva Atlas™ 4D LiDAR sensors will be
integrated into The Indoor Lab’s LiDAR Overwatch Perception
Platform™ that is the key driver to its Enterprise Analytics Suite
for Critical Infrastructure to provide data for round-the-clock
AI-powered analytics to monitor and manage indoor and outdoor
environments. Aeva’s technology will be leveraged for its instant
velocity detection, immunity to interference, and compact form
factor. The Indoor Lab is the leading hardware agnostic perception
platform for protecting America’s critical infrastructure. The
multi-year agreement represents Aeva’s first industrial customer
win for Atlas, with sensor shipments beginning this month for The
Indoor Lab’s initially planned customer deployments.
“We have evaluated nearly all time-of-flight 3D LiDAR
technologies on the market today and selected Aeva because we see
significant advantages in its 4D LiDAR technology,” said Patrick
Blattner, Founder and CEO of The Indoor Lab. “Importantly, Aeva is
the first to commercialize 4D LiDAR for production at scale and its
technology brings crucial advantages to our analytics platform,
including the addition of instant velocity data and the inherent
immunity to sunlight interference. By selecting Aeva, we have
future-proofed our perception analytics platform for critical
infrastructure throughout the U.S. and will be able to provide the
most comprehensive and advanced solutions for our customers at
scale.”
Together with The Indoor Lab, Aeva’s 4D LiDAR technology is
initially planned to be implemented at some of the nation’s largest
and most heavily trafficked airports, including John F. Kennedy
International Airport’s New Terminal One and San Francisco
International Airport, followed by undisclosed integrations in
agriculture, and in smart infrastructure at theme parks, cities,
and other large venues across the U.S.
“Aeva is seeing significant momentum in the market following
recent wins in automotive and industrial including our recent
selection by a top national defense security organization,” said
James Byun, Managing Director of Business Development at Aeva.
“This key production win with The Indoor Lab solidifies Aeva’s
position in the industrial market as the go-to lidar supplier of
choice when performance and scalability matter. The Indoor Lab is a
leader in LiDAR-based perception analytics and is expanding
deployments rapidly at large venues and critical infrastructure
sites across the U.S. Our unique FMCW technology will allow The
Indoor Lab to deliver high-performance sensing at scale across a
wide variety of indoor and outdoor customer use cases to enable
improved safety, security and efficiency.”
About The Indoor Lab
The Indoor Lab is a privately held, wholly owned U.S. company
and the only company in the world with a complete lidar-based
enterprise perception platform. Founded by leaders in the queuing
and flow analytics space, with over 15 years of experience in
passive analytics and 10 years in lidar, The Indoor Lab has been at
the forefront of innovative solutions for some of the largest
airports and brands globally. The Indoor Lab strives to be at the
cutting edge of innovation, continually advancing its perception
software capabilities and fostering collaboration across industries
and disciplines. By leveraging cutting-edge technologies such as
lidar, we aim to enhance safety, promote environmental
sustainability, and empower communities to thrive in an
ever-evolving global landscape.
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
features and performance of our products, our relationship with The
Indoor Lab, planned deployments of their analytics platform,
including timing. 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
and limited history of shipping significant product volumes, (iii)
the ability to implement business plans, forecasts, and other
expectations, (iv) unforeseen difficulties or delays in shipping,
manufacturing or installation, (v) the need to conclude definitive
deployment agreements with potential end customers, including those
mentioned in this release, (vi) unforeseen project delays, (vii)
end customer acceptance of the platform, and (viii) other material
risks and other important factors that could affect our financial
results that are further described in our filings with the SEC.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241023988895/en/
Media: Michael Oldenburg press@aeva.ai Investors: Andrew Fung
investors@aeva.ai
Aeva Technologies (NYSE:AEVA)
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