Blockchain Registration Transaction Record

Aeva Technologies Gears Up for Scaling of Industrial Automation Sensors

Aeva Technologies Inc. secures a deal with Nikon Corp. to produce sensors for industrial automation, leveraging its FMCW 4D LiDAR technology. The company's expansion into the industrial automation sector signals a significant shift in revenue potential beyond the automotive market, impacting the efficiency and effectiveness of factory production processes.

This news matters because Aeva’s expansion into industrial automation signals a significant shift in its revenue potential beyond the automotive sector. The company's cutting-edge FMCW technology could open new opportunities in the projected multi-billion dollar industrial automation market, impacting the efficiency and effectiveness of factory production processes.