Curated News
By: NewsRamp Editorial Staff
October 29, 2024

Aeva Technologies Inks Multi-Year Deal with The Indoor Lab, Expanding Its Commercial Momentum

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Source News Release

TLDR

  • Aeva Technologies Inc. has inked a multi-year sensor supply deal with The Indoor Lab, marking a significant industrial customer production win for Aeva's next-generation 4D LiDAR.
  • Aeva's advanced LiDAR technology uses a low-power continuous laser beam to measure range and velocity at the same time, integrating all key LiDAR components onto a silicon photonics chip in a compact module.
  • Aeva's technology provides significant advantages in improving safety, security, and operational efficiency for major U.S. airports, mass transit railways, agriculture, smart infrastructure, and large venues across the U.S., making the world a safer and more efficient place.
  • Aeva's sensors are being integrated into critical infrastructure and industrial machines, showing the company's unique technology is applicable across diverse markets and is poised to be a leading player in the growing LiDAR market.

Impact - Why it Matters

This news matters because it demonstrates Aeva’s growing adoption and success in the LiDAR market, expanding beyond automotive applications into industrial and security sectors. The multi-year deal with The Indoor Lab and other strategic partnerships positions Aeva as a key player in the market growth, impacting various industries such as transportation, agriculture, theme parks, and critical infrastructure.

Summary

Aeva Technologies Inc. has signed a multi-year sensor supply deal with The Indoor Lab, a LiDAR perception and analytics solutions company. The deal marks the first industrial customer production win for Aeva’s next-generation 4D LiDAR, with sensor shipments beginning this month. The Indoor Lab will integrate Aeva’s 4D LiDAR at major U.S. airports, mass transit railways, agriculture, smart infrastructure at theme parks, and other large venues across the U.S.

The deal with The Indoor Lab reflects Aeva’s expansion into the industrial and security markets. Aeva’s unique 4D LiDAR technology provides crucial advantages for analytics platforms, and the company is also working on upcoming launches for manufacturing automation programs with Nikon. With the LiDAR market poised to grow at a CAGR of 19.3% between now and 2030, Aeva’s strategic partnerships and product deliveries position the company as a leader in market growth for the coming years.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Aeva Technologies Inks Multi-Year Deal with The Indoor Lab, Expanding Its Commercial Momentum

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