MOUNTAIN VIEW, Calif. - Aeva Technologies, Inc. (NYSE: AEVA), known for its advanced sensing and perception systems, has introduced the Aeva Atlas™ Ultra, a 4D LiDAR sensor designed to enhance the safety and capabilities of automated driving. The company, which has seen its stock surge over 116% in the past six months according to InvestingPro data, aims to meet the requirements of SAE Level 3 and 4 autonomous driving in both passenger and commercial vehicles with this new sensor.
The Atlas (NYSE:ATCO) Ultra boasts up to three times the resolution of its predecessor and offers a configurable field of view with up to 150 degrees of horizontal vision. Its slim design is tailored for seamless integration into consumer vehicles, intended to minimize the impact on styling and aerodynamics. The sensor's on-board perception software is capable of detecting objects at a maximum range of 500 meters and includes unique detection abilities for small and dynamic objects.
Atlas Ultra leverages Aeva’s proprietary Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology, which can detect both the position and velocity of objects simultaneously. This feature is critical for autonomous systems, allowing for faster and more confident object detection from greater distances. The sensor's immunity to interference from sunlight and other LiDAR systems, as well as its ability to prevent blooming and ghosting around reflective objects, promises clear perception in a variety of driving conditions.
The sensor's advanced capabilities extend to detecting small objects on the road, tracking dynamic objects with centimeter accuracy, and identifying drivable regions. Aeva's custom silicon, including the CoreVision™ Lidar-on-Chip module and the Aeva X1™ System-on-Chip processor, powers the Atlas Ultra. These components are designed to meet stringent automotive standards and facilitate mass production at affordable costs.
Aeva is showcasing the Atlas Ultra at CES 2025, with sample availability expected for select automotive OEMs and mobility customers by late 2025. The company’s technology is positioned to contribute to the evolution of autonomous driving, with its sensors designed to integrate all key LiDAR components onto a compact silicon photonics chip.
This article is based on a press release statement from Aeva and does not include any additional analysis or commentary. According to InvestingPro analysis, Aeva currently appears undervalued based on its Fair Value model, with analysts anticipating sales growth in the current year. For deeper insights into Aeva's financial health, valuation metrics, and 12 additional ProTips, investors can access the comprehensive Pro Research Report, part of the extensive analysis available for over 1,400 US stocks on InvestingPro. The forward-looking statements within the press release are subject to various risks and uncertainties and should not be relied upon as predictions of future events.
In other recent news, Aeva Technologies reported its third-quarter 2024 financial performance. The company's earnings call, led by Andrew Fung, Senior Director of Investor Relations and Corporate Development, included insights from Soroush Salehian, Co-Founder and CEO, and Saurabh Sinha, CFO. The call included forward-looking statements and non-GAAP financial measures, with an acknowledgment of risks and uncertainties that may affect financial results.
These recent developments reflect the company's ongoing commitment to transparency in its financial measures. Aeva Technologies' press release and presentation, which provides more details on the financial performance, are accessible on its Investor Relations website.
Despite no specific financial misses being mentioned, the company has acknowledged potential risks and uncertainties that could impact future results. In contrast, optimistic forward-looking statements were made regarding Aeva's prospects, indicating expectations for the company's future performance. These statements were framed within the context of current market assumptions and conditions.
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