Aeva to Showcase World's First Automotive-Grade FMCW 4D LiDAR for Advanced Driver Assist and Autonomy in Production Vehicles at CES 2024

Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, announced its attendance at CES® 2024 where it will showcase the world's first automotive-grade FMCW 4D LiDAR for advanced driving automation in mass production vehicles. Aeva will also demonstrate its commercially available Aeries II 4D LiDAR technology for automotive applications, demonstrate its micron-precise industrial metrology sensing technology for industrial applications, and provide a preview of May Mobility's Aeva-equipped autonomous vehicle platform, all at Aeva's exhibit in the Las Vegas Convention Center, West Hall ? Booth #6841.

Aeva to Showcase:

New Automotive Product Introduction and Demonstration: Witness the introduction of Aeva's newest automotive-grade long-range and high-resolution 4D LiDAR for mass production automotive applications. See the new product, a live sensor demonstration, and seamless passenger vehicle integration design. Visitors will be able to view the product up close and learn more about its powerful capabilities designed to accelerate the automotive industry's path to safer advanced driver assistance systems and autonomous driving at highway speeds.

Aeriestm II 4D LiDAR Demo: See the industry's most advanced FMCW 4D LiDAR technology with live point clouds from Aeries II sensors showcasing Aeva's unique ability to detect 3D position and velocity simultaneously. Multiple LiDAR sensors and cameras deliver a fused and colorized point cloud capable of scene segmentation and automatic pedestrian detection.

Featured Customer ? May Mobility: See May Mobility's next-generation autonomous transit vehicle equipped with Aeva 4D LiDAR technology, built on the Toyota Sienna Autono-MaaS vehicle platform. Discover how Aeva's long-range sensor technology will help enable May Mobility to expand its operational design domain and broaden its service areas to reach new populations of riders.

Demo Drives: Departing from Aeva's outdoor exhibit space in the West Plaza, ride-along demo drives will tour the streets of Las Vegas with live 4D LiDAR data showcasing the unique benefits of Aeva's technology, including simultaneous velocity and range detection, Aeva Ultra Resolutiontm and immunity to interference. Space is limited. To request a reservation, investors and media should email [email protected] or register on-site at Aeva's main booth in the West Hall.

Industrial Metrology Sensor Demonstration: Experience the flexibility of Aeva's FMCW platform with a demonstration of its LiDAR-on-Chip technology tuned for micron-precise measurements, ideal for contactless automated quality control in high-volume manufacturing environments including automotive vehicle production lines and aerospace manufacturing.

Information regarding Aeva's CES 2024 presence and activities are available online at: aeva.com/ces-2024.

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, Aeries, Aeva Ultra Resolution, 4D Perception, and 4D Localization 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. These 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, but are not limited to expectations about our product features, performance and our relationship with May Mobility. 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 OEM products, (v) the ability to manufacture at volumes and costs needed for commercial programs and (vi) 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.