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Sandia National Laboratories Collaborates with Aeva to Strengthen Security at Nuclear Reactor Sites

1. Aeva's 4D LiDAR technology selected for testing by Sandia National Laboratories. 2. The technology enhances security at U.S. nuclear reactor sites. 3. Aeva's LiDAR can detect intrusions in challenging conditions. 4. Key milestone for Aeva in national security applications. 5. Aeva's technology may expand to other infrastructure sectors.

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Why Bullish?

The selection by a prominent laboratory signifies strong validation and potential demand, similar to historical examples where military contracts boosted tech firms’ valuations.

How important is it?

The announcement indicates strategic partnerships validating Aeva’s technology, likely enhancing investor outlook and competitive positioning.

Why Long Term?

The partnership suggests ongoing revenue opportunities as Aeva's technology can be deployed in various security applications, potentially leading to growth over years.

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-Aeva’s 4D LiDAR Technology Enables Advanced Intrusion Detection Near Perimeters MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (Nasdaq: AEVA), a leader in next-generation sensing and perception systems, today announced that Sandia National Laboratories has completed its evaluation phase of Aeva’s 4D LiDAR technology. Following the previously announced selection of Aeva’s technology, Sandia is planning to test Aeva’s technology at a U.S. nuclear reactor site to evaluate its performance to enhance security and assess threat detection capabilities. These include for potential intrusions in the perimeter areas of the facility, such as water intakes that are important for safe reactor operation. “Supporting the security of nuclear reactor infrastructure requires constant innovation,” said JR Russell, Distinguished Member of Technical Staff at Sandia National Laboratories. “Aeva’s 4D LiDAR gives us a new tool to detect potential threats in challenging environments where traditional sensors often fall short. Its ability to operate reliably in darkness, glare, and complex weather conditions makes it well-suited for our mission.” Aeva’s 4D LiDAR was selected for its ability to detect hard-to-see waterborne objects, such as partially submerged or low-contrast intrusions, at distances up to 35 meters. Powered by Aeva’s proprietary Frequency Modulated Continuous Wave (FMCW) technology, the system provides precise 3D positioning with simultaneous velocity data, enabling faster more reliable threat identification. Aeva’s sensors deliver round-the-clock operational capabilities. They function in complete darkness, through glare and sunlight, and in challenging weather conditions such as fog, rain, and dust—making them ideally suited for securing infrastructure sites. “We’re pleased to be selected by Sandia following extensive evaluations. We’re entering the next phase with the testing of our industry-leading LiDAR to help secure nuclear sites,” said James Reuther, Chief Engineer at Aeva. “This marks a key milestone, not only for this program, but for the broader adoption of Aeva’s 4D LiDAR for use across infrastructure security including nuclear facilities, airports, and power plants nationwide.” Aeva’s work with Sandia National Laboratories underscores the growing demand for advanced perception solutions in national security applications. As threats become more complex and conditions more variable, Aeva’s LiDAR-on-chip platform is enabling a new era of Physical AI for safeguarding essential assets. About Aeva Technologies, Inc. (Nasdaq: 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 Eve, 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 our product features, performance and our relationship with a top national laboratory. 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 and (v) 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. More News From Aeva Technologies, Inc.

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