Aeva Announces Addition of Veteran Apple and Volkswagen Executives to Recently Formed Advisory Board | Business

Christina Wilkins

MOUNTAIN Check out, Calif.–(Enterprise WIRE)–Might 12, 2021– Aeva Systems, Inc. (NYSE: AEVA, “Aeva”), a chief in upcoming era 4D LiDAR sensing and notion systems, introduced right now the addition of automotive and shopper technologies veteran sector executives from Volkswagen and Apple to its freshly-made Advisory Board. This press launch options […]

MOUNTAIN Check out, Calif.–(Enterprise WIRE)–Might 12, 2021–

Aeva Systems, Inc. (NYSE: AEVA, “Aeva”), a chief in upcoming era 4D LiDAR sensing and notion systems, introduced right now the addition of automotive and shopper technologies veteran sector executives from Volkswagen and Apple to its freshly-made Advisory Board.

This press launch options multimedia. Check out the full release in this article: https://www.businesswire.com/news/residence/20210512005370/en/

Steve Zadesky (Photo: Small business Wire)

Aeva’s Advisory Board is welcoming former Apple senior executive Steve Zadesky and automotive chief and Senior Vice President at Volkswagen, Alex Hitzinger. Zadesky was a senior government at Apple for in excess of 20 a long time, in which he held numerous leadership roles, such as Vice President of Engineering and Head of Apple’s Specific Challenge Team. Steve has noteworthy practical experience in scaling new products, acquiring created and led the merchandise improvement teams for Apple’s first iPod, the initial Iphone and hundreds of add-ons. Hitzinger is a senior automotive executive who is presently CEO of ARTEMIS GmbH (formerly VW Autonomy). Prior to his present-day function, Alex served in senior leadership roles, together with Senior Vice President at VW Team, Head of Solution Style and design inside of Apple’s Exclusive Assignments Group and Technological Director for Porsche 919, the winner of the 24 hours of Le Mans.

With many years of technological innovation and automotive expertise, these seasoned leaders will supply strategic guidance for Aeva’s administration group as Aeva is effective towards bringing its breakthrough FMCW 4D LiDAR on chip to current market.

“We are thrilled to welcome Steve and Alex to our Advisory board,” explained Soroush Salehian, Co-Founder and CEO of Aeva. “Steve’s encounter making and top Apple’s engineering teams that shipped some of the world’s most liked products and solutions brings a exceptional combination of deep item innovation expertise along with strategic leadership. Alex’s unmatched track record bringing some of the most innovative auto engineering to mass market will enable Aeva to broaden our access within just automotive. We search ahead to Steve and Alex’s contributions in knowing Aeva’s mission to convey the next wave of notion to all products.”

About Aeva

Founded in 2017 by previous Apple engineers Soroush Salehian and Mina Rezk, and led by a multidisciplinary crew of engineers and operators skilled in the discipline of sensing and perception, Aeva’s mission is to carry the subsequent wave of notion technological innovation to wide programs from automatic driving to buyer electronics, customer overall health, industrial robotics and stability. Aeva is backed by Porsche SE, Adage Money, Lux Cash and Canaan Partners, amongst other people. For far more details, check out www.aeva.com.

Ahead seeking statements

This push release consists of selected ahead-looking statements inside of the meaning of the federal securities guidelines. These ahead-on the lookout statements usually are discovered by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely outcome,” and very similar expressions. Ahead-wanting statements are predictions, projections and other statements about long term functions that are based mostly on recent anticipations and assumptions and, as a final result, are topic to dangers and uncertainties. A lot of things could bring about true future gatherings to differ materially from the forward-looking statements in this push launch, including, but not confined to: (i) the skill to maintain the listing of Aeva’s securities on the New York Inventory Exchange, (ii) the rate of Aeva’s securities, which may possibly be volatile because of to a wide variety of components, including improvements in the aggressive and hugely regulated industries in which Aeva designs to operate, variations in overall performance across opponents, adjustments in legislation and restrictions impacting Aeva’s business and changes in the mixed money composition, (iii) the capacity to apply enterprise plans, forecasts, and other expectations and to establish and comprehend added opportunities, (iv) the possibility of downturns and the possibility of swift change in the really competitive sector in which Aeva operates, (v) the hazard that Aeva and its existing and long term collaborators are not able to correctly acquire and commercialize Aeva’s goods or products and services, or encounter important delays in performing so, (vi) the hazard that Aeva may possibly never reach or sustain profitability (vii) the hazard that Aeva will need to raise additional capital to execute its business strategy, which quite a few not be available on appropriate conditions or at all (viii) the hazard that Aeva encounters problems in handling its development and increasing functions, (ix) the risk that 3rd-parties suppliers and brands are not capable to fully and timely satisfy their obligations, (x) the hazard of products liability or regulatory lawsuits or proceedings relating to Aeva’s products and companies, (xi) the threat that Aeva is not able to safe or defend its intellectual house and (xii) the outcomes of the ongoing coronavirus (COVID-19) pandemic or other infectious health conditions, wellbeing epidemics, pandemics and pure disasters on Aeva’s small business. The foregoing record of things is not exhaustive. You should really meticulously think about the foregoing elements and the other pitfalls and uncertainties explained in the “Risk Factors” and “Cautionary Be aware With regards to Ahead-Hunting Statements and Threat Aspect Summary” sections of the Company’s registration statement on Form S-4 (No. 333-251106), as amended, originally submitted with the SEC on December 3, 2020, and Aeva’s other filings with the SEC. These filings establish and tackle other crucial challenges and uncertainties that could lead to precise events and effects to vary materially from people contained in the ahead-searching statements. Forward-wanting statements speak only as of the date they are designed. Readers are cautioned not to set undue reliance on forward-searching statements, and Aeva assumes no obligation and does not intend to update or revise these forward-searching statements, whether or not as a final result of new data, future gatherings, or or else. Aeva does not give any assurance that it will reach its expectations.

Look at source edition on businesswire.com:https://www.businesswire.com/information/house/20210512005370/en/

Contact: Traders:

Andrew Fung

[email protected] Media:

Michelle Chang

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Key phrase: UNITED STATES NORTH The usa CALIFORNIA

Field Search term: AUTOMOTIVE AUTOMOTIVE Production Common AUTOMOTIVE Technologies Manufacturing Program Components

Resource: Aeva Systems, Inc.

Copyright Enterprise Wire 2021.

PUB: 05/12/2021 07:00 AM/DISC: 05/12/2021 07:02 AM

http://www.businesswire.com/information/residence/20210512005370/en

Copyright Business enterprise Wire 2021.

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