Latest news with #Cascadia
Business Wire
6 days ago
- Automotive
- Business Wire
Aeva to Accelerate Scaled Production of 4D LiDAR for Autonomous Trucks in Collaboration with Daimler Truck North America
MOUNTAIN VIEW, Calif. & PORTLAND, Ore.--(BUSINESS WIRE)--Aeva® (Nasdaq: AEVA), a leader in next-generation sensing and perception systems, today announced an expanded partnership with Daimler Truck North America (DTNA) to advance the commercialization of autonomous vehicles through enhanced production of Aeva's state-of-the-art 4D LiDAR technology. As part of the strengthened collaboration, DTNA is providing additional non-recurring funding to further support Aeva's development as the company advances to series production. In response to the growing demand for Aeva's 4D LiDAR, Aeva plans to increase its production capacity to up to 200,000 LiDAR units annually, with the goal of supporting multiple customers including Daimler Truck for production of advanced sensing in autonomous vehicle applications. This expanded partnership builds on the selection of Aeva as the production LiDAR supplier for Torc Robotics, an independent subsidiary of Daimler Truck AG, and its SAE Level 4 autonomous Freightliner Cascadia trucks. Marking a major milestone, the first autonomous-ready Cascadia trucks equipped with Aeva's 4D LiDAR sensors are now operating on public roads in Texas, further advancing Daimler Truck's vision for safe and scalable autonomous transport. 'We are proud to deepen our relationship with Daimler Truck North America and support their leadership in bringing safe autonomous trucks to market,' said Soroush Salehian, Co-Founder and CEO at Aeva. 'This investment enables us to accelerate delivering high-performance sensing capabilities critical for autonomous freight at commercial scale, as we increase the production capacity of our 4D LiDAR in North America.' 'Our collaboration with Aeva continues to strengthen as we move closer to series production, and we are happy to expand our partnership and continue supporting Aeva as they ramp up toward their start of production,' said Joanna Buttler, General Manager of Product Strategy and Market Development at Daimler Truck North America. 'The performance, reliability, and scalability of Aeva's 4D LiDAR technology will make it a key component of our strategy to deploy safe, reliable, and efficient autonomous trucks.' LiDAR is a key enabling technology in autonomous driving. While traditional LiDAR sensors use high power laser pulses to sense distances to objects, Aeva's unique Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology uses a low power continuous laser beam to simultaneously measure range and velocity with high resolution at long ranges up to 500 meters. This enables vehicles to unlock new levels of safety and automation at highway speeds. This announcement marks another step forward in Aeva's mission to deliver next-generation perception for autonomous mobility, and in Daimler Truck's commitment to transforming the future of freight transportation through automation. About Daimler Truck North America Daimler Truck North America LLC, headquartered in Portland, Oregon, is a leading provider of comprehensive products, services and technologies for the commercial transportation industry. Daimler Truck North America designs, engineers, manufactures and markets medium- and heavy-duty trucks, school buses, vehicle chassis and their associated technologies and components under the Freightliner, Western Star, Thomas Built Buses, Freightliner Custom Chassis Corp and Detroit brands. Daimler Truck North America is a subsidiary of Daimler Truck Holding AG (DTG), one of the world's leading commercial vehicle manufacturers. 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 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. These forward-looking statements include, but are not limited to expectations about our product features, performance and our relationship with Daimler Truck. 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. 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 other OEM products, (v) the fact that products using Aeva's technology may never achieve commercial production; (vi) unforeseen delays or manufacturing or other issues, (vii) the impact of global tariffs or other global economic or political conditions and (viii) 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.
Daily Mail
11-07-2025
- Science
- Daily Mail
Scientists issue chilling warning over 'doomsday tsunami' likely to hit parts of the U.S. by 2100
A doomsday tsunami is likely to strike the US in the near future, according to new research led by researchers at Virginia Tech. The study, published in the Proceedings Of The National Academy Of Sciences, found that a devastating earthquake along the Cascadia Subduction Zone (CSZ) in America's Pacific Northwest is almost assured to take place by 2100, with a 37 per cent chance it'll happen at any point in the next 50 years. If an earthquake between 8.0 and 9.0 in magnitude struck today, scientists warn that a 100-foot mega tsunami would wipe out most of the West Coast, as the coastline would drop by almost eight feet instantaneously. Doomsday: Scientists say a tsunami could hit U.S. as massive earthquake is due by 2100 (pictured: aftermath of the 9.0 quake that struck Japan in 2011) The CSZ is a nearly 700-mile-long fault line off the west coast of North America where one tectonic plate, the Juan de Fuca Plate slides beneath another, the North American Plate. It stretches from northern Vancouver Island in Canada to the southern half of the US West Coast, running along the coasts of Washington, Oregon, and California. The Federal Emergency Management Agency (FEMA) estimated that there would be 5,800 deaths from a CSZ earthquake alone and another 8,000 due to the mega tsunami it would unleash. Professor Tina Dura, the lead author of the study, said: 'This is going to be a very catastrophic event for the US, for sure. The tsunami is going to come in, and it's going to be devastating.' Danger zone: The Cascadia zone, which sits under Washington, Oregon, and northern California, is said to be 'overdue' for another major earthquake. The last one struck in 1700 By 2100, climate change is predicted to raise sea levels by as much as two feet. If the Cascadia Subduction Zone doesn't suffer another mega earthquake until then, it will likely amplify the devastation and flooding beyond the damage expected in 2025. The 2022 emergency report from FEMA projected that there would be more than 100,000 people injured and over 618,000 buildings damaged or destroyed during the next major CSZ earthquake. That damage would include more than 2,000 schools and 100 critical facilities along the West Coast, costing the country more than $134billion. Disastrous: If the CSZ ruptured, it could cause a magnitude-9 earthquake throughout the region. The darker areas mark the areas that would receive the most damage, extending inland, where the devastation would be more moderate The new study also predicted that the West Coast would be reshaped for centuries. The earthquake and mega tsunami would radically expand 100-year floodplains in Washington, Oregon, and California by as much as 115 square miles. Floodplains are areas expected to suffer historic flooding at least once every 100 years. If those regions suddenly expanded by more than 100 miles, more homes, roads, and local infrastructure would fall into dangerous flood zones. However, in the worst-case scenarios where subsidence (sinking of the ground) is at its highest, the researchers estimated that their flood zone predictions could more than double. 'After the tsunami comes and eventually recedes, the land is going to persist at lower levels,' Dura told BBC Science Focus. 'That floodplain footprint is going to be altered for decades or even centuries.' The Cascadia Subduction Zone is becoming a major area of concern now because of the growing amount of time that's passed since its last major seismic event. The last major earthquake struck on January 26, 1700. Historians and scientists estimate that it was a magnitude 9.0 earthquake which unleashed a mega tsunami that destroyed the village of Pachena Bay in British Columbia. Records of the event show that waves up to 100 feet high struck just 30 minutes after the quake, leaving no survivors. Scientists have estimated that the CSZ builds up into a major earthquake every 400 to 600 years, meaning it's already been 325 years since the last cataclysmic event. 'You can imagine, during the next earthquake, when the land drops down, you're going to suddenly have to contend with multiple centuries of equivalent sea level rise in minutes,' Dura warned.
Daily Mail
10-07-2025
- Science
- Daily Mail
Scientists warn 'doomsday tsunami' likely to strike US
A doomsday tsunami is likely to strike the US in the near future, but scientists say it's better if it hits sooner rather than later. A new study has found that a colossal earthquake along the Cascadia Subduction Zone (CSZ) in America's Pacific Northwest is almost assured to take place by 2100, with a 37 percent chance it'll happen at any point in the next 50 years. The CSZ is a nearly 700-mile-long fault line off the west coast of North America where one tectonic plate, the Juan de Fuca Plate slides beneath another, the North American Plate. It stretches from northern Vancouver Island in Canada to the southern half of the US West Coast, running along the coasts of Washington, Oregon , and California . If an earthquake between 8.0 and 9.0 in magnitude struck today, scientists warn that a 100-foot mega tsunami would wipe out most of the West Coast, as the coastline would drop by almost eight feet instantaneously. The Federal Emergency Management Agency (FEMA) estimated that there would be 5,800 deaths from a CSZ earthquake alone and another 8,000 due to the mega tsunami it would unleash. The international team, led by researchers at Virginia Tech, added that these dire predictions will only get worse as more time passes because of rising sea levels. Professor Tina Dura, the lead author of the study, said: 'This is going to be a very catastrophic event for the US, for sure. The tsunami is going to come in, and it's going to be devastating.' By 2100, climate change is predicted to raise sea levels by as much as two feet. If the Cascadia Subduction Zone doesn't suffer another mega earthquake until then, it will likely amplify the devastation and flooding beyond the damage expected in 2025. The 2022 emergency report from FEMA projected that there would be more than 100,000 people injured and over 618,000 buildings damaged or destroyed during the next major CSZ earthquake. That damage would include more than 2,000 schools and 100 critical facilities along the West Coast, costing the country more than $134 billion. The new study published in the Proceedings of the National Academy of Sciences also predicted that the West Coast would be reshaped for centuries. The earthquake and mega tsunami would radically expand 100-year floodplains in Washington, Oregon, and California by as much as 115 square miles. Floodplains are areas expected to suffer historic flooding at least once every 100 years. If those regions suddenly expanded by more than 100 miles, more homes, roads, and local infrastructure would fall into dangerous flood zones. However, in the worst-case scenarios where subsidence (sinking of the ground) is at its highest, the researchers estimated that their flood zone predictions could more than double. 'After the tsunami comes and eventually recedes, the land is going to persist at lower levels,' Dura told BBC Science Focus . 'That floodplain footprint is going to be altered for decades or even centuries.' The Cascadia Subduction Zone is becoming a major area of concern now because of the growing amount of time that's passed since its last major seismic event. The last major earthquake struck on January 26, 1700. Historians and scientists estimate that it was a magnitude 9.0 earthquake which unleashed a mega tsunami that destroyed the village of Pachena Bay in British Columbia. Records of the event show that waves up to 100 feet high struck just 30 minutes after the quake, leaving no survivors. The CSZ marks the boundary where the Juan de Fuca Plate is sliding (subducting) under the North American Plate. However, this movement isn't smooth. The plates periodically get stuck together at the fault line which builds up stress over many years. That stress continues to accumulate until it finally reaches a breaking point and releases massive amounts of seismic waves that we feel as a devastating earthquake. Since this fault line sits in the Pacific, it also unfortunately disrupts the ocean, sending out gigantic waves from the epicenter. Pictured: Aftermath of the 9.0 quake that struck Japan in 2011. Scientists have estimated that the CSZ builds up into a major earthquake every 400 to 600 years, meaning it's already been 325 years since the last cataclysmic event. 'You can imagine, during the next earthquake, when the land drops down, you're going to suddenly have to contend with multiple centuries of equivalent sea level rise in minutes,' Dura warned.
Daily Mail
10-07-2025
- Science
- Daily Mail
Scientists warn 'Doomsday tsunami' is ready to strike parts of the US: 'Only a matter of time'
A doomsday tsunami is likely to strike the US in the near future, but scientists say it's better if it hits sooner rather than later. A new study has found that a colossal earthquake along the Cascadia Subduction Zone (CSZ) in America's Pacific Northwest is almost assured to take place by 2100, with a 37 percent chance it'll happen at any point in the next 50 years. The CSZ is a nearly 700-mile-long fault line off the west coast of North America where one tectonic plate, the Juan de Fuca Plate slides beneath another, the North American Plate. It stretches from northern Vancouver Island in Canada to the southern half of the US West Coast, running along the coasts of Washington, Oregon, and California. If an earthquake between 8.0 and 9.0 in magnitude struck today, scientists warn that a 100-foot mega tsunami would wipe out most of the West Coast, as the coastline would drop by almost eight feet instantaneously. The Federal Emergency Management Agency (FEMA) estimated that there would be 5,800 deaths from a CSZ earthquake alone and another 8,000 due to the mega tsunami it would unleash. The international team, led by researchers at Virginia Tech, added that these dire predictions will only get worse as more time passes because of rising sea levels. Professor Tina Dura, the lead author of the study, said: 'This is going to be a very catastrophic event for the US, for sure. The tsunami is going to come in, and it's going to be devastating.' A magnitude 9 earthquake in the northwest US could destroy half a million homes and cause the deaths of countless people. Pictured: Aftermath of the 9.0 quake that struck Japan in 2011 The Cascadia zone, which sits under Washington, Oregon, and northern California, is said to be 'overdue' for another major earthquake. The last one struck in 1700 By 2100, climate change is predicted to raise sea levels by as much as two feet. If the Cascadia Subduction Zone doesn't suffer another mega earthquake until then, it will likely amplify the devastation and flooding beyond the damage expected in 2025. The 2022 emergency report from FEMA projected that there would be more than 100,000 people injured and over 618,000 buildings damaged or destroyed during the next major CSZ earthquake. That damage would include more than 2,000 schools and 100 critical facilities along the West Coast, costing the country more than $134 billion. The new study published in the Proceedings of the National Academy of Sciences also predicted that the West Coast would be reshaped for centuries. The earthquake and mega tsunami would radically expand 100-year floodplains in Washington, Oregon, and California by as much as 115 square miles. Floodplains are areas expected to suffer historic flooding at least once every 100 years. If those regions suddenly expanded by more than 100 miles, more homes, roads, and local infrastructure would fall into dangerous flood zones. However, in the worst-case scenarios where subsidence (sinking of the ground) is at its highest, the researchers estimated that their flood zone predictions could more than double. 'After the tsunami comes and eventually recedes, the land is going to persist at lower levels,' Dura told BBC Science Focus. 'That floodplain footprint is going to be altered for decades or even centuries.' The Cascadia Subduction Zone extends along a nearly 700-mile strip of the Pacific Ocean off the coast of southern Canada, Washington, Oregon, and northern California. If it ruptured, it could cause a magnitude-9 earthquake throughout the region. The darker areas mark the areas that would receive the most damage, extending inland, where the devastation would be more moderate The Cascadia Subduction Zone is becoming a major area of concern now because of the growing amount of time that's passed since its last major seismic event. The last major earthquake struck on January 26, 1700. Historians and scientists estimate that it was a magnitude 9.0 earthquake which unleashed a mega tsunami that destroyed the village of Pachena Bay in British Columbia. Records of the event show that waves up to 100 feet high struck just 30 minutes after the quake, leaving no survivors. The CSZ marks the boundary where the Juan de Fuca Plate is sliding (subducting) under the North American Plate. However, this movement isn't smooth. The plates periodically get stuck together at the fault line which builds up stress over many years. That stress continues to accumulate until it finally reaches a breaking point and releases massive amounts of seismic waves that we feel as a devastating earthquake. Since this fault line sits in the Pacific, it also unfortunately disrupts the ocean, sending out gigantic waves from the epicenter. Scientists have estimated that the CSZ builds up into a major earthquake every 400 to 600 years, meaning it's already been 325 years since the last cataclysmic event. 'You can imagine, during the next earthquake, when the land drops down, you're going to suddenly have to contend with multiple centuries of equivalent sea level rise in minutes,' Dura warned.
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Cascadia Announces Closing of Financing
VANCOUVER, BC , July 3, 2025 /CNW/ - Cascadia Minerals Ltd. (" Cascadia") (TSXV:CAM) (OTCQB:CAMNF) is pleased to announce that it has oversubscribed and closed its previously announced non-brokered private placement (the " Placement") for total proceeds of C$2,274,385 , in conjunction with Cascadia's planned acquisition of Granite Creek Copper Ltd. (the " Transaction"), see news release dated June 9, 2025 for more details. The Placement was oversubscribed by 174,180 subscription receipts. The Placement consisted of the sale of: (a) 14,459,894 subscription receipts (" Subscription Receipts") at a price of $0.14 per Subscription Receipt for gross proceeds of C$2,024,385 ; and (b) 1,785,714 units (" Cascadia Units") at a price of C$0.14 per Cascadia Unit for gross proceeds of C$250,000 . Each Subscription Receipt entitles the holder to receive at the effective time of the Transaction one unit of Cascadia consisting of one Cascadia share and one common share purchase warrant (a " Warrant"). Each Warrant will entitle the holder thereof to purchase an additional Cascadia share at a price of $0.24 per share for a period of two years following the date of issuance of the Warrant. The Cascadia Units also consist of one Cascadia share and one common share purchase warrant having the same terms as the Warrants forming part of the units underlying the Subscription Receipts. The proceeds from the sale of the Subscription Receipts will be held in escrow pending the closing of the Transaction. If the closing of the Transaction has not completed by August 29, 2025 , the Subscription Receipts will be cancelled and the escrowed proceeds returned to the subscribers. Cascadia will use the proceeds of the Placement to pay expenses associated with the Transaction and to conduct exploration on the Carmacks Project. Cascadia will pay cash finders' fees totalling $90,623 and issue a total of 647,308 finder warrants (" Finder Warrants") in connection with the financing, with such fees to be paid and warrants to be issued at the closing of the Transaction. Each Finder Warrant shall be exercisable into one common share of Cascadia for a period of 24 months from issue, at an exercise price of $0.24 per Finder Warrant. The Cascadia shares and warrants comprising the Cascadia Units and any Cascadia shares issuable upon the exercise of these warrants are subject to a hold period in Canada until November 4, 2025 . The Subscription Receipts are also subject to a hold period in Canada which ends on November 4, 2025 , but the Cascadia shares and Warrants issuable upon the conversion of the Subscription Receipts at the effective time of the Transaction and any Cascadia shares issued on the exercise of the Warrants will not be subject to a resale hold period in Canada . Insiders of Cascadia purchased a total of 1,071,429 Subscription Receipts and 1,785,714 Cascadia Units in the private placement. The participation of insiders in the private placement constitutes a related party transaction, within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101"). Cascadia has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the Placement did not exceed 25 per cent of Cascadia's market capitalization. About Cascadia Cascadia is a Canadian junior mining company focused on making new copper and gold discoveries the Yukon and British Columbia . Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver. Cascadia and Granite Creek Copper Ltd. recently announced a merger, whereby Cascadia will acquire all outstanding shares of Granite Creek by way of a plan of arrangement (see news release dated June 9, 2025 ). Granite Creek's flagship asset is the Carmacks Project in the high-grade Minto copper district in Yukon Territory, Canada . The project is located south of and within 35km of the past-producing Minto mine, which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and 0.01% molybdenum) with a 2023 PEA demonstrating positive economic potential ( $230.5 M Post-Tax NPV (5%) and 29% Post-Tax IRR). QA/QC The technical information in this news release has been approved by Andrew Carne , VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101. Prospecting grab samples referenced in this release represent highlight results only, and include results from 2024 and previous seasons. Below detection values for copper, gold and silver have been encountered in grab samples in these target areas. For more details on Catch drilling and prospecting results, please see Cascadia's News Releases dated July 25, 2024 , and July 19, 2023 . The Mineral Resources disclosed here are referenced from the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper, and have not been independently reviewed by Cascadia. Pricing for the Carmacks Project PEA base case economic analysis was US $3.75 /lb copper, US $1,800 /oz gold, and US $22 /oz silver at an exchange rate of $1 : US$0.75 . For more details on the economic analysis, refer to the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper. The results of the Carmacks preliminary economic assessment are preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. On behalf of Cascadia Minerals Ltd. Graham Downs , President and CEO NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Cautionary note regarding forward-looking statements: This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
