Aeries Technology shares fall 4.15% premarket despite Aeva's 4D LiDAR technology collaboration with Sandia National Laboratories.

Aeries Technology, Inc. fell 4.15% in premarket trading. The company announced that Sandia National Laboratories has completed its evaluation phase of Aeva's 4D LiDAR technology and is planning to test it at a U.S. nuclear reactor site to enhance security and assess threat detection capabilities. Aeva's 4D LiDAR was selected for its ability to detect hard-to-see waterborne objects at distances up to 35 meters.