Innoviz Picked by Foremost Asia-based Automotive OEM to Provide as Immediate LiDAR Supplier for Collection Creation Passenger Motor vehicles

“With this choice, we are continuing our momentum and even further demonstrating Innoviz’s capabilities as a Tier 1 supplier to the world’s foremost car or truck makers and increasing to supplemental geographies,” stated Innoviz CEO and Co-Founder Omer Keilaf. “We are very pleased of the sizeable progress we have built, especially in current months, and effectively positioned to even more reinforce and solidify our situation as a leading supplier for autonomous motor vehicles. We search ahead to supporting this new plan with a absolutely highlighted solution for all concentrations of autonomous driving, paving the path to total L3 automation.”

The variety represents Innoviz’s fourth important style get and 2nd nomination for series manufacturing of passenger vehicles as a direct provider, and follows Innoviz’s recently announced partnership with Volkswagen, by which Innoviz will work specifically with Cariad SE, Volkswagen’s automotive software package organization, to combine the Company’s technologies into upcoming Volkswagen motor vehicles. 

About Innoviz Technologies   
Innoviz is a world leader in LiDAR know-how, working to a upcoming with secure autonomous automobiles on the world’s roads. Innoviz’s LiDAR and notion software “see” greater than a human driver and decrease the risk of error, meeting the automotive industry’s strictest expectations for overall performance and security. Running across the U.S., Europe, and Asia, Innoviz has been selected by internationally acknowledged top quality motor vehicle brands for use in purchaser cars as perfectly as by other commercial and industrial leaders for a extensive variety of use conditions. For more information and facts, take a look at innoviz-tech.com

Media Get in touch with
[email protected]

Investor Make contact with
Maya Lustig
Innoviz Technologies
+972 54 677 8100
[email protected]

Forward Hunting Statements

This announcement contains specific ahead-looking statements within just the this means of the federal securities legal guidelines, including statements pertaining to the products and services offered by Innoviz, the expected technological ability of Innoviz’s items, the markets in which Innoviz operates, future collaborations with 3rd functions, Innoviz’s ahead-searching buy e-book and Innoviz’s projected upcoming effects. These forward-wanting statements usually are recognized by the terms “consider,” “project,” “anticipate,” “anticipate,” “estimate,” “intend,” “technique,” “long term,” “opportunity,” “strategy,” “may well,” “need to,” “will,” “would,” “will be,” “will proceed,” “will likely final result,” and comparable expressions. Forward-seeking statements are predictions, projections and other statements about upcoming functions that are dependent on current anticipations and assumptions and, as a final result, are issue to pitfalls and uncertainties, which include, in the case of this fourth design and style acquire, the possibility that definitive agreements continue to be to be finalized between the functions. You must meticulously consider these possibility and the other pitfalls and uncertainties described in Innoviz’s annual report on Sort 20-F filed with the SEC on March 30, 2022 and other documents filed by Innoviz from time to time with the SEC. These filings determine and deal with other vital risks and uncertainties that could cause real occasions and success to differ materially from those people contained in the ahead-searching statements. Forward-searching statements talk only as of the date they are made. Visitors are cautioned not to place undue reliance on ahead-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these ahead-searching statements, whether as a final result of new facts, future gatherings, or usually. Innoviz offers no assurance that it will attain its anticipations.

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