Drive Group and Innoviz Sign Strategic Collaboration to Advance AI-Powered LiDAR Solutions for Security and Intelligent Transportation
Rhea-AI Summary
Innoviz Technologies (NASDAQ: INVZ) and Drive Group signed a strategic collaboration to integrate InnovizSMART LiDAR into Drive's ITS and perimeter security solutions, focusing on the Barak LightGuard system.
Drive issued an upfront purchase order, and the partners are targeting $20 million in sales by the end of 2027.
Positive
- Drive Group issues upfront purchase order for InnovizSMART units
- Collaboration targets $20 million in Barak LightGuard sales by end of 2027
- Agreement supports potential new revenue stream in perimeter security and ITS markets
Negative
- None.
News Market Reaction – INVZ
In the Jun 23 session, INVZ gained 1.48%, reflecting a mild positive market reaction. Argus tracked a peak move of +3.7% during that session. Argus tracked a trough of -5.1% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Partnership,AI Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 07 | AI partnership | Positive | -5.1% | MoU with Vueron to integrate Innoviz LiDAR into VueX AI platform. |
| Jul 15 | Security/ITS partnership | Positive | -0.6% | Strategic partnership for LiDAR-camera ITS and security solution across India. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
INVZ has tended to trade down on past AI partnership announcements despite their positive tone.
Key Terms
lidar technical
intelligent transportation systems technical
perimeter intrusion detection technical
ai-based analytics technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
The companies plan to integrate Innoviz LiDARs into Drive's Barak LightGuard system with the goal of achieving a sales target of
As part of the immediate commitments of the agreement, Drive Group issued an upfront purchase order (PO) to Innoviz, to purchase InnovizSMART units for integrating them into Drive's Barak LightGuard systems with the goal of accelerating global market adoption in the fields of precise drone localization, critical infrastructure, border security, and Intelligent Transport Systems (ITS) and achieving a sales target of
The "Barak LightGuard" system was developed by Barak 555, a subsidiary of Drive Group, integrating Innoviz's InnovizSMART product together with the software company Cogniteam's software. The system, which integrates a high-resolution 3D LiDAR sensor, a video camera, and AI-based analytics software, enables the detection and classification of objects (humans, vehicles, animals) at distances of up to approximately 1,000 meters, supporting perimeter intrusion detection for the defense and homeland security markets, including critical infrastructure facilities and border security.
Ohad Kopolovich, CFO of Drive Group: "This collaboration with Innoviz marks a major strategic milestone for Drive Group as we continue expanding our position as a leader in advanced technology solutions for transportation, critical infrastructure, and security markets. By integrating Innoviz's world-class LiDAR technology into our platforms, we are significantly enhancing our ability to deliver next-generation AI-driven sensing to customers globally."
Eldar Cegla, CFO of Innoviz Technologies, said: "We are pleased to see this commercial validation of InnovizSMART for the perimeter security and intelligent transportation applications. The collaboration with Drive Group provides a foundation for building a meaningful revenue stream, with a targeted
About Drive Group
Drive Group is the leading group in
About Innoviz
Innoviz is a leading provider of LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads.
Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Innoviz's LiDAR sensors are designed to deliver exceptional range, resolution, and reliability, providing accurate 3D sensing in harsh weather conditions. Operating across the U.S., Europe, and Asia, Innoviz designs solutions for automotive OEMs, system integrators, municipalities, commercial enterprises, and other use cases worldwide. InnovizSMART is an off-the-shelf solution for security, defense and homeland security, intelligent traffic management, mobility, robotics, and aerial applications.
For more information, visit innoviz.tech.
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Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the products and solutions offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, Innoviz's projected future operational and financial results, and the expected sales target of the collaboration of Innoviz with the Drive Group. These 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.
Many factors could cause actual future events, and, in the case of Innoviz's forward-looking revenues, actual orders or actual payments, to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to achieve broader market adoption of Innoviz's products and solutions, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, the ability to maintain and scale initial deployments into long-term commercial relationships, the risk that initial purchase orders do not convert into anticipated volumes and that results depend on the success of third-party integrators and partners, the risks associated with the defense and homeland security market, including procurement cycles, budgetary constraints, and regulatory and export control considerations, and Innoviz's expectations regarding the impact of geopolitical developments in the Middle East including the evolving conflict in Israel on its ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risks and the other risks and uncertainties described in Innoviz's annual report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 4, 2026, and in other documents filed by Innoviz from time to time with the SEC. These filings identify and address 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 except as required by law, Innoviz 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. Innoviz does not give any assurance that it will achieve its expectations.
Media Contact
media@innoviz-tech.com
Investor Contact
investors@innoviz-tech.com
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SOURCE Drive Group