Innoviz Announces Expansion of Multi-Year NRE Payment Plan with Key Customers to Approximately $95 Million from $80 Million
Innoviz Technologies (NASDAQ: INVZ), a Tier-1 supplier of automotive LiDAR sensors, has expanded its Non-Recurring Engineering (NRE) payment plan with key customers. The plan's total value has increased to approximately $95 million from $80 million, with payments expected between 2025 and 2027.
The expanded NRE payments, which are additional to regular product revenue, stem from development activities Innoviz performs for existing customers. The company has also partnered with Fabrinet (NYSE: FN) to launch mass production of the InnovizTwo LiDAR platform, preparing for multiple project Start of Production (SOP) dates in 2026.
Innoviz Technologies (NASDAQ: INVZ), fornitore di primo livello di sensori LiDAR per il settore automobilistico, ha ampliato il suo piano di pagamento per l'Ingegneria Non Ricorrente (NRE) con clienti chiave. Il valore totale del piano è aumentato a circa 95 milioni di dollari dai 80 milioni precedenti, con pagamenti previsti tra il 2025 e il 2027.
I pagamenti NRE ampliati, che si aggiungono ai ricavi regolari derivanti dai prodotti, derivano dalle attività di sviluppo che Innoviz svolge per i clienti esistenti. L'azienda ha inoltre stretto una collaborazione con Fabrinet (NYSE: FN) per avviare la produzione di massa della piattaforma LiDAR InnovizTwo, preparandosi a molteplici date di inizio produzione (SOP) nel 2026.
Innoviz Technologies (NASDAQ: INVZ), proveedor de nivel 1 de sensores LiDAR para automoción, ha ampliado su plan de pagos de Ingeniería No Recurrente (NRE) con clientes clave. El valor total del plan ha aumentado a aproximadamente 95 millones de dólares desde 80 millones, con pagos previstos entre 2025 y 2027.
Los pagos NRE ampliados, que son adicionales a los ingresos regulares por productos, provienen de las actividades de desarrollo que Innoviz realiza para clientes existentes. La empresa también se ha asociado con Fabrinet (NYSE: FN) para lanzar la producción en masa de la plataforma LiDAR InnovizTwo, preparándose para múltiples fechas de inicio de producción (SOP) en 2026.
Innoviz Technologies (NASDAQ: INVZ)는 자동차용 LiDAR 센서의 1급 공급업체로, 주요 고객과의 비반복 엔지니어링(NRE) 지불 계획을 확장했습니다. 이 계획의 총 가치는 약 9,500만 달러로 8,000만 달러에서 증가했으며, 2025년부터 2027년 사이에 지불될 예정입니다.
확대된 NRE 지불은 정기 제품 매출 외에 추가되는 것으로, Innoviz가 기존 고객을 위해 수행하는 개발 활동에서 비롯됩니다. 또한 회사는 Fabrinet (NYSE: FN)과 협력하여 InnovizTwo LiDAR 플랫폼의 대량 생산을 시작하며, 2026년에 여러 생산 시작일(SOP)을 준비하고 있습니다.
Innoviz Technologies (NASDAQ : INVZ), fournisseur de premier rang de capteurs LiDAR pour l'automobile, a étendu son plan de paiement d'ingénierie non récurrente (NRE) avec des clients clés. La valeur totale du plan a augmenté à environ 95 millions de dollars, contre 80 millions précédemment, avec des paiements prévus entre 2025 et 2027.
Les paiements NRE élargis, qui s'ajoutent aux revenus réguliers des produits, proviennent des activités de développement qu'Innoviz réalise pour ses clients existants. L'entreprise s'est également associée à Fabrinet (NYSE : FN) pour lancer la production de masse de la plateforme LiDAR InnovizTwo, se préparant à plusieurs dates de début de production (SOP) en 2026.
Innoviz Technologies (NASDAQ: INVZ), ein Tier-1-Lieferant von LiDAR-Sensoren für die Automobilindustrie, hat seinen Zahlungsplan für Non-Recurring Engineering (NRE) mit Schlüsselkunden erweitert. Der Gesamtwert des Plans wurde auf ca. 95 Millionen US-Dollar von zuvor 80 Millionen US-Dollar erhöht, mit Zahlungen, die zwischen 2025 und 2027 erwartet werden.
Die erweiterten NRE-Zahlungen, die zusätzlich zu den regulären Produkteinnahmen erfolgen, resultieren aus Entwicklungsaktivitäten, die Innoviz für bestehende Kunden durchführt. Das Unternehmen hat außerdem eine Partnerschaft mit Fabrinet (NYSE: FN) geschlossen, um die Massenproduktion der InnovizTwo LiDAR-Plattform zu starten und bereitet sich auf mehrere Produktionsstarttermine (SOP) im Jahr 2026 vor.
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Insights
Innoviz secures additional $15M in customer engineering payments, signaling stronger demand and production readiness for its automotive LiDAR technology.
Innoviz's expanded NRE payment plan represents a significant vote of confidence from key customers in the company's LiDAR technology. The $15 million increase—bringing the total to
This funding expansion is strategically timed to support Innoviz through a critical transition phase. With several projects scheduled for start of production (SOP) in 2026, the company is entering the capital-intensive phase of moving from development to commercial deployment. The increased customer funding indicates these production timelines are likely on track.
The partnership with Fabrinet for manufacturing the InnovizTwo LiDAR platform addresses one of the most challenging aspects of LiDAR commercialization—scaling production while maintaining automotive-grade quality. Fabrinet's established manufacturing infrastructure across the US and Asia provides Innoviz with geographic diversification in production capabilities, a critical advantage for serving global automotive customers with differing regional requirements.
For automotive suppliers, securing increased NRE commitments from existing customers is particularly meaningful. It typically indicates the supplier's technology is meeting or exceeding performance expectations, and customers are expanding their planned use cases. As a Tier-1 direct supplier, Innoviz's deeper customer relationships provide valuable stability as they approach production milestones.
Expanded $95M NRE payment plan strengthens Innoviz's financial runway through critical 2026 production launches while avoiding dilutive financing.
The expansion of Innoviz's NRE payment plan from
What makes this announcement particularly valuable is the nature of NRE payments themselves. These payments compensate Innoviz for engineering development work and are explicitly described as "incremental to revenues generated from ongoing sales of LiDAR products." This creates a dual revenue stream that supplements product sales and strengthens overall cash flow visibility.
The timing of these payments is strategically aligned with Innoviz's capital needs. With production launches scheduled for 2026, the company is entering a phase that typically requires substantial investment in production tooling, quality systems, and inventory build. Having secured these additional payments precisely during this period may reduce the need for dilutive financing.
The manufacturing partnership with Fabrinet complements this financial strategy by allowing Innoviz to leverage an established production infrastructure rather than building capital-intensive manufacturing capabilities in-house. This asset-light approach to production scaling preserves capital while still enabling the volume ramp-up needed to fulfill customer orders in 2026-2027.
For a technology company transitioning from development to commercialization, securing increased customer financial commitments indicates strong execution against development milestones and growing customer confidence in Innoviz's ability to deliver production-ready LiDAR systems.
Extension of NRE payment plan announced in December 2024 increases the potential cash payments expected in 2025-2027, further bolstering financial position
"We are thrilled to further broaden our NRE payment plan with our customers," said Omer Keilaf, CEO and Founder of Innoviz. "NREs are essential to strategically funding our operations as we approach start of production (SOP) for several projects in 2026. We believe this engagement underscores our customers' trust in our ability to meet the stringent demands of next-generation autonomous vehicles through our unique technology and production capabilities."
In support of project SOPs and volume ramps in 2026 and 2027, Innoviz recently announced its partnership with Fabrinet (NYSE: FN) to launch mass production of the InnovizTwo LiDAR platform. Fabrinet's expertise in automotive-grade manufacturing and global footprint of manufacturing sites spread across
In addition, Innoviz will release its earnings results for the first quarter of 2025 on Wednesday, May 14, 2025, before the market opens.
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 direct 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. Operating across the
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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 services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, expected NRE payments and Innoviz's projected future operational and financial results, including revenue and NREs. 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.
"NRE (Non-recurring Engineering)" is booked services that may be ordered from Innoviz usually as part of a program design win and includes, among other things, application engineering, product adaptation services, testing and validation services, standards and qualification work and change requests (usually during the lifetime of a program). NREs may be paid based on milestones over the development phase of the project which may take a few years.
Many factors could cause actual future events, and in the case of our forward-looking revenues and NRE bookings, 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 convert design wins into definitive orders and the magnitude of such orders, the possibility that NRE would be set off against liabilities and indemnities, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations regarding the impact of the evolving conflict in
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FAQ
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