Innoviz Technologies Enhances its Automotive Tier-1 Supplier Position by Achieving Key Certification for LiDAR Testing Laboratories
Rhea-AI Summary
Innoviz Technologies (NASDAQ: INVZ), a Tier-1 automotive LiDAR supplier, has achieved ISO/IEC 17025:2017 certification for its hardware qualification testing laboratories. This certification validates the company's in-house testing capabilities and positions Innoviz among select LiDAR companies with accredited testing facilities.
The certification enables faster testing, parallel product development, and accelerated time-to-market for customers. Innoviz's laboratories offer comprehensive testing including temperature, humidity, stone impact, weather resistance, and mechanical vibration testing. This achievement complements the company's existing certifications in automotive quality management (IATF 16949:2016), environmental management (ISO 14001:2015), and occupational safety (ISO 45001:2018).
Positive
- Achievement of ISO/IEC 17025:2017 certification validates laboratory competence and quality management
- In-house testing capabilities reduce development time and accelerate customer product timelines
- Elimination of outsourcing requirements for testing protocols enhances operational efficiency
- Strengthened competitive position as one of few LiDAR companies with accredited testing facilities
Negative
- None.
News Market Reaction 23 Alerts
On the day this news was published, INVZ gained 5.15%, reflecting a notable positive market reaction. Argus tracked a peak move of +9.4% during that session. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $22M to the company's valuation, bringing the market cap to $444M at that time.
Data tracked by StockTitan Argus on the day of publication.
International ISO/IEC 17025:2017 certification validates laboratory capabilities and strengthens competitive positioning with comprehensive in-house testing
"This ISO/IEC 17025 certification elevates our laboratory capabilities to the highest international standards and gives OEMs confidence in our hardware qualification testing processes, skills, and quality management," said Omer Keilaf, CEO and Co-Founder of Innoviz Technologies. "By bringing these critical tests in-house with fully automated, best-in-class testing equipment, we create significant efficiencies in our development and processes while accelerating our customers' product timelines."
Innoviz's laboratories provide comprehensive in-house testing capabilities including temperature and humidity testing, stone impact testing, weather resistance testing, and mechanical vibration and shock testing. The ISO/IEC 17025:2017 certification confirms that Innoviz's laboratories demonstrate technical competence and maintain robust quality management systems to ensure accurate, reliable, and traceable test results. It addresses stringent requirements from automotive OEMs who demand that LiDAR testing be conducted in monitored laboratories with tools calibrated to the highest standards.
Innoviz's accredited laboratories offer substantial value to automotive partners by eliminating the need to outsource time-intensive testing protocols. This certification has been achieved based on the high proficiency, knowledge and experience gained at Innoviz and the company's comprehensive quality management foundation, which includes IATF 16949:2016 certification for automotive quality management systems, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management.
Innoviz's laboratories certification can be viewed here.
About Innoviz
Innoviz is a global leader in 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. 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, Innoviz's projected future operational and financial results. 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 our 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 convert design wins into definitive orders and the magnitude of such orders, 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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Media Contact
Media@innoviz-tech.com
Investor Contact
Investors@innoviz-tech.com
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SOURCE Innoviz Technologies