Kela to Field Innoviz LiDAR Across Its Unified Situational Operations Platform

Rhea-AI Summary

Innoviz Technologies (NASDAQ: INVZ) and defense company Kela Technologies announced a framework agreement for Kela to procure up to several hundred InnovizTwo LiDAR sensors, with potential to scale to thousands over time.

Innoviz LiDAR will be integrated into Kela’s unified situational operations platform for armored vehicles, border security and perimeter-defense missions, enhancing target discrimination, degraded-environment awareness and operational execution for defense, homeland security and critical infrastructure customers.

AI-generated analysis. Not financial advice.

Positive

• Framework agreement with defense-platform provider Kela Technologies
• Potential procurement of up to several hundred InnovizTwo LiDAR units
• Future cooperation may scale LiDAR demand to thousands of units
• Entry into armored vehicle, border and perimeter-defense applications

Negative

• None.

News Market Reaction – INVZ

+16.56% 3.4x vol

63 alerts

+16.56% News Effect

+52.7% Peak Tracked

-12.7% Trough Tracked

+$30M Valuation Impact

$208.07M Market Cap

3.4x Rel. Volume

On the day this news was published, INVZ gained 16.56%, reflecting a significant positive market reaction. Argus tracked a peak move of +52.7% during that session. Argus tracked a trough of -12.7% from its starting point during tracking. Our momentum scanner triggered 63 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $30M to the company's valuation, bringing the market cap to $208.07M at that time. Trading volume was very high at 3.4x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Reality Check

Price: $0.6961 Vol: Volume 2,375,987 is in li...

normal vol

$0.6961 Last Close

Volume Volume 2,375,987 is in line with the 20-day average of 2,352,329 (relative volume 1.01x). normal

Technical Shares at 0.7863 trade 69.04% below the 52-week high of 2.54, 35.57% above the 52-week low of 0.58, and below the 200-day MA at 1.28.

Peers on Argus

Sector peers show mixed moves, with names like HLLY up 1.49% and MLR/MPAA/SLDP d...

1 Up

Sector peers show mixed moves, with names like HLLY up 1.49% and MLR/MPAA/SLDP down between about 1.96% and 3.19%. Momentum scanner only flagged one peer (MVST) moving up 13.12%, suggesting this Innoviz defense LiDAR announcement is more stock-specific than sector-driven.

Historical Context

5 past events · Latest: May 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 06	Autonomy partnership	Positive	+9.0%	LOXO letter of intent to integrate InnovizTwo into L4 delivery vehicles.
Apr 28	Defense market entry	Positive	+7.5%	Entry into defense and homeland security with InnovizSMART and InnovizTwo ULR.
Apr 23	Earnings call notice	Neutral	-4.6%	Announcement of Q1 2026 earnings release and conference call schedule.
Apr 22	Product launch	Positive	+1.6%	Launch of InnovizTwo ULR LiDAR with up to 1-kilometer sensing range.
Mar 27	Listing compliance	Negative	-5.4%	Nasdaq non-compliance notice for trading below the $1.00 minimum bid.

Pattern Detected

Recent product and partnership news has often been followed by positive price reactions, while regulatory/compliance items skew negative.

Recent Company History

Over the past few months, Innoviz has highlighted multiple LiDAR milestones. On Apr 22, it launched the InnovizTwo Ultra Long-Range LiDAR with up to 1 kilometer detection, followed by an Apr 28 announcement entering defense and homeland security with InnovizSMART and InnovizTwo ULR. A May 6 letter of intent with LOXO targeted autonomous delivery vehicles. In contrast, a Mar 27 Nasdaq minimum-bid non-compliance notice drew a negative reaction. Today’s Kela framework agreement continues the recent push into defense-focused 3D sensing deployments.

Market Pulse Summary

The stock surged +16.6% in the session following this news. A strong positive reaction aligns with I...

Analysis

The stock surged +16.6% in the session following this news. A strong positive reaction aligns with Innoviz’s recent pattern, where LiDAR product launches and partnership announcements around InnovizTwo have often been followed by gains of 1.6% to 9.02%. The Kela framework agreement extends the move into defense and homeland security applications. However, the stock trading 69.04% below its 52-week high and under the 200-day MA suggests prior weakness that could make follow-through sensitive to execution and contract scale.

Key Terms

lidar, autonomous mobility, electro-optical, rf systems, +1 more

5 terms

lidar technical

"a leading supplier of high-performance, automotive-grade LiDAR sensor platforms"

Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

autonomous mobility technical

"LiDAR — a core sensing technology used in autonomous mobility — into Kela's software-defined"

Autonomous mobility means vehicles and transport services that can navigate and operate with little or no human control using onboard sensors, software, and networked systems; it covers self-driving cars, delivery robots, automated shuttles, and the supporting digital infrastructure. Investors care because it changes who pays for and earns income from transportation—like replacing a human driver with software—and can shift costs, create new revenue streams, and introduce regulatory and safety risks that affect company value.

electro-optical technical

"alongside radar, electro-optical, thermal and RF systems across armored vehicles"

Electro-optical describes devices and technologies that convert between electrical signals and light or that use light controlled by electricity—think of them as translators between electricity and beams of light. Investors care because these technologies power items like high-speed communications, imaging systems, sensors and targeting equipment; improvements can open new markets, raise product value and affect revenue and competitive position much like a faster engine can change a car maker’s sales.

rf systems technical

"alongside radar, electro-optical, thermal and RF systems across armored vehicles"

RF systems are the equipment and components that generate, transmit, receive and process radio-frequency electromagnetic signals used for wireless communication, radar, satellite links and some medical devices. Think of them as the plumbing and pumps that carry invisible “data water” through the air; their performance and reliability affect how well networks and devices work. Investors care because RF systems sit at the center of telecom, defense and IoT supply chains, are influenced by spectrum rules and technology cycles, and can drive recurring revenue, capital spending and competitive advantage.

software-defined warfare technical

"platform that allied militaries use to win software-defined warfare, and Innoviz Technologies"

A way of running military tools, weapons and communications where software, rather than fixed hardware, controls capabilities and behavior; updates, new functions and protections are delivered like apps rather than rebuilding physical equipment. Investors care because it shifts spending toward software developers, cloud and cybersecurity providers, and allows faster upgrades and scaling—similar to how a smartphone ecosystem creates recurring revenue and rapid feature changes versus a one-time hardware purchase.

AI-generated analysis. Not financial advice.

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TEL AVIV, Israel, May 13, 2026 /PRNewswire/ -- Kela Technologies, a defense company building the open, modular platform that allied militaries use to win software-defined warfare, and Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading supplier of high-performance, automotive-grade LiDAR sensor platforms, today announced a framework agreement to procure up to several hundred units of Innoviz Technologies' InnovizTwo LiDAR sensors, with Kela anticipating that the cooperation may scale to thousands of units in the coming years.

The agreement brings LiDAR — a core sensing technology used in autonomous mobility — into Kela's software-defined situational platform, where the sensors will operate alongside radar, electro-optical, thermal and RF systems across armored vehicles, border security and perimeter-defense missions.

LiDAR adds high-resolution three-dimensional perception, helping fuse multiple sensor streams into a single operational picture for commanders and autonomous systems. For Kela's customers — defense forces, homeland-security agencies and critical-infrastructure operators — the addition of LiDAR strengthens three functions:

• Target discrimination. Distinguish an incoming drone from background clutter, identify concealed vehicles and personnel, and separate real threats from decoys using precise three-dimensional depth and shape data.
• Operational awareness in degraded environments. Maintain visibility through darkness, dust, smoke, fog, glare and camouflage conditions that routinely degrade cameras and conventional optical systems during operations.
• Faster operational execution. Reduce false alarms, shorten the path from detection to identification to engagement, and give commanders a cleaner operational picture with fewer fragmented sensor feeds to interpret under pressure.

Kela co-founder and President Hamutal Meridor: "Civilian autonomy proved that LiDAR can be built reliably and at scale. Defense now needs exactly that. Innoviz is the latest of many proven technologies we are bringing into Kela's open architecture, to give operators the sharpest possible picture of the situation and the time to act on it."

About Kela

Kela Technologies builds the open, modular platform that allied militaries use to win software-defined warfare. The company combines AI-driven sensor fusion, threat classification, and command software with field-hardened hardware, including modular payloads, optical and fiber communications, and resilient command links, to give operators a single, real-time picture of the situation and the tools to act on it at machine speed. Founded by veteran defense and technology operators from Israel, Kela's platform is deployed today across counter-UAS, counter-intrusion, base security, border protection and armored-vehicle missions. Headquartered in Tel Aviv and Washington D.C., Kela works directly with allied governments, defense primes and program offices. For more, visit kelasys.com

Contact:

Amir Mizroch
amir@orangegrovecommunications.com
+972509989338

View original content:https://www.prnewswire.com/news-releases/kela-to-field-innoviz-lidar-across-its-unified-situational-operations-platform-302771335.html

SOURCE Kela Technologies

FAQ

What did Innoviz (NASDAQ: INVZ) announce with Kela Technologies on May 13, 2026?

Innoviz announced a framework agreement with Kela Technologies to supply InnovizTwo LiDAR sensors. According to Innoviz, Kela plans to procure up to several hundred units initially, integrating them into its unified situational operations platform for military and security customers.

How many InnovizTwo LiDAR units could Kela procure under the INVZ framework agreement?

The framework agreement covers procurement of up to several hundred InnovizTwo LiDAR units. According to Innoviz, Kela also anticipates that cooperation may scale to thousands of units over the coming years as deployments expand across defense and security missions.

How will Innoviz LiDAR be used in Kela’s unified situational operations platform?

Innoviz LiDAR will provide high-resolution 3D perception within Kela’s situational platform. According to Innoviz, the sensors will operate alongside radar, electro-optical, thermal and RF systems across armored vehicles, border security and perimeter-defense missions to create a single operational picture.

What benefits does InnovizTwo LiDAR offer Kela’s defense and homeland security customers (INVZ)?

InnovizTwo LiDAR is expected to improve target discrimination and situational awareness. According to Innoviz, it helps distinguish drones and concealed threats, maintain visibility in dust, smoke, fog and glare, and reduce false alarms to speed detection, identification and engagement cycles.

Which customer groups will use InnovizTwo LiDAR through Kela’s platform with INVZ sensors?

Key users include defense forces, homeland-security agencies and critical-infrastructure operators. According to Innoviz, these customers will access InnovizTwo LiDAR through Kela’s open, modular platform to support armored vehicles, border protection and perimeter-defense missions in complex environments.

How does the Innoviz and Kela agreement support software-defined warfare capabilities?

The agreement adds LiDAR to Kela’s software-defined situational platform used in modern warfare. According to Innoviz, integrating LiDAR with multiple sensor types helps fuse data into a cleaner operational picture, supporting commanders and autonomous systems in software-defined combat environments.