Welcome to our dedicated page for Innoviz Technologies news (Ticker: INVZ), a resource for investors and traders seeking the latest updates and insights on Innoviz Technologies stock.
Innoviz Technologies Ltd. (NASDAQ: INVZ) is a Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensor platforms and complementary software stacks. The Innoviz news feed highlights company announcements that cover autonomous driving programs, smart infrastructure deployments, technology launches, and corporate developments relevant to LiDAR and perception systems.
Investors and industry followers can use this page to review updates on Innoviz’s collaborations with automotive manufacturers and technology partners. Recent news includes selection by Daimler Truck and Torc Robotics as a LiDAR partner for series production of SAE Level 4 autonomous Class 8 trucks, as well as earlier disclosures about a major commercial vehicle OEM choosing InnovizTwo LiDAR for Level 4 autonomous trucks in North America.
The feed also features product and platform announcements such as the InnovizThree compact LiDAR, the InnovizSMART and InnovizSMARTer solutions for smart infrastructure and perimeter security, and integrations with platforms like NVIDIA Jetson Orin Nano and Vueron’s VueX AI development environment. These stories illustrate how Innoviz positions its sensors and software for applications ranging from passenger vehicles and trucks to smart cities, mobility, robotics, and aerial systems.
In addition to technology and partnership news, this page may include financial and strategic updates drawn from company press releases, such as quarterly results, program wins, and certification milestones like ISO/IEC 17025:2017 accreditation for its testing laboratories. For anyone tracking INVZ, this consolidated news view offers a way to follow how Innoviz’s LiDAR platforms are being adopted across automotive and industrial markets.
Innoviz Technologies (Nasdaq: INVZ) has partnered with Sensagrate to launch a smart intersection corridor pilot at UCLA, integrating InnovizOne LiDAR with SensaVision for enhanced traffic analytics. This collaboration aims to improve pedestrian and driver safety through accurate data collection and real-time traffic monitoring. The pilot will also be expanded to cities in Arizona, such as Phoenix, Scottsdale, and Tucson, to address smart city challenges. Innoviz’s LiDAR technology is noted for its durability and compliance with privacy laws, making it suitable for smart city applications.
Innoviz Technologies has been selected by a leading Asia-based automotive OEM as a direct supplier of its InnovizTwo LiDAR sensor for series production of passenger vehicles. This marks Innoviz's fourth major design win and aims to support full L3 automation in vehicles. The partnership is projected to generate revenue in fiscal year 2024. This selection follows a recent collaboration with Volkswagen to integrate Innoviz's technology into their vehicles, showcasing Innoviz's growth as a Tier 1 supplier.
Innoviz Technologies has partnered with HiRain Technologies to deploy InnovizOne LiDAR sensors across ports in China. The initial deployment at RiZhao port aims to enhance operational efficiency and safety using autonomous vehicles and Vehicle to Anything (V2X) applications. The combined technology will mitigate risks and improve worker safety through precise environmental monitoring. HiRain plans to integrate Innoviz's next-generation sensor, InnovizTwo, for further advancements. This collaboration comes amid global supply chain challenges and highlights the increasing relevance of LiDAR technology.
Innoviz Technologies Ltd. (Nasdaq: INVZ) reports significant progress in commercial traction, highlighted by its selection as Volkswagen's CARIAD's direct LiDAR supplier for automated vehicles. This Tier-1 supplier achievement validates Innoviz's high-performance LiDAR sensors and perception technology. The Volkswagen partnership includes the provision of InnovizTwo LiDAR sensors and perception software integrated with CARIAD's automated driving stack. Additionally, Innoviz emphasized its robust Tier-1 capabilities in mass production and quality.
Innoviz Technologies announced its selection by CARIAD SE to supply InnovizTwo LiDAR sensors and perception software for advanced driver assist systems (ADAS) in automated vehicles. This marks Innoviz's third design win with a major automaker and its first as a Tier-1 supplier. The deal increases Innoviz's forward-looking order book to $6.6 billion, indicating strong demand for its technology. CEO Omer Keilaf expressed enthusiasm about collaborating with CARIAD, aiming to enhance vehicle safety and support the industry's advancements.
Innoviz Technologies (NASDAQ: INVZ) will host a conference call and webinar on August 10, 2022, at 9:00 a.m. ET, to discuss its Q2 2022 operational and financial results for the quarter ending June 30. The results will be released prior to the call. Investors can register for the event, which will include a Q&A session, by following the provided link. A replay will be available on the company’s investor page for 90 days post-event. Innoviz is recognized for its solid-state LiDAR technology, enhancing safety in autonomous vehicles.
Innoviz Technologies (NASDAQ: INVZ) announced a collaboration with Japan Post to implement InnovizOne LiDAR sensors for constructing digital maps, enhancing next-generation services like autonomous driving and unmanned delivery. This initiative aims to improve logistics and smart city development in Japan. The smart cities market in Japan is projected to grow significantly, from nearly $45 million in 2021 to over $93 million by 2027. The partnership highlights Innoviz's technology capabilities and its strategic role in evolving urban landscapes.
Innoviz Technologies (NASDAQ: INVZ) has partnered with Joowon Industrial to enhance the sales of its LiDAR solutions in South Korea. This collaboration aims to leverage Joowon's TADS system, which can significantly reduce inspection costs for power distribution lines by approximately 80%. Innoviz's high-performance LiDAR technology will be integrated into Joowon's next-generation TADS to improve the efficiency and accuracy of inspections. The partnership emphasizes the importance of the Korean market for Innoviz and aims to establish a strong foothold in the region.
Innoviz has been selected to conduct a workshop on 3D perception in autonomous driving with NVIDIA at the European Conference on Computer Vision (ECCV), occurring from October 23-27, 2022 in Tel Aviv. This workshop aims to tackle challenges associated with processing large LiDAR datasets and will feature experts from prestigious organizations like MIT and Waymo. Innoviz's CEO, Omer Keilaf, emphasizes the significance of 3D perception for safe autonomous driving.
Innoviz (NASDAQ: INVZ) has partnered with Visionary.ai to integrate their imaging and LiDAR technologies. This collaboration aims to enhance 3D machine vision applications for robotics, smart cities, and drones, specifically in challenging conditions like low light and heavy rain. Visionary.ai's AI-driven True Night Vision technology combined with Innoviz's high-resolution LiDAR will create accurate 3D imaging. The press release highlights rapid market growth for Innoviz and a recent $4 billion increase in their forward-looking order book, driven by a major vehicle manufacturer's selection of Innoviz's LiDAR for production vehicles.