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 announced its participation in several virtual financial conferences throughout June 2021. Key events include:
- Needham Virtual Automotive Tech Conference on June 8
- UBS Global Industrials and Transportation Conference on June 9
- Deutsche Bank Global Auto Industry Conference on June 16
- Baird Autonomous Vehicle Webcast Series on June 16
- Goldman Sachs Digital Economy Conference on June 18
- Credit Suisse Mobility Start-up Forum on June 22
This engagement aims to enhance investor relations and showcase its LiDAR technology, crucial for autonomous vehicles.
Innoviz Technologies (Nasdaq: INVZ) has partnered with Sensagrate to integrate InnovizOne LiDAR sensors with Sensagrate's SensaVision software. This collaboration aims to enhance pedestrian and automobile safety and improve traffic flow in smart city environments. InnovizOne's high-resolution capabilities will enable accurate tracking of various road users and assist in accident analysis through predictive analytics. The partnership represents a significant advancement in urban planning, focusing on reducing congestion and fatalities while supporting the development of safer roadways.
Innoviz Technologies (NASDAQ: INVZ) has released its financial results for the first quarter of 2021. The company reported a revenue of $2 million, a significant increase from $1 million in the previous quarter. Despite the positive revenue growth, Innoviz reported a net loss of $10 million, consistent with prior periods. The company anticipates a strong demand for its LiDAR technology in the automotive sector and aims for a revenue projection of $15 million for Q2 2021. Innoviz also highlights its ongoing partnerships with leading automotive manufacturers.
Innoviz Technologies (NASDAQ: INVZ) was selected by a leading Tier-1 automotive supplier as the LiDAR provider for its autonomous shuttle program. The agreement, expected to generate hundreds of millions in revenue, involves InnovizOne solid-state LiDAR units that will facilitate level 4 autonomy for shuttles operational by the end of 2022. This selection follows a rigorous two-and-a-half-year evaluation of Innoviz's product reliability and manufacturing capabilities, marking a significant milestone for the company as it prepares for high-volume production.
Innoviz Technologies (Nasdaq: INVZ) announced its participation in Citi's Car of The Future Virtual Symposium on May 12, 2021. The management will present at 11:45 a.m. Eastern time and hold one-on-one meetings throughout the event. The fireside chat will be available for live webcast and replay. Innoviz is known for its high-performance LiDAR technology, crucial for autonomous vehicles, and has partnered with industry leaders like BMW. The company focuses on delivering superior safety and performance in its products.
Innoviz Technologies (Nasdaq: INVZ) has announced a partnership with Vueron Technology to develop a LiDAR-only autonomous driving platform. This collaboration follows Vueron's recent achievement of a self-driving permit from the South Korean government, allowing a historic automated drive from Seoul to Busan. Innoviz's LiDAR technology, recognized for its high performance, will be integrated with Vueron's advanced perception software, paving the way for enhanced autonomous vehicle capabilities. The partnership aims to leverage both companies' strengths to advance safety and reliability in autonomous driving.
Innoviz Technologies (Nasdaq: INVZ) announced it will release its Q1 2021 financial results on May 12, 2021, before the market opens. A conference call and webinar to discuss these results will take place on the same day at 8:00 a.m. Eastern time (5:00 a.m. Pacific time). Interested parties can register for the webinar here. Following the call, a replay will be available on the Investors section of Innoviz's website for 90 days.
Innoviz Technologies Ltd. (Nasdaq: INVZ) announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2020. The report highlights the company's progress in high-performance solid-state LiDAR sensors and perception software. Interested parties can access the report on Innoviz's investor relations website or the SEC's website. Innoviz is recognized for its advanced LiDAR technology, selected by BMW for its fully electric autonomous vehicle project, and is supported by notable investors such as SoftBank Ventures and Samsung.
Innoviz Technologies (Nasdaq: INVZ) announced the launch of its InnovizTwo LiDAR sensor, boasting a 30x performance improvement over its predecessor, InnovizOne, and a significant 70% cost reduction. The InnovizTwo, designed for automakers and autonomous vehicles, offers enhanced visual performance, a 125x40 degree Field of View, and a detection range of 300m. Full production is expected in 2022 with annual output projected between 500,000 and 1,000,000 units by 2024. This development underscores Innoviz's commitment to advancing safe autonomous driving technologies.
Innoviz Technologies Ltd. (Nasdaq: INVZ) has appointed six new members to its board of directors, enhancing its leadership team following its merger with Collective Growth Corporation (formerly Nasdaq: CGRO) on April 5, 2021. The new board members bring extensive experience from the technology and automotive sectors, including former executives from Orbotech and Apple. CEO Omer Keilaf expressed confidence that this leadership will drive shareholder value and facilitate Innoviz's transition to a public company, focusing on high-performance LiDAR technology for autonomous vehicles.