TEL AVIV, Israel and
SCOTTSDALE, Arizona, May 18, 2021 /PRNewswire/ -- Innoviz
Technologies (Nasdaq: INVZ), a technology leader of
high-performance, solid-state LiDAR sensors and perception
software, and Sensagrate, a leader in Smart City technology, data
analytics, and reporting products that enable real-time
traffic, pedestrian and cyclist safety on roadways, today announced
a partnership to integrate InnovizOne LiDAR sensors with
SensaVision, Sensagrate's computer vision software.
The addition of InnovizOne to the SensaVision suite will
enable a variety of applications that improve pedestrian and
automobile safety, preventing near-miss collisions at
intersections, collecting unique data for root cause analysis of
pedestrian related incidents through intelligent data collection
and predictive analytics. LiDAR-based intelligent traffic decisions
will improve traffic flow and reduce traffic congestion, leading to
a decrease in fatalities and emissions. We believe the collection
of precise data, derived with InnovizOne on Sensagrate's system,
will advance city planning by allowing predictive models to be
built over time that help cities have safer roads while reducing
congestion.
"InnovizOne's uniform high resolution of 0.1x0.1 over the entire
Field of View allows SensaVision to track vehicles, pedestrians and
obstacles over a wide area with high resolution," said
Darryl Keeton, President of
Sensagrate. "We found the range and point density of InnovizOne
uniquely suited to the SensaVision smart and safe intelligent
transportation system solution because we can angle the LiDAR for
optimal coverage. The size and industrial design of InnovizOne is a
perfect fit for integrating sensors into traffic signals with
ease."
"Innoviz is very happy to have been chosen by Sensagrate for
their Smart City and Smart Transportation applications,"
said Omer Keilaf, Co-Founder and CEO of Innoviz. "Our
LiDAR sensors and perception software support a diverse set of
applications across a wide array of verticals. We are thrilled to
partner with Sensagrate to advance the safety of future cities
starting today."
About Innoviz Technologies
Innoviz is a leading provider of technology that will put
autonomous vehicles on roads. Innoviz's LiDAR technology can "see"
better than a human driver and meets the automotive industry's
strict expectations for performance, safety and price. Selected by
BMW for its fully autonomous car program, Innoviz's technology will
be deployed in BMW's consumer vehicles. Innoviz is backed by
top-tier strategic partners and investors, including SoftBank
Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture
Partners, and others. For more information, visit
www.innoviz.tech.
About Sensagrate
Sensagrate is a computer vision
software company that provides traffic AI solutions on the edge to
bring state-of-the-art innovation solutions that provide real-time,
predictive analytics to decrease congestion and emissions, and
improve public safety. SensaVision intelligent transportation
system products include computer vision software, computer vision
on the edge, and traffic and safety data and analytics. For more
information, visit www.sensagrate.com.
Contacts Information:
Innoviz Technologies
Media@innoviz-tech.com
Investor Contact
Maya
Lustig
Innoviz
Technologies
+972 54 677 8100
Investors@innoviz-tech.com
Gateway Investor Relations
Cody Slach or Matt Glover
(949) 574-3860
Investors@innoviz-tech.com
Sensagrate
info@sensagrate.com
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 and Innoviz's projected revenue
and other future financial and operational 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 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 identify and realize additional
opportunities, and potential changes and developments in the highly
competitive LiDAR technology and related industries. The foregoing
list of factors is not exhaustive. You should carefully consider
the foregoing factors and the other risks and uncertainties
described in Innoviz's annual report on Form 20-F filed with the
SEC on April 21, 2021 and other
documents filed by Innoviz from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Innoviz assumes no obligation and does not intend
to update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise. Innoviz
gives no assurance that it will achieve its expectations.
View original
content:http://www.prnewswire.com/news-releases/innoviz-technologies-and-sensagrate-announce-partnership-to-enable-smart-city-applications-301293368.html
SOURCE Innoviz Technologies