TEL AVIV, Israel and
SINGAPORE, Aug. 10, 2021 /PRNewswire/ -- Innoviz
Technologies (Nasdaq: INVZ), a leading provider of
high-performance, solid-state LiDAR sensors and perception
software, has formed a partnership with Curium, a leading developer
of automated calibration services for Autonomous Systems.
Curium's automated calibration software ensures that the
vehicle's sensor suite is working as it should, even under
dynamically changing conditions. This is a critical problem to
solve, as sensors which are out of adjustment can lead to
mis-detections and accidents.
Through the partnership agreement, Curium will apply its
patented calibration techniques to its advanced driving system
using the advanced capabilities of Innoviz's solid-state LiDAR
sensor. Curium's solution actually simplifies the integration of
the InnovizOne Lidar into any vehicle, as well as the installation
of the sensor in the production stage.
Curium will also distribute and promote Innoviz's products
throughout Southeast Asia across
multiple sectors, including automotive original equipment
manufacturers (OEMs), shuttles, robotaxis, and various industrial
applications. The partnership between the companies builds on
Innoviz's strong relationships in Asia, including Korea, Japan, and China.
"We are pleased to partner with Innoviz Technologies, a company
that has by far the best LiDAR on the market," said Dr.
Ali Hasnain, CEO and founder of
Curium. "With Innoviz's market-leading LiDAR solution and
Curium's ability to perform multi-sensor Continuous Dynamic
Calibration™, we will be giving both companies a
distinct market advantage when it comes to systems that require the
best in LiDAR technology with superior levels of reliability.
Innoviz's strong global presence will enable us to work together in
Asia and beyond, giving us
confidence in a long and fruitful collaboration."
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 Curium
Curium is a market leading innovator in sensor calibration
technologies with a patent pending solution for multi-sensor
calibration. This approach to calibration ensures that
development of autonomous systems such as Autonomous Vehicles can
be rapidly escalated to level 4 and 5 of automation. This is
done by Curium's ability to perform Continuous Dynamic
Calibration™ (CDC) across multiple sensor types such
as LiDAR, Radar and Cameras, ensure complete confidence in the
accuracy and reliability of the sensor data and therefore enabling
AI modules to make accurate decisions all the time, every
time. For more information, visit www.curium.sg.
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Innoviz Technologies
Contact Information
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
+1 (949) 574-3860
investors@innoviz-tech.com
Curium
media@curium.sg
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 future
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.
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