TEL AVIV, Israel and
TOKYO, Dec.
17, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq:
INVZ), a leading provider of high-performance solid-state
LiDAR sensors, and Obayashi Corporation (TYO: 1802), a major
Japanese construction company, today announced Obayashi's
development of an automated tower crane system that utilizes
Innoviz's LiDAR sensors. Obayashi's automated tower crane system is
part of its recently announced autonomous solutions for excavation
equipment, construction of concrete dams and backhoe loaders.
Obayashi began using Innoviz's LiDAR on their sites in 2018 and
is currently in the process of developing a full-scale system for
building sites throughout Japan.
Obayashi's recognition software extracts the data generated by
Innoviz's LiDAR to measure the exact distance from objects and
identify people and equipment in construction areas. Obayashi's
system uses the data to send a series of step-by-step warnings to
the crane operator, which enhances safety and enables a more
streamlined and efficient process. Using Innoviz's LiDAR together
with Obayashi's proprietary software has resulted in substantial
savings related to the manual operation of the crane.
Obayashi's engineering team said: "Obayashi has been
testing Innoviz's products for three years now, and we have great
confidence in the company's solutions. We are very satisfied with
Innoviz's LiDAR performance, reliability, and durability."
Omer Keilaf, Co-founder and CEO of Innoviz Technologies,
commented: "We were thrilled to see the result of Obayashi's
use of our LiDAR. This is a cutting-edge solution and a true
testimony that our LiDAR can be used in a significant number of use
cases. We believe we will see more partnerships like this come to
fruition. Additionally, we're grateful to our distributor and
partner, Macnica, for connecting us with Obayashi's innovative
team."
Innoviz is represented in Japan
by Macnica, the country's largest distribution company.
About Obayashi Corporation
Obayashi Corporation was established in 1892 and is one of the
five super general contractors in Japan. Its main business is construction,
including regional development, urban development, resource and
energy development, and environmental development, as well as civil
engineering, including research, surveying, planning, devising,
design, and supervision. The company has approximately 15,000
employees and 21 offices in 14 countries. The company has a high
level of technology backed by history and tradition, and actively
introduces new technologies. For more information on Obayashi's
autonomous solutions, please click here.
www.obayashi.co.jp
About Macnica, Inc.
Since its establishment in 1972, Macnica has been providing
leading-edge semiconductors, electronic devices, networking and
cyber security products with added technological value. In recent
years, Macnica has been developing new businesses in the fields of
AI/IoT, automated driving, and robotics, based on its traditional
strengths of global sourcing of cutting-edge technologies and
technology planning. The company is headquartered in Yokohama, Japan, and conducts global business
based on 85 offices in 23 countries around the world. For more
information, please visit Macnica's website at www.macnica.com.
About Innoviz Technologies
Innoviz is a global leader in LiDAR technology, working towards
a future with safe autonomous vehicles on the world's roads.
Innoviz's LiDAR and perception software "see" better than a human
driver and reduce the possibility of error, meeting the automotive
industry's strictest expectations for performance and safety.
Operating across the U.S., Europe,
and Asia, Innoviz has been elected
both by an internationally-recognized premium car brand for use in
consumer vehicles as well as by other commercial and industrial
leaders for a wide range of use cases. For more information, visit
www.innoviz.tech.
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Media Contact
Innoviz Technologies
Media@innoviz-tech.com
Investor Contact
Maya
Lustig
Innoviz Technologies
+972 54 677 8100
Investors@innoviz-tech.com
Macnica
Sales : sue-r@macnica.co.jp
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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SOURCE Innoviz Technologies