HiRain's Convolutional Neural Network (CNN) solution using
InnovizOne LiDAR unlocks operational efficiency and port
safety
TEL
AVIV, Israel and BEIJING, Sept. 5,
2022 /PRNewswire/ -- Innoviz
Technologies (NASDAQ: INVZ), a leading provider of
high-performance, automotive-grade LiDAR sensors and perception
software, and its strategic partner HiRain Technologies, a leading
Tier 1 solutions provider for the Chinese automotive market, today
announced the deployment of InnovizOne LiDAR sensors at ports
across China, including on
HiRain's autonomous trucks and AGVs. The first deployment started
in RiZhao port, with both parties planning to expand the project to
additional ports.
Using InnovizOne LiDAR and HiRain's Convolutional Neural Network
(CNN), the combined solution is now being used at ports across
China, including on autonomous
trucks and AGVs, and for Vehicle to Anything (V2X) applications, to
improve operational efficiency, mitigate risks and enhance worker
safety. Innoviz and HiRain's sensing system is highly durable and
can detect vehicles and pedestrians, as well as infrastructure
typically found at ports with precise location, distance and size.
HiRain's fully integrated system also includes LiDAR protection,
heat radiation protection, shock absorption, noise reduction,
dustproofing and cleaning.
HiRain developed its own roadside V2X solution using InnovizOne
LiDAR. The five-in-one sensor unit monitors traffic from a bird's
eye view, collecting environmental data and sending it in real time
to a high-performance computer, which then broadcasts the data to
all surrounding trucks in order to avoid collisions.
"The global supply chain crisis is being made worse by labor
shortages and higher levels of congestion at ports in China and around the world," said Omer Keilaf,
co-founder and CEO of Innoviz. "The deployment of HiRain's
autonomous vehicle and V2X systems using InnovizOne LiDAR comes at
an especially opportune time, as it will greatly improve
efficiencies and enable 24/7 operations."
Innoviz and HiRain began working together in 2018, and HiRain
plans to integrate Innoviz's next-generation LiDAR sensor,
InnovizTwo, into its platforms, to make port operations even safer
and more efficient.
"LiDAR is one of the most critical technologies of our time and
will play an outsized role in the development of not just
autonomous vehicles, but also the infrastructure they require to
communicate with one another," said Dr. Chengjian Fan, CTO & Deputy GM of Hirain
Technologies. "We have very much enjoyed working with the Innoviz
team to bring these products to market, and look forward to
developing additional products using Innoviz's solutions."
About Beijing JingWei Hirain Technologies
Founded in 2003, HiRain focuses on providing electronic
products, R & D services and overall solutions for high-level
intelligent driving to customers in the fields of automobile and
unmanned transportation. Headquartered in Beijing, HiRain has established modern
production plants in Tianjin and
Nantong, forming a perfect R & D, production, marketing and
service system. Based on the concept of "value innovation and
serving customers", the company adheres to the strategies of
"professional focus", "technology leadership" and "platform
development", and is committed to becoming a world-class
comprehensive electronic system technology service provider, a full
stack solution supplier for intelligent networked vehicles, and a
leader in high-level intelligent driving MaaS solutions. For more
information please visit: https://www.hirain.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
selected by internationally recognized premium car brands 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
innoviz-tech.com
Join the discussion: Facebook, LinkedIn, YouTube, Twitter
Media Contact
Media@innoviz-tech.com
Investor Contact
Maya
Lustig
Innoviz Technologies
+972 54 677 8100
Investors@innoviz-tech.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 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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