Partnership will combine Innoviz's high-performance
LiDAR, InnovizOne, with Outsight's processing
software solution, allowing seamless integration of 3D localization
and perception technology for smart infrastructure, vehicle and
industrial applications
PARIS and TEL AVIV,
Israel, Dec. 14, 2022 /PRNewswire/ -- Innoviz
Technologies (Nasdaq: INVZ) ("Innoviz"), a technology leader
of high-performance, solid-state LiDAR sensors and perception
software, today announced its partnership with Outsight. Outsight's
Spatial Intelligence Software, the company's unique, real-time edge
processing and cloud capability platform, offers a
plug-and-play solution for effectively integrating 3D LiDAR data
into any infrastructure, industrial or vehicle
application.
Outsight's Software, together with Innoviz's LiDAR products will
aim to facilitate and accelerate the adoption of 3D LiDAR
technology beyond the ADAS market -
- Infrastructure applications: Intelligent transportation systems
(ITS), security and people flow monitoring
- Commercial vehicle and robot applications: Construction
equipment, logistics and service
robotics
- Industrial applications: Volume measurement, industrial
equipment, safety and agriculture
Innoviz's high-performance LiDAR sensors meet the
automotive industry's strictest requirements for performance and
safety. They are purpose-built to be rugged, affordable, reliable,
power efficient, lightweight, high-performing and seamlessly
integrable, and are ideally suited to enable a wide range of
non-automotive use-cases that require mature solutions.
Outsight's Spatial Intelligence Software makes LiDAR technology
easier to use in any project, both in real-time (edge processing)
and the cloud, including essential features like LiDAR SLAM, object
detection and tracking, classification and segmentation. As a
recognized pioneer and leader of the LiDAR processing software
category and a founding member of the LiDAR Coalition, of
which Innoviz is also a founding member, Outsight's solutions
have been widely embraced in a number of markets and dozens of
different use cases throughout Europe, the United
States, Asia and the
Middle East.
"We aren't in the early days of LiDAR anymore. At that time
demonstration-level sensor prototypes and research-level algorithms
were sufficient to ignite the market and gave birth to the current
leaders in LiDAR hardware and software. Non-automotive markets that
will deploy LiDAR at scale require a whole new level of
maturity, with high-performing and reliable hardware like Innoviz's
LiDAR sensors, combined with scalable and easy to use software
solutions like Outsight's." said Raul
Bravo, President Co-Founder of Outsight. "We're glad to
be working with Innoviz on innovative offerings thanks to the
complementary technology and talent of both organizations."
"Our award-winning LiDAR technology is already being used to
monitor pedestrian safety in Los
Angeles, improve operational efficiency and safety across
shipping ports in China, automate
crane systems on construction sites in Japan and more," said Omer Keilaf,
Co-Founder and CEO of Innoviz. "We're excited to partner
with Outsight to continue to accelerate adoption of our LiDAR
technologies and power use cases also across ITS, Smart
infrastructure, smart industrial and more."
Outsight will demonstrate the collaboration with Innoviz LiDAR
during CES 2023 at Innoviz's booth #6553 during the show dates,
January 5-8, and will present the
use-case with Innoviz LiDAR on Wednesday,
January 5, 2pm, at Innoviz's
booth #6553, followed by a Q&A session.
About Outsight
Outsight develops real-time 3D LiDAR perception solutions. Our
mission is to make LiDAR-based spatial intelligence become
plug-and-play, so it can be used by application specialists in any
market. Using any LiDAR with our pre-processing capabilities allows
smart machines and smart cities to achieve an unprecedented level
of understanding of their environment. We believe that accelerating
the adoption of LiDAR technology with easy-to-use and scalable
software will highly contribute to create transformative solutions
and products that will make a smarter and safer world. For more
information, visit outsight.ai.
Media Contact - Outsight
Jean-François Kitten
+33 (0)6 11 29 30 28
jfk@outsight.tech
Avtansh Behal
+33 (0)7 69 53 08 25
a.behal@licencek.com
Anna Azarova
+33 (0)7 49 29 51 04
a.azarova@licencek.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.
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Media Contact - Innoviz Technologies
Media@innoviz-tech.com
Investor Contact (US)
Rob Moffatt
VP, Corporate Development & IR
Innoviz Technologies
+1 (203) 665-8644
Investors@innoviz-tech.com
Investor Contact (Israel)
Maya Lustig
Director, Investor Relations
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, Innoviz's forward-looking order
book, 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. "Forward-looking
order book" is the cumulative projected future sales of hardware
and perception software based on current estimates of volumes and
pricing relating to a project. Many factors could cause actual
future events, and, in the case of our forward-looking order book,
actual orders, 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 convert design wins into definitive
orders and the magnitude of such orders, 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 is not exhaustive. You should
carefully consider such risk and the other risks and uncertainties
described in Innoviz's annual report on Form 20-F filed with the
SEC on March 30, 2022 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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