- Innoviz and Exwayz are collaborating to demonstrate new
lidar-based perception solutions for various non-automotive
applications.
- Innoviz is integrating its InnovizOne LiDAR with Exwayz's
LiDAR-based plug-and-play perception software to enable precise 3D
mapping, localization and re-localization, as well as object
detection and classification.
- Exwayz will present its use-case with InnovizOne LiDAR at
the Consumer Electronics Show (CES) on January 7, 2023, 12:00pm, at Innoviz's booth #6553.
TEL
AVIV, Israel and PARIS, Jan. 4, 2023
/PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ) (the "Company"
or "Innoviz"), a technology leader of high-performance, solid-state
LiDAR sensors and perception software, announced today that it is
collaborating with Exwayz, a Parisian deep-tech company developing
real-time 3D LiDAR processing software to demonstrate new
LiDAR-based perception solutions for various non-automotive
applications.
Exwayz provides plug-and-play perception software to enable
LiDAR-based 3D mapping, localization and re-localization, as well
as object detection and classification for autonomous system
manufacturers. Innoviz's collaboration with Exwayz is intended to
add Exwayz's plug-and-play perception software to Innoviz's
existing perception software capabilities, creating a
turnkey solution for the development and demonstration of Innoviz's
LiDAR technology across a wide range of applications, including:
logistics, construction, security, and last-mile delivery services,
such as LOXO's zero-emission vehicles where Innoviz is the
LiDAR provider.
Innoviz's suite of LiDAR products enable safe autonomy by
bringing unparalleled optics, seamless design and cutting-edge
technology to market at a competitive price. Innoviz's
collaboration with Exwayz is expected to further unlock the
potential utilization of its LiDAR technology across a wide range
of global customers for near-term revenue opportunities.
"Tested using to the most rigorous automotive standards, our
LiDAR sensors are purpose-built to be rugged, affordable, and
seamlessly integrable into the autonomous vehicle designs of global
customers," said Omer Keilaf, Co-Founder and CEO of Innoviz.
"Leveraging Exwayz's customer-centric support and products, we look
forward to expanding the use of superior LiDAR-based perception
solutions across a wide range of applications."
"We're proud to work alongside Innoviz to demonstrate turnkey
LiDAR-based perception solutions for autonomous delivery vehicles
and other use-cases around the world," said Hassan Bouchiba, Co-Founder and CEO of
Exwayz. "InnovizOne is an industry-leading LiDAR solution with
impeccable resolution and range that our customers can leverage
across multiple applications to dramatically improve efficiency and
safety."
Exwayz will present its use-case with InnovizOne LiDAR at the
Consumer Electronics Show (CES) on January
7, 2023, 12:00pm, at Innoviz's
booth #6553. Additional live demonstrations of Exways' SLAM
technology with InnovizOne LiDAR sensor will be available in booth
#5400, (Business France booth). Exwayz will perform demonstrations
with InnovizOne LiDAR mounted on a cart at LVCC, as well as outside
the event hall with InnovizOne LiDAR mounted on a car. These live
demonstrations will show how Exwayz SLAM technology is able to
accurately self-localize a mobile system and build high-resolution
maps in real-time.
About Exwayz
Founded in 2021, Exwayz is a French startup currently based at
Station F in the HEC incubation program. Exwayz simplifies the
integration of 3D LiDAR sensors in autonomous systems by providing
embedded software for mobile robots. It is the first solution to
offer navigation and detection, classification and tracking of
objects and obstacles in real time. The Exwayz solution is
compatible with all 3D LiDAR sensors on the market and is adapted
to all mobile robotics use cases. It achieves unparalleled levels
of robustness and accuracy through its cutting-edge innovations in
simultaneous localization and mapping (SLAM) and 3D vision. For
more information, visit www.exwayz.fr.
Join the discussion: LinkedIn, YouTube
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
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, and the markets in which Innoviz
operates. 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 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.
Video - https://www.youtube.com/watch?v=hLvjOAYZawo
Logo -
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Media contact (Exwayz):
contact@exwayz.fr
Media contact:
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
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