- The new Munich office
provides greater collaboration and relationship-management
with key customers and partners in the region.
- With proximity to Innoviz's highly-skilled workforce, and
new test lab, the new office offers enhanced operational
capabilities.
TEL
AVIV, Israel and MUNICH,
Germany, Feb. 27, 2023 /PRNewswire/ -- Innoviz
Technologies (Nasdaq: INVZ) (the "Company" or "Innoviz"), a
technology leader of high-performance, automotive-grade LiDAR
sensors and perception software, announced today it has officially
opened a new office in Munich,
Germany. The new office offers proximity to key customers
and partners for greater collaboration and execution, as well as
for new business opportunities.
The new Munich office inhabits
sales and engineering staff and has a place for hosting meetings
and demos. Innoviz plans to hire locally as its project portfolio
is likely to continue to ramp up. With its thriving innovation
ecosystem and its many technical universities and research
institutions, Munich offers a
highly-skilled workforce and multiple collaboration opportunities
in Germany and greater
Europe.
Innoviz's new office in Munich
is equipped with a lab facility as well as a garage for test
vehicles.
"We are expanding Innoviz's operations globally, and a
Munich office is an important move
for us as we execute on our design wins with key customers such as
Volkswagen and BMW. Germany is one
of the leading automotive markets and it is a top priority for us
to maintain good relationships with our customers and continue to
grow our business in the region" said Innoviz CEO and Co-Founder
Omer Keilaf.
"While Innoviz continues to expand, the quality of our LiDAR
products and customer relationships remain a top priority," said
Innoviz Director of Program Management and the team manager
at the Munich office,
Aviv Acoca. "We look forward
to enhancing our relationships with our customers in addition to
expanding our technical capabilities with our lab and support
team."
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
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 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 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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