- Innoviz360, for automotive and non-automotive applications,
offers huge performance in a tiny package
- Innoviz360 is designed for autonomous vehicles, trucks,
shuttles, and non-automotive applications, including heavy
machinery, smart cities, logistics, construction, and
maritime
- Innoviz360 features a revolutionary 360° scanning design
with maximum 64° vertical FOV and 300m range
- Just one year after its announcement, the revolutionary
Innoviz360 will be demonstrated at the Consumer Electronics Show
(CES) in Las Vegas, Nevada,
January 5-8, 2023
TEL
AVIV, Israel, Jan. 5, 2023
/PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the
"Company" or "Innoviz"), a technology leader of high-performance
LiDAR sensors and perception software, today unveiled Innoviz360,
the newest member of the high-performance Innoviz LiDAR family.
Innoviz360 offers an improved performance with substantial cost
reduction. The Innoviz360 innovative design is based on a new
approach that overcomes existing spinning LiDAR barriers that are
limited in performance, expensive, and too large for most
applications.
The new, lightweight, Innoviz360 LiDAR features up to 1280
scanning lines per frame, configurable frame rate, 0.05°x 0.05°
resolution, and 300-meters of range. The Innooviz360 design
leverages many hardware advances from InnovizTwo, including a
single laser, detector and ASIC, and will benefit from the economic
of scale of InnovizTwo.
Innoviz360's high resolution, high vertical field of view and
reduced cost will help overcome major challenges for original
equipment manufacturers (OEMs) looking to achieve Level 4-5
automation in applications such as robotaxis, shuttles, trucks, and
delivery vehicles. It also enables autonomy in non-automotive
applications, such as heavy machinery, smart cities, logistics,
construction, maritime, and more.
"Innoviz continues to show its commitment to break through
meaningful technology barriers that allow safety in mobility," said
Omer Keilaf, Co-Founder and CEO of Innoviz. "The Innoviz360
adds another dimension to the company's growth by enabling Innoviz
to become a one-stop shop for all types of LiDAR solutions"
"It comes as no surprise that Innoviz, which is already a key
player in the automotive LiDAR market, has entered the 360 degree
spinning LiDAR market," said Mark
Fitzgerald, Director, Autonomous Vehicle Service at Strategy
Analytics – Powered by TechInsights. "There is a market
need for better-performing, lower-cost spinning LiDAR sensors, and
the early specs for Innoviz360 are strong compared to other similar
offerings."
Innoviz Product Demonstrations at CES 2023:
Innoviz will demonstrate its suite of LiDAR products at the
upcoming CES® in Las Vegas,
Nevada, from January 5-8,
2023. This will be the first opportunity for the public to
view Innoviz360's performance. The company will also demonstrate
the InnovizTwo LiDAR sensor on the show floor at booth #6553, as
well as partners' use-cases integrating the company's
first-generation InnovizOne LiDAR sensor. More on the partner
activity at Innoviz booth can be found here.
To book a demo of Innoviz LiDAR sensors, please email:
CES@innoviz-tech.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.
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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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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SOURCE Innoviz Technologies