Innoviz Technologies Ltd (INVZ)

[WeTheMarket]

Innoviz: LiDAR Sensors Driving Growth
Shalu Sara, Dec 16, 2021, 07:01 AM
https://www.tipranks.com/news/article/innoviz-lidar-sensors-driving-growth?utm_source=advfn.com&utm_medium=referral

Innoviz Technologies (NASDAQ:INVZ) is an Israeli technology firm that makes light detection and ranging (LiDAR) sensors for autonomous vehicles.

InnovizOne and InnovizTwo are solid-state LiDAR sensors built exclusively for automotive applications by Innoviz. They’re tough, light, and suitable with Level 3-5 self-driving cars.

In April, the firm went public through a SPAC merger in order to generate fresh funds from investors searching for innovative options in the advanced automotive sector.

Strong LiDAR Market Growth
In recent years, LiDAR technology has become a critical sensor for producers of self-driving cars and vehicles with advanced driver assist systems (ADAS), as it helps to ensure their safety.

According to a report from MarketsandMarkets, the LiDAR market is expected to grow from $1.3 billion in 2021 to $3.4 billion in 2026.


The need for LiDAR is expected to rise in the near future as more vehicles are equipped with ADAS or, possibly, autonomous highway driving capabilities.

Given the stupendous growth in this market, Innoviz is sure to gain from it.

Growth Catalysts
Innoviz’s rising presence in the LIDAR industry, bolstered by its unique product range and constant efforts to win new contracts, should act as major catalysts.

Last month, the business announced a partnership with JueFX, an AI-driven technology firm, to deploy InnovizOne LiDAR on traffic poles and bridges to monitor traffic behavior in real-time.

The latest agreement should strengthen Innoviz’s foothold in the LIDAR market.

Innoviz recently released its 3Q21 earnings, which showed a 106% rise in overall revenues from the year-ago quarter. On the cash front, the company’s cash position climbed to $324.6 million in the third quarter, up from $58.0 million in the year-ago quarter.

Aside from that, the quarterly report served as a reminder to investors that Innoviz is working hard to maintain its position as the industry’s top LiDAR provider. Indeed, the company showed continued progress on key automotive programs.

Furthermore, Innoviz CEO Omer Keilaf expressed optimism about forming additional collaborations in the future.

He said, “As the global LiDAR market moves towards the convergence on multiple programs, Innoviz is uniquely positioned to secure new design wins due to our extensive automotive experience, our growing capabilities, and our portfolio of products.”

Wall Street’s Take
Turning to Wall Street, the stock has a Strong Buy consensus rating, based on 3 unanimous Buys assigned in the past three months. Meanwhile, the average Innoviz price target of $10 implies 63.7% upside potential to current levels.

[double_m]

Which one will win?


6 Lidar Companies Are Battling for Business. One Is Trumpeting Low Costs.
By Al Root Oct. 6, 2021 10:48 am ET

Self-driving cars are coming, and most automotive insiders believe they need lidar to reach full driving autonomy. That’s caused a land rush for lidar makers, which are rushing to launch products and establish themselves in the minds of global auto makers.

One of the lidar players—Innoviz (ticker: $INVZ)—believes it can win the lidar wars by offering the lowest-cost technology.

https://www.barrons.com/articles/6-lidar-companies-are-battling-for-business-one-is-trumpeting-low-costs-51633531692

[WeTheMarket]

BMW and Stellantis join forces for Level 3 autonomous driving system
by Adrian Padeanu, December 7, 2021 / 2 minutes read
https://www.bmwblog.com/2021/12/07/bmw-stellantis-level-3-autonomous-driving-system/

The world’s fourth-largest car manufacturer, Stellantis, had its Software Day during which several announcements were made. While that might not sound of great interest to a BMW fan, a relevant piece of news emerged from the multiple plans disclosed by the automotive conglomerate and its 14 brands. The result of the merger between PSA and FCA is teaming up with the Bavarian brand to jointly work on autonomous driving technology.

STLA AutoDrive is the official name of the driving system Stellantis will use for future vehicles in which it will offer Level 2, Level 2+, and Level 3 autonomous driving capabilities. The tech will get better with time since it’s being conceived to support software revisions courtesy of over-the-air (OTA) updates.

Stellantis is also joining forces with Taiwanese multinational electronics contract manufacturer Foxconn, a company that produces everything from the iPhone to gaming consoles. There’s a good reason as to why we are bringing this up since a recent rumor indicates a BMW-based EV is coming as a result of a joint venture between Foxconn and Saudi Arabia.

At the moment of writing, BMW has not issued a press release about how collaborating with Stellantis will impact its own next-gen vehicles. The association isn’t all too surprising seeing as how the German luxury brand inked a deal with the defunct Fiat Chrysler Automobiles back in August 2017 to work on an autonomous driving platform together with Intel and Mobileye.

Meanwhile, we do know the new EVs based on the Neue Klasse platform due in 2025 will feature Qualcomm chips for automated driving. If recent reports are to be believed, the first NK model will be a 3 Series-like electric sedan.

Much like BMW is planning, Stellantis aims to create a new revenue stream by putting certain functions of a car behind a paywall. Taking that wall down via an OTA update to unlock previously unavailable features will come at a cost, either a one-time fee or a subscription. Other automakers also see great potential as far as boosting profits courtesy of updates chosen by the owner after taking delivery of the vehicle.

[Glider549]

Thanks!
Iv been comparing LIDAR companies and its not easy.

[WeTheMarket]

Cathie Wood Pulls the Trigger on These 3 “Strong Buy” Stocks
TipRanks
Fri, November 19, 2021
Link to full article

The billionaire investors stand in a league of their own. It’s not necessarily their wealth that puts them there – rather, it’s their success in the markets, in establishing themselves at the highest level of the financial world, that built their wealth. Cathie Wood, the founder and CEO of $75 billion asset manager Ark Invest, is one of Wall Street’s most influential investors due to her stock-picking power and her company's impressive returns.

Looking at the current market situation, Wood believes that "as long as we don’t fall into recession," stocks are poised for "a long bull market." It’s an interesting forecast, given that we’re currently at the top of such a long bullish trend; the S&P 500, at 4,700, stands at near all-time high. But when top investors, especially investors with Wood’s long-term level of success, talk, the market listens.

Looking to Wood for investing inspiration, we used TipRanks’ database to find out if three stocks the investing guru recently added to her fund represent compelling plays. According to the platform, the analyst community believes they do, with all of the picks earning “Strong Buy” consensus ratings. Let’s jump right in.

...

Innoviz Technologies (INVZ)

Last up is Innoviz, another tech stock – but this one has a much more hands-on approach. Innoviz is a producer of LiDAR systems for the automotive market. These advanced sensor systems (LiDAR stands for ‘light detection and ranging’) were originally developed for cartographic applications, allowing aircraft and satellites to create highly accurate topographic maps – but they have been adapted by automobile manufacturers as the ‘eyes’ of the cars, and are now a vital technology in the autonomous vehicle niche.

Innoviz’ products, InnovizOne and InnovizTwo, are solid-state LiDAR sensors specifically designed for automotive applications. They are rugged, light-weight, and are compatible with Level 3-5 autonomous vehicles. InnovizOne is on the market now, and InnovizTwo is scheduled for launch before year’s end. The products have market applications in a range of niches, from trucking to robotaxis to consumer vehicles, and even in industrial drones, sidewalk delivery tech, and heavy machinery.

The company reported its 3Q21 earnings on November 10, and since then the stock has started reversing its year-long decline. The quarterly report showed continued progress on key automotive programs. Importantly, InnovizTwo, which boasts higher performance than the InnovizOne, can now be provided directly to customers with Innoviz as a Tier 1 supplier. Engineering samples of InnovizTwo will be available before the end of this year. On the financial end, the company reported $2.1 million in total revenues, a modest sum that reflects the company’s ‘ramping up’ status – but the top line was up 106% from the year-ago quarter.

As for Cathie Wood, she was impressed enough by Innoviz to buy up 352,816 shares in the company in Q3. This stake has a current value of $2.36 million.

Wood isn’t the only INVZ fan. Covering the stock for investment banking firm Cantor, analyst Andres Sheppard takes up coverage of this stock with a bullish attitude.

“Management noted in Q3 call that they are in late stages negotiations with another large automobile manufacturer and competing only with one other supplier. We think landing this opportunity would result in significant upside," Sheppard opined.

"While management appears more focused on applying their LIDAR solutions primarily to passenger vehicles, we believe the technology could also complement other applications such as radar, traffic lights, cameras, agriculture, etc. Overall, the total market opportunity continues to be quite large (Cantor previously calculated a $4B TAM…) and we continue to believe this is conservative,” the analyst added.

To this end, Sheppard puts a $9 price target here, implying a 12-month upside of 33%, along with an Overweight (i.e. Buy) rating. (To watch Sheppard’s track record, click here)

All in all, Innoviz has a unanimous Strong Buy consensus rating based on 3 positive analyst reviews. The shares are priced at $6.8 and the $10.33 average price target suggests ~52% upside from that level.

[WeTheMarket]

Innoviz CEO discusses partnerships with Nvidia and BMW on LiDAR technology for autonomous vehicles
Thu, November 18, 2021, 2:05 PM
https://finance.yahoo.com/video/innoviz-ceo-discusses-partnerships-nvidia-190512886.html

In this article:
Innoviz CEO Omer Keilaf joins Yahoo Finance to explain the use cases for LiDAR technology and how Innoviz is contributing to technological advances.

- Innoviz Technologies, the maker of LiDAR sensors for autonomous vehicles, is fresh off a better than expected quarterly earnings report, also an upgrade this week from Goldman Sachs. Joining us now is Innoviz's CEO Omer Keilaf. Omer, good to see you again. And congratulations on the upgrade from Goldman, in which they believe your company is an attractive long-term opportunity to support not only autonomous vehicles, but also smart cities with your LiDAR solutions. Since going public in a SPAC deal about six or seven months ago, Innoviz's stock is down about 50%. Is there something investors just aren't getting here with the Innoviz story?

OMER KEILAF: Well, I think that the entire stock market is getting some difficulty, but in general, eventually, there will be spreading of the different companies. What Innoviz managed to do in the last two quarters, and I think now that we are going on track back to get the market confidence, we spent many trips to New York and meeting with investors, showing our product.

And now with evidence of additional partnerships, such as the NVIDIA last week and BMW last week on our earnings call coming along to talk about the program, the progress, and their trust in our technology, saying that our Innoviz technology is the right technology for the market, I think while autonomous driving is in the future, most of the decision-makings are going to happen now. And I think that the market is starting to see that Innoviz is getting the right votes.

- I want to ask you, sir-- thank you so much first for coming on-- I know very little about LiDAR technology, and I was actually so happy to see that you commissioned some research into how many people actually don't know about it. So for those of us who are a little, you know, not up to speed yet, please explain what exactly it is. And then what sort of other, you know, aspects does it have, and who are some of the companies that you're partnering with?

OMER KEILAF: Sure. So a LiDAR, which is the product that I'm holding here in my hand, you can see it's a very small device. The video that you see right now is giving a good representation. It's a 3D sensor, it's like a 3D camera based on a laser scanner. It allows to get a 3D understanding of the scene. You can use it in many applications, not only in automotive.

But for automotive, it's providing the car the good ability to understand the scene and drive safer. Metaverse, which is a new application that we all talk about, such as getting into virtual reality eventually, is a way to consume 3D. So LiDARs, which are allowing us to capture the world, it scans the scene and basically giving us a 3D understanding. Can be used in many ways.

Today-- and we talked earlier about the pandemic, which was interesting to me. People talk about the pandemic as a very serious problem, and obviously get us a sense of urgency to solve this problem. But if you think about accidents, car accidents that have been with us for so long, people take this issue for granted. It's like a toll that we all need to live with. But it's not the case.

The technologies that are available today, the technologies that Innoviz are providing to the market is going to solve one of the biggest problems that we just got used to. You saw the pandemic going down, and then suddenly accidents start over again. It's horrible, and I think it's something that we also should have a sense of urgency to solve.

I come from a family where my older sister went into a very serious accident. And I think that, you know, every year, you have 1.5 million people dying on the street because of car accidents. And 50 million people are dying. Using a technology that can see better than us and drive the car safely is going to be tremendous. NVIDIA partnership, which we announced last week, is a good evidence of the use of our LiDARs in the market. And we are happy to see more and more partners going in that direction.

- So I want to then just ask you again, sir, what are some of the key deals you have in place? I believe there's something in the works with BMW. And then how much demand is there for your products?

OMER KEILAF: Basically, any car maker who wants to promote L2+ ability to drive the car automatically or autonomously needs the ability to understand the scene in a better way. Eventually, the car makers see this as an opportunity to generate revenues because they can provide you chauffeur services. So there is also a motivation, financial motivation for car makers to promote it. But of course, as you know, car makers, the topic of safety is a very critical element in their branding. And therefore, it's important for them that, once they issue it, eventually it has to be very safe.

BMW is being the first in the market to provide a level three to the market among all other car makers. They chose Innoviz. As you know, BMW is a very technically strong leader. The fact that they chose us is a huge endorsement. Last week on the earnings call, they came in and talked. And as you can imagine, it's not a small, I would say, thing that BMW would decide to participate in an earnings call of one of their suppliers. But they decided to do it because they understand that it's important that people understand the importance and advantages of using our LiDAR due to the performance, but also from reliability, industrialization, and pricing, of course.

- All right, we're going to leave it there. Omer Keilaf, CEO of Innoviz, always good to see you. Thanks for stopping by.

[WeTheMarket]

Innoviz Technologies upgraded by Goldman Sachs with a new price target
4 hours ago
https://quantisnow.com/insight/2019935?s=s

Goldman Sachs upgraded Innoviz Technologies from Neutral to Buy and set a new price target of $9.00 from $7.00 previously.

[WeTheMarket]

Innoviz Technologies Reports Third Quarter 2021 Operational and Financial Results
November 10 2021 - 06:00AM, PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/86514854/innoviz-technologies-reports-third-quarter-2021-op

TEL AVIV, Israel, Nov. 10, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, today reported operational and financial results for the third quarter ended September 30, 2021. Innoviz management reaffirmed its long-term guidance, future potential order book, and provided operational updates on its commercial traction, technology leadership, and corporate development.

Commercial Traction
- Innoviz continues to make progress on key automotive programs with leading car makers and technology companies for sourcing decisions in the short- and mid-term period. The unique cost and performance proposition offered by InnovizTwo has garnered significant interest from the market.
- For certain automotive programs, Innoviz can now provide the InnovizTwo solution as a direct Tier 1 supplier. Innoviz successfully completed an extensive, 12-month Tier 1 supplier audit process conducted by one of the largest car makers in the world. Innoviz is now recognized as a direct supplier as part of the final stage of consideration for a nomination for a L2/L3 program. If received, this recognition would mark an important milestone in Innoviz's progress and establishment in the automotive space.
- Integrated its Perception Platform with NVIDIA's DRIVE AGX autonomous vehicle development platform, including the NVIDIA DRIVE ecosystem, which is used on several programs where Innoviz is interested in expanding its business. Innoviz's LiDAR sensor is also integrated with the NVIDIA DRIVE Sim.
- Selected by JueFX for its Vehicle-to-Everything (V2X) solution to improve road safety and traffic alerts for autonomous vehicles in China. JueFX will install Innoviz's high-performance, solid-state LiDAR on smart city infrastructure and leverage its annotated data to monitor traffic in real time and to send alerts to autonomous vehicles.

Technology Leadership
- On track with the industrialization of InnovizOne with the final hardware design freeze anticipated by the end of 2021. This would enable the mass production of InnovizOne at the fully automated production facility in Holly, Michigan.
- On track with InnovizTwo's new design to deliver its first engineering samples by the end of 2021.
- Expanded key automotive capabilities in-house, primarily around Automotive SPICE (Software Process Improvement and Capability), quality, supplier management, validation, and verification. Innoviz expects these capabilities to allow it to serve multiple programs in a more cost effective, comprehensive, and efficient manner.
- Migrated Innoviz's perception stack from InnovizAPP edge computing platform to the NVIDIA DRIVE AGX Platform, which is used on several programs in which Innoviz participates.

Corporate Development
- Increased employee headcount by 32 people in the third quarter, bringing the company's total employee count to 369 at quarter end. The increase in headcount was driven by the need to support potential programs and new product development.
- Approximately 70% of the company's employees consist of the research and development team.

Management Commentary
"As the global LiDAR market moves towards the convergence on multiple programs, Innoviz is uniquely positioned to secure new design wins due to our extensive automotive experience, our growing capabilities and our portfolio of products," said Omer Keilaf, CEO and co-founder of Innoviz. "Given our Tier 1 status, InnovizTwo solution, the maturity of our customer engagements as well as a growing program pipeline, we are confident in our ability to solidify our position as the leading LiDAR supplier in the automotive industry."

Third Quarter 2021 Financial Results
- Revenues for Q3 2021 were $2.1 million, an increase of 106% compared to Q2 2021, and an increase of 13% compared to Q3 2020. InnovizOne-related revenues in Q3 2021 were $1.6 million, or 79% of the total quarterly revenues, an increase of 36% compared to $1.2 million, or 66% of the total quarterly revenues, in Q3 2020. The company continues to see strong interest for its products and expects the positive momentum to continue.
- Operating expenses for Q3 2021 were $30.0 million, an increase from $16.8 million in Q3 2020. Q3 2021 operating expenses included $8.2 million of stock-based compensation. The increase in operating expenses compared to Q3 2020 was primarily due to an increase of $7.4 million of stock-based compensation and personnel-related expenses. Additionally, the company continued to invest in R&D, with R&D expenses totaling $20.6 million for Q3 2021, of which $3.7 million was attributable to stock-based compensation, compared to $14.7 million of R&D expenses incurred in Q3 2020, of which $0.6 million was attributable to stock-based compensation.
- As of September 30, 2021, the company had $139.6 million in cash and $185.0 million in short-term deposits, compared to $58.0 million in cash as of September 30, 2020. The increase in cash was related to the closing of the company's business combination transaction earlier this year.

Forward-Looking Guidance
- Innoviz management reaffirmed its forward-looking order book guidance of $2.4 billion, representing the cumulative projected future sales of hardware and perception software through 2030 based on current estimates of volumes and pricing.
- Innoviz currently has 56 prospective customers in the late stages of technical evaluation, RFIs and RFQs. Of the 56 prospective customers, nine are in the RFQ or final commercial negotiations stage. These nine prospects represent more than $3.4 billion in future potential order book volume. Innoviz expects some of these projects to materialize into contractual relationships by mid-2022.
- Given Innoviz's proven automotive experience, the value and performance of its products, the maturity of its engagements, and the scope of its relationships, the company is confident in its potential to establish market leadership.

Conference Call
Innoviz management will hold a conference call today, November 10, 2021, at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss these results. Innoviz CEO Omer Keilaf and CFO Eldar Cegla will host the call from New York City, joined by a distinguished guest from BMW. The presentation will be followed by a question-and-answer session.

A replay of the webinar will also be available shortly after the call in the Investors section of Innoviz's website for 90 days.

About Innoviz Technologies
Innoviz is a leading provider of technology that will put autonomous vehicles on roads. Innoviz's LiDAR technology can "see" better than a human driver and meets the automotive industry's strict expectations for performance, safety, and price. Selected by BMW for its fully autonomous car program, Innoviz's technology will be deployed in BMW's consumer vehicles. InnovizOne LiDAR has also been selected by a leading European Tier 1 automotive company for its shuttle program. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, SK, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech.

Media Contact: [e-mail]

Investor Contact:
Maya Lustig
Innoviz Technologies
[phone]
[e-mail]

Gateway Investor Relations
Cody Slach or Matt Glover
[phone]
[e-mail]

[WeTheMarket]

BMW 7 Series To Reach Level 3 Autonomy Next Year
Michael Taylor, Carly Schaffner, Contributor, Forbes Staff
Published: Nov 4, 2021
https://www.forbes.com/wheels/features/bmw-7-series-level-3-autonomy/

A string of legacy carmakers, led by BMW, will look to leapfrog Tesla’s “full self-driving” system next year by into Level 3 autonomous driving technology.

While Tesla is free to call its technology “full-self driving,” it’s a form of driver-assistance technology, which is meant to increase driver safety with systems like automatic emergency braking and blind spot monitoring. But the driver must always be supervising the support features.

Level 3 features go beyond providing support and can drive the car under limited conditions, according to the Society of Automotive Engineers (SAE). The caveat is that the driver must take over if the vehicle request still exists, unlike Levels 4 and 5.

BMW’s Level 3 campaign will start with its 2022 7 Series full-size sedan, which is due in North America in the second half of 2022. “Level 3 you will see from us in the 7 Series next year,” said BMW’s Director of Development Frank Weber. “It’s a function you can buy. It will be ready to go at the launch of the 7 Series.”

The higher-volume 5 Series midsize sedan and, eventually, the X5 and X7 SUVs also are slated to receive the technology, Weber said. An optional upgrade to Level 3 technology also will be available for its just-launched iX electric SUV.

“The technology stack [for the iX] is a Level 3 system,” Weber said. BMW regards a “stack” as a combination of hardware and software, right down to a computer that processes data 20 times faster than current production BMWs and input from partner Mobileye, a supplier of advanced driver assistance systems (ADAS) software, which is owned by tech giant Intel.

Europe has Level 3 Regulation, the U.S. Does Not
The warning from BMW is, though, that the U.S. doesn’t yet have comprehensive legislation that covers Level 3 cars—a fact that helped to squash Audi’s bid to be the first Level 3 automaker with its 2017 A8 full-size sedan.

The next-generation BMW 7 Series will be available in Europe with an inline-six-cylinder engine as well as a V8 and V12; diesel and plug-in hybrid options also are available. And it will be the first BMW 7 Series to come with a full battery-electric powertrain, expected to deliver 435 miles (700km) of range on Europe’s WLTP standard, with up to 600 horsepower (480kW) of power.

The difference between Audi’s earlier attempt and BMW’s 2022 effort will be that Europe finally has a set of rules to govern self-driving cars, which are very different from vehicles equipped with ADAS.

The leap between the SAE categories of Level 2 to Level 3 is a major step-change, demanding the advancement of the technology from a driver-support feature to an “automated driving feature.” Level 2 + was introduced to bridge the gap from Level 2 to 3 and shifts liability from the driver to the system.

Europe’s Autonomous Car legislation insists the automaker (or its insurance underwriters) take legal liability for any crashes occurring while its cars are operating in Level 3 mode.

Level 3 also requires safe hands-free driving on divided highways, which Tesla tells its drivers not to do because it admits to authorities that the “full self-driving” system isn’t designed for it.

Tesla’s so-called full self-driving mode is not meant to be used as a hand-free feature. It’s a Level 2+ driver support technology that helps reduce driver fatigue in traffic and makes long stints on the road more comfortable. Tesla

Don’t Expect Many Level 3 Cars Soon
But even though Europe finally has a regulation to govern autonomous cars, Weber said not to expect car companies to certify Level 3 status with new model launches. “In the next years you will not see a single launch where somebody says here’s my car and it’s Level 3,” he said.

“It takes 435 million miles simulated and in real life to say [that] our system drives safer than a human driver,” Weber said. “When you have the vehicle introduction, with a stable product it takes at least a year to finalize Level 3.”

The EU has also taken a dim view of car companies trying to sneak in Level 3 claims for Level 2 assistance systems and has already forced Tesla to cull features like full self-driving and “Summon,” from its driver-assistance systems. (The Summon feature allows owners to remotely “summon” their Tesla vehicle in and out of a parking spot.)

“The European legislators are looking at how much autonomy to allow,” Weber said. “They are very skeptical with Level 2+ functions, therefore they’re not allowed at the moment and there are no regulations for Level 2+ in Europe.

2019 Audi A8
When Audi launched its A8 full-size sedan it was equipped with Traffic Jam Assist, a technology that claimed hands-free driving capabilities, but it eventually ditched the feature after grappling with regulation

The Level 2+ Grey Area
Level 2+, also referred to as enhanced ADAS, can be seen in features like General Motor’s SuperCruise, which allows hand-free driving on 200,000 miles of pre-mapped highway across the U.S. Ford has a similar system called BlueCruise and extends to 100,000 miles of highway.

But it’s a grey area when the car appears to suggest it’s autonomous when it isn’t. Audi launched its A8 with much fanfare in 2017, insisting its suite of LiDar, radar, camera and ultrasonic sensors gave it unprecedented detection abilities in its Traffic Jam Assist system.

The system exists today but is essentially a version of adaptive cruise control that maintains the cruising speed of the vehicle ahead while keeping a safe distance, keeps the car centered in its lane and can slow to a stop and restart again if the pause isn’t too long. But it only works with the driver’s hands on the wheel.

In 2017, Audi billed the system as “AI Traffic Jam Assist” and told drivers they could let the car do all the work. Audi was prepared to assume legal liability for the system, which steered, accelerated and braked itself on divided highways at up to 37mph, but it was forced to geofence it even in Europe and it all became too disjointed to manage. Audi finally gave up when it found itself waiting for regulations in all major markets to catch up to it, admitting there were too many gray areas in the global regulations to securely launch it.

BMW’s all-new iX electric crossover is a Level 2+ system, though it runs a similar technology stack to the upcoming 7 Series and uses radar, self-cleaning camera, ultrasonic and driver-monitoring sensors and runs HERE mapping and is 5G-capable.

It uses an eight-megapixel front camera to identify pedestrians, other vehicles and traffic signs, while the front radar reaches 330 yards in front of the car. It has five cameras, five radar sensors and 12 ultrasonic sensors, but the upcoming 7 Series promises even more, including LiDar.

With specific customer consent, BMW even sends sensor data from the iX’s critical driving scenarios back through the cloud to BMW’s backend for analysis to try to improve the systems.

2022 BMW 7 Series
BMW development chief says reaching Level 3 autonomy will be tough for automakers and regulators, and it’s likely Level++ will come next. BMW
Stepping Up to Level 3

While the U.S. and China go their own ways, the EU’s automotive legislation is invariably adopted by Japan, South Africa, Australia and other significant markets.

“Human error is involved in about 95% of all road traffic accidents in the EU, and in 2017 alone, 25,300 people died on the Union’s roads,” the European Parliament explained in 2019. “Mobility can also be improved, for example by opening up road transport to the elderly and those with reduced mobility or disabilities.”

The European Commission’s rules are the only agreed regulations for driving autonomy levels in the world, and they’re as complicated, forcing companies to spend fortunes meeting them or, in Tesla’s case, winding back features in Europe that are already sold in the U.S.

The car industry is relieved that someone finally has a set of binding rules, but that doesn’t mean meeting them will be easy, nor will the step from Level 2+ to Level 3. And meeting Level 4 standards is a whole world more difficult again.

[WeTheMarket]

Innoviz Perception Solution Supported on NVIDIA DRIVE Platform
November 09 2021 - 04:30AM, PR Newswire (US)
https://www.prnewswire.com/news-releases/innoviz-perception-solution-supported-on-nvidia-drive-platform-301419414.html

TEL AVIV, Israel, Nov. 9, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a leading provider of high-performance, solid-state LiDAR sensors and perception software, announced its advanced perception solution is now supported on the NVIDIA DRIVE platform.

NVIDIA DRIVE is an open, scalable, software-defined, end-to-end AI platform for the transportation industry to build upon.

As a member of the NVIDIA DRIVE ecosystem, Innoviz's perception software enables object detection, tracking, and classification, as well as obstacle detection and ongoing calibrations based on Innoviz's LiDAR point cloud data. The perception software complements Innoviz's automotive-grade LiDAR sensor and provides the ability for an in-depth understanding of any 3D driving scene.

In addition, Innoviz's LiDAR sensor is also integrated with NVIDIA DRIVE Sim, an end-to-end, physically accurate simulation platform for development and validation of autonomous vehicles (AVs). Innoviz connects via DRIVE Sim's RTX-Sensor application programming interface (API) to a real-time sensor module using a solid-state scanning pattern. DRIVE Sim is powered by NVIDIA Omniverse, which uses real-time ray tracing to generate return signals for the Innoviz sensor model. With Innoviz's integration, the DRIVE Sim output allows for an approximation of the sensor output in each scene, leading to a point cloud generation for further annotation and training.

For a video simulation, please click on this link: Embedded DRIVE Sim video

Innoviz's Point Cloud API, as provided in GitHub, is being ported to an ARM64 base and the NVIDIA DRIVE platform—and will be available to the developer community by November 2021.

"Our collaboration with NVIDIA allows customer access to Innoviz's leading LiDAR solutions," said Oren Rosenzweig, Chief Business Officer and Co-Founder of Innoviz. "Our participation as an ecosystem partner marks another major step in our mission to integrate LiDAR with the most prominent software and driving infrastructure in the world."

Rammy Bahalul, Director of Autonomous Machines and Vehicles at NVIDIA, commented: "With Innoviz technology in the NVIDIA DRIVE ecosystem, customers can accelerate their AV development and deployment by tapping into automotive-grade, high-performance, solid-state LiDAR for their specific development requirements."

About Innoviz Technologies
Innoviz is a leading provider of technology that will put autonomous vehicles on roads. Innoviz's LiDAR technology can "see" better than a human driver and meets the automotive industry's strict expectations for performance, safety and price. Selected by BMW for its fully autonomous car program, Innoviz's technology will be deployed in BMW's consumer vehicles. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech.

Contact Information
[e-mail]

[WeTheMarket]

From Omer David Keilaf (CEO and Co-Founder at Innoviz Technologies) Linkedin page https://www.linkedin.com/posts/omer-david-keilaf-53714b1_innoviz-innovative-technology-activity-6863431930298306560-kcZg/

[WeTheMarket]

Innoviz LiDAR Selected for JueFX's Vehicle-to-Everything (V2X) Solution to Improve Road Safety and Traffic Alerts for Autonomous Vehicles in China
November 03 2021 - 07:00AM, PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/86446730/innoviz-lidar-selected-for-juefxs-vehicle-to-every

TEL AVIV, Israel and BEIJING, Nov. 3, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a leading provider of high-performance, solid-state LiDAR sensors and perception software, today announced its collaboration with JueFX, an innovative AI-driven technology company focusing on developing LBS data engine and offering on-board applications for autonomous driving. JueFX intends to install InnovizOne LiDAR on traffic poles and bridges to monitor traffic activity in real time. JueFX's V2X technology will then share the data with autonomous vehicles on roads for improved road safety and traffic efficiency.

JueFX's solutions are focused on the digitalization of road scenes. The company's solutions enable the integration of real-time sensor data with environmental data, combining road data and computing engine to form a rich data and decision platform. Through the combination of road data and edge computing, JueFX provides high reliability and high safety autonomous driving solutions for intelligent mobility. Utilizing Innoviz's solid-state LiDAR sensor as its primary sensor, JueFX will install the InnovizOne onto traffic poles to monitor the traffic in real time.

"We are excited to expand our technology collaboration with JueFX, the current market leader in V2X-enabled cars, and integrate our high-resolution, solid-state LiDAR technology into their vehicle-to-everything solutions," said Omer Keilaf, CEO and Co-Founder of Innoviz. "LiDAR is well-known for its ability to enable safe automated and autonomous driving, however, attention is now being given to how it can improve V2X solutions - the missing piece of the autonomous driving puzzle. To create safer roads, autonomous vehicles need to be able to identify, categorize and react to objects in their path as well as anticipate blind spots and what's to come."

Some examples of road conditions that may be improved by the combination of high-resolution InnovizOne LiDAR data and JueFX's V2X solution include:
- Sensors placed on roads can report in real time on obstacles that are out of the line of sight of a vehicle. For example, pedestrians or bicyclists behind buildings or vehicles that are moving towards the road and are about to cross the road.
- Sensors placed on road poles can report that a car or truck is merging onto the road from a side road or beyond a curve in the road, and alert other vehicles on the road to the emerging vehicle.
- Traffic jams can be reported, and vehicles re-routed, in real time.
- Temporary road construction barriers, and other obstacles such as tires, pallets, overturned motorbikes, potholes and other bumps in the road can be reported to vehicles traveling that road in real time, allowing those vehicles time to slow down, adjust their suspension, or re-route.

Andy Lee, CEO of JueFX, said: "With the arrival of the era of intelligent transportation and vehicle road coordination in China, fusion perception technology will become one of the most important competitive advantages for autonomous driving players. Our goal is to link industries through our data platform and build a broad alliance to empower multi-scene autonomous driving. InnovizOne was selected due to its outstanding performance and high automotive-grade specifications, as well as other rich features, which enable us to create the world's best sensor fusion and empower our perception algorithm to an unprecedented level. We look forward to working with Innoviz to improve the efficiency and safety of our solutions."

The key customers for the roadside data and HD maps created by JueFX's platform are vehicle manufacturers making highly-automated and autonomous vehicles. In China, this market is proliferating quickly, and shows no signs of slowing down, as many automotive original equipment manufacturers (OEMs) plan to release new cars and trucks with autonomous features. According to Berg Insight, the number of vehicles with V2X capabilities on the roads will grow to 35.1 million by 2025, mainly represented by China due to its regulatory mandates and policy support. Innoviz will benefit from being involved in this lucrative market.

About Innoviz Technologies
Innoviz is a leading provider of technology that will put autonomous vehicles on roads. Innoviz's LiDAR technology can "see" better than a human driver and meets the automotive industry's strict expectations for performance, safety, and price. Selected by BMW for its fully autonomous car program, Innoviz's technology will be deployed in BMW's consumer vehicles. InnovizOne LiDAR has also been selected by a leading European Tier1 automotive company for its shuttle program. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, SK, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech.

About JueFX
JueFX Technology is an innovative technology company focusing on intelligent driving AI technology and is the pioneer and leader of China's vehicle-road coordination technology. Focusing on the digitalization of road scenes, the core technology of JueFX is to integrate real-time sensor data with environmental, experiential, and knowledge data, to form a high precision-based platform for autonomous driving companies. Through the combination of on-board solution and roadside edge computing, JueFX enables leading autonomous driving solutions with high reliability, high safety, and low power consumption, and hopes to become the leading "Data Engine" of the intelligent mobility era. For more information, visit www.juefx.com.

[WeTheMarket]

Video of interview with Omer Keilaf, CEO and Co-Founder of Innoviz Technologies, posted Oct 28, 2021

[WeTheMarket]

Lidar comparison chart 10/17/2021 https://www.reddit.com/r/MVIS/comments/qa4m7h/lidar_comparison_chart_as_of_10172021/

[WeTheMarket]

Top 10 Lidar Companies to Watch out for in 2021
August 3, 2021, by Henry John
https://www.ai4beginners.com/lidar-companies-self-driving-car-sensor-manufacturers/

LIDAR is one of the three major autonomous vehicle sensors. The technology has enabled self-driving cars to see more details than they would normal detect on radars and cameras.

For this reason major self-driving car companies including Google’s Waymo are employing LIDAR technology in their driverless car development.

It’s no wonder the LIDAR market was valued at $1.1 billion in 2019 by Grand View Research and is expected to grow at 13.4% over the next seven years.

Self-driving car sensors like LIDAR are highly valuable to the development of autonomous cars and this can’t be overstressed. With driverless cars expected to roll out by or before 2025, the market demand for LIDAR technology is surging as expected.

And here are the companies developing and supplying LIDAR technology today:

1. Velodyne LiDAR
Velodyne LiDAR is a technology company that manufactures sensor products and real-time LiDAR sensors. It offers light detection and ranging scanners.

The company evolved after founder/inventor David Hall developed the HDL-64 Solid-State Hybrid LiDAR sensor in 2005. Since then, Velodyne LiDAR has emerged as the leading developer, manufacturer, and supplier of 3D real-time perception systems used in a variety of commercial applications including autonomous vehicles, vehicle safety systems, 3D mobile mapping, 3D aerial mapping, and security.

David Hall founded Velodyne LiDAR in 2007. Its headquarters is in Morgan Hill in California.

Find out more on Crunchbase

2. Luminar
Luminar is an autonomous vehicle sensor and software company with the vision to power every autonomous vehicle by delivering the only LiDAR capable of making them both safe and ubiquitous. Founded in 2012, Luminar is a 350-person team across Palo Alto, Orlando and Colorado Springs, and has raised more than $250M from prominent venture funds. Today, 12 of the world’s top 15 automotive companies are working with Luminar’s breakthrough technology as part of their global autonomous development programs, including Volvo Cars, Toyota Research Institute, and VW/Audi’s subsidiary, AID.

Find out more on Crunchbase

3. AEye
AEye develops advanced vision hardware, software, and algorithms that act as the eyes and visual cortex of autonomous vehicles. Since the demonstration of its solid-state LiDAR scanner, AEye has pioneered breakthroughs in intelligent sensing.

Founded in 2013 by Luis Dussan, Ransom Wuller, and Barry Behnken, AEye is headquartered in Dublin, California.

Find out more on Crunchbase

4. Ouster
Ouster builds high-resolution lidar sensors for use in autonomous vehicles, robotics, and many other applications. Using its unique multi-beam flash lidar design, Ouster brings Moore’s Law to lidar with an all-semiconductor approach to 3D sensing. Ouster is a privately held, venture backed company located in San Francisco, California.

Find out more on Crunchbase

5. Baraja
Baraja is a 3D machine vision systems manufacturer. It has invented a new type of LiDAR called Spectrum-Scan which delivers the highest performance available to address the challenge of self-driving cars.

Baraja is a rapidly growing start-up, with a revolutionary LiDAR for self-driving vehicles. The company is based in Sydney, Australia, with offices in China and the USA. It is quickly expanding worldwide, hiring through Europe and Asia, closely collaborating with car manufacturers to iterate and refine its vision of what LiDAR needs to be.

Find out more on Crunchbase

6. Quanergy Systems
Quanergy Systems is a Silicon-Valley-based technology company offering smart sensing solutions. It is the leading provider of time-of-flight LiDAR sensors and perception software for real-time capture and processing of 3D spatial data and object detection, identification, classification and tracking. Its sensors are disruptive in price, performance, reliability, size, weight, and power, while meeting the mass deployment requirement of being solid state.

Its solutions are applicable in numerous sectors including transportation, 3D HD mapping, surveying, localization, navigation, aeronautics, mining, agriculture, drones, robotics, industrial automation, security, smart spaces and 3D-aware smart devices, delivering improved safety, efficiency and quality of life.

Find out more on Crunchbase

7. Innoviz Technologies
Innoviz is a leading manufacturer of high-performance, solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles. InnovizPro is a solid-state LiDAR that offers outstanding performance and value for automotive and other applications. InnovizOne is a cutting-edge, automotive-grade LiDAR sensor that provides superior 3D sensing for Level 3-Level 5 autonomous driving. Innoviz is backed by top-tier strategic partners and investors, including Magna International, Samsung, Aptiv, Magma Venture Partners, Vertex Ventures, SoftBank Ventures Asia, China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), 360 Capital Partners, Glory Ventures, Naver, Shenzhen Capital Group, New Alliance Capital, Harel Insurance Investments and Financial Services, Phoenix Insurance Company and others.

Find out more on Crunchbase

8. Aeva
Aeva develops a new sensing & perception paradigm for autonomous machines. Its technology brings together the best of vision, depth, and motion sensors into a single product with superior performance.

Compared to today’s best in class, it provides greater range and resolution across weather conditions and a new dimension to precisely measure velocity of every pixel in the scene.

Founded in 2016, Aeva is based in Mountain View, California.

Find out more on Crunchbase

9. Cepton Technologies
Cepton Technologies is an electrical and electronics company that provides 3D sensing solutions designed for LiDAR products for automotive, industrial, and mapping markets. It specializes in industrial robotics, security, 3D perception, and sensors.

The company was founded in 2016 and headquartered in San Jose, California.

Find out more on Crunchbase

10. Sense Photonics
Sense Photonics is an RTP high technology company that enables reliable, modular, and configurable 3D sensing. The company produces advanced LiDAR and 3D sensor solutions for an autonomous vehicles, robotics, and industrial automation markets. Their core technology protected by over 200 patents enables a simple, high-performance, solid-state solution with no moving parts that can uniquely meet the rigorous performance, reliability and cost requirements for automotive and industrial applications.

Sense Photonics was founded in 2016 and is based in San Francisco, California, United States.

Find out more on Crunchbase

[WeTheMarket]

It's time to buy the dip on the LiDAR stocks
by CONCERNS OF THE FUTURE 23 days ago in STOCKS
https://vocal.media/trader/it-s-time-to-buy-the-dip-on-the-li-dar-stocks

LiDAR stocks were once the hype; then people dumped them and they're now trading at attractive entry prices.

*This article isn't financial advice. All content should be considered opinionated. We are not responsible for any gains & losses. Please see a financial advisor before making any investment decisions.

Recently, Waymo expanded its robotaxi service to San Francisco. This comes after many years of Waymo testing its vehicles in closed courses and then started offering service in Phoenix a few years ago.

Waymo's closest competitor, Cruise (a majority-owned autonomous vehicle subsidiary of General Motors), has been doing testing in SF for the past few years. While Cruise has yet to start offering robotaxi service, GM has announced that they will produce their driverless shuttle called the Origin.

In June of last year, Amazon acquired self-driving startup Zoox for $1.2 billion. Argo AI, the autonomous vehicle technology startup backed by Ford and VW, is offering rides using autonomous vehicles in California using Lyft's rideshare platform.

For Tesla, they've been offering their autopilot software as a subscription service. Elon Musk has said that Tesla's robotaxi network is key to the company's massive valuation.

The overall theme is that for the past few years, investment in self-driving technology has accelerated and we're closer to a world where robotaxis roam our roads and take us from Point A to Point B.

What is LiDAR?
LiDAR is a remote sensing technology that uses a pulsed laser beam to measure distances. In the field of autonomous driving, the only company that isn't using LiDAR (until lately) is Tesla.

In a tweet, someone in Palm Beach, Florida spotted a Tesla Model Y equipped with LiDAR. Since it had a California manufacturing license plate, it's assumed that Tesla is now using LiDAR. Tesla was reported to have partnered with LiDAR manufacturer Lunimar, according to Bloomberg, but the exact details of the partnerships are unknown.

The only thing we do know about the partnership is that Luminar sold LiDAR equipment to Tesla, but that's about it. Also, it's unlikely that Tesla will consider using LiDAR considering the many complications that come with deploying LiDAR.

Furthermore, the cost of LiDAR is enormous. By some accounts, LiDAR equipment could cost as much as $75,000. However, by mass producing LiDAR equipment, experts believe that the cost of LiDAR equipment will decrease significantly. Reuters reported that Velodyne plans on selling its LiDAR equipment below $500. Luminar, another LiDAR manufacturer, also plans on pricing its LiDAR equipment at around $500. Waymo is also considering selling LiDAR sensors to businesses outside of the self-driving industry.

Back in the day, LiDAR costs were so expensive that Google decided to acquire Waymo and General Motors decided to acquire Cruise. By producing the equipment on a massive scale, they were able to drive down the cost of production by reapin the benefits of economies of scale.

With that, as the automotive world looks to implement LiDAR equipment into their vehicles to make them capable of self-driving, the demand for LiDAR equipment will surge. With that surge in demand, the LiDAR manufactuers will see a lot of business and will be reaping huge profits. Right now, the industry is young but like the electric vehicle industry, this industry is also positioned to boom big time.

Whether we're talking about Luminar, Velodyne, Innoviz, Ouster, Aeva, or MicroVision, the LiDAR startups of today will be LiDAR giants in the future. In my humble opinion, out of all the names I've mentioned in this paragraph, I'm more skeptical about MicroVision than the rest and I like Luminar the most out of the rest but at the same time, I can see all of them thriving as a whole.

Also, while the LiDAR equipment might take away from the appeal of the car, the industry is looking to add sleeker design and is also looking to make them smaller so that they look less noticable on the vehicles.

As various federal and state government agencies look to approve the operations of robotaxi networks in various parts of the world, we will be seeing companies like Waymo and Cruise reporting their first profit in their operating history after many years of R&D and patience in developing a functioning robotaxi fleet.

Once we start seeing robotaxis becoming functional, we will then see trucks driving autonomously. Autonomous trucks will help alleviate the truck driver shortage and at the same time, we will start seeing our supply chains becoming more efficient than ever.

People will be concerned that robotaxis and autonomous trucks will remove many jobs and many side hustle opportunities. At the same time, our law enforcement agencies as well as our goverment officials will be glad to see that we are having fewer fatalities on our roads and our economy is operating more efficiently.

As for investors that are concerned about whether the boom in LiDAR equipment is sustainable or not, it's important to note that in the future, for every new vehicle that is built, it needs LiDAR equipment. With that, the LiDAR equipment manufacturers are positioned to see a ton of recurring sales in the future, as long as car companies continue to produce newer cars.

In the meantime, invest wisely!

[WeTheMarket]

Innoviz Technologies Sets September 2021 Conference Schedule and Corporate Open House for October 6th
September 09 2021 - 07:00AM, PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/86015108/innoviz-technologies-sets-september-2021-conferenc

TEL AVIV, Israel, Sept. 9, 2021 /PRNewswire/ -- Innoviz Technologies, a technology leader of high-performance, solid-state LiDAR sensors and perception software, today announced its financial conference schedule for September 2021 and open house on October 6th, 2021 at its corporate headquarters in Rosh Ha'Ayin, Israel.

Cowen Global Transportation and Sustainable Mobility Conference
Fireside Chat Presentation on Friday, September 10 at 8:40 a.m. Eastern time
Webcast: Link

Citi Small/Mid-Cap & Growth Conference
One-on-one meetings on Friday, September 17

Evercore ISI AutoTech & AI Forum
Fireside Chat Presentation on Wednesday, September 22 at 1:15 p.m. Eastern Time
Webcast: Link

Jefferies Israel Innovation Summit
Fireside Chat Presentation on Thursday, September 30 at 2:40 p.m. Eastern time
Webcast: Link

To schedule a one-on-one meeting or receive additional information, please contact your conference representative or Innoviz's investor relations team at [e-mail].

Corporate Open House

Innoviz will host an open house for investors at its corporate headquarters in Rosh Ha'Ayin, Israel on Wednesday, October 6, 2021 from 9:00am to 12:00pm Israel time. Attendees will have an opportunity to meet management, demo Innoviz's state-of-the-art LiDAR technology, tour the company's innovation garage and participate in a demo ride. To attend the in-person event, please RSVP by emailing Maya Lustig at [e-mail].

About Innoviz Technologies

Innoviz is a leading provider of technology that will put autonomous vehicles on roads. Innoviz's LiDAR technology can "see" better than a human driver and meets the automotive industry's strict expectations for performance, safety and price. Selected by BMW for its fully autonomous car program, Innoviz's technology will be deployed in BMW's consumer vehicles. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech.

Join the discussion: Facebook, LinkedIn, YouTube, Twitter

Innoviz Technologies
[e-mail]

[WeTheMarket]

Innoviz Technologies to Demonstrate High-Performance LiDAR Technology at IAA MOBILITY Show in Munich
September 07 2021 - 02:00AM, PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/85992309/innoviz-technologies-to-demonstrate-high-performan

TEL AVIV, Israel, Sept. 7, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a leading provider of high-performance, solid-state LiDAR sensors and perception software, will demonstrate its state-of-the-art LiDAR technology at the IAA MOBILITY 2021 show being held September 7-12, 2021 in Munich, Germany. This year's exhibition demonstrates new cutting-edge mobility solutions with a focus on the future of mobility.

InnovizOne, Automotive-Grade Solid-State LiDAR

IAA MOBILITY expects to have over 1,000 exhibitors and speakers presenting innovations and concepts for the future of transportation. Innoviz will conduct a live demonstration of the InnovizOne, BMW's LiDAR of choice, in its booth during all show days. Innoviz's partners OSRAM and Webasto will be demonstrating the InnovizOne to select OEM customers. Webasto will present its Roof Sensor Module (RSM) in IAA, including two InnoivzOne units in two of its corners.

InnovizOne is a solid-state LiDAR sensor designed for automakers, robotaxis, shuttles and delivery companies requiring an automotive-grade, mass-production solution. Innoviz's next-generation, high-performance automotive-grade LiDAR sensor, which was announced earlier this year, offers a full-featured solution for all levels of autonomous driving and includes embedded perception software.

"Innoviz is looking forward to showcasing InnovizOne at its booth at the IAA Mobility 2021 show as well as with our partners, OSRAM and Webasto," said Omer Keilaf, CEO and Co-Founder of Innoviz. "This show provides us with the opportunity to conduct a live demonstration of our LiDAR technology live in our booth, allowing visitors to experience the technology that will not only revolutionize automotive transportation, but also save millions of lives every year."

Live demos of InnovizOne at IAA MOBILITY Show:

Innoviz's booth: B2 A414

OSRAM's booth: B2 C71 During selected times. Please check with the Innoviz team.

Webasto's Roof Sensor Module (RSM) presentation: to selected OEM customers

About Innoviz Technologies

Innoviz is a leading provider of technology that will put autonomous vehicles on roads. Innoviz's LiDAR technology can "see" better than a human driver and meets the automotive industry's strict expectations for performance, safety, and price. Selected by BMW for its fully autonomous car program, Innoviz's technology will be deployed in BMW's consumer vehicles. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech.

Join the discussion: Facebook, LinkedIn, YouTube, Twitter

Innoviz Technologies
Contact Information
[e-mail]

[WeTheMarket]

Lidar Makers Target Proactive Safety As Automated Driving Remains On The Horizon
Sep 2, 2021, by Sam Abuelsamid
https://www.forbes.com/sites/samabuelsamid/2021/09/02/lidar-makers-target-proactive-safety-as-automated-driving-remains-on-the-horizon/?sh=3fe8b2891b15

So-called advanced driver assistance systems (ADAS) could prove to be the real beneficiary as widespread adoption of robotaxis and other automated vehicles (AVs) remain stuck in small scale pilot programs around the world. While engineers continue to work on AVs and the supporting technologies to remove the human driver, those bits and pieces are finding their way into the vehicles we will be buying in the coming years. At next week’s IAA Mobility show in Munich, Germany, Luminar will be demonstrating how its high-performance lidar sensors can be utilized for ADAS to make roads safer.

There are already several vehicles going on sale this year that are utilizing lidar sensors for ADAS with more expected in 2022 and beyond. Honda is selling a limited number Legend sedans in Japan with a level 3 conditionally automated system that utilized five Valeo Scala lidar sensors. Mercedes-Benz is also using one of those sensors for its L3 Drive Pilot on the new S-Class and EQS launching later this year in Germany while Xpeng’s new P5 sedan uses a pair of Livox sensors and Toyota is using a Denso lidar on its hands-free Teammate system.

However, all of those L2 and L3 systems that allow the driver take their hands off the steering wheel under certain driving conditions are actually convenience features rather than strictly focused on enhancing safety. Luminar’s focus is on the latter as CEO Austin Russell has been promoting the concept of proactive safety. Unlike airbags and seatbelts that are reactive by helping to protect vehicle occupants after an impact, proactive safety involves trying to prevent crashes in the first place.

Early active safety systems included anti-lock brakes, traction control and stability control, all of which were designed to help the driver maintain control and make the vehicle respond in the way the driver intended. Those systems had limited ability to perceive the environment using wheel speed sensors, accelerometers, yaw rate and other data about what the driver was requesting and how the vehicle was responding to the road conditions.

[WeTheMarket]

Innoviz Technologies Reports 2021 Second Quarter Financial Results
August 11 2021 - 06:00AM, PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/85805848/innoviz-technologies-reports-2021-second-quarter-f

TEL AVIV, Israel, Aug. 11, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, today reports financial results for the second quarter ended June 30, 2021. Innoviz reaffirms its previously announced long-term guidance, increases its order book potential wins, and provides operational updates on commercial traction, technology leadership and corporate development.

Commercial Traction

- Significant progress and high performance in the company's global business generation strategy with prospects and potential customers, facilitated by its research and development teams.
- Realized continued momentum from the shuttle program design win continued and we aim to increase our volume through additional orders in the near future.
- Won an advanced development project with a European autonomous truck company, which provides for Innoviz to equip the customer's 2021 fleet with Innoviz technology. Innoviz believes it is well-positioned to pursue multi-year contracts after the testing phase is complete.
- Secured four new technical partnerships that expanded the company's presence in Asia:
1. Edom - One of Asia's largest electronics and semiconductor distributors will seek to drive sales and enhance support initiatives for Innoviz's LiDAR solutions in the Greater China region.
2. Whale Dynamic - China based full stack L4 autonomous driving company. Their platform will utilize InnovizOne LIDARs, replacing previous generation Innoviz LiDAR, as its primary sensors with the goal of creating the world's best sensor fusion design.
3. SpringCloud - Korea based B2B Autonomous Mobility as a Service (MaaS) provider, with a platform conducting autonomous driving data analysis and perception validation. SpringCloud will distribute Innoviz products in Korea across multiple sectors.
4. Curium – Singapore based autonomous driving platform provider focused on the calibration and integration of LIDARs and other sensors for autonomous driving that will promote Innoviz LiDAR in the region.

Technology Leadership

- Completed several design cycles and are on the verge of freezing the hardware design for InnovizOne. Innoviz believes it is among the first in the industry to reach this milestone and is seeing strong traction for the product.
- Developed early samples of InnovizOne+, an enhanced version of InnovizOne that features components developed for InnovizTwo extending the range and resolution.
- Completed optical design of InnovizTwo, the company's top-of-the-line LIDAR that uses a single laser and detector, advanced packaging and electronic design at a 70% material cost reduction compared to InnovizOne.
- Surpassed one million object annotations within Innoviz's automotive perception platform, InnovizAPP. The platform is installed in test vehicles in three continents (Asia, Europe and North America) and is accelerating timelines for consumer autonomous vehicle (AV) programs.

Corporate Development

- Increased employee headcount by 29 people in the quarter, bringing the company's total employee headcount to 337 at quarter end. Approximately 70% of the company's talent base consists of the research and development team.

"We are making remarkable progress in global business development in parallel with advancing our technical standards," said Omer Keilaf, CEO & Co-Founder of Innoviz. "I am proud of our research and development teams that are working day and night with our prospects and potential customers on adapting and finetuning the performance, computer vision, safety and comfort features, mechanical and software integrations, as well as quality and design validations of our LiDARs for a variety of use cases."

"We are humbled to have received so much positive feedback from multiple customers and technical partners. Our success is largely attributed to our R&D team as they are the driving force behind these technology advancements. As the world reopens, we are truly looking forward to meeting our customers, prospects, partners and investors in person."

Second Quarter 2021 Financial Results

Revenues for Q2 2021 were $1.0 million, an increase of 38% compared to Q1 2021. InnovizOne-related revenues in Q2 2021 increased by 29% to $991 thousands, or 98% of revenues, compared to $766 thousands, or 76% of revenues, in Q2 2020. The company continues to see strong demand for its products and expects the positive momentum to continue.

Operating expenses for Q2 2021 were $70.7 million, an increase from $13.5 million in Q2 2020. The $70.7 million of operating expenses included $49.9 million of stock-based compensation as well as $1.8 million of issuance costs. The increase in operating expenses was primarily due to $47.2 million attributable to stock-based compensation granted as part of the SPAC business combination, which closed in Q2 2021. Additionally, the company continued to invest heavily in R&D, with R&D expenses totaling $32.1 million, of which $17.6 million was attributable to stock-based compensation, compared to $11.5 million of R&D expenses incurred in Q2 2020, of which $0.5 million was attributable to stock-based compensation.

As of June 30, 2021 the company had $156.4 million in cash and $195.0 million in short-term deposits, compared to $199.1 million in cash and no short-term deposits as of March 31, 2021. The increase in cash was related to the closing of the company's SPAC business combination transaction and will support the company's capital resource needs in the coming years.

[WeTheMarket]

Innoviz Technologies Partners with Leading Autonomous System Provider Curium to Enable a Safe Vehicle Calibration Experience in Southeast Asia
August 10 2021 - 07:00AM
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/85795843/innoviz-technologies-partners-with-leading-autonom

TEL AVIV, Israel and SINGAPORE, Aug. 10, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a leading provider of high-performance, solid-state LiDAR sensors and perception software, has formed a partnership with Curium, a leading developer of automated calibration services for Autonomous Systems.

Curium’s co-founding team next to their car equipped with an InnovizOne and a camera

Curium's automated calibration software ensures that the vehicle's sensor suite is working as it should, even under dynamically changing conditions. This is a critical problem to solve, as sensors which are out of adjustment can lead to mis-detections and accidents.

Through the partnership agreement, Curium will apply its patented calibration techniques to its advanced driving system using the advanced capabilities of Innoviz's solid-state LiDAR sensor. Curium's solution actually simplifies the integration of the InnovizOne Lidar into any vehicle, as well as the installation of the sensor in the production stage.

Curium will also distribute and promote Innoviz's products throughout Southeast Asia across multiple sectors, including automotive original equipment manufacturers (OEMs), shuttles, robotaxis, and various industrial applications. The partnership between the companies builds on Innoviz's strong relationships in Asia, including Korea, Japan, and China.

"We are pleased to partner with Innoviz Technologies, a company that has by far the best LiDAR on the market," said Dr. Ali Hasnain, CEO and founder of Curium. "With Innoviz's market-leading LiDAR solution and Curium's ability to perform multi-sensor Continuous Dynamic Calibration™, we will be giving both companies a distinct market advantage when it comes to systems that require the best in LiDAR technology with superior levels of reliability. Innoviz's strong global presence will enable us to work together in Asia and beyond, giving us confidence in a long and fruitful collaboration."

About Innoviz Technologies
Innoviz is a leading provider of technology that will put autonomous vehicles on roads. Innoviz's LiDAR technology can "see" better than a human driver and meets the automotive industry's strict expectations for performance, safety, and price. Selected by BMW for its fully autonomous car program, Innoviz's technology will be deployed in BMW's consumer vehicles. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech.

About Curium
Curium is a market leading innovator in sensor calibration technologies with a patent pending solution for multi-sensor calibration. This approach to calibration ensures that development of autonomous systems such as Autonomous Vehicles can be rapidly escalated to level 4 and 5 of automation. This is done by Curium's ability to perform Continuous Dynamic Calibration™ (CDC) across multiple sensor types such as LiDAR, Radar and Cameras, ensure complete confidence in the accuracy and reliability of the sensor data and therefore enabling AI modules to make accurate decisions all the time, every time. For more information, visit www.curium.sg.

Join the discussion: Facebook, LinkedIn, YouTube, Twitter

Photo - https://mma.prnewswire.com/media/1591695/Innoviz_Technologies.jpg
Logo - https://mma.prnewswire.com/media/1496323/Innoviz_Technologies_Logo.jpg

Innoviz Technologies
Contact Information
[e-mail]

Investor Contact
Maya Lustig
Innoviz Technologies
[phone]
[e-mail]

Gateway Investor Relations
Cody Slach or Matt Glover
[phone]
[e-mail]

Curium
[e-mail]

[WeTheMarket]

Innoviz Technologies and Whale Dynamic to Collaborate on Next-Generation L4 LiDAR-Driven Autonomous Driving Platform
August 09 2021 - 07:00AM, PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/85785294/innoviz-technologies-and-whale-dynamic-to-collabor

TEL AVIV and SHENZHEN, China, Aug. 9, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a leading provider of high-performance, solid-state LiDAR sensors and perception software, and Whale Dynamic, a "full-stack" L4 autonomous driving company based in China, today announced their collaboration on Whale Dynamic's next-generation intelligent autonomous driving (AD) platform.


Left to right: David Oberman, VP Asia at Innoviz Technologies, Omer Keilaf, CEO & Co-Founder of Innoviz, David Chang, CEO & Founder of Whale Dynamic, at CES 2020

Whale Dynamic is focused on developing a unified Autonomous Driving platform that incorporates multiple sensors, including LiDAR and high-definition cameras, in order to get a complete and detailed view of the area around the vehicle. The platform interprets detailed information on the vehicle's surroundings to guide the vehicle using "drive by wire" technology and is a "full stack" or "plug and play" solution for automotive OEMs, robo-taxi companies and autonomous delivery providers.

The new Whale Dynamic AD platform will utilize InnovizOne LiDARs as its primary sensor, replacing the InnovizPro LiDAR used in previous versions. InnovizOne was selected due to its leading performance, automotive-grade spec., low-power consumption and compact size.

"We are excited to expand our technology collaboration with Whale Dynamic to bring Innoviz's advanced high-resolution solid-state LiDAR technology to their AD Platform," said Omer Keilaf, CEO and co-founder of Innoviz. "We look forward to collaborating with Whale Dynamics to bring Innoviz's High-Performance LiDAR to L4 Platforms in China, the largest vehicle market in the world."

David Chang, CEO & Founder of Whale Dynamic, commented: "InnovizOne brings us more possibilities to create the world's best sensor fusion design and will also empower our perception algorithm to an unprecedented level. We are looking forward to working together to achieve the goal of building a fully autonomous vehicle capable of completing daily service tasks on public roads."

About Innoviz Technologies

Innoviz is a leading manufacturer of high-performance, solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles, as well as various other industrial uses. Innoviz's offerings include InnovizOne, an automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next generation high-performance automotive-grade LiDAR sensor, and Innoviz's perception software, designed to complement its hardware offerings with advanced AI and machine learning-based classification, detection, and tracking features. Innoviz is backed by top-tier strategic partners and investors, including China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group, New Alliance Capital, SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, Vertex Ventures, 360 Capital Partners, Glory Ventures, Naver, Harel Insurance Investments and Financial Services, Phoenix Insurance Company, and others. For more information, visit www.innoviz.tech.

About Whale Dynamic

Whale Dynamic is a fast-growing autonomous driving technology company in Shenzhen, China, focused on autonomous driving and intelligent traffic applications. The company holds many fundamental technology patents in vehicle autonomy, from the fields of multi-sensor fusion perception, spatial-temporal synchronization, vehicle embedded system, HD mapping, centimeter level localization and others. Their technology has been widely used by many transportation providers, tier1 companies, universities, and other institutions. Unlike most AD solution companies which only retrofit passenger vehicles for autonomy, Whale Dynamic has used its passenger vehicle autonomy technology in well-designed fully-electric non-passenger autonomous vehicles designated for public road operation and neighborhood daily services.

[WeTheMarket]

Innoviz Technologies Drives Growth in Asia by Partnering with SpringCloud, Korea's Leading Autonomous Mobility Provider
August 04 2021 - 07:37AM, PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/85751524/innoviz-technologies-drives-growth-in-asia-by-part

TEL AVIV, Israel and SEOUL, South Korea, Aug. 4, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a leading provider of high-performance, solid-state LiDAR sensors and perception software, and SpringCloud, a leading autonomous mobility service provider, recently completed a partnership agreement.



This partnership builds on Innoviz's strong relationships in Korea. NAVER, the Korean IT giant, together with Delphi Automotive and Magna International, invested in Innoviz Technologies in 2017. Additional Korean investors in Innoviz include Samsung, Softbank and SK.

Through this agreement, SpringCloud will gain the ability to distribute Innoviz products in Korea across multiple sectors from automotive OEMs, shuttles and robotaxis, to robotics, drones and industrial applications.

"We are delighted to partner with a strong and leading autonomous mobility service provider such as SpringCloud, to expand our market presence in South Korea and bring our high-performance, solid-state LiDAR sensors to a wide range of applications," said Omer Keilaf, CEO and co-founder of Innoviz.

"We are pleased to partner with Innoviz, which will solidify SpringCloud's position as an advanced autonomous mobility service provider in Korea. Innoviz Technologies' strong global technology presence will ensure that this partnership leads to a long-term bond between the companies for fruitful business together" said Younggi Song, CEO and founder of SpringCloud.

About Innoviz Technologies

Innoviz is a leading provider of technology that will put autonomous vehicles on roads. Innoviz's LiDAR technology can "see" better than a human driver and meets the automotive industry's strict expectations for performance, safety, and price. Selected by BMW for its fully autonomous car program, Innoviz's technology will be deployed in BMW's consumer vehicles. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech.

About SpringCloud

SpringCloud is a Korean pioneering startup that introduced autonomous shuttle service for the first time in Korea. SpringCloud provides advanced autonomous mobility service based on artificial intelligence technology in addition to data analysis service for autonomous mobility. Throughout the country, autonomous shuttles are run by SpringCloud's integrated mobility service, based on on-demand mobile application where passengers can make a seat reservation and pay for shuttle bus fare; Kiosk stations; and IOT smart garages for EV charging and MRO (maintenance, repair, and overhaul). SpringCloud is also active in other business areas such as robot delivery, street-sweeping vehicles and ocean cleaning drones, as well as next generation academic programs. For more information, visit www.aspringcloud.com

[WeTheMarket]

Innoviz Technologies to Present at the J.P. Morgan Automotive Conference on August 12, 2021
August 03 2021 - 07:00AM, PR Newswire (US)
https://www.prnewswire.com/news-releases/innoviz-technologies-to-present-at-the-jp-morgan-automotive-conference-on-august-12-2021-301346783.html

TEL AVIV, Israel, Aug. 3, 2021 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, is scheduled to virtually participate at the 2021 J.P. Morgan Automotive Conference.

Innoviz is scheduled to present on Thursday, August 12 at 8:00 am Eastern Time. The presentation will be webcast live and available for replay here.

To schedule a one-on-one meeting or to receive additional information, please contact J.P. Morgan or Innoviz's investor relations team at [e-mail].

About Innoviz Technologies
Innoviz is a leading provider of technology that will put autonomous vehicles on roads. Innoviz's LiDAR technology can "see" better than a human driver and meets the automotive industry's strict expectations for performance, safety and price. Selected by BMW for its fully autonomous car program, Innoviz's technology will be deployed in BMW's consumer vehicles. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech.

[WeTheMarket]

Securities Registration (foreign Private Issuer) (f-1) https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/85681898/securities-registration-foreign-private-issuer-f-1

[WeTheMarket]

Luminar stock pops as lidar becomes standard on next-gen electric Volvo
Jun. 24, 2021, By: Brandy Bet https://seekingalpha.com/news/3709632-luminar-stock-pops-as-lidar-becomes-standard-on-next-gen-electric-volvo?utm_source=advfn.com&utm_medium=referral

- Lidar sensor company Luminar Technologies (NASDAQ:LAZR) says its Iris lidar and Sentinel perception software will be standard on Volvo's fully electric successor to the XC90, which will be unveiled in 2022.
- The vehicles will include state-of-the-art lidar hardware with Iris and Sentinel and an autonomous driving computer powered by Nvidia's DRIVE Orin and software from Zenseact and Volvo.
- “This is a watershed moment for the industry, and Luminar’s most significant win towards establishing the next era of safety technology,” says Luminar founder and CEO Austin Russell. “Going from a select highway pilot option to Luminar powering all next generation Volvo flagship cars as standard will kick off this new safety paradigm, serving as the catalyst for what we’ve been calling Proactive Safety. Volvo thinks life saving technology shouldn’t be optional, and we couldn’t agree more.”
Luminar shares are up 9.4%.
- Peer stocks: Velodyne Lidar (VLDR +1.5%), Aeva (AEVA +1.6%), Ouster (OUST +2.2%), and Innoviz (INVZ -0.2%).
- Luminar co-created the full-stack Sentinel autonomous driving solution with Volvo subsidiary Zenseact and the product was first announced earlier this year.

[WeTheMarket]

Link to Investor Presentation, June 2021 https://d1io3yog0oux5.cloudfront.net/_879801b1fd289906a2e12c6f6fd27991/innoviz/db/1087/9732/pdf/Innoviz+Investor+Presentation+June+2021%281%29.pdf

[WeTheMarket]

Innoviz Technologies (NASDAQ:INVZ) Coverage Initiated by Analysts at Berenberg Bank https://www.americanbankingnews.com/2021/05/25/innoviz-technologies-nasdaqinvz-coverage-initiated-by-analysts-at-berenberg-bank.html#main
Posted by ABMN Staff on May 25th, 2021

Innoviz Technologies logoInvestment analysts at Berenberg Bank assumed coverage on shares of Innoviz Technologies (NASDAQ:INVZ) in a report issued on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $13.00 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 32.25% from the company’s current price.

[WeTheMarket]

Seeking Alpha article Aeva: Buy 4D LiDAR On The Dip
May 21, 2021 3:24 PM ET

Summary
- Aeva missed Q1 financial targets, but the investment isn't based on 2021 results.
- The company announced an encouraging landmark deal, but the lack of details worried the market.
- The stock trades nearly 20% below the SPAC deal price, providing a speculative opportunity.
Anybody originally excited by the lidar stocks that went public via SPACs in the last few months should look at the sector again. Stocks such as Aeva Technologies (AEVA) trades at up to 50% discounts from original hyped up prices. My investment thesis remains far more bullish on this stock after the sell off and a promising big deal.

Takeaway
The key investor takeaway is that the lidar space remains highly speculative. The companies don't expect to reach material sales until 2023 and beyond. Those betting on the space probably won't get much of a better deal than Aeva already trading nearly 20% below the SPAC deal price.

[WeTheMarket]

Innoviz Technologies (NASDAQ:INVZ) Receives New Coverage from Analysts at Cantor Fitzgerald, Posted by ABMN Staff on May 19th, 2021 https://www.americanbankingnews.com/2021/05/19/innoviz-technologies-nasdaqinvz-receives-new-coverage-from-analysts-at-cantor-fitzgerald.html

Analysts at Cantor Fitzgerald assumed coverage on shares of Innoviz Technologies (NASDAQ:INVZ) in a research note issued on Wednesday, Briefing.com reports. The brokerage set an “overweight” rating and a $14.00 price target on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 34.87% from the stock’s previous close.

Separately, The Goldman Sachs Group began coverage on Innoviz Technologies in a research report on Monday, April 26th. They issued a “neutral” rating and a $11.00 price objective for the company.

INVZ opened at $10.38 on Wednesday. The business’s 50-day moving average is $10.13. Innoviz Technologies has a 52-week low of $8.71 and a 52-week high of $17.75.

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of Innoviz Technologies in the 4th quarter worth approximately $436,000. Ratan Capital Management LP acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $3,799,000. Squarepoint Ops LLC acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $264,000. DeepCurrents Investment Group LLC acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $807,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $437,000.

[WeTheMarket]

News out Innoviz Technologies and Sensagrate Announce Partnership to Enable Smart City Applications
May 18 2021 - 07:00AM
PR Newswire (US)

TEL AVIV, Israel and SCOTTSDALE, Arizona, May 18, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, and Sensagrate, a leader in Smart City technology, data analytics, and reporting products that enable real-time traffic, pedestrian and cyclist safety on roadways, today announced a partnership to integrate InnovizOne LiDAR sensors with SensaVision, Sensagrate's computer vision software.

The addition of InnovizOne to the SensaVision suite will enable a variety of applications that improve pedestrian and automobile safety, preventing near-miss collisions at intersections, collecting unique data for root cause analysis of pedestrian related incidents through intelligent data collection and predictive analytics. LiDAR-based intelligent traffic decisions will improve traffic flow and reduce traffic congestion, leading to a decrease in fatalities and emissions. We believe the collection of precise data, derived with InnovizOne on Sensagrate's system, will advance city planning by allowing predictive models to be built over time that help cities have safer roads while reducing congestion.

"InnovizOne's uniform high resolution of 0.1x0.1 over the entire Field of View allows SensaVision to track vehicles, pedestrians and obstacles over a wide area with high resolution," said Darryl Keeton, President of Sensagrate. "We found the range and point density of InnovizOne uniquely suited to the SensaVision smart and safe intelligent transportation system solution because we can angle the LiDAR for optimal coverage. The size and industrial design of InnovizOne is a perfect fit for integrating sensors into traffic signals with ease."

"Innoviz is very happy to have been chosen by Sensagrate for their Smart City and Smart Transportation applications," said Omer Keilaf, Co-Founder and CEO of Innoviz. "Our LiDAR sensors and perception software support a diverse set of applications across a wide array of verticals. We are thrilled to partner with Sensagrate to advance the safety of future cities starting today."

[WeTheMarket]

Innoviz Technologies Announces Cooperation with Vueron Technology for LiDAR-Only Autonomous Driving
May 03 2021 - 07:00AM
PR Newswire (US)

TEL AVIV, Israel and SEOUL, South Korea, May 3, 2021 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ), a leading provider of high-performance, solid-state LiDAR sensors and perception software, and Vueron Technology, a leading South Korean provider of LiDAR perception software and autonomous driving technology, will cooperate in building an autonomous driving platform for LiDAR-only self-driving vehicles.

Renowned for its cutting-edge technology, Vueron received one of the few self-driving permits issued by the South Korean government in January of this year. Following receipt of the permit, Vueron executed a 414-kilometer, fully automated, LIDAR-only drive from the capital city of Seoul to the southern port city of Busan, at a maximum speed of 100 km/hr. The mandated safety driver on board did not hold the steering wheel at any time during the full five hours of the historic drive.

"At Innoviz, we are passionate about solving the challenges associated with autonomous driving and bringing the most reliable and highest-resolution LiDAR to the market," said Omer Keilaf, CEO and co-founder of Innoviz. "We are impressed by Vueron's high-performance LiDAR perception software and appreciate their unique understanding of the automotive LIDAR market in South Korea. Innoviz's LiDAR and Vueron's software jointly enable an accurate and reliable LiDAR solution that meets the needs of customers in this region. We are looking forward to joining together with Vueron and pioneering the future of autonomous driving with them."

"We are pleased to partner with Innoviz and use their solid-state LiDAR sensor, InnovizOne, in our autonomous vehicles," said Joseph Kim, CEO of Vueron. "We see InnovizOne as the front-runner in LiDAR technology and design and highly recommend it to our peers. Both companies are fortunate to have had the same early-stage investor, Naver, and we take this opportunity to congratulate Innoviz for becoming a NASDAQ-traded company last month. We look forward to many years of fruitful cooperation, using Innoviz LiDAR in our solutions for ADAS, autonomous vehicles, industrial safety, IOT and security systems."

Link: https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/84986986/innoviz-technologies-announces-cooperation-with-vu

[LQMT_Monster]

What they need to do is announce another contract

[pcjockey]

Innoviz Announces Another Breakthrough in LiDAR Technology - 30X Performance Improvement and Embedded Perception Software

TEL AVIV, Israel, April 13, 2021 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ), a leading provider of high-performance solid-state LiDAR sensors and perception software, unveils its groundbreaking InnovizTwo LiDAR sensor performance. The new generation achieves a 30x performance improvement over InnovizOne, in addition to a 70% cost reduction, which the Company believes will allow for its adoption by any type of vehicle. The Company proudly and publicly shares the full updated specifications of InnovizTwo to establish InnovizTwo's technological superiority and market leadership in the most transparent way. Innoviz continues to develop new technologies to allow faster adoption of safe autonomous driving for all.

InnovizTwo’s impressively compact size enables it to fit seamlessly within a consumer vehicle

InnovizTwo LiDAR sensor is specifically designed for automakers and Robotaxi, shuttle, and delivery companies requiring an automotive-grade, mass-producible solution. Leveraging on previous generations InnovizPro and InnovizOne, the new InnovizTwo 905nm LiDAR enjoys the vast expertise developed at Innoviz.

"On our path to become the market leader, we feel responsible for helping to improve market understanding of LiDARs. Our LiDAR offers an impeccable visual performance, at such an impressive price point. I believe InnovizTwo is the world's most powerful LiDAR that will very soon make autonomous vehicles an everyday safer reality," said Omer Keilaf, CEO and Co-Founder of Innoviz. "Its specs and features are designed to exceed customer requirements. I could not be prouder of our engineering team for achieving this incredible technological feat."

The new design includes a new detector, scanner, and multiple advances in the optical packaging and the electric design. InnovizTwo's significantly improved performance is driven by:

1 Extended Field of View (FoV) of 125x40 degrees.

2 Increased native resolution of 0.07x0.05 degrees, over 8000 lines each second, leaving no hazardous object undetected.

3 Exceeding market demand with a range of 300m, with the ability to see small, dark objects with 10% reflectivity at over 220m under strong sun conditions of 100Klux using the high resolution of 0.07x0.05 degrees and 20 frames per second, keeping full field of view.

4 Configurable FoV, Region of Interest (ROI) and frame rate, allows adjustment to dynamic scenario configuration. The combination of very wide FOV with very long range replaces the need for installing multiple LiDARs.

5 Embedded Innoviz's Automotive-grade Perception Platform (InnovizAPP) for object detection and classification of cars, pedestrians, motorcycles as well as providing shape, orientation, velocity, acceleration and occlusion status. InnovizTwo provides a secure and holistic solution that includes classification and detection capabilities in addition to the point cloud within the same box.

6 ASIL B(D) functional safety, full temperature range of -40 to 85 Deg C, AUTOSAR, ASPICE, automotive ethernet interface & cyber protection.

7 Flexible and modular design to allow multiple design tradeoffs between multiple markets and verticals.

InnovizTwo samples will undergo rigorous testing and revisions this year in order to reach an optimum design. Innoviz expects that the product will enter series production during 2022 to serve leading OEM car programs due in 2023. Innoviz is also developing new manufacturing tools in order to enable it to reach production levels of between 500,000 and 1,000,000 units per year by 2024. Customers that are using InnovizOne today will be able to switch to InnovizTwo as their programs scale to leverage cost and performance improvements. InnovizOne, already in production, was chosen by BMW for use on several of its models, supporting its first generation of consumer autonomous vehicles. InnovizTwo high volume production is planned to be managed and scale though Innoviz's multiple tier I partners.

About Innoviz Technologies

Innoviz is a leading provider of technology that will put autonomous vehicles on roads, ultimately changing the world and making life better. Innoviz is the only company with LiDAR technology that can "see" better than a human driver, while also meeting the automotive industry's strict requirements for performance, safety and price. Selected by BMW for its fully electric autonomous car program, Innoviz's technology will be the first to be deployed in consumer vehicles. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, and others. For more information, visit www.innoviz.tech

Media Contact:

[e-mail]

[WeTheMarket]

Innoviz Expands Board of Directors with Global Technology and Automotive Industry Veterans, April 07 2021 - 06:14AM

TEL AVIV, Israel, April 6, 2021 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, announced today that it has appointed Amichai Steimberg, Aharon Aharon, Dan Falk, Ronit Maor, Orit Stav and James Sheridan to its board of directors effective today. They join existing board members Omer Keilaf, Co-Founder and CEO of Innoviz, and Oren Rosenzweig, Co-Founder and Chief Business Officer of Innoviz. The new appointees bring decades of experience leading publicly traded companies in the technology and automotive sectors as executive officers and members of boards of directors.

Innoviz Technologies Ltd. Board of Directors following the consummation of Innoviz's merger with Collective Growth Corporation (PRNewsfoto/Innoviz Technologies)

These appointments follow the consummation of Innoviz's merger with Collective Growth Corporation (formerly Nasdaq: CGRO) on April 5, 2021.

The following provides information about the new appointees to Innoviz's board of directors:

Chairman of the Board: Amichai Steimberg, Former CEO of Orbotech Ltd.
Mr. Steimberg previously served as President and Chief Operating Officer of Orbotech Ltd. from 2013 to 2019, and as Chief Executive Officer of Orbotech Ltd. from 2019 to 2020. Mr. Steimberg is the President and Chief Operating Officer of Israel Amplify Program Corp., and serves as a board member in several private companies, including as Chairman of the Board of Directors at Airovation Technologies Ltd. From September 2020 to January 2021, Mr. Steimberg served as Chairman of the Board of Directors of Highcon System Ltd., an Israeli company listed on the Tel Aviv Stock Exchange. Mr. Steimberg holds a BSc in Agricultural Economics and Business Administration from the Hebrew University in Jerusalem.

Aharon Aharon, CEO of Israel Innovation Authority
Since 2017, Mr. Aharon has served as the Chief Executive Officer of the Israel Innovation Authority, an independent public entity that promotes Israel's innovation ecosystem. Prior to that, Mr. Aharon served as the Corporate Vice President of Hardware Technologies and General Manager of Apple Israel from 2011 to 2017, and as the CEO of Camero from 2004 to 2010 (at which time the company was acquired). Mr. Aharon served as Chairman of the Board of Directors at Discretix Technologies from 2003 to 2010 (the company was subsequently acquired by ARM in 2014) and as COO at Zoran, a NASDAQ traded company from 1996 to 2001. Mr. Aharon holds a B.Sc in Computer Engineering and a M.Sc in Electrical Engineering from the Israel Institute of Technology.

Ronit Maor, Chief Financial Officer of Earnix Inc.
Since 2017, Ms. Maor has served as the Chief Financial Officer of Earnix Inc., a leading SaaS company providing an AI-driven pricing, rating and product personalization for insurance and banking customers. Prior to joining Earnix Inc., Ms. Maor was the Chief Financial Officer at Pontis, a leading digital customer engagement company, from 2012 until its acquisition by Amdocs in 2016. Ms. Maor holds a BSc in Industrial Engineering and Management from the Tel Aviv University.

Dan Falk, Board Member at Nice Ltd. and Ormat Technologies Inc.
Mr. Falk has served as a member of the board of directors of Nice Ltd., a Nasdaq-listed company, since 2001, and has served as a member of the board of directors of Ormat Technologies Inc., a New York Stock Exchange-listed company, since 2004. From 1999 to 2000, Mr. Falk was President and Chief Operating Officer of Sapiens International Corporation N.V. From 1985 to 1999, Mr. Falk served in various positions in Orbotech Ltd., the last of which were Chief Financial Officer and Executive Vice President. Mr. Falk was also a member of the Board of Directors of Orbotech Ltd. Mr. Falk holds a Bachelor's degree in Economics and Political Science and a Master's degree in Business Administration from the Hebrew University in Jerusalem.

Orit Stav, Seasoned Investment Manager
Ms. Stav is a seasoned investment manager with 20 years of experience in the Technology, Venture Capital, and Private Equity sectors. She currently serves as a member of the board of directors of Camtek Ltd., Doral Renewable Energy Resources Ltd., Hadasit Bio-holdings Ltd., YSB Group, HomeBioGaz, A.Luzon Real Estate and Finance Ltd. and ORT Technologies Ltd. Since 2015, Ms. Stav has served as a Managing Partner at Israel Innovation Partners. Prior to that, she helped lead investments in companies such as Siemens Venture Capital and Eva Ventures. Ms. Stav holds a Master of Business Administration from Hertfordshire University, UK, and a Bachelor's degree in Arts (Economics and Management) from the Tel Aviv University.

James Sheridan, CEO of Perception Capital Partners, SPAC Sponsor
Mr. Sheridan is a senior operating executive with over 25 years of experience and deep experience in the automotive industry. He has experience as both an operating executive (Chief Procurement Officer) and as a leader of the Purchasing Practice at McKinsey. His prior experiences include roles as CPO at Forterra, Senior Expert at McKinsey, CPO at Champion, and a variety of roles with Ford Motor Company. Mr. Sheridan holds a B.A. from the College of the Holy Cross and M.B.A from Carnegie Mellon.

"We are thankful to have assembled an incredible collection of experts to serve on Innoviz's board as we navigate through this next stage of growth,'' said Omer Keilaf, Co-Founder and CEO of Innoviz. "Our team has worked diligently to identify leaders in the technology and automotive spaces who are uniquely positioned to facilitate our transition to a public company and drive shareholder value in the process. We are looking forward to working with this accomplished group and leveraging their expertise as we continue to push the boundaries of LiDAR and enter high volume series production."

Amichai Steimberg, future Chairman of the Board, commented: "Innoviz has quickly earned its reputation as a global leader in high performance, automotive-grade LiDAR. Innoviz is pushing the autonomous vehicle industry forward in innovative ways. I am confident this group of leaders will successfully oversee the deployment of Innoviz's LiDAR and perception software to BMW and other leading vehicle manufacturers in the near term."

Link: https://ih.advfn.com/stock-market/NASDAQ/innoviz-technologies-INVZ/stock-news/84769078/innoviz-expands-board-of-directors-with-global-tec

[WeTheMarket]

Today's Innoviz publicity recap courtesy of Market_Renegade on Stocktwits:

- CNBC interview
- Yahoo Finance interview
- Barron's
- Reuter's
- U.S. News & World Report
- Seeking Alpha
- PR Newswire

[WeTheMarket]

Seeking Alpha - Lidar sensor company Innoviz makes public debut after SPAC merger, Apr. 06, By: Brandy Betz, SA News

- Shares of lidar sensor company Innoviz (INVZ) are up 5.6% heading toward the closing bell of its first day of trading following the reverse merger with SPAC Collective Growth (NASDAQ:CGRO). But the ticker change-based movement isn't as notable as the first-day performance for a traditional IPO.
- The merger provided Innoviz with $371M in proceeds.
Yesterday, Innoviz announced the ramp up towards high-volume production for its InnovizOne solution, which will serve BMW series production and other customers.
- The company will also continue with the introduction of next-gen lidar sensor InnovizTwo.
- Innoviz is the firth lidar company to go public through a SPAC merger, following Velodyne Lidar (VLDR +13.0%), Luminar Technologies (LAZR -0.1%), Ouster (OUST +2.4%), and Aeva (AEVA -1.5%).
- The SPAC debut of lidar peer AEye is still pending.

Link: https://seekingalpha.com/news/3679638-lidar-sensor-company-innoviz-makes-public-debut-after-spac-merger?utm_source=stck.pro&utm_medium=referral

[WeTheMarket]

Reuters article - Self-driving sensor startup Innoviz's shares rise on public debut, APRIL 6, 2021

Shares of self-driving car sensor startup Innoviz rose on Tuesday, on its first day trading as public company.

The Tel Aviv, Israel-based firm is developing a lidar sensor, which helps self-driving vehicles gain a three-dimensional view of the road. The company has a partnership with BMW to sell the automaker its first generation of sensors, which cost around $1,000. Innoviz is working on a second generation sensor which it hopes to sell for less than $500.

Shares rose 6.7% to $10.40 near the end of the company’s first day trading on the NASDAQ.

Innoviz became public on Tuesday after completing a merger with publicly listed blank-check firm Collective Growth Corporation Corp that raised $371 million. Four other lidar firms - Velodyne Lidar Inc, Luminar Technologies Inc, Aeva Technologies Inc and Ouster Inc - have all become public in recent months. Rival AEye Inc also plans to become public via a merger with CF Acquisition III Corp.

“What we need to now is a lot of engineering to compress everything” in the Innoviz sensor into a smaller package for automakers, Chief Executive Omer Keilaf told Reuters on Tuesday.

Lidar sends out laser beams and detects their reflection off faraway objects to determine how far away they are, similar to how radar systems use radio or microwave frequencies.

Link to article: https://www.reuters.com/article/innoviz-tech/self-driving-sensor-startup-innovizs-shares-rise-on-public-debut-idUSL1N2LZ2I9

[WeTheMarket]

Interview on CNBC of CEO of lidar maker Innoviz on the future of autonomous vehicles: https://www.cnbc.com/video/2021/04/06/ceo-of-lidar-maker-innoviz-on-the-future-of-autonomous-vehicles.html

[infamous]

why is this continuing to go down? anyone?

[LQMT_Monster]

Let’s see what happens tomorrow. If anything.

[JohnCM]

Lackluster?

[Burdock]

this took off today, anyone have some idea on whats driving it?

[xray168]

Pull back on the announcement this morning...

[Leslie Salt]

Per Bloomberg, in talks with Innoviz.

[xray168]

Not sure about this haven't heard. Something has to explain the action though!

[@LaughinPaulRyan]

... LIDAR CO. NOW? ... $CGRO

[xray168]

Pot sector heating up. COLLECTIVE GROWTH NEWS SOON?? I have my shares and warrants. Every now and then a seller comes along in the 50s. I keep adding to the total. Not much interest here .... YET

[xray168]

This will be a must own but have lots of time. Looks like they look to Aquire by Oct 2021.

[lendingmagician]

10-Q Quarterly Report - Collective Growth Corporation

https://docoh.com/filing/1799611/0001213900-20-020642/CGRO-10Q-2020Q2

$CGRO
$CGROW
$CGROU