/C O R R E C T I O N -- Kela Technologies/

Rhea-AI Summary

Innoviz Technologies (NASDAQ: INVZ) and defense company Kela Technologies signed a framework agreement for Kela to procure up to several hundred InnovizTwo LiDAR sensors, with potential scaling to thousands over time.

Innoviz LiDAR will be integrated into Kela’s unified situational operations platform for armored vehicles, border security and perimeter defense, enhancing 3D perception, target discrimination and operational awareness in degraded environments.

AI-generated analysis. Not financial advice.

Positive

• Framework agreement for up to several hundred InnovizTwo LiDAR units
• Cooperation may scale to thousands of LiDAR units over coming years
• Entry of Innoviz LiDAR into Kela’s defense situational awareness platform
• Application across armored vehicles, border security and perimeter-defense missions

Negative

• Agreement specifies volumes as “up to” amounts, not firm order totals
• No financial terms, pricing or deployment timelines disclosed

News Market Reaction – INVZ

+16.56% 3.4x vol

63 alerts

+16.56% News Effect

+52.7% Peak Tracked

-12.7% Trough Tracked

+$30M Valuation Impact

$208.07M Market Cap

3.4x Rel. Volume

On the day this news was published, INVZ gained 16.56%, reflecting a significant positive market reaction. Argus tracked a peak move of +52.7% during that session. Argus tracked a trough of -12.7% from its starting point during tracking. Our momentum scanner triggered 63 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $30M to the company's valuation, bringing the market cap to $208.07M at that time. Trading volume was very high at 3.4x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

In the news release, Kela to Field Innoviz LiDAR Across Its Unified Situational Operations Platform, issued 13-May-2026 by Kela Technologies over PR Newswire, we are advised by the company that the release has been updated to reflect new information. The complete, corrected release follows:

Kela to Field Innoviz LiDAR Across Its Unified Situational Operations Platform

TEL AVIV, Israel, May 14, 2026 /PRNewswire/ -- Kela Technologies, a defense company building the open, modular platform that allied militaries use to win software-defined warfare, and Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading supplier of high-performance, automotive-grade LiDAR sensor platforms, today announced a framework agreement to procure up to several hundred units of Innoviz Technologies' InnovizTwo LiDAR sensors, with Kela anticipating that the cooperation may scale to thousands of units in the coming years.

The agreement brings LiDAR — a core sensing technology used in autonomous mobility — into Kela's software-defined situational platform, where the sensors will operate alongside radar, electro-optical, thermal and RF systems across armored vehicles, border security and perimeter-defense missions.

LiDAR adds high-resolution three-dimensional perception, helping fuse multiple sensor streams into a single operational picture for commanders and autonomous systems. For Kela's customers — defense forces, homeland-security agencies and critical-infrastructure operators — the addition of LiDAR strengthens three functions:

• Seeing is understanding. Through precise 3D mapping, the LiDAR enables enhanced discrimination capability: detecting camouflaged objects, filtering out background noise, and fully distinguishing real targets from decoys - even under complex conditions.
• Operational awareness in degraded environments. Maintain visibility through darkness, dust, smoke, fog, glare and camouflage conditions that routinely degrade cameras and conventional optical systems during operations.
• Faster operational execution. Reduce false alarms, shorten the path from detection to identification to engagement, and give commanders a cleaner operational picture with fewer fragmented sensor feeds to interpret under pressure.

Kela co-founder and President Hamutal Meridor: "Civilian autonomy proved that LiDAR can be built reliably and at scale. Defense now needs exactly that. Innoviz is the latest of many proven technologies we are bringing into Kela's open architecture, to give operators the sharpest possible picture of the situation and the time to act on it."

About Kela

Kela Technologies builds the open, modular platform that allied militaries use to win software-defined warfare. The company combines AI-driven sensor fusion, threat classification, and command software with field-hardened hardware, including modular payloads, optical and fiber communications, and resilient command links, to give operators a single, real-time picture of the situation and the tools to act on it at machine speed. Founded by veteran defense and technology operators from Israel, Kela's platform is deployed today across counter-UAS, counter-intrusion, base security, border protection and armored-vehicle missions. Headquartered in Tel Aviv and Washington D.C., Kela works directly with allied governments, defense primes and program offices. For more, visit kelasys.com

Contact:

Amir Mizroch
amir@orangegrovecommunications.com
+972509989338

View original content:https://www.prnewswire.com/news-releases/kela-to-field-innoviz-lidar-across-its-unified-situational-operations-platform-302771335.html

SOURCE Kela Technologies

FAQ

What is the new agreement between Kela Technologies and Innoviz (NASDAQ: INVZ)?

The agreement is a framework for Kela to procure InnovizTwo LiDAR sensors. According to Innoviz, Kela may buy up to several hundred units initially, with cooperation potentially scaling to thousands of sensors over the coming years for defense applications.

How many InnovizTwo LiDAR sensors could Kela purchase under the INVZ framework agreement?

Kela may procure up to several hundred InnovizTwo LiDAR units at first. According to Innoviz, the companies anticipate that this cooperation could expand to thousands of sensors over time as Kela’s platform is deployed across additional defense missions.

How will Innoviz (INVZ) LiDAR be used in Kela’s unified situational operations platform?

Innoviz LiDAR will provide high-resolution 3D perception within Kela’s open, modular situational platform. According to Innoviz, the sensors will operate alongside radar, electro-optical, thermal and RF systems on armored vehicles, border-security and perimeter-defense missions to support commanders and autonomous systems.

What operational advantages does Kela expect from integrating InnovizTwo LiDAR sensors?

Kela expects better target discrimination, improved performance in degraded environments and faster execution. According to Innoviz, LiDAR supports precise 3D mapping, helps detect camouflaged objects, maintains visibility in dust or smoke, and reduces false alarms by fusing multiple sensor feeds into a cleaner operational picture.

How does the Kela and Innoviz (INVZ) deal relate to autonomous and software-defined warfare?

The deal brings LiDAR technology proven in civilian autonomy into defense operations. According to Innoviz, integrating automotive-grade InnovizTwo sensors into Kela’s software-defined warfare platform helps allied militaries build reliable, scalable sensing for autonomous and human-in-the-loop missions across complex operational environments.

Which customers could benefit from Kela’s use of Innoviz LiDAR sensors?

Kela’s customers include defense forces, homeland-security agencies and critical-infrastructure operators. According to Innoviz, these users may gain stronger situational awareness for armored vehicles, border security and perimeter-defense tasks by combining LiDAR with radar, electro-optical, thermal and RF data in a unified operations platform.