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Innoviz Technologies' LiDARs to Be Deployed Across Major International Airports in the United States by The Indoor Lab to Improve Passenger Safety and Operational Efficiency Using AI Capabilities

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Innoviz Technologies (Nasdaq: INVZ) has entered a distribution agreement with The Indoor Lab to deploy InnovizTwo LiDARs across major US airports, starting with Denver, Tampa, and Nashville International airports. This collaboration aims to enhance passenger safety and operational efficiency using AI capabilities.

The Indoor Lab is shifting from cameras to LiDAR-based solutions, offering higher-quality and more accurate data for airport management. By utilizing InnovizTwo LiDARs with machine learning and AI, they can provide an accurate solution for identifying, classifying, and informing about potential challenges or threats in various airport areas.

This partnership will enable enhanced visibility and data analytics for airport partners, creating a safer and more efficient environment for travelers. The LiDAR technology allows AI-based perception systems to interpret what cameras and other RF-based sensors cannot, significantly improving safety across entry and exit points, tarmacs, baggage check, terminals, and runways.

Innoviz Technologies (Nasdaq: INVZ) ha stipulato un accordo di distribuzione con The Indoor Lab per implementare InnovizTwo LiDARs nei principali aeroporti degli Stati Uniti, a partire dagli aeroporti internazionali di Denver, Tampa e Nashville. Questa collaborazione mira a migliorare la sicurezza dei passeggeri e l'efficienza operativa utilizzando le capacità dell'IA.

The Indoor Lab sta passando da soluzioni basate su telecamere a soluzioni basate su LiDAR, offrendo dati di qualità superiore e più accurati per la gestione degli aeroporti. Utilizzando gli InnovizTwo LiDAR con machine learning e IA, possono fornire una soluzione precisa per identificare, classificare e informare riguardo a potenziali sfide o minacce in diverse aree dell'aeroporto.

Questa partnership consentirà una migliore visibilità e analisi dei dati per i partner aeroportuali, creando un ambiente più sicuro ed efficiente per i viaggiatori. La tecnologia LiDAR permette ai sistemi di percezione basati su IA di interpretare ciò che telecamere e altri sensori RF non possono, migliorando significativamente la sicurezza nei punti di ingresso e uscita, nelle piste, nel check-in bagagli, nei terminal e sulle piste di atterraggio.

Innoviz Technologies (Nasdaq: INVZ) ha entrado en un acuerdo de distribución con The Indoor Lab para implementar InnovizTwo LiDARs en los principales aeropuertos de EE. UU., comenzando con los aeropuertos internacionales de Denver, Tampa y Nashville. Esta colaboración tiene como objetivo mejorar la seguridad de los pasajeros y la eficiencia operativa utilizando capacidades de IA.

The Indoor Lab está cambiando de soluciones basadas en cámaras a soluciones basadas en LiDAR, ofreciendo datos de mayor calidad y más precisos para la gestión aeroportuaria. Al utilizar InnovizTwo LiDARs con aprendizaje automático e IA, pueden proporcionar una solución precisa para identificar, clasificar e informar sobre posibles desafíos o amenazas en varias áreas del aeropuerto.

Esta asociación permitirá mejor visibilidad y análisis de datos para los socios aeroportuarios, creando un entorno más seguro y eficiente para los viajeros. La tecnología LiDAR permite que los sistemas de percepción basados en IA interpreten lo que las cámaras y otros sensores basados en RF no pueden, mejorando significativamente la seguridad en los puntos de entrada y salida, las pistas, el check-in de equipajes, los terminales y las pistas de aterrizaje.

Innoviz Technologies (Nasdaq: INVZ)가 The Indoor Lab과 배급 계약을 체결하고 덴버, 탬파, 내ash빌 국제공항을 시작으로 미국 주요 공항에 InnovizTwo LiDARs를 배포합니다. 이번 협업은 AI 기능을 사용하여 승객 안전과 운영 효율성을 향상시키는 것을 목표로 합니다.

The Indoor Lab은 카메라에서 LiDAR 기반 솔루션으로 전환하고 있으며, 공항 관리에 더 높은 품질의 정확한 데이터를 제공하고 있습니다. InnovizTwo LiDARs와 기계 학습 및 AI를 사용함으로써 공항의 다양한 분야에서 잠재적인 문제나 위협을 식별하고 분류하며 정보를 제공하는 정확한 솔루션을 제공할 수 있습니다.

이번 파트너십을 통해 향상된 가시성과 데이터 분석이 가능해져 공항 파트너에게 더 안전하고 효율적인 환경을 조성합니다. LiDAR 기술은 AI 기반 인식 시스템이 카메라나 다른 RF 기반 센서가 인식하지 못하는 것을 해석할 수 있게 하여 입구와 출구, 활주로, 수하물 체크인, 터미널 및 활주로 전반에 걸쳐 안전성을 크게 향상시킵니다.

Innoviz Technologies (Nasdaq: INVZ) a conclu un accord de distribution avec The Indoor Lab pour déployer InnovizTwo LiDARs dans les principaux aéroports américains, en commençant par les aéroports internationaux de Denver, Tampa et Nashville. Cette collaboration vise à améliorer la sécurité des passagers et l'efficacité opérationnelle en utilisant les capacités de l'IA.

The Indoor Lab passe des solutions basées sur des caméras aux solutions basées sur LiDAR, offrant des données de meilleure qualité et plus précises pour la gestion des aéroports. En utilisant les InnovizTwo LiDARs avec l'apprentissage automatique et l'IA, ils peuvent fournir une solution précise pour identifier, classifier et informer sur les défis ou menaces potentielles dans diverses zones de l'aéroport.

Ce partenariat permettra une meilleure visibilité et une analyse des données pour les partenaires aéroportuaires, créant un environnement plus sûr et plus efficace pour les voyageurs. La technologie LiDAR permet aux systèmes de perception basés sur l'IA d'interpréter ce que les caméras et autres capteurs basés sur RF ne peuvent pas, améliorant considérablement la sécurité aux points d'entrée et de sortie, sur les pistes, lors de l'enregistrement des bagages, dans les terminaux et sur les pistes d'atterrissage.

Innoviz Technologies (Nasdaq: INVZ) hat einen Vertriebsvertrag mit The Indoor Lab unterzeichnet, um InnovizTwo LiDARs in den wichtigsten US-Flughäfen einzuführen, beginnend mit den internationalen Flughäfen Denver, Tampa und Nashville. Diese Zusammenarbeit zielt darauf ab, die Sicherheit der Passagiere und die betriebliche Effizienz mithilfe von KI-Technologien zu verbessern.

The Indoor Lab wechselt von kamera- zu LiDAR-basierten Lösungen und bietet qualitativ hochwertigere und genauere Daten für das Flughafenmanagement an. Durch die Nutzung von InnovizTwo LiDARs in Verbindung mit maschinellem Lernen und KI können sie eine präzise Lösung zur Identifizierung, Klassifizierung und Information zu potenziellen Herausforderungen oder Bedrohungen in verschiedenen Bereichen des Flughafens anbieten.

Diese Partnerschaft wird eine verbesserte Sichtbarkeit und Datenanalyse für Flughafenpartner ermöglichen und eine sicherere und effizientere Umgebung für die Reisenden schaffen. Die LiDAR-Technologie ermöglicht es KI-basierten Wahrnehmungssystemen, das zu interpretieren, was Kameras und andere RF-basierte Sensoren nicht können, und verbessert somit erheblich die Sicherheit an Ein- und Ausgängen, Rollfeldern, Gepäckabfertigung, Terminals und Start- und Landebahnen.

Positive
  • Distribution agreement with The Indoor Lab to deploy InnovizTwo LiDARs in major US airports
  • Expansion into non-automotive LiDAR market, specifically airport management
  • Partnership enhances Innoviz's presence in the transportation safety sector
Negative
  • None.

Insights

The partnership between Innoviz Technologies and The Indoor Lab marks a significant advancement in airport safety and operational efficiency. By deploying InnovizTwo LiDAR sensors across major US airports, this collaboration leverages cutting-edge technology to address critical challenges in the aviation sector.

The shift from traditional camera-based systems to LiDAR technology represents a quantum leap in data quality and accuracy. LiDAR's ability to provide high-resolution 3D mapping and real-time object detection offers substantial improvements over 2D camera imagery, especially in complex, high-traffic environments like airports.

The integration of AI and machine learning with LiDAR data will enable predictive analytics and proactive threat detection, potentially revolutionizing airport security protocols. This could lead to reduced wait times, enhanced passenger flow and more efficient resource allocation, ultimately improving the overall travel experience.

This agreement represents a strategic expansion for Innoviz into the non-automotive LiDAR market, diversifying its revenue streams beyond the automotive sector. The airport security and management market presents a substantial growth opportunity, given the increasing global air traffic and the need for enhanced safety measures.

While specific financial terms weren't disclosed, the deployment across major airports suggests a potentially significant contract value. Investors should monitor future earnings reports for indications of revenue impact and margin contributions from this new market segment.

The partnership with The Indoor Lab, a leader in non-automotive LiDAR analytics, could open doors to additional commercial and industrial applications for Innoviz's technology, further expanding its addressable market and potentially accelerating growth.

The implementation of LiDAR technology in airport environments is a game-changer for aviation safety. Traditional security measures often struggle with the sheer volume and complexity of airport operations. LiDAR's ability to provide accurate, real-time 3D mapping of spaces can significantly enhance threat detection and response times.

The system's capacity to monitor entry/exit points, tarmacs, baggage areas and runways simultaneously will create a more comprehensive security envelope. This could lead to faster incident response, improved crowd management and more efficient vehicle movements on the tarmac.

However, the success of this technology will largely depend on effective integration with existing airport systems and thorough staff training. The aviation industry's strict regulatory environment may also present challenges in widespread adoption and implementation timelines.

The Indoor Lab will begin installations of InnovizTwo at some of the fastest growing airports in the US, including Denver International Airport, Tampa International Airport, and Nashville International Airport 

TEL AVIV, Israel, Aug. 6, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a world leader and Tier 1 supplier of high-performance LiDAR solutions, entered into a distribution agreement with The Indoor Lab LLC, a world leader in non-automotive LiDAR analytics, to deploy InnovizTwo LiDARs across its airport portfolio, beginning with Denver, Tampa, and Nashville International airports. This collaboration will enable airport partners with exceptional visibility and data analytics to help create a safer and more efficient environment for travelers.

As the lifeblood of global travel and with ever-growing populations and globalization, adding advanced 3D sensing tools onto airport management is essential to ensure a smooth and secure traveling experience. The Indoor Lab is pioneering the shift from cameras to LiDAR-based solutions, providing higher-quality and exceptionally accurate data for stakeholders. By utilizing InnovizTwo LiDARs for end-to-end airport operational and safety management using machine learning and AI capabilities, The Indoor Lab will be able to offer an accurate solution that identifies, classifies, and informs infrastructure and transit management professionals about potential challenges or threats that may occur. The LiDAR enables AI-based perception systems to interpret what cameras and other RF-based sensors cannot, therefore vastly improving safety across entry and exit points, tarmacs, baggage check, terminals and runways.

"As we enhance our safety portfolio of products in the transportation sector, we have found that InnovizTwo directional LiDAR sensors offer some of the highest point cloud density and frames per second. This capability enables our Artemis perception platform to deliver unparalleled products and services for our key airport partners," says Patrick Blattner, Founder and CEO of The Indoor Lab.

"Safety is paramount, not only on roads but anywhere people gather, and our partnership with The Indoor Lab will ensure peace-of-mind for travelers," said Omer Keilaf, CEO and Co-Founder of Innoviz Technologies. "Our dynamic and adaptable InnovizTwo platform is the perfect complement to Indoor Lab's AI-based data analytics capabilities and will help to create safer and more effective airports worldwide."

About The Indoor Lab
The Indoor Lab is a privately held, wholly owned U.S. company and the only company in the world with a complete lidar-based enterprise perception platform. Founded by leaders in the queuing and flow analytics space, with over 15 years of experience in passive analytics and 10 years in lidar, The Indoor Lab has been at the forefront of innovative solutions for some of the largest airports and brands globally.

The Indoor Lab strives to be at the cutting edge of innovation, continually advancing its perception software capabilities and fostering collaboration across industries and disciplines. By leveraging cutting-edge technologies such as lidar, we aim to enhance safety, promote environmental sustainability, and empower communities to thrive in an ever-evolving global landscape

About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier 1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit innoviz.tech.com

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Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, future series production nominations, and Innoviz's projected future results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations regarding the impact of the evolving conflict in Israel to our ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risk and the other risks and uncertainties described in Innoviz's annual report on Form 20-F filed with the SEC on March 12, 2024 and other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations.

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SOURCE Innoviz Technologies

FAQ

Which airports will deploy Innoviz Technologies' LiDARs initially?

Innoviz Technologies' LiDARs will be initially deployed at Denver International Airport, Tampa International Airport, and Nashville International Airport.

What is the purpose of deploying InnovizTwo LiDARs in airports?

The purpose is to improve passenger safety and operational efficiency in airports using AI capabilities, providing enhanced visibility and data analytics for airport management.

How does InnovizTwo LiDAR technology improve airport safety?

InnovizTwo LiDAR enables AI-based perception systems to interpret what cameras and other RF-based sensors cannot, improving safety across entry and exit points, tarmacs, baggage check, terminals, and runways.

What is the stock symbol for Innoviz Technologies?

The stock symbol for Innoviz Technologies is INVZ, traded on the Nasdaq stock exchange.

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