Welcome to our dedicated page for Innoviz Technologies news (Ticker: INVZ), a resource for investors and traders seeking the latest updates and insights on Innoviz Technologies stock.
Innoviz Technologies (INVZ) provides cutting-edge LiDAR solutions powering autonomous vehicles and industrial automation systems worldwide. This news hub offers investors and industry professionals direct access to official corporate announcements and verified market developments.
Track all essential updates through curated press releases covering product launches, strategic partnerships, financial results, and technological breakthroughs. Our aggregation ensures you never miss critical information about INVZ's solid-state sensor innovations or expansion into new markets like robotics and smart infrastructure.
Key content categories include quarterly earnings disclosures, executive leadership updates, automotive OEM collaborations, and R&D milestones. Bookmark this page for streamlined monitoring of INVZ's progress in advancing perception systems for safer autonomous navigation across transportation and industrial sectors.
Innoviz Technologies (Nasdaq: INVZ) has partnered with Sensagrate to integrate InnovizOne LiDAR sensors with Sensagrate's SensaVision software. This collaboration aims to enhance pedestrian and automobile safety and improve traffic flow in smart city environments. InnovizOne's high-resolution capabilities will enable accurate tracking of various road users and assist in accident analysis through predictive analytics. The partnership represents a significant advancement in urban planning, focusing on reducing congestion and fatalities while supporting the development of safer roadways.
Innoviz Technologies (NASDAQ: INVZ) has released its financial results for the first quarter of 2021. The company reported a revenue of $2 million, a significant increase from $1 million in the previous quarter. Despite the positive revenue growth, Innoviz reported a net loss of $10 million, consistent with prior periods. The company anticipates a strong demand for its LiDAR technology in the automotive sector and aims for a revenue projection of $15 million for Q2 2021. Innoviz also highlights its ongoing partnerships with leading automotive manufacturers.
Innoviz Technologies (NASDAQ: INVZ) was selected by a leading Tier-1 automotive supplier as the LiDAR provider for its autonomous shuttle program. The agreement, expected to generate hundreds of millions in revenue, involves InnovizOne solid-state LiDAR units that will facilitate level 4 autonomy for shuttles operational by the end of 2022. This selection follows a rigorous two-and-a-half-year evaluation of Innoviz's product reliability and manufacturing capabilities, marking a significant milestone for the company as it prepares for high-volume production.
Innoviz Technologies (Nasdaq: INVZ) announced its participation in Citi's Car of The Future Virtual Symposium on May 12, 2021. The management will present at 11:45 a.m. Eastern time and hold one-on-one meetings throughout the event. The fireside chat will be available for live webcast and replay. Innoviz is known for its high-performance LiDAR technology, crucial for autonomous vehicles, and has partnered with industry leaders like BMW. The company focuses on delivering superior safety and performance in its products.
Innoviz Technologies (Nasdaq: INVZ) has announced a partnership with Vueron Technology to develop a LiDAR-only autonomous driving platform. This collaboration follows Vueron's recent achievement of a self-driving permit from the South Korean government, allowing a historic automated drive from Seoul to Busan. Innoviz's LiDAR technology, recognized for its high performance, will be integrated with Vueron's advanced perception software, paving the way for enhanced autonomous vehicle capabilities. The partnership aims to leverage both companies' strengths to advance safety and reliability in autonomous driving.
Innoviz Technologies (Nasdaq: INVZ) announced it will release its Q1 2021 financial results on May 12, 2021, before the market opens. A conference call and webinar to discuss these results will take place on the same day at 8:00 a.m. Eastern time (5:00 a.m. Pacific time). Interested parties can register for the webinar here. Following the call, a replay will be available on the Investors section of Innoviz's website for 90 days.
Innoviz Technologies Ltd. (Nasdaq: INVZ) announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2020. The report highlights the company's progress in high-performance solid-state LiDAR sensors and perception software. Interested parties can access the report on Innoviz's investor relations website or the SEC's website. Innoviz is recognized for its advanced LiDAR technology, selected by BMW for its fully electric autonomous vehicle project, and is supported by notable investors such as SoftBank Ventures and Samsung.
Innoviz Technologies (Nasdaq: INVZ) announced the launch of its InnovizTwo LiDAR sensor, boasting a 30x performance improvement over its predecessor, InnovizOne, and a significant 70% cost reduction. The InnovizTwo, designed for automakers and autonomous vehicles, offers enhanced visual performance, a 125x40 degree Field of View, and a detection range of 300m. Full production is expected in 2022 with annual output projected between 500,000 and 1,000,000 units by 2024. This development underscores Innoviz's commitment to advancing safe autonomous driving technologies.
Innoviz Technologies Ltd. (Nasdaq: INVZ) has appointed six new members to its board of directors, enhancing its leadership team following its merger with Collective Growth Corporation (formerly Nasdaq: CGRO) on April 5, 2021. The new board members bring extensive experience from the technology and automotive sectors, including former executives from Orbotech and Apple. CEO Omer Keilaf expressed confidence that this leadership will drive shareholder value and facilitate Innoviz's transition to a public company, focusing on high-performance LiDAR technology for autonomous vehicles.
Innoviz Technologies Ltd. (Nasdaq: INVZ) has appointed six new members to its board of directors, enhancing its leadership following the merger with Collective Growth Corporation (formerly CGRO) on April 5, 2021. The new board members include experienced executives from the technology and automotive sectors, with roles held in notable companies like Orbotech and Apple. This move aims to support Innoviz's growth in the LiDAR market and drive shareholder value as it prepares for high-volume production and deployment of its technology, previously selected by BMW for its autonomous vehicles.
