Innoviz Technologies Ltd. Ordinary shares - INVZ STOCK NEWS

Innoviz Technologies (NASDAQ: INVZ) has partnered with Joowon Industrial to enhance the sales of its LiDAR solutions in South Korea. This collaboration aims to leverage Joowon's TADS system, which can significantly reduce inspection costs for power distribution lines by approximately 80%. Innoviz's high-performance LiDAR technology will be integrated into Joowon's next-generation TADS to improve the efficiency and accuracy of inspections. The partnership emphasizes the importance of the Korean market for Innoviz and aims to establish a strong foothold in the region.

Innoviz has been selected to conduct a workshop on 3D perception in autonomous driving with NVIDIA at the European Conference on Computer Vision (ECCV), occurring from October 23-27, 2022 in Tel Aviv. This workshop aims to tackle challenges associated with processing large LiDAR datasets and will feature experts from prestigious organizations like MIT and Waymo. Innoviz's CEO, Omer Keilaf, emphasizes the significance of 3D perception for safe autonomous driving.

Innoviz (NASDAQ: INVZ) has partnered with Visionary.ai to integrate their imaging and LiDAR technologies. This collaboration aims to enhance 3D machine vision applications for robotics, smart cities, and drones, specifically in challenging conditions like low light and heavy rain. Visionary.ai's AI-driven True Night Vision technology combined with Innoviz's high-resolution LiDAR will create accurate 3D imaging. The press release highlights rapid market growth for Innoviz and a recent $4 billion increase in their forward-looking order book, driven by a major vehicle manufacturer's selection of Innoviz's LiDAR for production vehicles.

Innoviz Technologies (NASDAQ: INVZ) has announced key management appointments to enhance its sales leadership. Tali Chen is appointed as Chief Business Officer, succeeding Oren Rosenzweig, who steps down to pursue new opportunities. Chen, previously CBO at DSP Group, will manage business development and strategic sales plans. Additionally, Scott Craig and Brijesh Shukla are appointed as Country Managers for the U.S. and Japan, respectively. These appointments aim to support Innoviz's growth in the automotive sector and capitalize on recent multi-billion-dollar nominations with global manufacturers.

Innoviz Technologies (NASDAQ: INVZ) announced its Q1 2022 financial results, reporting significant progress in solid-state LiDAR technology. Revenue reached $2.1 million, up from $1.4 million in Q1 2021, demonstrating a 50% year-over-year increase. The company maintains strong demand for its products, with a backlog of customer orders and partnerships in place. Innoviz has raised its full-year guidance, anticipating annual revenue between $10 million and $12 million. The company's innovative solutions continue to position it as a key player in the automotive and tech sectors.

Innoviz Technologies announced that a major global vehicle manufacturer has selected it as a direct supplier of its InnovizTwo LiDAR sensor and perception software, marking its third significant design win. This decision is expected to boost Innoviz's forward-looking order book by $4 billion to $6.6 billion. The CEO expressed expectations for further growth as more car brands adopt the platform. Innoviz is set to provide more details during its quarterly earnings call on May 11.

Innoviz Technologies (NASDAQ: INVZ) will hold a conference call and webinar on May 11, 2022, at 9:00 a.m. ET to discuss its first-quarter financial results for the period ending March 31, 2022. A press release with operational and financial results will precede the call. Investors can register for the event via a provided link, and a replay will be available on the company's investor relations site for 90 days. Innoviz is recognized for its high-performance LiDAR technology aimed at enhancing autonomous vehicle safety.

Innoviz Technologies (Nasdaq: INVZ) has partnered with LiangDao Intelligence to accelerate the introduction of high-resolution LiDAR solutions for the Chinese automotive market. This collaboration aims to customize Innoviz's LiDAR offerings, specifically the InnovizTwo model, enhance perception solutions, and streamline data collection. LiangDao's expertise, including past projects with Audi and solid-state LiDAR systems, complements Innoviz's technological capabilities. The partnership represents a significant step toward meeting the growing demand for autonomous driving solutions in China.

Innoviz Technologies Ltd. (Nasdaq: INVZ) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC. This report is accessible through Innoviz's investor relations website and the SEC's platform. Innoviz is a leader in LiDAR technology, specializing in the development of high-performance sensors and perception software for autonomous vehicles, aiming to enhance safety and performance in the automotive industry. It serves clients in the U.S., Europe, and Asia, including a premium car brand.