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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Contact
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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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