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Outsight’s software, together with Innoviz’s LiDAR products, will aim to facilitate and accelerate the adoption of 3D LiDAR technology beyond the ADAS market –
- Infrastructure applications: Intelligent Transport Systems (ITS), security and people flow monitoring
- Applications in commercial vehicles and robots: Construction equipment, logistics and service robotics
- Industrial applications: volume measurement, industrial equipment, security and agriculture
Innoviz’s high-performance LiDAR sensors meet the automotive industry’s most stringent performance and safety requirements. They are purpose-built to be robust, affordable, reliable, energy-efficient, lightweight, high-performance and seamlessly integrable, and are ideally suited to enable a wide range of non-automotive use cases that require mature solutions.
Outsight’s spatial intelligence software makes LiDAR technology easier to use in any project, both in real-time (edge processing) and in the cloud, including core features such as LiDAR SLAM, object detection and tracking, classification and segmentation. As a recognized pioneer and leader in the LiDAR processing software category and a founding member of the LiDAR Coalition, of which Innoviz is also a founding member, Outsight’s solutions are widely adopted in numerous markets and dozens of different use cases worldwide Europe, United States, Asia and the Middle East.
“We are no longer in the early days of LiDAR. At the time, demonstration-level sensor prototypes and research-level algorithms were enough to ignite the market and spawned the current leaders in LiDAR hardware and software. Non-automotive markets that will deploy LiDAR at scale require a whole new level of maturity, with high-performance and reliable hardware like Innoviz’s LiDAR sensors, combined with scalable, easy-to-use software solutions like Outsight. said Raul Bravopresident, co-founder of Outsight. “We are pleased to work with Innoviz on innovative offerings thanks to the complementary technology and talent of both organizations.”
“Our award-winning LiDAR technology is already being used to monitor pedestrian safety Los Angelesimprove operational efficiency and safety across shipping ports in Chinaautomate crane systems on construction sites in Japan and more,” he said Omer Keilaf, co-founder and CEO of Innoviz. “We are excited to partner with Outsight to continue to accelerate the adoption of our LiDAR technologies and energy use cases also in ITS, smart infrastructure, smart industry and more.”
Outsight will demonstrate collaboration with Innoviz LiDAR during CES 2023 at Innoviz booth #6553 during the show dates, January 5-8and will present a use case with Innoviz LiDAR included Wednesday, January 5, 14:00at Innoviz booth #6553, followed by a question and answer session.
About Outsight
Outsight develops real-time 3D LiDAR perception solutions. Our mission is to make LiDAR-based spatial intelligence plug-and-play so that it can be used by application experts in any market. Using any LiDAR with our pre-processing capabilities enables smart machines and smart cities to achieve an unprecedented level of understanding of their environment. We believe that accelerating the adoption of LiDAR technology with easy-to-use and scalable software will contribute to the creation of transformative solutions and products that will make the world smarter and safer. For more information, visit outsight.ai.
Media contact – Outsight
Jean-Francois Kitten
+33 (0)6 11 29 30 28
[email protected]
Avtansh Behal
+33 (0)7 69 53 08 25
[email protected]
Anna Azarova
+33 (0)7 49 29 51 04
[email protected]
About Innoviz Technologies
Innoviz is a global leader in LiDAR technology, 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 most stringent performance and safety expectations. Operates across the US, Europeand Asia, Innoviz is selected by internationally recognized premium automotive 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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Media Contact – Innoviz Technologies
[email protected]
Investor Contact (USA)
Rob Moffatt
VP, Corporate Development and IR
Innoviz Technologies
+1 (203) 665-8644
[email protected]
Investor contact (Israel)
Maia Lustig
Director of Investor Relations
Innoviz Technologies
+972 54 677 8100
[email protected]
Forward-looking statements
This release contains certain forward-looking statements within the meaning of federal securities laws, including statements regarding the services offered by Innoviz, the expected technological capabilities of Innoviz’s products, the markets in which Innoviz operates, Innoviz’s forward-looking order book and Innoviz’s projected future results. These forward-looking statements are generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan, ” “may,” “should,” “will,” “would,” “will,” “will continue,” “likely to 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. “Future Order Book” is the cumulative projected future sales of perception hardware and software based on current volume and price estimates related to the project. Many factors could cause actual future events, and, in the case of our forward-looking order book, actual orders, 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 size of such orders, the ability to identify and realize additional opportunities, and potential changes and developments in the highly competitive LiDAR technology and related industries. The preceding 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 March 30, 2022 and other documents filed by Innoviz with the SEC from time to time. 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 place undue reliance on forward-looking statements, and Innoviz undertakes no obligation and has no intention of updating or revising these forward-looking statements, whether as a result of new information, future events or otherwise. Innoviz does not guarantee that it will meet its expectations.
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SOURCE Innoviz Technologies
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