TEL
AVIV, Israel and TOKYO, Oct. 26,
2022 /PRNewswire/ -- Innoviz Technologies (Nasdaq:
INVZ) (the "Company" or "Innoviz"), a technology leader of
high-performance, automotive-grade LiDAR sensors and perception
software, today announced its partnership with Kudan (Tokyo Stock
Exchange securities code: 4425, hereafter "Kudan"). Kudan's
perception software allows machines to generate 3D maps of
surrounding environments and gain autonomous mobility based on
Innoviz LiDARs.
The cooperation between Innoviz and Kudan addresses the growing
need for 3D digital mapping solutions leveraging "Simultaneous
Localization and Mapping" (SLAM) technology. Since autonomous
decisions depend on the quality of the information, perception of
the environment is critical for machines. Coupled with
Innoviz's LiDAR scanning, the SLAM technology enables a dynamic
mapping of the environment with accurate, high-density, colorized
3D point cloud generation. With the global presence and
strong networks of both companies, this partnership is a key
enabler for a broad set of uses, including HD maps, robotics,
construction, surveying, and "digital twinning" and "industrial
metaverse" applications.
In addition to enabling non-automotive applications, Kudan's
SLAM software also gives autonomous vehicles the ability to view
and act upon changes to their environment in real-time by providing
highly accurate, reliable results that allow vehicles to react to
their surroundings. Innoviz's high-performing LiDARs deliver a
rich 3D point cloud at distances up to 250 meters. Resilient to
sunlight and weather conditions, Innoviz's LiDARs contribute to the
accuracy and reliability of Kudan's SLAM software for safe
automotive and non-automotive applications
"Innoviz is excited to promote our mapping collaboration both in
automotive applications and beyond with the Kudan SLAM solution,"
said Omer Keilaf, Co-Founder and CEO of Innoviz.
"Kudan's SLAM software and related tools are a great fit with
Innoviz's products and we see great opportunity in a number of
applications, including HD mapping for autonomous driving,
robotics, geospatial mapping and surveying. We're also seeing
traction in Asia that demonstrates
high demand for our LiDAR technology for automotive and
non-automotive applications"
"The need for LiDAR SLAM-based mapping for digital
transformation in various industries has continued to grow and has
never been more urgent," said Daiu Ko, CEO of
Kudan. "Under this new partnership with Innoviz, we look
forward to bringing the best mapping solution to the market in
terms of use-case coverage and return over investment across
different vertical domains."
Innoviz and Kudan will collaborate on digital mapping projects
in Japan and globally. Innoviz
will demonstrate its LiDAR solutions across various
applications at Automotive World Nagoya, Oct
26-28, 2022.
About Kudan Inc.
Kudan is a deep tech research and development company
specializing in algorithms for artificial perception (AP). As a
complement to artificial intelligence (AI), AP functions allow
machines to develop autonomy. Currently, Kudan is using its
high-level technical innovation to explore business areas based on
its own milestone models established for deep tech which provide
wide-ranging impact on several major industrial fields.
For more information, please refer to Kudan's website at
https://www.kudan.io/.
For more details, please contact us here.
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 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 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 identify and realize additional
opportunities, and potential changes and developments in the highly
competitive LiDAR technology and related industries. The foregoing
list of factors is not exhaustive. You should carefully consider
the foregoing factors and the other risks and uncertainties
described in Innoviz's annual report on Form 20-F filed with the
SEC on April 21, 2021, 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.
Media Contact
Media@innoviz-tech.com
Investor Contact (US)
Investor Contact (Israel)
Rob Moffatt
Maya
Lustig
VP, Corporate Development &
IR
Director, Investor Relations
Innoviz
Technologies
Innoviz Technologies
+1 (203) 665-8644
+972 54 677 8100
Investors@innoviz-tech.com
Investors@innoviz-tech.com
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