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Innoviz Announces New Design Win With Leading Tier-1 Automotive Supplier For its Autonomous Shuttle Program

Innoviz Technologies Reports 2021 First Quarter Financial Results

Innoviz Technologies Reports 2021 First Quarter Financial Results USA - English Share this article Share this article TEL AVIV, Israel, May 12, 2021 /PRNewswire/   Innoviz Technologies (NASDAQ: INVZ), a technology leader of high-performance, solid-state LiDAR sensors and perception software, today reported its financial results and certain forward-looking guidance for the first quarter ended March 31, 2021 as well as subsequent operational updates on commercial traction, technology leadership and corporate development. Commercial Traction Secured a design win with a leading tier-1 automotive supplier to implement InnovizOne LiDAR in autonomous shuttles for use in European airports, campuses, local public transportation and more. The Company expects the contract to generate hundreds of millions in revenue by 2030.

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