CARIAD SE selects Innoviz as direct supplier of LiDAR to the automated vehicle segment within the Volkswagen brands

With its third design win, Innoviz’s forward-looking order book has been updated to $6.6 billion.

Screenshots of InnovizTwo LiDAR performance can be found here.

About Innoviz Technologies

Innoviz is a global leader in LiDAR technology, working towards a future of safe, autonomous vehicles on the world’s roads. Innoviz’s LiDAR and Awareness software “sees” better than a human driver and reduces the potential for error, meeting the auto industry’s most stringent expectations for performance and safety. Operating across the United States, EuropeAnd the AsiaInnoviz has been selected by premium automotive brands that are internationally recognized 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 Inoviz-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 services provided by Innoviz, expected technological capability of Innoviz products, markets in which Innoviz operates, Innoviz’s forward-looking order book, and Innoviz’s expected future results. Such forward-looking statements are generally identified by the words “believe,” “project,” “expect,” “expect,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may “should,” “will,” “will,” “will,” “will continue,” “likely to produce,” 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 of Therefore, they are subject to risks and uncertainties. A “future order book” is the projected cumulative future sales of realization hardware and software based on current estimates of project volumes and prices. Many factors could cause actual future events to occur, and in the case of our forward-looking order book, actual orders differ materially about the forward-looking statements made in this announcement, including, but not limited to, the ability to implement business plans, other forecasts and forecasts, the ability to convert design into final orders and the size of such orders, the ability to identify and realize additional opportunities, and potential changes and developments in technology LiDAR is highly competitive and industrial v related. The list of foregoing factors is not exhaustive. You should carefully consider the foregoing factors and other risks and uncertainties described in Innoviz’s annual report on Form 20-F filed with the Securities and Exchange Commission (SEC) on March 30, 2022 and other documents submitted by Innoviz from time to time to the SEC. These filings identify and address risks and other significant 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 assumes no obligation and does not intend to update or revise such forward-looking statements, whether as a result of new information, future events or otherwise. Innoviz makes no guarantees that it will meet its expectations.

Video – https://www.youtube.com/watch?v=Hwi8wTTcnGM
Photo – https://mma.prnewswire.com/media/1870732/Omer_Keilaf.jpg
Photo – https://mma.prnewswire.com/media/1870733/Innoviz_VW_Design.jpg
Logo – https://mma.prnewswire.com/media/1496323/Innoviz_Technologies_Logo.jpg

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Investor contact
funny maya
Inoviz Technologies
+972 54677 8100
[email protected]

SOURCE Innoviz Technologies

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