Innoviz Debuts Industry-First LiDAR-Based Bridge Collision Detection System With Drive Group, Israeli Highway Operator
Portfolio Pulse from Benzinga Newsdesk
Innoviz Technologies (NASDAQ: INVZ) has signed an agreement with Drive Group, an Israeli toll road operator, to deploy its LiDAR-based Bridge Collision Detection solution on highways, tunnels, and bridges across Israel. The solution aims to reduce bridge and tunnel collisions, saving lives, preventing infrastructure damage, and mitigating traffic congestion.
June 13, 2023 | 1:10 pm
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Innoviz Technologies partners with Drive Group to deploy its LiDAR-based Bridge Collision Detection solution in Israel, potentially reducing collisions and saving lives.
The partnership with Drive Group will allow Innoviz to deploy its LiDAR-based Bridge Collision Detection solution on a large scale, potentially reducing collisions and saving lives. This collaboration marks ongoing momentum for Innoviz in Smart City and connected infrastructure applications worldwide, which could lead to increased demand for its products and services, positively impacting its stock price in the short term.
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