The IATF 16949:2016 certification is a critical quality management standard in the automotive industry. By achieving this certification, Innoviz Technologies not only demonstrates its commitment to maintaining high-quality standards in its products and services but also significantly enhances its attractiveness as a Tier-1 supplier to automotive manufacturers. This could lead to increased trust and potentially more contracts from automotive companies seeking reliable Lidar and Perception SW solutions, positively impacting INVZ's stock in the short term.