Innoviz Reaches A Key Milestone With Winter Test Of InnovizTwo LiDAR And AI-Powered Perception Software, Showcasing Significant Progress And New Opportunities
Portfolio Pulse from Benzinga Newsdesk
Innoviz Technologies Ltd. (NASDAQ:INVZ) successfully completed an 18-day winter test of its InnovizTwo LiDAR and Perception Software in extreme conditions across ten countries. This test demonstrated the robustness and reliability of Innoviz's technology, essential for advanced autonomous driving. The company's achievement is a significant R&D milestone, showcasing its commitment to leading the automotive LiDAR market. Innoviz also received TÜV SÜD Certification for Roof Racks, further establishing its industry credibility. Market projections suggest a significant increase in LiDAR scanner sales in the automotive sector by 2035.
April 18, 2024 | 1:05 pm
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Innoviz Technologies Ltd. successfully completed a rigorous 18-day winter test for its InnovizTwo LiDAR and Perception Software, demonstrating the technology's reliability and robustness in extreme winter conditions. This achievement, coupled with receiving TÜV SÜD Certification for Roof Racks, underscores Innoviz's commitment to quality and safety in the autonomous driving sector.
The successful completion of the winter test and the receipt of TÜV SÜD Certification are significant achievements for Innoviz, highlighting the company's technological prowess and its products' reliability. These developments are likely to positively influence investor perception and customer trust, potentially leading to increased interest and investment in Innoviz. The positive market outlook for LiDAR technology further supports the potential for short-term stock price appreciation.
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