TEL AVIV, Israel, Jan. 25, 2021 /PRNewswire/ -- Innoviz
Technologies, an Israeli LiDAR company founded by former officers
of Israel's Defence Forces elite
technology division, known as "Unit 81", which recently announced
its intention to go public through a SPAC merger with Collective
Growth Corporation (Nasdaq: CGRO), based in Texas, at a market value of $1.4B, has partnered with Macnica, Japan's largest distribution company and a
global technology solutions distribution company, to sell its
flagship product, InnovizOne, in Japan for the first time. InnovizOne has been
selected by BMW for use in its fully electric iX autonomous car
program.
Macnica announced their intention to sell InnovizOne in the
Japanese market last month, and have since been inundated with
purchase orders for Innoviz's solid-state 3D MEMS-based long-range
LiDAR, which leads the high-spec LiDAR market by dint of its
maturity and Innoviz's long-standing and very close relationship
with the Tier1 company Magna and customer BMW.
Mr. Atsushi Sato, GM of Macnica
Strategic Innovation Group, had this to say: "We have been
partnering with Innoviz for some three years, starting with
detailed technical training at Innoviz's R&D center in
Israel, and we have already
achieved good sales of InnovizPro, Innoviz's first product.
InnovizOne, first demonstrated by Macnica at our booth at the
Automotive World show in Tokyo in
January 2020, is already recognized
as the most mature LiDAR in the market, with the best technology
and the highest specifications. InnovizOne uses only
automotive-grade components and will soon finish certification as
an Automotive-Grade LiDAR. This market recognition is helping
Macnica to achieve quick sales of the InnovizOne, and we have every
intention of expanding these sales exponentially into many new
markets beside those that we have already penetrated with this
product."
Among the customers who have already bought InnovizOne from
Macnica: Japanese automotive manufacturers, for use in Advanced
Development Programs leading to car and truck series production
programs, their Tier1 partners and many leading industrial
companies from various fields, from construction to space
travel.
David Oberman, Innoviz's VP Asia
commented: "At Innoviz, we are constantly learning from our
customers about new use cases and applications for our LiDAR
sensors, including but not limited to: construction, industrial
automation, security, trains, marine, agricultural, robotics, wind
turbines, drones, mining, mapping and smart city applications. I am
thrilled that customers in the Japanese market are using our LiDAR
in their projects for various applications and look forward to
seeing our cooperation with Macnica continue to grow and diversify
in the future."
About Innoviz Technologies
Innoviz is a leading manufacturer of high-performance,
solid-state LiDAR sensors and perception software that enable the
mass production of autonomous vehicles. Innoviz's offerings include
InnovizOne, an automotive-grade, mass-producible LiDAR sensor,
InnovizTwo, a next generation high-performance automotive-grade
LiDAR sensor, and Innoviz's perception software, designed to
complement its hardware offerings with advanced AI and machine
learning-based classification, detection and tracking features.
Innoviz is backed by top-tier strategic partners and investors,
including SoftBank Ventures Asia, Samsung, Magna International,
Aptiv, Magma Venture Partners, Vertex Ventures, China Merchants
Capital (SINO-BLR Industrial Investment Fund, L.P.), 360 Capital
Partners, Glory Ventures, Naver, Shenzhen Capital Group, New
Alliance Capital, Harel Insurance Investments and Financial
Services, Phoenix Insurance Company and others. For more
information, visit www.innoviz.tech.
Contact Information
Innoviz Technologies
Media@innoviz-tech.com
Investors@innoviz-tech.com
Macnica
macpr@macnica.co.jp
https://www.macnica.co.jp
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SOURCE Innoviz Technologies