Innoviz and HiRain Technologies deploy InnovizOne in shipping ports in China

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HiRain has developed its own roadside V2X solution using InnovizOne LiDAR. The five-in-one sensor unit monitors traffic as the crow flies, collects environmental data and sends it in real time to a high-performance computer, which then broadcasts the data to all surrounding trucks to help avoid collisions.

“The global supply chain crisis is compounded by labor shortages and higher levels of congestion at ports in China and around the world,” said Omer Keilaf, co-founder and CEO of Innoviz. “The deployment of the HiRain autonomous vehicle and V2X systems using InnovizOne LiDAR comes at a particularly opportune time, as it will significantly improve efficiency and enable 24/7 operations. .”

Innoviz and HiRain began working together in 2018, and HiRain plans to integrate Innoviz’s next-generation LiDAR sensor, InnovizTwo, into its platforms to make port operations even safer and more efficient.

“LiDAR is one of the most critical technologies of our time and will play an outsized role in the development of not only autonomous vehicles, but also the infrastructure they need to communicate with each other,” said Dr. Chengjian Fan, CTO & Deputy GM of Hirain Technologies. “We really enjoyed working with the Innoviz team to bring these products to market, and we look forward to developing more products using Innoviz’s solutions.”

About Beijing JingWei Hirain Technologies

Founded in 2003, HiRain focuses on providing electronic products, R&D services and overall solutions for high-level intelligent driving to customers in automotive and unmanned transportation fields. Based at beijingHiRain has established modern production plants in Tianjin and Nantong, forming a perfect system of R&D, production, marketing and service. Based on the concept of “value innovation and serving customers”, the company adheres to the strategies of “professional focus”, “technology leadership” and “platform development”, and is committed to becoming a world-class complete electronic system technology service provider, a complete solution provider for networked intelligent vehicles and a leader in high-level intelligent driving MaaS solutions. For more information, visit: https://www.hirain.com/

About Innoviz Technologies

Innoviz is a global leader in LiDAR technology, working towards a future with safe autonomous vehicles on the world’s roads. Innoviz’s LiDAR and perception software “sees” better than a human driver and reduces the risk of error, meeting the automotive industry’s highest expectations for performance and safety. Operating across the United States, Europeand Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as other commercial and industrial leaders for a wide range of use cases. For more information, visit innoviz-tech.com

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Contact Investor

Maya Lustig
Innoviz Technologies
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Forward-looking statements

This announcement contains certain forward-looking statements within the meaning of federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz’s products, the markets in which Innoviz operates and projected future results of Innoviz. These forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity “, “plan,” “may,” “should,” “will,” “would,” “will,” “continue,” “likely result,” and similar expressions. Forward-looking statements are predictions, projections and “other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this announcement, including, but not limited to, the ability to implement business plans, forecasts and other expectations, the ability to identify and realize additional opportunities, and changes and developments in the you highly competitive LiDAR technology and related industries. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in Innoviz’s Annual Report on Form 20-F filed with the SEC on April 21, 2021, and other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and 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 undertakes 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 does not guarantee that it will meet its expectations.

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SOURCEInnoviz Technologies

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