The agreement will see Mobileye integrate Innoviz LiDARs into
its autonomous vehicle platform for testing and deployment with key
customers
- Mobileye Drive™ platform for autonomous driving has been
adopted by significant vehicle producers globally, including VW
Commercial Vehicles, Schaeffler / VDL, Holon, and Verne
- The use of state-of-the-art Innoviz LiDARs for this generation
of the Mobileye Drive™ platform enhances scalability and reduces
complexity across these and potential future customers
- Start of Production will commence in 2026
JERUSALEM and TEL
AVIV, Israel, Dec. 11,
2024 /PRNewswire/ -- Mobileye (Nasdaq: MBLY), a
global leader in autonomous and driver-assistance technologies,
and Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or
"Innoviz"), a leading Tier-1 direct supplier of high-performance,
automotive-grade LiDAR sensors and perception software, announced
today that Mobileye will use Innoviz's LiDARs for the Mobileye
Drive™ platform. This showcases the flexibility of Innoviz's LiDARs
to work across a variety of vehicle platforms to further testing
and deployment of autonomous vehicles.
Mobileye Drive™ is a comprehensive driverless system that
enables mobility service providers and vehicle manufacturers to
make robotaxis, ride-pooling, public transport, and goods delivery
fully autonomous, with testing underway in Europe, North
America, and Asia. By
leveraging Innoviz's expertise in LiDAR technology, in addition to
cameras, radars, and imaging radars, vehicles built with the
Mobileye Drive platform will deliver safe and smooth driving
performance in their operational domains. The agreement is built
upon mutual work between the two companies over the past few
months, with Start of Production (SOP) beginning in 2026.
"We are pleased to utilize Innoviz LiDARs for the first
generation of our Mobileye Drive™ platform to help enable the
autonomous performance of our customers' fleets around the world,"
said Prof. Amnon Shashua, President
and CEO of Mobileye. "The integration of our imaging radars and
high-resolution cameras in combination with the Innoviz LiDARs will
play a key role in delivering Mobileye Drive™ as a powerful
autonomous driving system that will ultimately create safer, more
efficient, and reliable transportation."
"This is a proud moment for Innoviz as we progress our
relationship with Mobileye," said Omer Keilaf, CEO and Co-Founder
of Innoviz Technologies. "Our collaboration on next-generation
autonomous vehicle solutions that are both safer and more
affordable signifies our shared commitment to accelerate AV
adoption. The agreement further attests to Innoviz's capability to
meet the stringent requirements of OEMs worldwide and support L4
driving solutions that will help drive a new era of mobility."
Innoviz's InnovizTwo product platform was designed for global
OEMs and can be customized to suit a wide array of vehicular design
and functionality requirements. The cutting-edge platform was
specifically engineered for Mobileye Drive™ to provide the L4
autonomous platform with a complete set of LiDARs. The combination
of LiDARs and Mobileye's imaging radars as well as high-resolution
cameras is critical to enabling comprehensive sensing capabilities
for navigating complex urban environments and enhancing the overall
safety and reliability of autonomous driving systems.
About Mobileye Global Inc.
Mobileye (Nasdaq: MBLY) leads the mobility revolution with its
autonomous driving and driver-assistance technologies, harnessing
world-renowned expertise in computer vision, artificial
intelligence, mapping, and data analysis. Since its founding in
1999, Mobileye has pioneered such groundbreaking technologies as
REM™ crowdsourced mapping, True Redundancy™ sensing, and
Responsibility Sensitive Safety (RSS). These technologies are
driving the ADAS and AV fields towards the future of mobility –
enabling self-driving vehicles and mobility solutions, powering
industry-leading advanced driver-assistance systems and delivering
valuable intelligence to optimize mobility infrastructure. To date,
about 180 million vehicles worldwide have been built with Mobileye
technology inside. In 2022 Mobileye listed as an independent
company separate from Intel (Nasdaq: INTC), which retains majority
ownership. For more information, visit
https://www.mobileye.com.
Media Contact
Justin Hyde,
justin.hyde@mobileye.com
Investor Contact
Dan Galves,
dan.galves2@mobileye.com
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a
Tier 1 supplier to the world's leading automotive manufacturers and
working towards a future with safe autonomous vehicles on the
world's roads. Innoviz's LiDAR and perception software "see" better
than a human driver and reduce the possibility of error, meeting
the automotive industry's strictest expectations for performance
and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by
internationally recognized premium car brands for use in consumer
vehicles as well as by other commercial and industrial leaders for
a wide range of use cases. For more information, visit
innoviz.tech.
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Forward Looking Statements
This announcement contains certain forward-looking statements
within the meaning of the 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, future series production
nominations, and Innoviz's projected future results. These
forward-looking statements generally are identified by the words
"believe," "project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"will," "would," "will be," "will continue," "will 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, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this announcement including but not
limited to, the ability to implement business plans, forecasts, and
other expectations, the ability to convert design wins into
definitive orders and the magnitude of such orders, the ability to
identify and realize additional opportunities, potential changes
and developments in the highly competitive LiDAR technology and
related industries, and our expectations regarding the
impact of the evolving conflict in Israel to our ongoing operations. The
foregoing list is not exhaustive. You should carefully consider
such risk and the other risks and uncertainties described in
Innoviz's annual report on Form 20-F filed with the SEC on
March 12, 2024 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 put undue reliance on forward-looking statements,
and Innoviz assumes no obligation and does not intend to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise. Innoviz gives no
assurance that it will achieve its expectations.
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Media Contact
media@innoviz-tech.com
Investor Contact
investors@innoviz-tech.com
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