TEL AVIV, Israel, Feb. 8, 2022 /PRNewswire/ — Innoviz Systems, Ltd., (Nasdaq: INVZ), a top company of significant-effectiveness, sound-state LiDAR sensors and perception program, is happy to announce that it has accomplished compliance with automotive regular IATF 16949:2016. The compliance assertion acknowledges Innoviz for building its personal automatic production procedures and complying with this standard alone in addition to its supply chain.
The International Automotive Process Force (IATF) is billed with delivering improved high-quality products and solutions to automotive shoppers globally and is composed of planet-primary automotive manufacturers, together with Innoviz’s spouse BMW. The IATF 16949:2016 standard is the most greatly employed high quality management common for the automotive field and certifies that Innoviz has the method-oriented high quality administration systems to enable ongoing enhancements, prevent defects, and cut down variation and squander in the offer chain.
This certification is proof that Innoviz has solved the producing obstacle of developing substantial-good quality LiDAR regularly and quickly, generating it less difficult for Tier-1 suppliers and automakers outside of its companions Magna Worldwide, Aptiv, HiRain, Harman International Industries, and BMW, to adopt Innoviz’s LiDAR technologies for superior driver-guidance systems (ADAS) and autonomous driving applications.
“The mass deployment of autonomous automobiles is entirely dependent upon the industry’s skill to manufacture automotive-grade LiDAR technological innovation that meets the two efficiency and price requirements,” said Omer Keilaf, CEO and co-founder of Innoviz. “We have been doing the job carefully with the automotive sector for many years to create our LiDAR technologies. Not only does this recognition set us in a solid placement to capitalize on the buyer AV sector, but as a third-occasion validation, this is also additional proof of our attempts to make our products and solutions as responsible and safe and sound as any other car or truck element”
“Accomplishing IATF compliance marks a key milestone for Innoviz and positions us ahead of the levels of competition in the marketplace for automotive-grade LiDAR technologies,” claimed Shmuel Mironi, director of top quality and dependability at Innoviz. “Our staff is driven by a determination to high-quality and basic safety over all else, and we’re delighted our initiatives have paid off.”
About Innoviz Systems
Innoviz is a international chief in LiDAR technologies, operating toward a foreseeable future with safe and sound autonomous motor vehicles on the world’s roads. Innoviz’s LiDAR and perception software package “see” far better than a human driver and decrease the risk of mistake, meeting the automotive industry’s strictest expectations for functionality and security. Running throughout the U.S., Europe, and Asia, Innoviz has been elected equally by an internationally-recognized quality auto model for use in buyer vehicles as properly as by other commercial and industrial leaders for a large array of use instances. For a lot more info, pay a visit to www.innoviz.tech.
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Ahead On the lookout Statements
This announcement consists of certain forward-looking statements within just the that means of the federal securities guidelines, such as statements concerning the expert services offered by Innoviz, the anticipated technological functionality of Innoviz’s products, the markets in which Innoviz operates and Innoviz’s projected future effects. These forward-wanting statements generally are recognized by the text “think,” “undertaking,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “long run,” “prospect,” “approach,” “may,” “must,” “will,” “would,” “will be,” “will continue on,” “will very likely result,” and similar expressions. Ahead-seeking statements are predictions, projections and other statements about long run activities that are based on latest expectations and assumptions and, as a consequence, are subject to risks and uncertainties. Numerous variables could cause true long run occasions to differ materially from the forward-looking statements in this announcement, like but not confined to, the capability to employ organization ideas, forecasts, and other anticipations, the means to identify and recognize more alternatives, and likely changes and developments in the really aggressive LiDAR technological innovation and linked industries. The foregoing checklist of aspects is not exhaustive. You must thoroughly take into account the foregoing things and the other pitfalls and uncertainties explained in Innoviz’s yearly report on Kind 20-F filed with the SEC on April 21, 2021 and other paperwork filed by Innoviz from time to time with the SEC. These filings identify and deal with other crucial pitfalls and uncertainties that could bring about actual situations and effects to vary materially from those people contained in the ahead-looking statements. Ahead-seeking statements discuss only as of the day they are produced. Visitors are cautioned not to place undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-hunting statements, whether as a consequence of new facts, potential situations, or or else. Innoviz provides no assurance that it will realize its anticipations
Source Innoviz Systems