TEL AVIV - Innoviz Technologies Ltd. (NASDAQ: INVZ), known for its high-performance, automotive-grade LiDAR sensors and perception software, announced the launch of InnovizSMART Long-Range. This new LiDAR sensor is designed for a range of smart applications including security, urban mobility, aerial systems, robotics, and intelligent traffic management. The company, which has shown strong momentum with a 36% price return over the past six months according to InvestingPro data, maintains a solid financial position with more cash than debt on its balance sheet.
The InnovizSMART Long-Range sensor aims to bring automotive-grade performance to these smart applications by offering advanced features like long-range detection up to 400 meters, blockage resilience, and a uniform field of view. It integrates Power over Ethernet (PoE) for simplified installation and maintenance, particularly in urban settings.
Omer Keilaf, CEO and Co-Founder of Innoviz, emphasized the sensor’s foundation on the company’s automotive technology, ensuring quality and standard suitable for smart infrastructure. InnovizSMART Long-Range has been engineered to ensure privacy, as it captures spatial data without identifying personal characteristics, aligning with the rising global standards for privacy in public spaces.
The new sensor is poised to assist cities and solution providers in enhancing safety and efficiency through its reliable, durable, and privacy-conscious design. Innoviz’s move to expand its technology to smart city applications reflects its commitment to innovation and the growing demand for intelligent infrastructure solutions.
Innoviz, a global leader in LiDAR technology, serves as a Tier-1 supplier to leading automotive manufacturers and is actively contributing to the development of safe autonomous vehicles. With operations in the U.S., Europe, and Asia, Innoviz continues to partner with major car brands and commercial entities for various applications.
This announcement is based on a press release statement from Innoviz Technologies. The company’s forward-looking statements are subject to risks and uncertainties that could affect future results and operations, as outlined in its filings with the U.S. Securities and Exchange Commission.
In other recent news, Innoviz Technologies Ltd. has received a non-compliance notice from Nasdaq due to its shares trading below the $1.00 minimum bid price for 30 consecutive business days. The notification was issued by the Nasdaq Listing Qualifications Department on March 26, 2025. Despite this, Innoviz’s shares will continue to be listed and traded on the Nasdaq Capital Market. The company has been granted a 180-day grace period, ending on September 22, 2025, to regain compliance by having its shares close at or above $1.00 for at least ten consecutive trading days. If Innoviz does not meet this requirement within the initial period, it may qualify for an additional 180-day extension, contingent on meeting all other Nasdaq listing standards. Innoviz is actively monitoring its share price and evaluating strategies to meet Nasdaq’s conditions. The company emphasizes that these developments are based on current expectations and are subject to risks and uncertainties detailed in its SEC filings.
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