Delphi Automotive PLC (NYSE: DLPH) has signed a commercial partnership agreement with Innoviz Technologies, a leading Israeli-based company developing LiDAR technology for the mass commercialization of autonomous vehicles. Innoviz's proprietary LiDAR sensing solutions will be integrated into Delphi's systems to provide automakers with a comprehensive portfolio of autonomous driving technologies.
Innoviz LiDAR technology utilizes a solid-state design to provide longer-range scanning performance and superior object detection and accuracy capabilities. Long range LiDAR is critical for enabling Level 3 and Level 4 autonomous vehicles to travel at high speeds, as these vehicles will need to identify objects at far distances and in great detail in order to operate safely.
"Along with radar and vision technology, LiDAR is an essential component to Delphi's automated driving perception suite," said Glen De Vos, Delphi Automotive senior vice president and chief technology officer. "Innoviz is developing a product that provides a high performance intelligent sensing solution to help advance automated driving technology."
"Delphi shares our vision for making vehicles smarter and safer," said Omer Keilaf, co-founder and CEO of Innoviz. "By challenging the conventions of LiDAR design, we were able to develop a LiDAR solution that delivers superior performance at a reasonable price and in a much smaller footprint – three factors that are required to help autonomous driving achieve mass commercialization."
To further support the commercial partnership, Delphi has also made a minority investment in Innoviz.
Delphi Automotive PLC is a high-technology company that integrates safer, greener and more connected solutions for automotive and transportation sectors. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 46 countries. Visit delphi.com <http://www.delphi.com/>
About Innoviz Technologies
Innoviz develops cutting-edge LiDAR remote sensing solutions to enable the mass commercialization of autonomous vehicles. The company's LiDAR products, InnovizOne™ and InnovizPro™, offer solid-state design that uses Proprietary technology to deliver superior performance at the cost and size required for mass market adoption. Headquartered in Israel, the company was founded in January 2016 by former members of the elite technological unit of the Israeli Defense Forces with renowned expertise in the fields of electro-optics, computer vision, MEMS design and signal processing. Innoviz is backed by top-tier investors including Vertex Venture Capital, Magma Venture Partners, Amiti Ventures, Delek Motors and Mr. Zohar Zisapel. For more information, visit www.innoviz.tech <http://www.innoviz.tech/> .