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Innoviz Launch MEMS-based Scanning LiDAR Solution

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Innoviz Technologies, a provider
of LiDAR sensing solutions, has announced the
commercial launch of InnovizPro, a
stand-alone, solid-state, MEMS-based scanning LiDAR solution.

A CES Innovation Awards winner in the Vehicle Intelligence
and Self-Driving Technology category, InnovizPro leapfrogs other LiDAR systems
to deliver 3D sensing at a significantly lower cost. InnovizPro is the only LiDAR
currently available that delivers on all of the automotive industry's needs for
performance, reliability, cost, compact size and product maturity. Now
available for purchase, InnovizPro allows Innoviz's partners in the automotive
industry to test and develop the next generation of autonomous driving programs
reliably and affordably. Moreover, the current availability of InnovizPro opens
the door for Innoviz to tap into additional markets, including industrial
automation, security and surveillance, logistics and others.

The product's exceptionally high frame rate, combined with
its high angular resolution and wide field of view, enables it to create a
dense 3D point cloud with high accuracy. Meanwhile, its long detection range of
up to 150 meters allows it to see with precise clarity at distance. Combined,
these features enable InnovizPro to deliver superior accuracy even in the dark
of night, cases of bright sunlight or quickly changing weather, and when the
vehicle is traveling at highway speeds. Its advanced design also allows
fine-tuning of regions of interest and ensures reliability and resilience to
sunlight.

"InnovizPro provides immediate accessibility to our advanced
LiDAR technology and marks a giant leap forward for the entire autonomous
vehicle market," said Omer Keilaf, CEO & Co-Founder of Innoviz. "We are
addressing a major need for high-resolution scanning technology at lower cost,
with no minimum order required. While we continue to work towards
automotive-grade LiDAR with InnovizOne, our partners can order InnovizPro now
in order to gain access to the most advanced LiDAR currently available."

Founded in early 2016 and backed by US$82 million in
funding, Innoviz is one of the first LiDAR providers to deliver a complete
product to market. With more than 110 employees worldwide, Innoviz has signed
strategic partnerships to manufacture as well as integrate its LiDAR into the
autonomous driving systems of market leaders and Tier-1 suppliers including
Aptiv (Delphi Automotive) and Magna International. Innoviz will continue to
improve upon its industry-leading scanning performance with the introduction of
InnovizOne, the company's built-in, automotive grade LiDAR for levels 3 - 5
autonomous driving. InnovizOne will feature even higher standards of
performance, reliability, size and affordability. Samples of InnovizOne will be
available in 2019.

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