Innoviz enters into a new agreement with a leading autonomous driving technology company to evaluate the development of enhanced on-sensor perception software

TEL AVIV, Israel, May 13, 2026 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading supplier of high-performance, automotive-grade LiDAR sensor platforms, today announced a new software development agreement with a leading autonomous driving technology company. Under the agreement, the parties will evaluate on-sensor LiDAR perception capabilities for the InnovizTwo LiDAR platform and deliver a development plan. The collaboration extends Innoviz's LiDAR embedded software to potentially deepen Innoviz's role within the existing LiDAR supply relationship.