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Innoviz Technologies Reports 2021 Second Quarter Financial Results TEL AVIV , Israel , August 11 , 2021 - Innoviz Technologies ( Nasdaq : INVZ ) , a technology leader of high- performance , solid - state LiDAR sensors and perception software , today reports financial results for the second quarter ended June 30 , 2021. Innoviz reaffirms its previously announced long - term guidance , increases its order book potential wins , and provides operational updates on commercial traction , technology leadership and corporate development . Commercial Traction • • . Significant progress and high performance in the company's global business generation strategy with prospects and potential customers , facilitated by its research and development teams . Realized continued momentum from the shuttle program design win continued and we aim to increase our volume through additional orders in the near future . Won an advanced development project with a European autonomous truck company , which provides for Innoviz to equip the customer's 2021 fleet with Innoviz technology . Innoviz believes it is well - positioned to pursue multi - year contracts after the testing phase is complete . Secured four new technical partnerships that expanded the company's presence in Asia : 1. Edom - One of Asia's largest electronics and semiconductor distributors will seek to drive sales and enhance support initiatives for Innoviz's LiDAR solutions in the Greater China region . 2. Whale Dynamic - China based full stack L4 autonomous driving company . Their platform will utilize InnovizOne LIDARs , replacing previous generation Innoviz LiDAR , as its primary sensors with the goal of creating the world's best sensor fusion design . 3. SpringCloud - Korea based B2B Autonomous Mobility as a Service ( MaaS ) provider , with a platform conducting autonomous driving data analysis and perception validation . SpringCloud will distribute Innoviz products in Korea across multiple sectors . 4. Curium - Singapore based autonomous driving platform provider focused on the calibration and integration of LIDARS and other sensors for autonomous driving that will promote Innoviz LiDAR in the region . Technology Leadership • Completed several design cycles and are on the verge of freezing the hardware design for Innovizone . Innoviz believes it is among the first in the industry to reach this milestone and is seeing strong traction for the product .