Innoviz Technologies (INVZ) Stock Gets Fresh LiDAR Deal Boost Before Q1 Earnings
Innoviz Technologies Ltd. secured a pair of new commercial deals in LiDAR, the laser-driven tech used for high-res 3D mapping. These latest wins provide the Israeli sensor firm with fresh momentum just ahead of its first-quarter earnings release. Kela Technologies and Innoviz announced on Wednesday a framework deal that could see Kela buying several hundred InnovizTwo sensors, with the option to ramp up to thousands over the next few years. Those sensors are headed for use in armored vehicles, as well as border and perimeter defense roles.