Innoviz Technologies Ltd. announced the launch of InnovizSMART Long-Range, a new high-performance LiDAR sensor specifically tailored for smart applications. This product extends Innoviz's proven automotive-grade LiDAR performance to industrial and non-automotive sectors.
InnovizSMART is designed for a wide range of applications, including security, urban mobility, aerial platforms, robotics, and intelligent traffic management. The sensor offers a long-range solution with native Power over Ethernet (PoE) support, facilitating easy deployment and maintenance in various environments.
This strategic product launch represents Innoviz's diversification beyond the automotive industry, leveraging its core technology to address new market opportunities. The move into these industrial segments is expected to provide incremental revenue streams with significantly shorter design cycles and higher Average Selling Prices (ASPs) compared to automotive applications.
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