Drive Group, comprising six leading transportation and infrastructure companies in Israel, and the technology company Innoviz Technologies, a leading supplier of high-performance, automotive-grade LiDAR sensor platforms, announced the signing of a strategic collaboration agreement. The agreement is designed to promote the integration of Innoviz’s existing LiDAR technology (InnovizSMART) into Drive Group’s ITS (Intelligent Transportation Systems) and perimeter security solutions, with a specific focus on the joint project “Barak LightGuard.”
As part of the immediate commitments of the agreement, Drive Group issued an upfront purchase order (PO) to Innoviz, to purchase InnovizSMART units for integrating them into Drive’s Barak LightGuard systems with the goal of accelerating global market adoption in the fields of precise drone localization, critical infrastructure, border security, and Intelligent Transport Systems (ITS) and achieving a sales target of $20 million by the end of 2027. The collaboration aims to combine Innoviz’s outstanding LiDAR capabilities with Drive Group‘s operational expertise in ITS systems and perimeter security solutions.
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The “Barak LightGuard” system was developed by Barak 555, a subsidiary of Drive Group, integrating Innoviz’s InnovizSMART product together with the software company Cogniteam’s software. The system, which integrates a high-resolution 3D LiDAR sensor, a video camera, and AI-based analytics software, enables the detection and classification of objects (humans, vehicles, animals) at distances of up to approximately 1,000 meters, supporting perimeter intrusion detection for the defense and homeland security markets, including critical infrastructure facilities and border security.
Ohad Kopolovich, CFO of Drive Group: “This collaboration with Innoviz marks a major strategic milestone for Drive Group as we continue expanding our position as a leader in advanced technology solutions for transportation, critical infrastructure, and security markets. By integrating Innoviz’s world-class LiDAR technology into our platforms, we are significantly enhancing our ability to deliver next-generation AI-driven sensing to customers globally.”
Eldar Cegla, CFO of Innoviz Technologies, said: “We are pleased to see this commercial validation of InnovizSMART for the perimeter security and intelligent transportation applications. The collaboration with Drive Group provides a foundation for building a meaningful revenue stream, with a targeted $20 million sales opportunity over the course of the next 1.5 years.”
SOURCE: PRNewswire