Innoviz Enters Strategic Collaboration With Drive Group To Promote Integration Of Its InnovizSMART LiDAR Into Drive's Transportation Systems And Perimeter Security Solutions
Innoviz Technologies Ltd. INVZ | 0.00 |
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.
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.
