Innoviz Technologies Ships First InnovizTwo LiDAR Units from Fabrinet's High-Volume Production Line

Core Insights - Innoviz has successfully shipped the first units of its InnovizTwo LiDAR product from Fabrinet, marking a significant milestone in its production ramp-up and quality assurance processes [1][2] - The partnership with Fabrinet allows Innoviz to efficiently scale production to meet the growing demand for autonomous vehicle solutions globally [2][3] Group 1: Production and Quality - The production ramp-up at Fabrinet's facility involved extensive training and collaboration to ensure compliance with Innoviz's quality standards [1] - The successful assembly of the first units indicates Innoviz's readiness to deliver high-volume production while maintaining quality [1] Group 2: Strategic Partnership - Fabrinet has been selected as Innoviz's manufacturing partner for the InnovizTwo LiDAR platform, leveraging its global manufacturing footprint to enhance production efficiency [2] - This partnership positions Innoviz to meet the increasing demand from automotive OEMs and mobility companies for scalable solutions [2] Group 3: Company Overview - Innoviz is recognized as a global leader in LiDAR technology, serving major automotive manufacturers and aiming for a future with safe autonomous vehicles [3] - The company's LiDAR and perception software surpass human driving capabilities, adhering to the automotive industry's stringent performance and safety standards [3]