![]() Innoviz moving up the software stack, quoting new Minimum Risk Maneuver (MRM) system – MRM software and hardware acts as a failsafe to the primary autonomy system within a vehicle.Innoviz is well-positioned towards 2023 Start of Production (SOP) – The Company believes that it is well-positioned for production launches of Innoviz's BMW and shuttle programs, with volumes expected to increase in the second half of 2023.The conversations are running in parallel with several of the RFIs and RFQs in the Company's pipeline and have the potential to bring additional programs into the process. In discussions with NVIDIA for Hyperion platform – Innoviz is in discussions with NVIDIA about integrating into series production programs leveraging the Hyperion platform.Innoviz believes its 905nm solution is structurally advantaged, both in terms of technology and cost compared to 1550nm solutions. Furthermore, two of the Company's advancing RFQs would possibly also displace the same development-stage competitor. Potential displacement of a competitor – The Company believes that part of the reason the Company's new light commercial vehicle program is on an accelerated timeline is because it is potentially displacing a development-stage competitor.The Company also saw multiple programs advance from the RFI to the RFQ stage during the quarter and has a record level of activity in the RFQ stage, with more than five RFQ's currently in process. ![]()
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