Innoviz Technologies and Ascendtek Sign Distribution Agreement to Increase LiDAR Sales throughout Greater China Region

  • Innoviz and Ascendtek partner to grow LiDAR sales for automotive and non-automotive applications in Greater China region.
  • Innoviz adds Ascendtek to its rapidly expanding global ecosystem of 30+ partners and distributors to accelerate high-performance LiDAR adoption worldwide.

TEL AVIV, Israel and NEW TAIPEI CITY, Taiwan, April 10, 2023 /PRNewswire/ — Innoviz Technologies Ltd. (Nasdaq: INVZ) (the “Company” or “Innoviz”), a technology leader of high-performance, automotive-grade LiDAR sensors and perception software, today announced that it has signed a distribution agreement with Ascendtek Electronics Inc. (“Ascendtek”), an integrated provider of advanced electronic systems, to drive sales of the company’s LiDAR solutions throughout the Greater China region.

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Pursuant to this agreement, Ascendtek intends to promote Innoviz’s LiDAR to its customers, aiming to accelerate the adoption…



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