• Innoviz and Ascendtek are collaborating to grow LiDAR sales for automotive and non-automotive applications Greater China Region.
• Innoviz adds Ascendtek Fast-growing global ecosystem of 30+ partners and distributors to accelerate global adoption of high-performance LiDAR.

Tel Aviv, Israel and new TAIPEI CITY, Taiwan, April 10, 2023 /PRNewswire/ — Innoviz Technologies Ltd. INVZ (the “Company” or “Innoviz”), a technology leader in high-performance, automotive-grade LiDAR sensors and perception software, announced today 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 across the country Greater China Region.

Under the terms of the agreement, Ascendtek intends to promote Innoviz’s LiDAR to its customers with the goal of accelerating the adoption of the company’s LiDAR solutions worldwide by strengthening Innoviz’s market presence worldwide Asia Pacific Region. Innoviz’s powerful LiDAR solutions offer mature, reliable, and ready-to-ship products for the automotive and non-automotive industries.

“We are excited to partner with Ascendtek to sell our LiDAR solutions. Innoviz continues to revolutionize and lead the LiDAR space, and working with our channel partners to support our global growth is extremely important to us,” said Tali Chen, Chief Business Officer at Innoviz. “We expect Ascendtek to be strong Greater China Customer base in the region and reach across different markets and industries, coupled with its deep technical understanding of cutting-edge semiconductor-based products, will help Innoviz meet the growing demand for high-performance LiDAR solutions across the region.”

“Ascendtek is one of the top distributors of advanced electronics for the Greater China automotive industry,” said Philip HusChairman of Ascendtek Electronics Inc. “We pride ourselves on providing our customers with the most advanced technologies and our partnership…