Latest news with #LiDAR
Yahoo
12 hours ago
- Automotive
- Yahoo
This Self-Driving Car Stock Is Heating Up as Tesla Puts the Spotlight on Robotaxis. Should You Buy It Here?
Innoviz (INVZ) shares have been in focus in recent sessions as Tesla's (TSLA) upcoming launch of robotaxi services in Austin keeps investors particularly interested in self-driving car stocks. However, the company that specializes in LiDAR sensors is not riding on speculation only. In fact, Innoviz has just landed two major agreements that could boost its capabilities as well as the stock price. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! On Wednesday, Innoviz stock is up some 20% on the back of a deal with Cogniteam and another with a renowned global automaker. Innoviz has signed a 'Statement of Development Work' with a top-5 global automaker to supply its InnovizTwo LiDAR system for a Level 3 autonomous driving vehicle slated for production in 2027. INVZ will soon begin delivering hundreds of tailored sensors and software modules, positioning the company as a Tier-1 partner. This agreement accelerates the Nasdaq-listed firm's move into the mass-market automotive space and opens the door to large-scale production deals. For Innoviz stock, this means three significant benefits: near-term revenue from early deliveries, long-term upside tied to a production contract, and validation from a blue-chip OEM. As CEO Omer Keilaf said in a recent press release, working with 'one of the most respected automotive manufacturers' boosts INVZ's credibility and market positioning. Innoviz's collaboration with Cogniteam, announced this morning, integrates the latter's AIoT analytics into InnovizSMART Long-Range LiDAR. The outcome? A plug-and-play solution that finds far-reaching applications within the safety and security niche. This deal helps diversify INVZ's revenue streams beyond automotive manufacturing. It taps into the fast-growing security and surveillance market – which typically offers higher margins and quicker sales cycles. In short, the Cogniteam partnership underscores Innoviz's ability to leverage the same LiDAR tech in versatile, value-added applications – enhancing its competitive moat. Despite an explosive rally over the past two months, Wall Street analysts continue to see significant further upside in Innoviz stock. According to Barchart, the consensus rating on INVZ shares remain at 'Strong Buy' with the mean target of $2.41 indicating potential upside of roughly 80% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
18 hours ago
- General
- The Hindu
Residents welcome Corpn. move to revamp Otteri Nullah, demand steps to remove encroachments
Many people living near Otteri Nullah face a crisis everyday. As untreated sewage and garbage accumulate in the waterbody, residents find the air becoming increasingly toxic by the day. The Greater Chennai Corporation (GCC) has rolled out a ₹65-crore plan to desilt and raise the walls of the 10.8-km-long Otteri Nullah. The maintenance of the canal was transferred from the Water Resources Department (WRD) to the GCC in October 2024. Meanwhile, residents say that unless the effluent discharge is stopped and encroachments removed, floods will continue to plague the city during monsoon, and health risks abound. Welcoming the GCC project, Sandhya Vedullapallai of the Federation of Anna Nagar Residents' Association said, 'A study to analyse the air quality, as well as measures to curb the release of effluents, such as household sewage and wastewater from factories in Pattaravakkam and Ambattur Industrial Estate, into the waterbody are crucial.' People living close to the canal need to replace their air conditioners every three months as the air is toxic, she added. According to her, dredging and rejuvenation alone will not fully prevent inundation in Anna Nagar and Perambur, and flood diversions have been planned to address this. Surplus water 'Flooding is mainly because of surplus water received by Otteri Nullah from Ayapakkam, Ambattur, Kolathur, and Villivakkam lakes during the monsoon. This leads to backflow of water from the Buckingham Canal, which in turn results in overflow from the canal,' Ms. Vedullapalli further said. According to J.M.S. Nagarajan of the Alliance of Residents' Welfare Associations and Anna Nagar Western Extension Association, a Madras High Court ruling had directed the Corporation Commissioner to look for encroachments adjacent to the Otteri Nullah, and remove them. 'But this exercise is yet to be undertaken. Encroachments and the dumping of garbage reduce the width of the Nullah considerably,' he added. Detailed Project Report The GCC's project is planned to be taken up in Royapuram, Thiru-Vi-Ka Nagar, and Anna Nagar Zones (V, VI and VIII) from near Padi Flyover to Buckingham Canal. The DPR proposed bridge and infrastructure improvements, canal maintenance and desilting, pollution control, prevention of encroachments, and the creation of a blue-green corridor. 'Bathymetry and drone LiDAR surveys have been conducted for topographical and hydraulic assessment. The tender for this project is expected to be finalised on July 7. Work will begin after this. Roughly ₹5 crore is allocated for cleaning waste and desilting alone. The project includes the removal of 2.95 lakh cubic metres of sludge, plastic waste, and weeds, using machines that can dig up to 8 metres,' an official in the Storm Water Drain Department of the Chennai Corporation said. 'Bathymetry and drone LiDAR surveys have been conducted for topographical and hydraulic assessment. The tender for this project is expected to be finalised on July 7. Work will begin after this. Roughly ₹5 crore is allocated only for cleaning waste and desilting. The project includes the removal of 2.95 lakh cubic metres of sludge, plastic waste, and weeds using machines that can dig up to 8 metres,' said an official in the Storm Water Drain Department of the Chennai Corporation. Otteri Nullah GCC overview Canal Name: Otteri Nullah Length: 10.8 km Longest drainage channel with multiple connecting drains, prone to encroachments. The Otteri Nullah begins at the 100 Feet Road near Anna Nagar 18th Street and flows through Anna Nagar, RV Nagar, VOC Nagar, Kilpauk Garden, Kellys, Perambur, and Kannigapuram, before discharging into the North Buckingham Canal near Basin Bridge The maximum depth of Otteri Nullah is 2.5 metres, according to Greater Chennai Corporation' DPR. It carries a flood discharge of 3,600 cusecs as per WRD records. The canal intersects with 32 cross culverts and has 27 existing bridges, of which seven are identified as major bottlenecks. Flooding issues in Chennai's Urban Drainage system GCC noted that there is an increasing frequency of urban flooding as experienced in 1943, 1976, 1985, 2005, 2015, 2017, 2021, and 2023 due to heavy rainfall and cyclonic activity. Hotspots After recurrent floods during the North-East Monsoon in 2017, 2021 and 2023, six flooding hotspots were identified along the canal: from Thirumangalam Road Bridge to GCC Park; along Anna Nagar 6th Avenue Road; near the K4 Police Station Bridge; in tree-lined street flanks; across the Avadi Road Bridge near a collection pond; and areas adjacent to SPR City and other high-rise developments, GCC's Detailed Project Report (DPR) stated.
Time Business News
a day ago
- Business
- Time Business News
Cutting-Edge Innovations Driving the Autonomous Ships Market
Ships categorized as autonomous ships employ new technologies, including artificial intelligence (AI), sensors, and GPS with little to no human interaction. The autonomous ships market is experiencing rapid growth, primarily due to new AI technologies, improvements to machine learning, and sensors that provide a safer and more efficient navigation with minimal human involvement. Such technologies eliminate or significantly decrease fuel use, emissions, while also lowering labor costs, and increasing cargo capacity. As well, government and private partnerships, along with increased defense applications are adding fuel to the market's growth. Key Growth Drivers and Opportunities Integration of Advanced Sensors and Communication Systems: Advanced sensors and communication system sensors such as radar, LiDAR, GPS, and 5G- enable accurate navigation, hazard detection, and real-time communication ship to shore. These systems enable remote control of the vessel, reduce human errors, and enhance safety, making autonomous vessels tingle with more potential for commercial and defence applications. Challenges The autonomous ships industry faces limits of action associated with development and implementation costs, regulations and regulatory uncertainty, cybersecurity and the absence of global standards and legal frameworks for autonomous operations hampering the adoption of 'autonomy'. Achieving reliable performance in a variety of complex maritime environments, total cyber security, the use of fully autonomous merchant vessels as mass vessels, is a key technical goal. Furthermore, there are social concerns regarding isolation from job loss, and uncertainty about a reliable communications infrastructure holding market development back. Innovation and Expansion Zero USV, launched World's First Fully Autonomous Uncrewed Surface Vessels In March 2025, Zero USV, launched World's First Fully Autonomous Uncrewed Surface Vessels at Manor Marine in Portland, Dorset, U.K., bringing the British business Zero USV one step closer to providing what it calls 'the world's first' charter fleet of totally autonomous uncrewed surface vehicles. From Zero USV's home port of Plymouth, the fully furnished ship is now prepared for commissioning and integration testing. The first Oceanus12's launch, according to the business, is the result of over 18 months of design, engineering, and construction work by the Zero USV team. Blue Water Autonomy Enters a New Era of Autonomous Shipping by Breaking Stealth Mode In April 2025, Blue Water Autonomy, Inc., a technology startup developing autonomous ships for the U.S. Navy, came out of stealth and revealed USD 14 million in early investment from Impatient Ventures, Eclipse, and Riot. The business is developing a highly producible, fully autonomous ship that can perform a variety of open-ocean operations. Blue Water Autonomy was established in 2024 by executives who had previously worked with Amazon Robotics, iRobot, and the US Navy. In less than a year, the company has created a full-stack autonomy suite, started salt-water testing, and created concept ship designs. South Korea Releases a 2025 Roadmap to Advance the Technology of Autonomous Marine Vehicles In April 2025, South Korea will develop a long-term plan to commercialize autonomous marine vehicle technology with the goal of advancing the maritime sector. According to the Ministry of Oceans and Fisheries, the plan consists of a 10-year roadmap that focuses on creating technologies for autonomous boats, transforming the marine shipping sector to accommodate these technologies, hiring specialist personnel, and updating pertinent domestic regulations. Inventive Sparks, Expanding Markets In an autonomous ships market, company players such as rolls-royce, Wärtsilä, ABB, L3Harris, and Mitsui E&S, are addressing sustainable development, regulatory compliance, partnerships/synergies, and technology development. AI, data and sensors needs to develop in terms of navigation, safety and efficiencies. Larger companies need partnerships with IT companies, shipbuilders, and maritime authorities to market development by accelerating the market adoption of solutions and jointly growing solutions to the best effective way. About Author: Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business. TIME BUSINESS NEWS
Yahoo
2 days ago
- Business
- Yahoo
Innoviz Technologies and Cogniteam Partner to Deliver Advanced Safety and Security Solutions with InnovizSMART and Cogniteam's Analytics
Partnership combines InnovizSMART's Long-Range LiDAR with Cogniteam's AI-driven analytics for an off-the-shelf solution to enhance real-time safety, security and threat detection TEL AVIV, Israel, June 18, 2025 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensors and perception software, announced today a partnership with Cogniteam Ltd., the AIoT and robotics cloud platform. The collaboration combines Innoviz's cutting-edge InnovizSMART Long-Range LiDAR with Cogniteam's robust analytics and management platform to offer an innovative, turnkey observation solution for a wide range of safety and security applications. InnovizSMART enables accurate object detection even in harsh outdoor conditions, like dust, sunlight, and rain, and has outstanding long-range capabilities of up to 400 meters. When integrated with Cogniteam's intelligent analytics, the combined solution allows real-time monitoring and enhanced threat detection by sending instant notifications to the customer's mobile device, reducing response time and improving decision-making processes. With Innoviz's Long-Range LiDAR and Cogniteam's advanced software, the combined solution provides a comprehensive, plug-and-play system for users. "We are excited to partner with Cogniteam to bring a state-of-the-art, integrated security solution to the market," said Elad Hofstetter, Chief Business Officer at Innoviz. "InnovizSMART's high-performance LiDAR, combined with Cogniteam's AI-powered analytics, offers an improved solution for real-time monitoring, object detection, and threat identification. This partnership aligns with our commitment to providing intelligent tools that enhance safety and security across various industries." "Cogniteam's platform, combined with InnovizSMART's advanced LiDAR, makes it easier than ever for organizations to protect critical infrastructure," said Dr. Yehuda Elmaliah, Co-founder and CEO of Cogniteam. "Together, we are providing an intelligent, scalable solution that empowers customers to quickly deploy and monitor no-entry zones, ensuring safety and security at all times." InnovizSMART Long-Range is a rugged and reliable high-performance LiDAR sensor tailored for smart applications such as security, mobility, aerial, robotics, and intelligent traffic management. It features low-power consumption, a uniform field of view, and high-resolution 3D point cloud, that enables accurate object detection at distances of up to 400 meters. Already deployed in security settings, the InnovizSMART and Cogniteam solution is an off-the-shelf, turnkey offering, ready for immediate use by safety and security professionals. This integration exemplifies the growing potential of LiDAR and AI-powered analytics to transform the safety and security industry. For more information about InnovizSMART Long-Range, email: sales@ About Innoviz Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit Join the discussion: Facebook, LinkedIn, YouTube, Twitter Media ContactMedia@ Investor Contact Investors@ Forward Looking Statements This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates and Innoviz's projected future operational and financial results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations regarding the impact of the evolving conflict in Israel to our ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risk and the other risks and uncertainties described in Innoviz's annual report on Form 20-F for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission ("SEC") on March 12, 2025 and in other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations. Video - - View original content to download multimedia: SOURCE Innoviz Technologies Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
&w=3840&q=100)
Business Standard
2 days ago
- Automotive
- Business Standard
Musk reveals Tesla robotaxi rollout plans: What is it, how does it work?
Tesla CEO Elon Musk has announced the tentative rollout of the company's long-awaited robotaxi service, starting June 22 in Austin, Texas. Musk made the statement in response to a query on social media platform X, adding that the launch date could change depending on developments. "We are being super paranoid about safety, so the date could shift," he said. Last week, Musk shared a video showing a Tesla vehicle navigating Austin autonomously, without a driver behind the wheel. The footage signals that Tesla is moving closer to launching its self-driving taxi service. Musk also revealed that a Tesla vehicle will, for the first time, 'fully drive itself from the factory end of line all the way to a customer house' on June 28. What is a robotaxi? A robotaxi is a fully autonomous vehicle designed for ride-sharing without a human driver. These vehicles utilise a combination of AI, sensors, cameras, radar and LiDAR technology to interpret and respond to their environment. Many robotaxis, including Tesla's, run on electric power or hybrid systems, offering both technological advancement and environmental sustainability. Benefits of robotaxi services Robotaxis are expected to transform urban transport by lowering operational costs, improving safety, and offering on-demand service round the clock. By eliminating human error, these vehicles can potentially reduce road accidents. Their electric design also contributes to lowering emissions and easing urban pollution levels. Inside Tesla's robotaxi plans The Tesla robotaxi seen in the recent video is a Model Y with 'robotaxi' branding, equipped with Tesla's Full Self-Driving (FSD) software. 'With the software update, it will become autonomous,' Musk said. He clarified that the vehicles set to operate in Austin are standard production Model Ys with no physical changes. This model is distinct from Tesla's 'cybercab', unveiled in October 2024, which is a separate, purpose-built autonomous vehicle still under development. In a recent CNBC interview, Musk said Tesla's robotaxi will operate under remote supervision and be confined to geofenced zones considered safe for autonomous navigation. The initial rollout will involve 10 robotaxis, with expansion planned across cities such as Los Angeles, San Antonio, and San Francisco. Facing off with Waymo and Cruise Tesla's robotaxi will enter a competitive landscape currently led by Alphabet's Waymo, which has offered self-driving cab services in cities including Austin since 2020. Waymo handles about 250,000 trips weekly using custom-modified Chrysler Pacifica and Jaguar I-PACE vehicles with advanced sensor arrays. Another key player is Cruise, backed by General Motors. It had begun operating autonomous Chevrolet Bolt EVs in cities like San Francisco and Phoenix before a major accident in 2023 prompted a pause. Cruise is now focused on rebuilding trust and plans to relaunch its Origin robotaxi—a steering wheel- and pedal-free vehicle—for limited use in the near future. Tesla's primary advantage lies in its vertically integrated system. It controls everything from vehicle hardware and software to its charging infrastructure. The use of existing Model Y production units could allow Tesla to scale its robotaxi service faster than rivals, who are reliant on mass-producing bespoke vehicles.
