Innoviz Technologies Ltd. (NASDAQ:INVZ) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET
Company Participants
Omer Keilaf - Chief Executive Officer
Eldar Cegla - Chief Financial Officer
Conference Call Participants
Mark Delaney - Goldman Sachs
Jared Maymon - Berenberg
Andres Sheppard - Cantor
Samik Chatterjee - JPMorgan
McClain Culver - Rosenblatt Securities
Operator
Please go ahead.
Omer Keilaf
Thank you, Ralph [ph], and welcome to the team. Good morning everyone and thank you for joining us. I am excited to provide another update on the meaningful progress we have been making at Innoviz. This has been another fast-moving quarter with new design wins, new technology partnerships, significant upgrades to our manufacturing throughput and a big step forward in our move into the non-automotive market.
Let’s start things off with a look at our most recent new customer win. After our Volkswagen announcement last quarter, we said that we had two to three additional OEMs that could make a decision in the next six months.
Proving true to our word, we announced in September that we secured yet another production award with a new Asia-based customer. Not only is this our fourth production win and our second win as a Tier 1, it also signals an exciting acceleration in our momentum, delivering back to back production wins just one quarter out.
We will dig a little deeper into our pipeline later in the call, but let’s first take a look at this most recent deal. The new contract is with an Asian OEM who we cannot name yet, but is on a fast track to becoming an emerging global EV leader. There are some very important parts of the deal that I want to touch on.
First and foremost, this is an extremely tech forward OEM. They took a close look
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