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


The Greater China region will benefit from increased sales of the company's LiDAR solutions thanks to a distribution agreement that Innoviz Technologies Ltd., a leader in the field of high-performance, automotive-grade LiDAR sensors and perception software, has signed with Ascendtek Electronics Inc. ("Ascendtek").

By enhancing Innoviz's market position in the Asia-Pacific region, Ascendtek plans to promote Innoviz's LiDAR to its clients in order to hasten the adoption of the Company's LiDAR solutions globally. For both the automotive and non-automotive industries, Innoviz's high-performance LiDAR solutions provide established, trustworthy, and ready-to-ship products.

"We are pleased to partner with Ascendtek to distribute our LiDAR solutions. Innoviz continues to disrupt and lead the LiDAR space, and working with our distributor partners to help support our global growth is extremely important to us," said Tali Chen, Chief Business Officer at Innoviz. "We expect that Ascendtek's strong Greater China region customer base and reach across various markets and industries, paired with its deep technical understanding of cutting-edge semiconductor-based products, will help Innoviz meet the growing demand for high-performance LiDAR solutions throughout the region."

"Ascendtek is one of the top distributors of advanced electronics to the Greater China automotive industry," said Philip Hsu, Chairman of Ascendtek Electronics Inc. "We proudly offer our clients the most cutting-edge technologies, and our partnership with Innoviz is expected to help us provide more complete and industry-leading solutions for autonomous driving systems. Together with Innoviz, we look forward to developing more opportunities in both automotive and non-automotive sectors across the Greater China region."

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