Innoviz Technologies, Ascendtek sign distribution pact to boost Chin LIDAR sales

Innoviz Technologies announced that it has signed a distribution agreement with Ascendtek Electronics to drive sales of the company’s LiDAR solutions throughout the Greater China region. Pursuant to this agreement, Ascendtek intends to promote Innoviz’s LiDAR to its customers, aiming to accelerate the adoption of the Company’s LiDAR solutions globally, by strengthening Innoviz’s market presence across the Asia-Pacific region. Innoviz’s high-performance LiDAR solutions offer mature, reliable and ready-to-ship products for the automotive and non-automotive industries.