Innoviz Technologies (INVZ) announced a multi-year NRE payment plan of approximately $80M with key existing customers which is expected to bolster the company’s financial position. NREs are expected to be paid between 2025 and 2027, of which over $40M are expected to be paid in 2025 with further amounts expected in 2026 and 2027. These payments will be incremental to revenues generated from ongoing sales of LiDAR products based on existing and new orders coming from new programs.
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