May 23, 2022

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Feel It – Automotive!

Innoviz Expands Board of Administrators with World wide Know-how and Automotive Industry Veterans

6 min read

These appointments follow the consummation of Innoviz’s merger with Collective Progress Corporation (formerly Nasdaq: CGRO) on April 5, 2021.

The adhering to supplies information and facts about the new appointees to Innoviz’s board of directors:

  • Chairman of the Board: Amichai Steimberg, Previous CEO of Orbotech Ltd.
    Mr. Steimberg earlier served as President and Chief Working Officer of Orbotech Ltd. from 2013 to 2019, and as Main Executive Officer of Orbotech Ltd. from 2019 to 2020. Mr. Steimberg is the President and Chief Working Officer of Israel Amplify Software Corp., and serves as a board member in many personal businesses, including as Chairman of the Board of Administrators at Airovation Technologies Ltd. From September 2020 to January 2021, Mr. Steimberg served as Chairman of the Board of Directors of Highcon Program Ltd., an Israeli business listed on the Tel Aviv Stock Trade. Mr. Steimberg holds a BSc in Agricultural Economics and Company Administration from the Hebrew University in Jerusalem.
  • Aharon Aharon, CEO of Israel Innovation Authority
    Due to the fact 2017, Mr. Aharon has served as the Main Executive Officer of the Israel Innovation Authority, an independent general public entity that promotes Israel’s innovation ecosystem. Prior to that, Mr. Aharon served as the Corporate Vice President of Hardware Technologies and General Manager of Apple Israel from 2011 to 2017, and as the CEO of Camero from 2004 to 2010 (at which time the corporation was obtained). Mr. Aharon served as Chairman of the Board of Directors at Discretix Systems from 2003 to 2010 (the corporation was subsequently acquired by ARM in 2014) and as COO at Zoran, a NASDAQ traded business from 1996 to 2001. Mr. Aharon holds a B.Sc in Laptop or computer Engineering and a M.Sc in Electrical Engineering from the Israel Institute of Technology.
  • Ronit Maor, Chief Economical Officer of Earnix Inc.
    Given that 2017, Ms. Maor has served as the Chief Economical Officer of Earnix Inc., a leading SaaS corporation furnishing an AI-pushed pricing, score and product personalization for insurance plan and banking customers. Prior to joining Earnix Inc., Ms. Maor was the Chief Financial Officer at Pontis, a leading electronic client engagement enterprise, from 2012 until eventually its acquisition by Amdocs in 2016. Ms. Maor retains a BSc in Industrial Engineering and Management from the Tel Aviv University.
  • Dan Falk, Board Member at Pleasant Ltd. and Ormat Systems Inc.
    Mr. Falk has served as a member of the board of administrators of Good Ltd., a Nasdaq-outlined enterprise, considering that 2001, and has served as a member of the board of administrators of Ormat Technologies Inc., a New York Stock Trade-listed company, given that 2004. From 1999 to 2000, Mr. Falk was President and Main Operating Officer of Sapiens Global Corporation N.V. From 1985 to 1999, Mr. Falk served in several positions in Orbotech Ltd., the last of which had been Main Fiscal Officer and Government Vice President. Mr. Falk was also a member of the Board of Administrators of Orbotech Ltd. Mr. Falk holds a Bachelor’s diploma in Economics and Political Science and a Master’s diploma in Organization Administration from the Hebrew College in Jerusalem.
  • Orit Stav, Seasoned Financial commitment Manager
    Ms. Stav is a seasoned investment decision manager with 20 a long time of expertise in the Technological know-how, Venture Capital, and Private Fairness sectors. She at the moment serves as a member of the board of directors of Camtek Ltd., Doral Renewable Electricity Methods Ltd., Hadasit Bio-holdings Ltd., YSB Group, HomeBioGaz, A.Luzon Serious Estate and Finance Ltd. and ORT Technologies Ltd. Considering that 2015, Ms. Stav has served as a Managing Companion at Israel Innovation Partners. Prior to that, she aided direct investments in firms these as Siemens Enterprise Cash and Eva Ventures. Ms. Stav retains a Learn of Organization Administration from Hertfordshire University, Uk, and a Bachelor’s degree in Arts (Economics and Administration) from the Tel Aviv University.
  • James Sheridan, CEO of Notion Funds Companions, SPAC Sponsor
    Mr. Sheridan is a senior working government with around 25 years of working experience and deep knowledge in the automotive sector. He has working experience as the two an operating govt (Chief Procurement Officer) and as a leader of the Obtaining Observe at McKinsey. His prior experiences incorporate roles as CPO at Forterra, Senior Professional at McKinsey, CPO at Champion, and a assortment of roles with Ford Motor Corporation. Mr. Sheridan holds a B.A. from the University of the Holy Cross and M.B.A from Carnegie Mellon.

“We are grateful to have assembled an remarkable selection of specialists to serve on Innoviz’s board as we navigate via this up coming stage of development,” stated Omer Keilaf, Co-Founder and CEO of Innoviz. “Our staff has labored diligently to discover leaders in the technological know-how and automotive areas who are uniquely positioned to aid our changeover to a community company and drive shareholder benefit in the course of action. We are on the lookout ahead to doing work with this attained group and leveraging their experience as we continue to press the boundaries of LiDAR and enter superior quantity collection generation.”

Amichai Steimberg, long run Chairman of the Board, commented: “Innoviz has promptly acquired its status as a international chief in large overall performance, automotive-grade LiDAR. Innoviz is pushing the autonomous vehicle field forward in progressive ways. I am confident this team of leaders will productively oversee the deployment of Innoviz’s LiDAR and notion computer software to BMW and other major car or truck producers in the around phrase.”

About Innoviz Systems
Innoviz is a main supplier of technological innovation that will place autonomous autos on streets, in the end switching the globe and earning lifetime greater. Innoviz is the only company with LiDAR know-how that can “see” improved than a human driver, though also assembly the automotive industry’s stringent demands for general performance, security and price tag. Chosen by BMW for its entirely electric powered iX autonomous vehicle application, Innoviz’s technological know-how will be the initial to be deployed in buyer automobiles. Innoviz is backed by top rated-tier strategic associates and traders, like SoftBank Ventures Asia, Samsung, Magna Intercontinental, Aptiv, Magma Venture Partners, and many others. For far more info, visit www.innoviz.tech.

Ahead Looking Statements
This announcement includes specified forward-hunting statements inside the which means of the federal securities rules, including statements relating to the positive aspects of the transaction, the expert services supplied by Innoviz and the markets in which it operates, and Innoviz’s projected long run success. These ahead-on the lookout statements frequently are determined by the words “believe that,” “project,” “hope,” “anticipate,” “estimate,” “intend,” “tactic,” “foreseeable future,” “option,” “strategy,” “may,” “must,” “will,” “would,” “will be,” “will proceed,” “will most likely result,” and very similar expressions. Ahead-hunting statements are predictions, projections and other statements about foreseeable future activities that are dependent on recent anticipations and assumptions and, as a outcome, are matter to risks and uncertainties. A lot of elements could induce actual upcoming situations to differ materially from the forward-searching statements in this announcement, including but not minimal to, the potential to put into practice business enterprise options, forecasts, and other anticipations pursuing the transaction, the potential to establish and comprehend further alternatives, and potential alterations and developments in the remarkably aggressive LiDAR technological innovation and linked industries. The foregoing checklist of elements is not exhaustive. You should meticulously look at the foregoing things and the other pitfalls and uncertainties explained in the definitive proxy assertion/prospectus filed with the SEC on March 11, 2021 and other documents submitted by Innoviz from time to time with the SEC. These filings determine and tackle other critical hazards and uncertainties that could bring about real situations and benefits to vary materially from all those contained in the forward-hunting statements. Forward-searching statements speak only as of the date they are built. Audience are cautioned not to put undue reliance on forward-on the lookout statements, and Innoviz assumes no obligation and does not intend to update or revise these ahead-wanting statements, no matter if as a end result of new information and facts, foreseeable future occasions, or in any other case. Innoviz presents no assurance that it will realize its expectations.

Contact Information
[email protected]

Investor Get in touch with
Maya Lustig
Innoviz Systems
+972 54 677 8100
[email protected] 

Gateway Trader Relations
Cody Slach or Matt Glover
(949) 574-3860
[email protected]

Source Innoviz Technologies

Relevant Hyperlinks

www.innoviz.tech

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