Innoviz Expands Board of Directors with International Know-how and Automotive Marketplace Veterans

These appointments adhere to the consummation of Innoviz’s merger with Collective Advancement Company (formerlyNasdaq: CGRO)

These appointments adhere to the consummation of Innoviz’s merger with Collective Advancement Company (formerlyNasdaq: CGRO) on April 5, 2021.

The pursuing supplies facts about the new appointees to Innoviz’s board of directors:

  • Chairman of the Board: Amichai Steimberg, Former CEO of Orbotech Ltd.
    Mr. Steimberg formerly served as President and Chief Operating Officer of Orbotech Ltd. from 2013 to 2019, and as Main Government Officer of Orbotech Ltd. from 2019 to 2020. Mr. Steimberg is the President and Main Functioning Officer of Israel Amplify System Corp., and serves as a board member in a number of non-public organizations, together with as Chairman of the Board of Directors at Airovation Systems Ltd. From September 2020 to January 2021, Mr. Steimberg served as Chairman of the Board of Administrators of Highcon Program Ltd., an Israeli firm outlined on the Tel Aviv Stock Trade. Mr. Steimberg retains a BSc in Agricultural Economics and Organization Administration from the Hebrew University in Jerusalem.
  • Aharon Aharon, CEO of Israel Innovation Authority
    Considering the fact that 2017, Mr. Aharon has served as the Chief Govt Officer of the Israel Innovation Authority, an unbiased public entity that encourages Israel’s innovation ecosystem. Prior to that, Mr. Aharon served as the Corporate Vice President of Components Systems and Standard Supervisor of Apple Israel from 2011 to 2017, and as the CEO of Camero from 2004 to 2010 (at which time the company was obtained). Mr. Aharon served as Chairman of the Board of Administrators at Discretix Systems from 2003 to 2010 (the corporation was subsequently acquired by ARM in 2014) and as COO at Zoran, a NASDAQ traded enterprise from 1996 to 2001. Mr. Aharon retains a B.Sc in Computer system Engineering and a M.Sc in Electrical Engineering from the Israel Institute of Technological innovation.
  • Ronit Maor, Chief Economic Officer of Earnix Inc.
    Due to the fact 2017, Ms. Maor has served as the Chief Monetary Officer of Earnix Inc., a main SaaS business providing an AI-pushed pricing, score and merchandise personalization for coverage and banking customers. Prior to becoming a member of Earnix Inc., Ms. Maor was the Main Economical Officer at Pontis, a leading electronic buyer engagement company, from 2012 right up until 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 Awesome Ltd. and Ormat Technologies Inc.
    Mr. Falk has served as a member of the board of administrators of Awesome Ltd., a Nasdaq-outlined organization, because 2001, and has served as a member of the board of administrators of Ormat Technologies Inc., a New York Stock Exchange-shown corporation, due to the fact 2004. From 1999 to 2000, Mr. Falk was President and Main Functioning Officer of Sapiens Global Corporation N.V. From 1985 to 1999, Mr. Falk served in various positions in Orbotech Ltd., the previous of which were Chief Fiscal Officer and Government Vice President. Mr. Falk was also a member of the Board of Directors of Orbotech Ltd. Mr. Falk retains a Bachelor’s diploma in Economics and Political Science and a Master’s degree in Organization Administration from the Hebrew College in Jerusalem.
  • Orit Stav, Seasoned Financial commitment Supervisor
    Ms. Stav is a seasoned investment supervisor with 20 many years of experience in the Technological know-how, Venture Money, and Non-public Equity sectors. She at present serves as a member of the board of administrators of Camtek Ltd., Doral Renewable Strength Methods Ltd., Hadasit Bio-holdings Ltd., YSB Group, HomeBioGaz, A.Luzon Serious Estate and Finance Ltd. and ORT Technologies Ltd. Since 2015, Ms. Stav has served as a Running Husband or wife at Israel Innovation Companions. Prior to that, she served lead investments in corporations these as Siemens Undertaking Capital and Eva Ventures. Ms. Stav retains a Grasp of Business Administration from Hertfordshire College, Uk, and a Bachelor’s degree in Arts (Economics and Management) from the Tel Aviv College.
  • James Sheridan, CEO of Perception Money Partners, SPAC Sponsor
    Mr. Sheridan is a senior working government with about 25 yrs of practical experience and deep expertise in the automotive field. He has knowledge as both an working executive (Chief Procurement Officer) and as a leader of the Obtaining Exercise at McKinsey. His prior activities contain roles as CPO at Forterra, Senior Qualified at McKinsey, CPO at Winner, and a assortment of roles with Ford Motor Enterprise. Mr. Sheridan holds a B.A. from the Higher education of the Holy Cross and M.B.A from Carnegie Mellon.

“We are thankful to have assembled an remarkable assortment of industry experts to serve on Innoviz’s board as we navigate through this up coming phase of advancement,” mentioned Omer Keilaf, Co-Founder and CEO of Innoviz. “Our workforce has worked diligently to determine leaders in the technological innovation and automotive spaces who are uniquely positioned to facilitate our transition to a general public business and generate shareholder price in the course of action. We are on the lookout forward to doing work with this achieved group and leveraging their abilities as we go on to press the boundaries of LiDAR and enter high volume collection manufacturing.”

Amichai Steimberg, upcoming Chairman of the Board, commented: “Innoviz has swiftly gained its standing as a international chief in superior effectiveness, automotive-quality LiDAR. Innoviz is pushing the autonomous motor vehicle market forward in innovative strategies. I am self-confident this team of leaders will efficiently oversee the deployment of Innoviz’s LiDAR and perception application to BMW and other primary car or truck companies in the in the vicinity of time period.”

About Innoviz Systems
Innoviz is a leading provider of engineering that will set autonomous autos on streets, eventually transforming the world and earning lifetime much better. Innoviz is the only corporation with LiDAR know-how that can “see” superior than a human driver, when also assembly the automotive industry’s demanding prerequisites for performance, safety and selling price. Picked by BMW for its absolutely electrical iX autonomous car program, Innoviz’s technological know-how will be the 1st to be deployed in shopper cars. Innoviz is backed by top-tier strategic associates and buyers, which includes SoftBank Ventures Asia, Samsung, Magna Worldwide, Aptiv, Magma Venture Associates, and other people. For additional data, visit www.innoviz.tech.

Ahead On the lookout Statements
This announcement contains certain ahead-on the lookout statements within just the this means of the federal securities regulations, like statements pertaining to the gains of the transaction, the providers made available by Innoviz and the markets in which it operates, and Innoviz’s projected upcoming benefits. These ahead-hunting statements generally are discovered by the words “believe,” “job,” “assume,” “foresee,” “estimate,” “intend,” “approach,” “upcoming,” “opportunity,” “program,” “may well,” “need to,” “will,” “would,” “will be,” “will keep on,” “will most likely end result,” and identical expressions. Forward-hunting statements are predictions, projections and other statements about long run situations that are centered on present anticipations and assumptions and, as a final result, are matter to challenges and uncertainties. Quite a few elements could trigger actual long run situations to vary materially from the ahead-on the lookout statements in this announcement, like but not restricted to, the means to put into action enterprise options, forecasts, and other anticipations pursuing the transaction, the skill to identify and recognize more opportunities, and potential alterations and developments in the highly aggressive LiDAR technology and relevant industries. The foregoing listing of components is not exhaustive. You ought to diligently take into account the foregoing aspects and the other hazards and uncertainties described in the definitive proxy statement/prospectus submitted with the SEC on March 11, 2021 and other files submitted by Innoviz from time to time with the SEC. These filings detect and address other critical hazards and uncertainties that could cause precise activities and success to differ materially from individuals contained in the forward-on the lookout statements. Ahead-seeking statements discuss only as of the date they are designed. Audience are cautioned not to set undue reliance on forward-wanting statements, and Innoviz assumes no obligation and does not intend to update or revise these ahead-hunting statements, no matter if as a outcome of new data, long term functions, or normally. Innoviz presents no assurance that it will attain its anticipations.

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Innoviz Technologies
+972 54 677 8100
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