Innoviz Technologies Ltd. LiDAR Sensor - The Indoor Lab

The contract is for the purchase of Innoviz LiDAR sensors and related services, including installation, maintenance, and support, for a period of 5 years. The contract is a sole source purchase, as Indoor Lab is the only company authorized to sell Innoviz products to entities in the airport market in the U.S. The contract has a maximum purchase authorization amount of $4,200,000. The scope of work includes the implementation of Indoor Lab's platform, which leverages Light Detection and Ranging (LiDAR), artificial intelligence, and machine learning. The Authority will receive discounts for any additional licensing, professional services, support, and maintenance purchased during future expansion, and will also receive a revenue share of sales made to other entities. • The contract is for a period of 5 years • The maximum purchase authorization amount is $4,200,000 • The contract is a sole source purchase • The scope of work includes the implementation of Indoor Lab's platform • The Authority will receive discounts and revenue share