Velodyne Lidar Sensors Power LineVision’s V3 Overhead Power Line Monitoring System
October 29 2020 - 8:00AM
Business Wire
Velodyne to Supply LineVision with Sensors
to Improve Electric Utility Operation and Help Prevent Destructive
Wildfires
Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced a sales
agreement with LineVision, Inc., a provider of solutions to
monitor, optimize and protect the world’s critical electric power
grid. LineVision uses Velodyne high-performance lidar sensors in
its V3 overhead power line monitoring system to help electric
utilities operate their grid more safely and efficiently.
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Powered by Velodyne’s Puck™ sensor, the
LineVision V3 system assists utilities by identifying operational
anomalies in power lines, helping to mitigate events that could
cause wildfires or damage before they happen. (Photo: LineVision,
Inc.)
Powered by Velodyne’s Puck™ sensor, LineVision’s technology
provides utility clients with previously unavailable visibility on
asset health for optimized management. This situational awareness
assists utilities by identifying operational anomalies, helping to
mitigate events that could cause wildfires or damage before they
happen. Lines equipped with LineVision monitoring are safer, more
reliable, and can carry up to 40 percent more power than
unmonitored lines.
The LineVision V3 system leverages Velodyne’s sensors along with
advanced analytics to continuously monitor the condition of
electric power lines for safer and more reliable operation. The
system can detect problems that include lines that are sagging,
damaged by a storm, or experiencing dangerous extreme motion, or
“galloping.”
“The tragic wildfires that the western United States is
experiencing show it is critical to monitor overhead electric
transmission lines to help reduce fire hazards,” said Anand
Gopalan, CEO, Velodyne Lidar. “LineVision’s technology can help
utilities prevent fires such as the ones that have had a
devastating impact on our forests and neighborhoods. We are
enormously proud to be partnering with LineVision on its important
mission of making the power grid safer and more efficient.”
The V3 system also provides Dynamic Line Rating (DLR)
capabilities so utilities can identify unused capacity on
transmission lines, making it easier to integrate renewable energy
resources into the power grid. LineVision’s clients include major
utilities across the world with the company having recently
announced a project with the Tennessee Valley Authority (TVA),
among others.
“Velodyne is an important partner in helping us deliver the
electric industry’s only non-contact overhead line monitoring
solution,” said Jonathan Marmillo, Co-founder and Vice President of
Product Management, LineVision. “The Puck provides our V3 system
with what I believe is best-in-class image resolution and real-time
data accuracy that are essential to helping our utility clients
maximize the safety and efficiency of their lines.”
Velodyne Puck sensors provide rich computer perception data that
make it quick and easy for companies to build highly accurate 3D
models of any environment. The Puck delivers a high-resolution
surround view image that can accurately measure and analyze the
environment. It is a small, compact lidar sensor suitable for
rugged industrial usage. The Puck’s reliability, power-efficiency
and versatility make it an ideal solution for demanding
infrastructure applications.
About LineVision
LineVision enables electric utilities to improve transmission
line capacity, reliability and safety through advanced sensors and
analytics. LineVision’s solution provides utility clients with
previously unavailable visibility on asset health and safety.
LineVision’s turnkey, non-contact systems can be rapidly deployed
without the need for outages, live line work or specialized
equipment. LineVision is dedicated to helping utilities optimize
the performance of the electric power grid.
About Velodyne Lidar
Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous
technology with the invention of real-time surround view lidar
sensors. Velodyne is the first public pure-play lidar company and
is known worldwide for its broad portfolio of breakthrough lidar
technologies. Velodyne’s revolutionary sensor and software
solutions provide flexibility, quality and performance to meet the
needs of a wide range of industries, including autonomous vehicles,
advanced driver assistance systems (ADAS), robotics, unmanned
aerial vehicles (UAV), smart cities and security. Through
continuous innovation, Velodyne strives to transform lives and
communities by advancing safer mobility for all. For more
information, visit www.velodynelidar.com.
Forward Looking Statements
This press release contains "forward looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995 including, without
limitation, all statements other than historical fact and include,
without limitation, statements regarding Velodyne’s target markets,
new products, development efforts, competition. When used in this
press release, the words "estimates," "projected," "expects,"
"anticipates," "forecasts," "plans," "intends," "believes,"
"seeks," "may," "will," "should," "future," "propose" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Velodyne's control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include Velodyne's ability to manage growth;
Velodyne's ability to execute its business plan; uncertainties
related to the ability of Velodyne's customers to commercialize
their products and the ultimate market acceptance of these
products; the uncertain impact of the COVID-19 pandemic on
Velodyne's and its customers' businesses; uncertainties related to
Velodyne's estimates of the size of the markets for its products;
the rate and degree of market acceptance of Velodyne's products;
the success of other competing lidar and sensor-related products
and services that exist or may become available; Velodyne's ability
to identify and integrate acquisitions; uncertainties related to
Velodyne's current litigation and potential litigation involving
Velodyne or the validity or enforceability of Velodyne's
intellectual property; and general economic and market conditions
impacting demand for Velodyne's products and services. Velodyne
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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Investor Relations Andrew Hamer Chief Financial Officer
InvestorRelations@velodyne.com
Media Landis Communications Inc. Sean Dowdall (415)
286-7121 velodyne@landispr.com
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