Velodyne Lidar’s Velabit™ Wins Prestigious Best of What's New Award From Popular Science
December 02 2020 - 8:00AM
Business Wire
Velodyne Velabit Recognized for Delivering
Small Size, Big Safety
Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced its Velabit™
lidar sensor was named a winner in the Best of What’s New awards by
Popular Science. The Velabit, Velodyne’s smallest sensor, brings
new levels of versatility and affordability to 3D lidar perception.
It is a cornerstone solution in Velodyne’s mission to transform
lives by advancing safe mobility and smart communities through
access to their innovative lidar technologies.
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Velodyne Lidar’s Velabit™ sensor was
named a winner in the Best of What’s New awards by Popular Science.
(Photo: Velodyne Lidar, Inc.)
“Popular Science has an esteemed legacy of reporting on
groundbreaking innovations and discoveries,” said Anand Gopalan,
CEO, Velodyne Lidar. “Velodyne is honored to have the Velabit
recognized as a leading innovative product by the magazine’s
editors. With its combination of performance, size and price
position, the Velabit is a breakthrough sensor that can be a
catalyst for a new era of autonomous solutions on a global
scale.”
The Velabit is engineered to be an optimal automotive grade
lidar solution for Advanced Driver Assistance Systems (ADAS) and
autonomous vehicles. It can enable robust perception coverage for
Blind-Spot Monitoring, Cross Traffic Detection, and Pedestrian
Automatic Emergency Braking. This mid-range sensor can be combined
with other Velodyne lidar technologies, such as the Velarray H800™,
for high-speed operation or function as a standalone lidar solution
in low-speed applications. The Velabit can also be integrated with
Velodyne’s Vella™ software suite to help advance the full spectrum
of vehicle safety features.
The Velabit addresses the cost, safety and design challenges of
autonomous solutions while delivering strong sensor performance.
This solid-state lidar sensor is highly configurable for
specialized use cases and can be embedded almost anywhere within
vehicles, robots, unmanned aerial vehicles (UAV) and
infrastructure. Leveraging Velodyne’s innovative design technology
and manufacturing partners, the Velabit is designed to be easy to
manufacture at mass production levels.
“The Best of What’s New Awards showcase the year’s greatest
feats of human ingenuity,” said Popular Science Editor-in-Chief
Corinne Iozzio. “Even in a year like 2020, innovation has helped us
glimpse a future that’s safer, smarter, and more enjoyable than we
might have thought possible. This collection, which includes
everything from a new generation of Mars explorers to
ultra-hygienic print-to-order eyeshadows, is full of items we’re
proud to call the Best of What’s New.”
Since 1988, the editors of Popular Science have reviewed
thousands of products in search of the top 100 tech innovations of
each year – breakthrough products and technologies that represent a
significant advancement in their categories. Best of What's New
Awards are presented to 100 new products and technologies in 10
categories: Aerospace, Automotive, Engineering, Entertainment,
Gadgets, Health, Home, Personal Care, Recreation and Security.
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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version on businesswire.com: https://www.businesswire.com/news/home/20201202005129/en/
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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