Velodyne Lidar’s Velabit™ Wins Silicon Valley Robotics Innovation Award
December 15 2020 - 5:00AM
Business Wire
Velodyne’s Lidar Sensors Recognized for
Providing Advanced Perception for Rapidly Growing Autonomous Robot
Market
Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced its Velabit™
lidar sensor was named the winner of the 2020 Innovation Award by
Silicon Valley Robotics. 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 autonomy
through access to the company’s innovative lidar technologies.
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Velodyne Lidar’s Velabit™ sensor brings
new levels of versatility and affordability to 3D lidar perception
for autonomous solutions. (Photo: Velodyne Lidar, Inc.)
“Having Velabit selected for the Innovation Award by Silicon
Valley Robotics demonstrates the continuing strong industry
recognition of Velodyne’s inventive track record,” said Anand
Gopalan, CEO, Velodyne Lidar. “Velodyne is honored to have the
Velabit named as a groundbreaking product for mobile robotic
applications. With its combination of performance, size and price
position, the Velabit is a breakthrough sensor for powering
autonomous mobile robots in a wide array of industries
worldwide.”
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
robots, vehicles, 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.
Velodyne also provides the recently introduced Velarray M1600
for mobile robotic applications. The solid state lidar sensor
enables touchless mobile and last-mile delivery robots to operate
autonomously and safely, without human intervention. The Velarray
M1600 provides autonomous robots with outstanding near-field
perception up to 30 meters and a broad 32-degree vertical field of
view, allowing them to traverse unstructured and changing
environments.
Silicon Valley Robotics is the largest cluster of robotics and
AI technology innovation and investment in the world. Its
Innovation Award recognizes an outstanding early stage technology
or product developed recently that will create an impact in the
robotics industry.
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/20201215005262/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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