Velodyne Lidar Signs Multi-Year Sales Agreement with Motional to Provide Alpha Prime Sensors for Its Driverless Vehicles
December 18 2020 - 7:00AM
Business Wire
Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced a multi-year
sales agreement for Alpha Prime™ sensors with Motional, a global
driverless technology leader. Velodyne will be the exclusive
provider of long-range, surround view lidar sensors for Motional’s
SAE Level 4 driverless vehicles.
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Velodyne Lidar announced a multi-year
sales agreement for Alpha Prime™ sensors with Motional, a global
driverless technology leader. The Alpha Prime sensor is
industry-leading for its combined range, resolution and field of
view that collectively address the high-performance requirements of
autonomous vehicles. (Photo: Velodyne Lidar, Inc.)
The Alpha Prime sensor is industry-leading for its combined
range, resolution and field of view that collectively address the
high-performance requirements of autonomous vehicles. The sensor
was developed to improve safety in autonomy and offers high
resolution along with robust reflectivity returns, simplifying
detection and tracking of vehicles, pedestrians and other road
obstructions. The Alpha Prime can help autonomous vehicles safely
navigate roadways at various speeds, traveling in a range of road
conditions such as rain, sleet and snow.
Motional has been at the forefront of driverless innovation for
decades and has introduced self-driving technology to hundreds of
thousands of people. It’s creating the world’s highest-performing
and safest driverless vehicles and systems that will fundamentally
improve mobility around the world.
“By working with Motional, we’re on the cutting edge of making
driverless vehicles a safe everyday reality,” said Anand Gopalan,
CEO, Velodyne Lidar. “Velodyne and Motional have a shared mission
of safety-first and we’re proud that our Alpha Prime sensors will
be used by Motional’s vehicles as they safely navigate real
roads.”
Velodyne’s Alpha Prime is a next generation lidar sensor that
utilizes Velodyne’s patented 360-degree surround view perception
technology to support autonomous mobility. A result of over ten
years of lidar development and learning, the Alpha Prime supports
autonomous operation across a broad range of road settings,
including urban and highway environments.
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," “can,” "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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