New White Paper by Velodyne & University
of Nevada, Reno’s Center for Applied Research Shows How Roadside
Lidar is Key to Building Smart and Safe Transportation
Infrastructure
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) and University of
Nevada, Reno’s Nevada Center for Applied Research today published a
white paper that demonstrates lidar sensors’ ability to make
transportation infrastructure more efficient, sustainable and safe.
The white paper reports results of research using Velodyne’s lidar
sensors to improve traffic analytics, increase pedestrian safety,
reduce accidents and work toward facilitated use of autonomous
vehicles.
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The University of Nevada, Reno’s Nevada
Center for Applied Research has placed Velodyne’s lidar sensors at
crossing signs and intersections to help improve traffic analytics,
congestion management and pedestrian safety. (Photo: Velodyne
Lidar, Inc.)
“Velodyne is excited to provide lidar technology for systems
that protect pedestrians at city intersections and reduce traffic
accidents. We have a synergistic relationship with the University
of Nevada, Reno, which is conducting cooperative research to
further the development of safety solutions at the infrastructure
level using smart technology. This white paper is important to
describe our collaborative work for the safety and well-being of
urban communities,” stated Marta Hall, Chief Marketing Officer at
Velodyne.
The white paper, called “Roadside Lidar Helping to Build Smart
and Safe Transportation Infrastructure,” can be downloaded here.
Also available is a video called “Smart Cities: Improving Mobility,
Access and Safety with Sensor Technology,” which can be viewed
here. The video looks at how lidar can be a catalyst for smart city
applications that improve public services and enhance safety and
quality of life.
According to the research firm Markets and Markets, the
Intelligent Transportation System (ITS) market for roadways is
expected to grow from USD 17.9 billion in 2020 to USD 36.5 billion
by 2025, at a CAGR of 15.3 percent. This growth can be attributed
to increased pedestrian safety concerns, growing traffic congestion
problems and smart city developments around the world.
The paper showcases research conducted by the University of
Nevada, Reno’s Nevada Center for Applied Research, in conjunction
with the Regional Transportation Commission of Washoe County,
Regional Transportation Commission of Southern Nevada and the
Nevada Department of Transportation. The project has deployed
Velodyne’s Ultra Puck lidar sensors with traffic signals in
real-world test environments, known as Living Laboratories, in Reno
and Henderson, and sponsored by the Nevada Governor’s Office of
Economic Development. It leveraged the data captured with
Velodyne’s sensors to help improve traffic analytics, congestion
management and pedestrian safety.
The project validated the feasibility of using roadside lidar
sensors to provide high-accuracy, multimodal traffic trajectories
by testing with different sensors, deployment methods and traffic
scenarios. It demonstrated that roadside lidar data can support
connected-and-autonomous vehicles (CAV), enhance traffic mobility
and safety analysis and integrate with existing traffic
infrastructure for automatic pedestrian/wildlife warning.
The project also achieved successful implementation of
lidar-based automatic rectangular rapid flash beacons (RRFB), which
unlike conventional RRFB, not only serve the crosswalk area but
provide many additional functions. These include traffic
performance data collection, jaywalk event recording and supporting
infrastructure to serve CAVs and connected non-motorist roadway
users.
Until recently, existing camera-based ITS traffic monitoring
technologies have been widely used to study traffic flow rates,
occupancy, average speed and spot speed. However, as alternative
sensors come onto the market, the weaknesses of camera-based
approaches become more apparent. For example, cameras have been
shown to suffer in low-light conditions, are prone to optical
illusions and do not allow for people’s privacy. It is anticipated
that lidar will play a pivotal role in the growth of the ITS market
because lidar sensors provide robust 3D data that allows for
superior object detection and tracking in a wide variety of
lighting and weather conditions while preserving anonymity and
trust among the public.
“The white paper captures how lidar technology can be the
catalyst for a revolutionary data change that will impact
transportation planning and systems, and prepare our roadways for
the future,” said Carlos Cardillo, Director, Nevada Center for
Applied Research. “Velodyne sensors are powering ‘lidar-enhanced’
roads that address roadway congestion monitoring and near-crash
analysis. They are also enabling data communications with connected
vehicles to support eco-drive and collision avoidance
applications.”
“The Nevada Center for Applied Research is conducting visionary
smart cities research that can help significantly improve traffic
safety and mitigate roadway dangers,” said Jon Barad, Vice
President of Business Development, Velodyne Lidar. “Their work
clearly demonstrates Velodyne’s lidar sensors are ready today to
help build smarter, safer transportation infrastructure.”
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) 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;
uncertainties regarding government regulation and adoption of lidar
for pedestrian safety, traffic congestion and smart city
applications; 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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