Velodyne’s Lidar-based Traffic Monitoring
Solution to be Used at 25 Intersections as Part of $6 Million Road
Network Project in Irvine, Calif.
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced its
Intelligent Infrastructure Solution has been selected by the HORIBA
Institute for Mobility and Connectivity2 (HIMaC2) in the University
of California, Irvine (UCI) Samueli School of Engineering. HIMaC2
plans to equip 25 intersections at UCI and the adjacent City of
Irvine with Velodyne’s lidar-based Intelligent Infrastructure
Solution as part of a major study on improving traffic and energy
efficiency, road safety and air quality.
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Velodyne Lidar announced its Intelligent
Infrastructure Solution has been selected by the HORIBA Institute
for Mobility and Connectivity² (HIMaC²) in the University of
California, Irvine (UCI) Samueli School of Engineering. HIMaC² will
use Velodyne’s lidar-based solution as part of a major study on
improving traffic and energy efficiency, road safety and air
quality. (Photo: Velodyne Lidar)
The Intelligent Infrastructure Solution deployment is supported
by a $6 million grant recently awarded to HIMaC2 by the Vehicle
Technology Office of the U.S. Department of Energy (DOE). HIMaC2
will create a Public Road Network Platform for the development,
evaluation and deployment of emerging and future connected and
autonomous vehicle (CAV) technologies. The Intelligent
Infrastructure Solution combines Velodyne’s award-winning lidar
sensors with powerful AI software to monitor traffic networks and
public spaces.
Also included in the project are Bluecity, Argonne National
Laboratory (ANL), the UCI Institute of Transportation Studies,
Toyota Motor of North America, Pony.ai and Hyundai Mobis. Research
shows traffic coordination of intersections and CAVs based on
reliable data and analytics can reduce congestion between 20-to-30
percent and emissions between 5-to-15 percent while also improving
safety.
“The program looks to advance connected and autonomous
transportation and show how they can contribute to smarter, safer
infrastructure for our communities,” said UCI Engineering Professor
Scott Samuelsen, Principal Investigator in the HIMaC2 program. “By
deploying Velodyne’s automated monitoring and control in an
intersection network, backbone data can be generated and utilized
to demonstrate improved safety, energy efficiency and traffic flow
to which cities aspire. With its deployment at 25 intersections,
this initiative will be the largest lidar-based traffic monitoring
solution in the world.”
HIMaC2 will study how traffic coordination can be improved based
on reliable data and analytics generated by the Intelligent
Infrastructure Solution. By implementing advanced infrastructure
monitoring as a V2X (vehicle to everything) solution, the HIMaC2
program will look to generate critical data needed to improve
traffic and crowd flow, path planning, and protect vulnerable road
users in all weather and lighting conditions. Distinct advantages
of the Intelligent Infrastructure Solution include its ability to
leverage as few as one unit per intersection which supports
scalability. Additionally, lidar sensors do not identify
individuals’ facial characteristics, an important privacy factor
for civic applications.
“The HIMaC2 program is tackling one of the most challenging and
pervasive infrastructure problems that cities face — how to improve
traffic flows and safeguard road users,” said Jon Barad, Vice
President of Business Development, Velodyne Lidar. “Velodyne
believes that smart infrastructure integrated with connected and
autonomous vehicles have the potential to deliver game-changing
improvements in roadway efficiency and safety. We look forward to
working with the HIMaC2 team to explore how to create a more
sustainable, safer future for our transportation
infrastructure.”
Velodyne’s Intelligent Infrastructure Solution
Velodyne’s Intelligent Infrastructure Solution creates a
real-time 3D map of roads and intersections, providing precise
traffic monitoring and analytics that is not possible with other
types of sensors like cameras or radar. It reliably collects data
in any lighting or weather condition, supporting year-round
operation, while also protecting people's privacy. The solution
advances safety through multimodal analytics that detect various
road users including vehicles, pedestrians, and cyclists. It can
predict, diagnose, and address road safety challenges, helping
municipalities and other customers make informed decisions to take
corrective action. For more information on the Intelligent
Infrastructure Solution, contact Velodyne Sales: 669.275.2526,
sales@velodyne.com.
About the HORIBA Institute for Mobility and Connectivity2
(HIMaC2)
Located at the UCI Samueli School of Engineering “Advanced Power
and Energy Program (APEP),” HIMaC2 focuses on the electrochemical
powerplants (batteries and fuel cells) powering zero-emission
vehicles, the integration of the energy and transportation sectors
through electricity and hydrogen under a renewable energy paradigm,
and the future of emerging connected and autonomous vehicle. The
facilities encompass a Vehicle Evolution Laboratory, a Grid
Evolution Laboratory, a Connected and Autonomous Mobility
Laboratory, and an Analytic Laboratory.
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, the global leader in lidar, is known 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, and 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 uncertainties regarding government
regulation and adoption of lidar, the uncertain impact of the
COVID-19 pandemic on Velodyne’s and its customers’ businesses;
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 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; 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. For more information about risks
and uncertainties associated with Velodyne’s business, please refer
to the “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and “Risk Factors” sections of
Velodyne’s SEC filings, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q. All
forward-looking statements in this press release are based on
information available to Velodyne as of the date hereof, 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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Velodyne Investor Relations
InvestorRelations@velodyne.com
Velodyne Media Codeword Liv Allen
velodyne@codewordagency.com
HIMaC2 Media William Gary 949-824-7302, Ext. 11131
wmg@apep.uci.edu
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