With Company's Commitment to Safety Paramount, Velodyne Lidar Will Not Participate in Person at CES 2022
December 28 2021 - 6:19PM
Business Wire
Press Conference to Be Held Virtually on
January 5 at 11:45 a.m. PST
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) will not participate
in person at CES 2022 due to the surge in COVID-19 infection rates.
The health and safety of employees, partners and the public are the
topmost priorities for Velodyne and were the primary factors in the
company’s decision.
Velodyne will still have a digital presence in CES and will host
a virtual press conference on January 5 at 11:45 a.m. PST, which
can be viewed live via webcast. The webcast link will be available
on Velodyne’s ‘Events & Presentations’ webpage at that time.
During the 45-minute press conference, CEO Dr. Ted Tewksbury will
discuss how the company’s lidar sensors and software are shaping
autonomous solutions in a wide range of markets. Additionally, he
will share his vision for the future of lidar and what customers
can expect from Velodyne in 2022 and beyond.
“At Velodyne, we stand by our vision: science in service of
safety. This carries through in everything we do towards protecting
a world in motion. While we were looking forward to connecting in
person at CES 2022, to stay true to our commitment to safety, we’ve
determined the most responsible course for the well-being of our
employees, partners and the public is to forgo attending the event
in person. While we will not be attending CES 2022 physically, we
welcome engaging with customers and partners on how our lidar
technology powers autonomous solutions that bring safety,
sustainability, efficiency and privacy benefits,” said Dr.
Tewksbury.
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
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velodyne@codewordagency.com
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