Velodyne’s Intelligent Infrastructure
Solution Creates 3D Maps of Roads and Intersections to Advance
Safety in Communities Globally
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced its
Intelligent Infrastructure Solution won the GeoBuiz Summit Award.
Velodyne’s smart city solution was recognized for excellence in
innovation in the Mapping Technology category.
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Velodyne Lidar announced its Intelligent
Infrastructure Solution won the GeoBuiz Summit Award. Velodyne’s
smart city solution was recognized for excellence in innovation in
the Mapping Technology category. (Photo: Velodyne Lidar)
Intelligent Infrastructure Solution, combining Velodyne’s
award-winning lidar sensors and Bluecity’s AI software, creates a
real-time 3D map of roads and intersections. It provides precise
traffic monitoring and analytics that are not possible with other
types of sensors like cameras, radar or inductive loops.
The full stack solution is deployed across three continents,
including systems rolled out in Texas, Florida, Nevada, California,
New Jersey, Missouri and Canada.
Intelligent Infrastructure Solution enables cities and states to
take a proactive approach on safety by offering real-time
multimodal analytics of not only vehicles, but also vulnerable road
users. It is helping communities understand root causes of
near-miss collisions, red light running and different types of
roadway user behavior.
By improving traffic flow and reducing congestion, Intelligent
Infrastructure Solution can improve energy efficiency and reduces
greenhouse gas emissions for a more sustainable future. Earlier
this year, the solution won the 2022 SXSW Innovation Awards from
the South by Southwest Conference and Festivals.
“Velodyne’s Intelligent Infrastructure Solution was the standout
system in our Mapping Technology category,” said Anusuya Datta,
Editor – Americas, Geospatial World. “The solution is transforming
infrastructure, enabling governments to build a data-driven plan to
create a safer, more sustainable traffic network.”
“Our solution supports cities throughout the world as they work
to implement street improvements, policy changes and educational
efforts that will protect vulnerable road users,” said Sally
Frykman, Chief Marketing Officer, Velodyne Lidar. “Intelligent
Infrastructure Solution advances Velodyne’s mission of creating
smart technologies for a world in motion and their vision of
science in service of safety.”
GeoBuiz Summit is a one-of-a-kind geospatial business leaders
conference that is held by Geospatial World, a premier media outlet
that advances geospatial knowledge in the world economy and
society. Geospatial World recently featured Velodyne Lidar CEO Dr.
Ted Tewksbury in an article about how Velodyne’s lidar sensors and
software are playing an important role in applications including in
geospatial and mapping, as well as last mile delivery, industrial
and robotics, manufacturing and infrastructure.
For more information on the Intelligent Infrastructure Solution,
contact Velodyne Sales: 669.275.2526, sales@velodyne.com, and watch
the IIS overview video.
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 robotics, industrial, intelligent
infrastructure, autonomous vehicles and advanced driver assistance
systems (ADAS). Through continuous innovation, Velodyne strives to
transform lives and communities by advancing safer mobility for
all.
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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