Velodyne Files Patent Infringement Complaint with ITC Against Ouster
June 15 2022 - 9:00AM
Business Wire
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced that
the Company is filing a patent infringement complaint with the U.S.
International Trade Commission (ITC) against Ouster, Inc. (Nasdaq:
OUST, OUST.WS), requesting that the Commission institute an
investigation under section 337 of the Tariff Act of 1930. Velodyne
also filed a patent infringement complaint against Ouster in the
U.S. District Court for the Northern District of California,
seeking an injunction and monetary damages.
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Velodyne Lidar announced the Company is
filing a patent infringement complaint with the U.S. International
Trade Commission (ITC) against Ouster, Inc. Velodyne’s complaint
asks the ITC to investigate unlawful imports of Ouster lidar
sensors that are alleged to infringe Velodyne’s patents relating to
lidar technologies. Shown here are Velodyne rotational lidar
sensors. (Photo: Velodyne Lidar)
Velodyne’s complaint asks the ITC to investigate unlawful
imports of Ouster lidar sensors that are alleged to infringe
Velodyne’s patents relating to lidar technologies (U.S. Patents
7,969,558 and 9,983,297). Velodyne’s complaint requests that the
ITC issue a limited exclusion order and a cease and desist order
against Ouster and Ouster’s contract manufacturer, to bar the
importation into the United States of Ouster’s rotational lidar
devices, components, and products that are alleged to infringe
Velodyne’s patents.
Earlier this year, the U.S. Court of Appeals for the Federal
Circuit upheld the patentability of all challenged claims in
Velodyne’s pioneering 7,969,558 patent. The ‘558 patent relates to
a novel lidar-based 3D point cloud measuring system used in
multiple industries and applications. Velodyne is focused on
advancing its strong smart vision products to meet the large market
needs of robotics, industrial, intelligent infrastructure,
autonomous vehicles, and advanced driver assistance systems (ADAS),
and Velodyne’s patent portfolio protects the substantial investment
it is making in these advances.
“Velodyne invented rotational lidar and our Company spends
significant financial and human resources on research and
development to advance smart vision technology,” said Dr. Ted
Tewksbury, CEO, Velodyne Lidar. “Velodyne has a history of
vigorously protecting this investment by taking strong and
successful legal action against companies that infringe on our
intellectual property and this action is no different.”
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 Andrew Chan achan@velodyne.com
Media Codeword Liv Allen velodyne@codewordagency.com
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