Velodyne’s Solution Delivered Traffic
Monitoring with Lidar and Edge AI Computing
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced its
Intelligent Infrastructure Solution (IIS) was deployed in Helsinki,
Finland to collect traffic data and improve roadway safety. The
project demonstrated the high accuracy and value of IIS in
multimodal traffic counting and classification, and in near miss
collision detection and monitoring.
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Velodyne Lidar announced its Intelligent
Infrastructure Solution was deployed in Helsinki, Finland to
collect traffic data and improve roadway safety. The project
demonstrated the high accuracy and value of the solution in
multimodal traffic counting and classification, and in near miss
collision detection and monitoring. Test site 1: Tyynenmerenkatu –
Välimerenkatu – Jätkäsaarenlaituri (Helsinki, Finland). (Graphic:
Nodeon Finland)
The project was directed by the Forum Virium Helsinki and City
of Helsinki in collaboration with Nodeon Finland and Commsignia.
Intelligent Infrastructure Solution, which combines Velodyne’s
award-winning lidar sensors and Bluecity’s AI software, was used to
monitor traffic flow at three intersections in the vibrant
Jätkäsaari section of Helsinki. In addition, one of the
intersections was equipped with a cooperative intelligent transport
system (C-ITS) roadside unit to enable experiments that sent
warning messages to drivers on vulnerable road users at the
intersection.
In the project, IIS delivered an average counting accuracy of 97
percent for vehicle traffic as well as bicycle and pedestrian
traffic. The solution also demonstrated its efficacy in detecting
near miss collision situations, such as running red lights and
jaywalking, which provides valuable information for developing
traffic management improvements that enhance safety. Next steps for
the project include further developing vehicle classification
capabilities, building a solution for mobile use for short-term
traffic measurement and creating an interface between IIS and
traffic signal controllers.
“Velodyne Lidar has shown it can reliably and accurately
generate traffic information about intersection traffic involving
vehicles, pedestrians and bicycles, including volume and
classification data, directions, trajectories and speed,” said
Janne Rinne, project manager in Forum Virium Helsinki. “The
solution provides accurate real-time detection data to support
C-ITS safety solutions like vulnerable road user warnings that can
help improve road safety.”
“Our Intelligent Infrastructure Solution provides the data that
transportation planners need to understand traffic network problems
and take a proactive approach on safety for vehicles and vulnerable
road users,” said Laura Wrisley, Senior Vice President of Worldwide
Sales, Velodyne Lidar. “Our solution is leading the way in
transforming infrastructure to make communities smarter and
safer.”
About Intelligent Infrastructure Solution
Intelligent Infrastructure Solution delivers traffic monitoring
and analytics to improve road safety, efficiency and air quality,
and help cities plan for smarter, safer transportation systems. The
full stack solution is deployed across three continents, including
systems rolled out in Texas, Florida, Nevada, California, New
Jersey, Missouri and Canada.
Velodyne’s lidar sensors do not identify individuals’ facial
characteristics, an important concern for civic applications. Lidar
has an advantage in privacy over camera-only systems because lidar
does not record details like hair and skin color. Velodyne’s lidar
sensors reliably collect data in any lighting or weather condition,
supporting 24/7, 365 days a year operation.
By improving traffic flow and reducing congestion, Intelligent
Infrastructure Solution advances energy efficiency and reduces
greenhouse gas emissions for a more sustainable future. Recently,
the solution won the 2022 SXSW Innovation Awards by the South by
Southwest Conference and Festivals.
For more information on the Intelligent Infrastructure Solution,
contact Velodyne Sales: 669.275.2526, sales@velodyne.com.
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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Velodyne Investor Relations InvestorRelations@velodyne.com
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