Velodyne Lidar Signs Multi-Year Agreement with Boston Dynamics
June 28 2022 - 6:48AM
Business Wire
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a
multi-year agreement for its lidar sensors with Boston Dynamics,
the global leader in mobile robotics. Boston Dynamics selected
Velodyne’s sensors to provide perception and navigation
capabilities for its highly mobile robots, which are capable of
tackling the toughest robotics challenges.
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Boston Dynamics selected Velodyne Lidar’s
sensors to provide perception and navigation capabilities for its
highly mobile robots, which are capable of tackling the toughest
robotics challenges. Pictured here: Boston Dynamics’ Spot mobile
robot equipped with a Velodyne lidar sensor. (Photo: Boston
Dynamics)
Velodyne’s lidar sensor solutions enable mobile robots to
operate autonomously and safely, without human intervention. They
provide real-time 3D perception data for localization, mapping,
object classification and object tracking. Velodyne’s
power-efficient sensors support autonomous mobile robots in a wide
range of challenging indoor and outdoor environmental conditions,
including varying temperature, lighting and precipitation.
“Boston Dynamics has signed a supply agreement with Velodyne
Lidar, and we are excited to continue working together to enhance
and extend the capabilities of mobile robots,’’ said Eric Landry,
Director Supply Chain, Boston Dynamics.
“Boston Dynamics robots provide advanced mobility, dexterity and
intelligence that enable automation in unfamiliar and unpredictable
settings,” said Laura Wrisley, Senior Vice President of Worldwide
Sales, Velodyne Lidar. “Equipped with Velodyne’s lidar sensors,
their robots can autonomously navigate complex environments. They
can safely avoid obstacles and find the fastest route to perform
vital tasks in environments from manufacturing plants and
construction sites to distribution centers and warehouses.”
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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