Velodyne Lidar Signs Multi-Year Agreement with Yamaha Motor
October 11 2022 - 6:48AM
Business Wire
Lidar-Powered Goods Transport to Advance
Factory Logistics
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a
multi-year agreement to provide its lidar sensors to Yamaha Motor
for eve autonomy, a joint venture between Yamaha Motor and Tier IV,
Inc. eve autonomy’s autonomous goods transport service eve auto
provides logistical support for factories to improve efficiency and
safety. Velodyne has already begun shipping sensors to Yamaha Motor
to support an October 2022 launch of eve auto.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221011005602/en/
eve auto, an autonomous goods transport
service from eve autonomy, a joint venture between Yamaha Motor and
Tier IV, Inc. Photo credit: eve autonomy/Yamaha Motor
Yamaha Motor is using Velodyne’s Puck lidar sensors to provide
localization and navigation capabilities for their eve auto
all-in-one automated conveyance service. Velodyne’s lidar sensors
enable the small electric vehicles to navigate factory facilities
autonomously.
eve auto is a full-service solution that provides customers with
a quick set up that does not require any construction. Built for
both indoor and outdoor applications that allows customers to
transport goods autonomously, eve auto has a towing capacity of
1500 kg and can navigate slopes up to 7 degrees and gaps up to 3
cm. With operational support offering fleet management and mapping
services, eve auto’s subscription model provides customers access
to maintenance and the latest software. eve auto’s autonomous
capabilities are enabled by Velodyne’s lidar technology and can be
connected with existing infrastructures and external systems
through web API.
“Velodyne’s versatile and high performing sensors help eve auto
provide a robust automated solution for our customers,” said
Takahiro Watanabe, General Manager New Business Development
Division at Yamaha Motor. “Velodyne’s lidar technology delivers the
range, accuracy and resolution needed for our solution to navigate
complex indoor and outdoor factory settings.”
“Yamaha Motor’s eve auto is transforming the factory logistics
industry by offering a complete package solution of autonomous
transport,” said Laura Wrisley, Senior Vice President, Worldwide
Sales, Velodyne Lidar. “Equipped with Velodyne’s Puck lidar
sensors, eve auto is a user-friendly service that can significantly
reduce the barrier of entry for companies wanting autonomous
transport solutions to improve efficiency and factory safety.”
For more information, contact Velodyne Sales at 669.275.2526 or
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, a 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221011005602/en/
Investor Relations Jim Fanucchi Darrow Associates, Inc.
InvestorRelations@velodyne.com
Media Jane Maynard Velodyne Lidar PR@velodyne.com
Velodyne Lidar (NASDAQ:VLDR)
Historical Stock Chart
From Jul 2024 to Aug 2024
Velodyne Lidar (NASDAQ:VLDR)
Historical Stock Chart
From Aug 2023 to Aug 2024