Lidar-Powered Mapping and Vegetation
Management for Safety and Sustainability
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a new
multi-year agreement with Swedish company Visimind Group to provide
customers in the EMEIA region with integrated solutions, including
mapping and vegetation management, powered by Velodyne’s lidar
technology. This agreement further strengthens the long-standing
partnership between Visimind and Velodyne Lidar, including a 3-year
supply agreement for Puck and Ultra Puck lidar sensors. Shipping
has already begun.
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Visimind's E Cutter, a pruning machine
that provides the operator efficient, precise, real-time control
under power lines, using Velodyne Lidar's Ultra Puck sensor. Photo
credit: Visimind Group
Visimind is an expert and leading provider in airborne mapping
of power lines and portable solutions for major European energy
distribution. Visimind offers a line of products that enable better
control of infringements, proper vegetation maintenance and
complete mapping of power lines. Visimind’s solutions, powered by
high-precision inertial measurement units (IMUs) from OxTS and
sensors from Velodyne, including Puck, Ultra Puck and Alpha Prime,
contribute to increased public safety by securing precise
information to energy distribution companies.
Velodyne Lidar sensors chosen for high performance
Visimind’s selection of Velodyne was driven by the high
performance, ease of integration and lower power usage of their
sensors, enabling long operation time and portability. “We have
been in the mapping business for more than 20 years, with our first
lidar integration in 2007,” said Daniel Öhman, CTO of Visimind.
“After testing many sensors available on the market, we were most
impressed with Velodyne’s performance and outstanding quality,
especially in challenging weather conditions and environments. In
addition to technical requirements, we chose Velodyne due to their
strong reputation and customer support. As the inventor of 3D
lidar, we are proud to be working with an innovative leader whose
technology has helped us develop and sell our solutions over the
years.”
“Visimind is transforming airborne mapping for the energy
industry with its lidar-powered solutions,” said Laura Wrisley,
Senior Vice President, Worldwide Sales, Velodyne Lidar. “Equipped
with Velodyne’s lidar sensors and IMUs by OxTS, Visimind’s products
provide energy distributors the precision needed to manage their
power lines and vegetation, which increases overall public safety
as well as sustainability and efficiency for those companies.”
Multiple Visimind solutions use Velodyne Lidar
Visimind is successfully using Velodyne’s lidar technology in
several types of applications, for example in their products PLCT,
E Cutter and mDAM. PLCT is a tool for real-time control of
vegetation infringement. In a recent customer integration in
France, PLCT is being used in the field to detect places where
vegetation is in dangerous proximity to power lines. Lidar data
from the Puck combined with Visimind’s software enables this
tracking in real-time. Utilizing the Ultra Puck, E Cutter is a
pruning machine that provides the operator efficient, precise,
real-time control under power lines. The mDAM mapping system uses
both Ultra Puck and Alpha Prime sensors mounted on a drone, car,
helicopter or similar vehicle to create detailed surface maps of
accessible and less accessible terrain. Visimind’s integrative
solutions in mapping for the energy industry are enabling increased
public safety in that sector.
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.
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Investor Relations Darrow Associates, Inc.
InvestorRelations@velodyne.com
Media Jane Maynard Velodyne Lidar PR@velodyne.com
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