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Velodyne Lidar Wins GeoBuiz Summit Award for Innovation in Mapping Technological know-how | Company

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SAN JOSE, Calif.–(Organization WIRE)–Jun 3, 2022–

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) currently declared its Clever Infrastructure Solution won the GeoBuiz Summit Award. Velodyne’s sensible metropolis option was identified for excellence in innovation in the Mapping Technologies classification.

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Velodyne Lidar introduced its Smart Infrastructure Solution won the GeoBuiz Summit Award. Velodyne’s sensible metropolis alternative was regarded for excellence in innovation in the Mapping Technology class. (Picture: Velodyne Lidar)

Clever Infrastructure Solution, combining Velodyne’s award-successful lidar sensors and Bluecity’s AI computer software, makes a true-time 3D map of roads and intersections. It delivers precise targeted visitors monitoring and analytics that are not probable with other varieties of sensors like cameras, radar or inductive loops.

The comprehensive stack alternative is deployed across a few continents, which include systems rolled out in Texas, Florida, Nevada, California, New Jersey, Missouri and Canada.

Smart Infrastructure Answer permits metropolitan areas and states to acquire a proactive method on protection by providing serious-time multimodal analytics of not only automobiles, but also susceptible road buyers. It is serving to communities understand root will cause of near-skip collisions, pink light managing and unique kinds of roadway consumer habits.

By improving upon website traffic move and reducing congestion, Clever Infrastructure Option can boost energy efficiency and lowers greenhouse gasoline emissions for a more sustainable future. Earlier this 12 months, the answer gained the 2022 SXSW Innovation Awards from the South by Southwest Meeting and Festivals.

“Velodyne’s Clever Infrastructure Alternative was the standout program in our Mapping Engineering group,” explained Anusuya Datta, Editor – Americas, Geospatial Globe. “The option is transforming infrastructure, enabling governments to construct a info-driven system to build a safer, far more sustainable visitors network.”

“Our alternative supports towns throughout the entire world as they do the job to put into action avenue enhancements, coverage changes and instructional endeavours that will guard vulnerable street customers,” explained Sally Frykman, Main Marketing Officer, Velodyne Lidar. “Intelligent Infrastructure Resolution innovations Velodyne’s mission of making good systems for a globe in motion and their vision of science in assistance of security.”

GeoBuiz Summit is a a person-of-a-sort geospatial organization leaders conference that is held by Geospatial Entire world, a premier media outlet that developments geospatial information in the entire world overall economy and modern society. Geospatial Earth not long ago highlighted Velodyne Lidar CEO Dr. Ted Tewksbury in an short article about how Velodyne’s lidar sensors and software are enjoying an vital position in purposes including in geospatial and mapping, as effectively as final mile supply, industrial and robotics, manufacturing and infrastructure.

For much more details on the Intelligent Infrastructure Resolution, speak to Velodyne Gross sales: 669.275.2526, gross [email protected], and check out the IIS overview movie.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous engineering with the invention of true-time surround see lidar sensors. Velodyne, the world-wide chief in lidar, is acknowledged for its wide portfolio of breakthrough lidar systems. Velodyne’s groundbreaking sensor and software program options provide flexibility, excellent and functionality to meet the demands of a huge vary of industries, which include robotics, industrial, smart infrastructure, autonomous vehicles and sophisticated driver support systems (ADAS). Via continual innovation, Velodyne strives to completely transform lives and communities by advancing safer mobility for all.

Ahead On the lookout Statements

This push launch is made up of “forward seeking statements” inside of the this means of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995 including, without the need of limitation, all statements other than historical truth and involve, devoid of limitation, statements about Velodyne’s concentrate on markets, new products, progress attempts, and level of competition. When utilized in this press release, the terms “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may possibly,” “will,” “can,” “must,” “foreseeable future,” “suggest” and variations of these terms or similar expressions (or the damaging variations of such words or expressions) are supposed to determine ahead-hunting statements. These forward-seeking statements are not assures of upcoming effectiveness, problems or effects and contain a number of regarded and unknown risks, uncertainties, assumptions and other crucial aspects, lots of of which are outdoors Velodyne’s handle, that could bring about precise outcomes or outcomes to differ materially from those people mentioned in the ahead-wanting statements. Essential components, amid others, that could have an affect on precise effects or results include uncertainties about govt regulation and adoption of lidar, the uncertain affect of the COVID-19 pandemic on Velodyne’s and its customers’ businesses Velodyne’s means to control growth Velodyne’s means to execute its business program uncertainties linked to the capacity of Velodyne’s shoppers to commercialize their solutions and the ultimate market place acceptance of these items the charge and degree of marketplace acceptance of Velodyne’s items the results of other competing lidar and sensor-related products and services that exist or could come to be offered uncertainties related to Velodyne’s recent litigation and opportunity litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual house and basic economic and marketplace ailments impacting need for Velodyne’s goods and products and services. For additional facts about threats and uncertainties connected with Velodyne’s small business, please refer to the “Management’s Discussion and Analysis of Economic Issue and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, like, but not minimal to, its yearly report on Variety 10-K and quarterly stories on Kind 10-Q. All forward-seeking statements in this push launch are centered on details accessible to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any ahead-looking statements, whether as a result of new data, potential situations or normally, except as expected by law.

Perspective source variation on businesswire.com:https://www.businesswire.com/news/dwelling/20220603005111/en/

Contact: Velodyne Trader Relations

[email protected]

Codeword

Liv Allen

[email protected]

Keyword: UNITED STATES NORTH The us CANADA CALIFORNIA

Market Search phrase: Hardware SEMICONDUCTOR AUTOMOTIVE Producing Electronic Structure AUTOMATION Production Alternative Motor vehicles/FUELS Engineering AUDIO/Video clip OTHER AUTOMOTIVE OTHER Transportation General AUTOMOTIVE Transport OTHER Technological know-how AUTOMOTIVE NETWORKS Cellular/Wireless

Supply: Velodyne Lidar, Inc.

Copyright Business Wire 2022.

PUB: 06/03/2022 06:48 AM/DISC: 06/03/2022 06:48 AM

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