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Velodyne Lidar Wins GeoBuiz Summit Award for Innovation in Mapping Technological innovation | Organization

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

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) nowadays introduced its Intelligent Infrastructure Resolution won the GeoBuiz Summit Award. Velodyne’s wise town option was acknowledged for excellence in innovation in the Mapping Technological innovation class.

This push release characteristics multimedia. See the whole launch right here: https://www.businesswire.com/news/house/20220603005111/en/

Velodyne Lidar declared its Clever Infrastructure Answer received the GeoBuiz Summit Award. Velodyne’s clever town remedy was regarded for excellence in innovation in the Mapping Know-how class. (Photo: Velodyne Lidar)

Smart Infrastructure Resolution, combining Velodyne’s award-winning lidar sensors and Bluecity’s AI software, makes a actual-time 3D map of roadways and intersections. It supplies precise traffic monitoring and analytics that are not doable with other sorts of sensors like cameras, radar or inductive loops.

The whole stack alternative is deployed throughout a few continents, such as units rolled out in Texas, Florida, Nevada, California, New Jersey, Missouri and Canada.

Clever Infrastructure Answer allows cities and states to take a proactive strategy on safety by featuring actual-time multimodal analytics of not only motor vehicles, but also susceptible street buyers. It is serving to communities understand root leads to of in close proximity to-miss collisions, crimson mild jogging and unique forms of roadway consumer actions.

By strengthening traffic circulation and minimizing congestion, Smart Infrastructure Alternative can make improvements to vitality efficiency and reduces greenhouse fuel emissions for a much more sustainable upcoming. Earlier this year, the answer won the 2022 SXSW Innovation Awards from the South by Southwest Conference and Festivals.

“Velodyne’s Clever Infrastructure Resolution was the standout program in our Mapping Technological innovation group,” stated Anusuya Datta, Editor – Americas, Geospatial World. “The alternative is reworking infrastructure, enabling governments to create a data-pushed system to generate a safer, additional sustainable targeted traffic network.”

“Our solution supports cities throughout the earth as they do the job to put into action road advancements, plan changes and academic efforts that will shield vulnerable highway users,” claimed Sally Frykman, Chief Marketing and advertising Officer, Velodyne Lidar. “Intelligent Infrastructure Resolution advancements Velodyne’s mission of creating wise systems for a environment in movement and their eyesight of science in service of safety.”

GeoBuiz Summit is a one particular-of-a-kind geospatial organization leaders conference that is held by Geospatial Earth, a leading media outlet that improvements geospatial knowledge in the environment economic system and culture. Geospatial World recently highlighted Velodyne Lidar CEO Dr. Ted Tewksbury in an posting about how Velodyne’s lidar sensors and software program are playing an significant position in applications together with in geospatial and mapping, as nicely as past mile shipping and delivery, industrial and robotics, production and infrastructure.

For additional information on the Intelligent Infrastructure Remedy, get hold of Velodyne Sales: 669.275.2526, [email protected], and look at the IIS overview online video.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous know-how with the invention of serious-time encompass watch lidar sensors. Velodyne, the international leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and computer software options provide overall flexibility, top quality and overall performance to meet the wants of a wide variety of industries, together with robotics, industrial, smart infrastructure, autonomous cars and state-of-the-art driver aid techniques (ADAS). By constant innovation, Velodyne strives to transform life and communities by advancing safer mobility for all.

Ahead Hunting Statements

This press launch is made up of “ahead searching statements” inside of the that means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 such as, without limitation, all statements other than historic fact and contain, without having limitation, statements about Velodyne’s concentrate on marketplaces, new merchandise, advancement efforts, and levels of competition. When employed in this press launch, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “designs,” “intends,” “believes,” “seeks,” “may perhaps,” “will,” “can,” “need to,” “potential,” “suggest” and variations of these words and phrases or related expressions (or the damaging versions of these types of words and phrases or expressions) are intended to determine forward-seeking statements. These forward-seeking statements are not ensures of potential effectiveness, ailments or effects and involve a selection of regarded and unfamiliar challenges, uncertainties, assumptions and other vital components, quite a few of which are outdoors Velodyne’s handle, that could cause actual final results or outcomes to vary materially from those people reviewed in the ahead-on the lookout statements. Essential aspects, among other individuals, that may possibly influence actual outcomes or outcomes consist of uncertainties regarding federal government regulation and adoption of lidar, the uncertain affect of the COVID-19 pandemic on Velodyne’s and its customers’ organizations Velodyne’s capacity to deal with advancement Velodyne’s means to execute its organization prepare uncertainties relevant to the means of Velodyne’s buyers to commercialize their products and solutions and the greatest market place acceptance of these merchandise the amount and degree of market acceptance of Velodyne’s merchandise the results of other competing lidar and sensor-relevant products and solutions and providers that exist or may possibly come to be obtainable uncertainties relevant to Velodyne’s present litigation and possible litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual property and common financial and sector situations impacting demand from customers for Velodyne’s solutions and services. For additional information about challenges and uncertainties involved with Velodyne’s organization, remember to refer to the “Management’s Discussion and Investigation of Financial Ailment and Success of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, such as, but not minimal to, its yearly report on Type 10-K and quarterly stories on Kind 10-Q. All forward-wanting statements in this press release are based mostly on data offered to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any forward-hunting statements, whether as a final result of new info, foreseeable future gatherings or otherwise, besides as demanded by legislation.

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

Get hold of: Velodyne Trader Relations

[email protected]

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Liv Allen

[email protected]

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Source: Velodyne Lidar, Inc.

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

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