SAN JOSE, Calif.–(Small business WIRE)–Jun 3, 2022–
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) right now introduced its Intelligent Infrastructure Solution gained the GeoBuiz Summit Award. Velodyne’s sensible town resolution was acknowledged for excellence in innovation in the Mapping Technologies classification.
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Velodyne Lidar introduced its Clever Infrastructure Answer received the GeoBuiz Summit Award. Velodyne’s intelligent city remedy was recognized for excellence in innovation in the Mapping Know-how category. (Photograph: Velodyne Lidar)
Smart Infrastructure Remedy, combining Velodyne’s award-winning lidar sensors and Bluecity’s AI application, generates a serious-time 3D map of roads and intersections. It delivers exact targeted visitors checking and analytics that are not achievable with other styles of sensors like cameras, radar or inductive loops.
The comprehensive stack resolution is deployed throughout a few continents, which include devices rolled out in Texas, Florida, Nevada, California, New Jersey, Missouri and Canada.
Smart Infrastructure Solution permits cities and states to choose a proactive method on protection by offering serious-time multimodal analytics of not only motor vehicles, but also susceptible road consumers. It is helping communities comprehend root leads to of around-miss out on collisions, crimson light-weight working and distinctive styles of roadway user conduct.
By strengthening traffic move and reducing congestion, Clever Infrastructure Alternative can improve electrical power efficiency and decreases greenhouse fuel emissions for a additional sustainable foreseeable future. Earlier this yr, the remedy won the 2022 SXSW Innovation Awards from the South by Southwest Convention and Festivals.
“Velodyne’s Clever Infrastructure Answer was the standout system in our Mapping Know-how class,” said Anusuya Datta, Editor – Americas, Geospatial Globe. “The option is reworking infrastructure, enabling governments to establish a information-driven plan to generate a safer, a lot more sustainable targeted visitors network.”
“Our solution supports towns throughout the globe as they operate to put into action avenue advancements, coverage adjustments and academic attempts that will defend susceptible highway buyers,” mentioned Sally Frykman, Chief Marketing Officer, Velodyne Lidar. “Intelligent Infrastructure Alternative developments Velodyne’s mission of producing clever systems for a earth in movement and their vision of science in provider of protection.”
GeoBuiz Summit is a one particular-of-a-form geospatial enterprise leaders meeting that is held by Geospatial Globe, a premier media outlet that innovations geospatial knowledge in the environment economic system and modern society. Geospatial World not too long ago highlighted Velodyne Lidar CEO Dr. Ted Tewksbury in an report about how Velodyne’s lidar sensors and software package are actively playing an critical job in applications which include in geospatial and mapping, as perfectly as previous mile supply, industrial and robotics, production and infrastructure.
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new period of autonomous technological know-how with the invention of true-time surround watch lidar sensors. Velodyne, the global leader in lidar, is identified for its wide portfolio of breakthrough lidar systems. Velodyne’s revolutionary sensor and computer software solutions supply versatility, high quality and performance to meet up with the demands of a extensive array of industries, which includes robotics, industrial, smart infrastructure, autonomous motor vehicles and superior driver guidance techniques (ADAS). By ongoing innovation, Velodyne strives to renovate life and communities by advancing safer mobility for all.
Forward Searching Statements
This push launch contains “forward looking statements” within just the indicating of the “secure harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 like, with no limitation, all statements other than historic reality and include, with no limitation, statements concerning Velodyne’s goal marketplaces, new products, improvement attempts, and levels of competition. When utilised in this press release, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “options,” “intends,” “thinks,” “seeks,” “may,” “will,” “can,” “should,” “foreseeable future,” “propose” and versions of these words and phrases or very similar expressions (or the destructive variations of such phrases or expressions) are intended to detect forward-on the lookout statements. These forward-hunting statements are not assures of foreseeable future performance, problems or final results and involve a selection of known and mysterious challenges, uncertainties, assumptions and other important things, many of which are outside Velodyne’s control, that could trigger actual results or results to vary materially from these reviewed in the ahead-on the lookout statements. Significant components, amongst many others, that may possibly have an impact on precise outcomes or results include things like uncertainties regarding govt regulation and adoption of lidar, the uncertain effects of the COVID-19 pandemic on Velodyne’s and its customers’ businesses Velodyne’s skill to take care of development Velodyne’s capability to execute its business enterprise plan uncertainties associated to the capability of Velodyne’s buyers to commercialize their merchandise and the ultimate marketplace acceptance of these products the fee and degree of industry acceptance of Velodyne’s goods the good results of other competing lidar and sensor-associated products and solutions and products and services that exist or may possibly turn into out there uncertainties relevant to Velodyne’s present-day litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual residence and common financial and current market situations impacting need for Velodyne’s solutions and expert services. For extra facts about challenges and uncertainties related with Velodyne’s business enterprise, you should refer to the “Management’s Dialogue and Investigation of Economic Situation and Effects of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, like, but not restricted to, its yearly report on Form 10-K and quarterly experiences on Form 10-Q. All ahead-looking statements in this press release are primarily based on info accessible to Velodyne as of the day hereof, Velodyne undertakes no obligation to update or revise any ahead-searching statements, irrespective of whether as a outcome of new information and facts, future activities or normally, besides as required by regulation.
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PUB: 06/03/2022 06:48 AM/DISC: 06/03/2022 06:48 AM