Velodyne Lidar Intelligent Infrastructure Solution Wins Smart 50 Award

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Velodyne’s Resolution Acknowledged for Enabling Transformative Sensible Cities Initiatives

SAN JOSE, Calif. — Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) right now introduced its Intelligent Infrastructure Solution, powered by Bluecity, was named a winner of the 2021 Sensible 50 Award, recognizing the answer’s innovation in sensible metropolis functions. The awards, offered by Smart Cities Connect, have a extremely aggressive evaluation course of and honor the 50 most transformative sensible cities tasks on the earth.

Velodyne’s Clever Infrastructure Resolution helps governments clear up a few of their most difficult and pervasive infrastructure issues. The answer combines Velodyne’s award-winning lidar sensors and Bluecity’s highly effective synthetic intelligence (AI) software program to watch site visitors networks and public areas. It generates real-time information analytics and predictions to enhance site visitors and crowd circulation effectivity, advance sustainability and shield susceptible street customers.

The Clever Infrastructure Resolution is deployed in a number of North America cities, together with in Quebec and British Columbia, with upcoming installations in New Jersey. To qualify for a Sensible 50 Award, options should have achieved outcomes at a municipal scale or equal.

Velodyne’s Clever Infrastructure Resolution creates a real-time 3D map of roads and intersections, offering exact site visitors monitoring and analytics that isn’t potential with different sorts of sensors like cameras or radar. It reliably collects information in any lighting or climate situation, supporting 24/7, twelve months a 12 months operation, whereas additionally defending folks’s privateness. The answer advances security by way of multimodal analytics that detect varied street customers together with automobiles, pedestrians and cyclists. It may possibly predict, diagnose and tackle street security challenges, serving to municipalities and different clients make knowledgeable selections to take corrective motion.

“The Sensible 50 Award acknowledges Velodyne’s Clever Infrastructure Resolution as one the 50 finest examples of sensible cities know-how at work on the earth,” stated Jon Barad, Vice President of Enterprise Growth, Velodyne Lidar. “The award demonstrates how this modern lidar-based method can remodel roads and transportation infrastructure into sensible cities, creating sustainable, safer communities.”

The Sensible 50 Awards Gala might be held in Washington, D.C. this October, co-located with Sensible Cities Join Convention.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a brand new period of autonomous know-how with the invention of real-time encompass view lidar sensors. Velodyne, the worldwide chief in lidar, is understood for its broad portfolio of breakthrough lidar applied sciences. Velodyne’s revolutionary sensor and software program options present flexibility, high quality and efficiency to satisfy the wants of a variety of industries, together with autonomous automobiles, superior driver help techniques (ADAS), robotics, unmanned aerial automobiles (UAV), sensible cities and safety. Via steady innovation, Velodyne strives to rework lives and communities by advancing safer mobility for all. For extra data, go to www.velodynelidar.com.

Ahead Trying Statements

This press launch incorporates “ahead wanting statements” inside the which means of the “protected harbor” provisions of the US Personal Securities Litigation Reform Act of 1995 together with, with out limitation, all statements apart from historic reality and embody, with out limitation, statements concerning Velodyne’s goal markets, new merchandise, growth efforts, competitors. When used on this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “could,” “will,” “can,” “ought to,” “future,” “suggest” and variations of those phrases or related expressions (or the detrimental variations of such phrases or expressions) are meant to establish forward-looking statements. These forward-looking statements will not be ensures of future efficiency, situations or outcomes and contain plenty of recognized and unknown dangers, uncertainties, assumptions and different essential elements, a lot of that are outdoors Velodyne’s management, that would trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. Essential elements, amongst others, that will have an effect on precise outcomes or outcomes embody uncertainties concerning authorities regulation and adoption of lidar, the unsure influence of the COVID-19 pandemic on Velodyne’s and its clients’ companies; Velodyne’s means to handle development; Velodyne’s means to execute its marketing strategy; uncertainties associated to the flexibility of Velodyne’s clients to commercialize their merchandise and the last word market acceptance of those merchandise; the speed and diploma of market acceptance of Velodyne’s merchandise; the success of different competing lidar and sensor-related services and products that exist or could grow to be obtainable; uncertainties associated to Velodyne’s present litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s mental property; and normal financial and market situations impacting demand for Velodyne’s services and products. Velodyne undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by legislation.