Velodyne Lidar’s Drew Hamer Named Finalist in Bay Area CFO of the Year Awards

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Hamer Acknowledged for Monetary Management in Serving to Velodyne Change into World’s First Public Pure-Play Lidar Firm

SAN JOSE, Calif. — Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) at the moment introduced Chief Monetary Officer Drew Hamer has been named a finalist within the Bay Space CFO of the Yr Awards.

Hamer was acknowledged for his central function in Velodyne’s elevating $70 million from strategic buyers, main the corporate via the COVID-19 financial downturn with a mixture of loans and asset gross sales, and guiding the corporate via a SPAC merger that raised $419 million which absolutely capitalized its stability sheet. Velodyne is the world’s first public pure-play lidar firm.

As a strategic chief, Hamer constructed Velodyne’s monetary processes, programs, insurance policies and company governance to assist the corporate’s continued progress. Velodyne, the worldwide chief in lidar, is understood for its broad portfolio of breakthrough lidar applied sciences that meets the wants of a variety of industries. Velodyne sensor and software program options remodel lives by advancing secure mobility and sensible communities.

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The Bay Area CFO of the Year Awards are offered by Larkin Street Youth Services, in partnership with the San Francisco Business Times. The group selects finalists based mostly on its proprietary method of quantitative, qualitative and distinctive constructive impacts CFOs contribute to their organizations. The winners might be introduced at an awards ceremony in San Francisco on September 23, 2021.

“Drew is a valued colleague whose experience and dedication have contributed mightily to Velodyne’s progress,” stated Anand Gopalan, Chief Government Officer, Velodyne Lidar. “Drew’s observe report of outstanding efficiency in enterprise and innovation in his area make him an excellent alternative as a CFO of the Yr Award finalist.”

“It’s an honor to be named a finalist for the Bay Space CFO of the Yr Award within the Public Firm class,” stated Hamer. “There are a lot of proficient CFOs within the Bay Space and I congratulate the opposite award finalists. The final 12 months of serving to Velodyne turn into after which handle as a public firm offered many challenges and alternatives. It was a privilege to be a part of the manager and monetary groups that labored enormously arduous to make Velodyne a profitable, rising public firm.”

As Velodyne’s CFO, Hamer works with the management workforce on monetary technique and leads the finance group with forecasting, budgeting and accounting. He’s a seasoned finance govt with over 25 years of monetary management expertise at public and pre-public expertise firms. Earlier than becoming a member of Velodyne, Hamer labored at firms together with ON24, Keynote Programs, KnowNow, Intraspect Software program, Excite@House and Sybase. Hamer has managed investor relations, carried out monetary efficiencies, raised capital and oversaw the growth of monetary and enterprise operations all through the world, each organically and thru acquisitions.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a brand new period of autonomous expertise 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 programs (ADAS), robotics, unmanned aerial automobiles (UAV), sensible cities and safety. Via steady innovation, Velodyne strives to remodel lives and communities by advancing safer mobility for all. For extra info, go to www.velodynelidar.com.

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Ahead Wanting Statements

This press launch accommodates “ahead wanting statements” throughout the that means of the “secure harbor” provisions of the USA Personal Securities Litigation Reform Act of 1995 together with, with out limitation, all statements aside 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,” “might,” “will,” “can,” “ought to,” “future,” “suggest” and variations of those phrases or related expressions (or the adverse variations of such phrases or expressions) are meant to establish forward-looking statements. These forward-looking statements usually are not ensures of future efficiency, circumstances or outcomes and contain quite a few recognized and unknown dangers, uncertainties, assumptions and different necessary components, lots of that are exterior Velodyne’s management, that might trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. Essential components, amongst others, that will have an effect on precise outcomes or outcomes embody uncertainties concerning authorities regulation and adoption of lidar, the unsure impression of the COVID-19 pandemic on Velodyne’s and its clients’ companies; Velodyne’s potential to handle progress; Velodyne’s potential 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 that exist or might turn into out there; uncertainties associated to Velodyne’s present litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s mental property; and common financial and market circumstances impacting demand for Velodyne’s services. Velodyne undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by legislation.

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