Lidar-Powered Mapping Systems for Any 3D
Environment
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a
multi-year agreement to provide its lidar sensors to GreenValley
International for handheld, mobile and unmanned aerial vehicle
(UAV) 3D mapping solutions, including in GPS-denied environments.
Velodyne is already shipping sensors to GreenValley as part of this
agreement.
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GreenValley International's LiBackpack
DGC50 mobile backpack 3D mapping system equipped with Velodyne
Lidar's Puck lidar sensors. Photo credit: GreenValley
International
GreenValley uses Velodyne’s Puck lidar sensors to provide
perception and navigation capabilities that enable their systems to
utilize SLAM (simultaneous localization and mapping) in their
mobile mapping solutions. The ability to scan without GPS by using
lidar allows foresters, archaeologists, civil engineers and
surveyors to build robust datasets without preparations ahead of
time or complex post-processing software. Velodyne’s
power-efficient, versatile sensors allow GreenValley to incorporate
their technology into a variety of form factors, from backpacks to
drones/UAVs to handheld mobile devices that can be used in a wide
range of indoor and outdoor environments, regardless of
temperature, lighting or precipitation.
“Adopting Velodyne’s industry-leading lidar sensors has enabled
GreenValley to innovate and provide various industries with
cutting-edge, reliable 3D mapping solutions,” said Dr. Qinghua Guo,
CEO of GreenValley International. “Velodyne’s lidar sensors
currently power select models in our aerial and handheld mapping
catalog. We have received extremely positive end user feedback, and
we are excited about our future collaborations.”
“GreenValley is transforming various industries with its
innovative and reliable lidar-powered 3D mapping solutions,” said
Dr. Ted Tewksbury, CEO of Velodyne Lidar. “Enabled by Velodyne’s
lidar sensors, GreenValley’s aerial and mobile mapping product
catalog has greatly improved data processing efficiency, saving
time and reducing costs for customers worldwide.”
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of
autonomous technology with the invention of real-time surround view
lidar sensors. Velodyne, a global leader in lidar, is known for its
broad portfolio of breakthrough lidar technologies. Velodyne’s
revolutionary sensor and software solutions provide flexibility,
quality and performance to meet the needs of a wide range of
industries, including robotics, industrial, intelligent
infrastructure, autonomous vehicles and advanced driver assistance
systems (ADAS). Through continuous innovation, Velodyne strives to
transform lives and communities by advancing safer mobility for
all.
About GreenValley International
GreenValley International is a leader in complete 3D surveying
and mapping solutions. GreenValley focuses on LiDAR and image
fusion technology, specializing in lidar, UAV, SLAM,
photogrammetry, and other technologies to achieve an accurate
digital representation of three-dimensional space. GVI
high-precision lidar scanning systems, such as LiAir
(UAV/Fixed-Wing), LiMobile (vehicle-mounted), LiBackpack, and LiPod
(terrestrial), help create smart cities and provide intelligent
solutions in energy, agriculture, forestry, roadwork, geographic
information (GIS), mining, and more. LiDAR360, LiPowerline,
LiStreet, and other GVI software solutions provide core processing
and analysis for accurate point cloud editing and
visualization.
Forward Looking Statements
This press release contains "forward looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995 including, without
limitation, all statements other than historical fact and include,
without limitation, statements regarding Velodyne’s target markets,
new products, development efforts, and competition. When used in
this press release, the words "estimates," "projected," "expects,"
"anticipates," "forecasts," "plans," "intends," "believes,"
"seeks," "may," "will," “can,” "should," "future," "propose" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Velodyne's control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include the impact on our operations and
financial condition from the effects of the current COVID-19
pandemic both on Velodyne’s business and those of its customers and
suppliers; supply chain issues in the semiconductor market;
Velodyne’s ability to execute its business plan; the timing of
revenue from existing customers, including uncertainties related to
the ability of Velodyne’s customers to commercialize their products
and the ultimate market acceptance of these products; uncertainties
related to Velodyne’s estimates of the size of the markets for its
products and future revenue opportunities, including projects that
are not yet signed or awarded; charges related to the vesting of
the Amazon Warrant; the rate and degree of market acceptance of
Velodyne Lidar’s products in a variety of industries; the success
of other competing lidar and sensor-related products and services
that exist or may become available; rising costs adversely
affecting Velodyne’s profitability; uncertainties related to
Velodyne Lidar’s current litigation and potential litigation
involving Velodyne Lidar or the validity or enforceability of
Velodyne’s intellectual property; the risk that the proposed merger
with Ouster may be delayed or not occur at all for a variety of
reasons, including the failure of either party to obtain a
shareholder vote or delays in obtaining such vote, or termination
of the agreement by either party under customary termination
rights; disruptions to our business during the pendency of the
proposed merger, including management distraction as well as the
response of business partners and employees; the risk of negative
publicity and litigation as a result of the proposed merger; the
diversion of management time in connection with the proposed
merger; customary operating covenants in the merger agreement that
limit Velodyne Lidar’s ability to engage in certain actions without
the consent of Ouster (which shall not be unreasonably withheld);
the risk that the combined company may fail to realize the
anticipated benefits and cost savings from the merger; Velodyne
Lidar’s ability to partner with and rely on third party
manufacturers; general economic and market conditions impacting
demand for Velodyne Lidar’s products and services; and changes in
applicable laws or regulations.
For more information about risks and uncertainties associated
with Velodyne’s business, please refer to the “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” and “Risk Factors” sections of Velodyne’s SEC filings,
including, but not limited to, its annual report on Form 10-K and
quarterly reports on Form 10-Q. All forward-looking statements in
this press release are based on information available to Velodyne
as of the date hereof, Velodyne undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221117005179/en/
Investor Relations Jordan Darrow Darrow Associates, Inc.
InvestorRelations@velodyne.com
Media Jane Maynard Velodyne Lidar PR@velodyne.com
Velodyne Lidar (NASDAQ:VLDR)
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