Velodyne Lidar Announces Multi-Year Sales Agreement With Local Motors
Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced a multi-year sales agreement with Local Motors, a leading digital vehicle manufacturer that develops sustainable mobility solutions to empower communities around the world. Local Motors uses Velodyne’s lidar sensors to enable safe, reliable operation of Olli, the company’s 3D-printed, electric, self-driving shuttle.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201119005268/en/
Velodyne Lidar, Inc. announced a multi-year sales agreement with Local Motors. Local Motors uses Velodyne’s lidar sensors to enable safe, reliable operation of Olli, the company’s 3D-printed, electric, self-driving shuttle. (Photo: Local Motors)
Local Motors includes multiple Velodyne Puck™ sensors in Olli, which provides mobility services across neighborhoods, campuses and urban city centers. The sales agreement also positions Local Motors to incorporate additional Velodyne sensors, including the Velarray H800, into Olli designs so the company can continue to optimize the perception system of the autonomous vehicle.
The 360-degree surround view Puck sensor can eliminate blind spots as Olli navigates in varied driving conditions. The sensor’s proven durability on roadways and range of sensing to support safer navigation were also important decision drivers for Local Motors.
The Puck’s sleek, compact form factor made it easy for Local Motors to aesthetically integrate the sensor into the elegantly designed Olli, including behind the vehicle’s AGC Wideye™ automotive-grade glass. A highly automated, mass production manufacturing operation enables Velodyne to deliver cost-effective Puck sensors to the Local Motors microfactory.
Olli is deployed at universities, business parks and local communities throughout the United States and in Asia, Europe and the Middle East. Olli acts as a connector in multimodal transportation networks that complements existing mobility ecosystems by providing a first-mile, last-mile solution which addresses transportation gaps and inefficiencies.
Deployments of Olli 2.0, Local Motors’ latest iteration, include the Jacksonville (Fla.) Transportation Authority’s Test & Learn Program. The deployment of the Olli 2.0 at JTA was the first in the United States and made possible through a recent partnership with Beep, a Florida-based mobility-as-a-service provider. Local Motors and Beep have plans to deploy hundreds of autonomous vehicles in the coming years.
“We selected Velodyne’s sensors after a rigorous evaluation process where they clearly stood out as the right strategic partner to address our long-term lidar needs,” said Vikrant Aggarwal, President, Local Motors. “Velodyne’s technology leadership gives us confidence we will always have the latest lidar technology to help ensure safety in our vehicles. We look forward to co-evolving our product offerings to address more use cases in the autonomous mobility space.”
“With Olli, Local Motors is empowering communities to redefine local transportation and create opportunities for people with mobility challenges,” said Laura Wrisley, Vice President of North American Sales, Velodyne Lidar. “Our sensors provide the much-needed data for Olli’s critical safety features. Local Motors is a valued customer that is open and easy to collaborate with in addressing their lidar needs. The insights from Local Motors on our product development and prototypes have been very helpful in shaping our sensor portfolio to enable safer autonomous driving.”
Velodyne Puck sensors provide rich computer perception data that make it quick and easy for autonomous solutions to build highly accurate 3D maps for navigation. The Puck delivers a high-resolution surround view image which can accurately measure and analyze an environment. The Puck’s reliability, power-efficiency and versatility make it an ideal solution for demanding mobility and other applications.
About Velodyne Lidar
Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the first public pure-play lidar company and is known worldwide 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 autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.
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, 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 Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties related to the ability of Velodyne's customers to commercialize their products and the ultimate market acceptance of these products; the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; uncertainties related to Velodyne's estimates of the size of the markets for its products; the rate and degree of market acceptance of Velodyne's products; the success of other competing lidar and sensor-related products and services that exist or may become available; Velodyne's ability to identify and integrate acquisitions; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and market conditions impacting demand for Velodyne's products and services. 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.
Chief Financial Officer
Landis Communications Inc.
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Global Electronic Toll Collection and Road Usage Charging market to reach €490 billion in 20302.12.2020 17:06:00 CET | Press release
As the UK government just announced it is considering Road Usage Charging (RUC) as a funding solution for its road network, RUC schemes are being pushed ahead around the world. In the US, Asia, Africa and Oceania, electronic tolling is becoming crucial to bridge financing gaps and substitute declining gas tax receipts. PTOLEMUS Consulting Group forecasts that 874 million global subscriptions in ETC/RUC schemes will be active by 2030, collecting over €490 billion every year by 2030. PTOLEMUS’ Electronic Tolling Global Study is the 3rd edition of its highly popular Electronic Tolling series of reports, and represents the most comprehensive review of the global ETC/RUC market to-date, including 950 pages of insights, data, analyses and forecasts. PTOLEMUS expects the global ETC/RUC market to grow at 13% CAGR to 2030, driven by multiple factors including: environmental policy, economic development, interoperability schemes and growth of cashless payments, propelled by COVID-19. Dr Andrew J
Continental Structural Plastics Perfects Carbon Fiber RTM Process, Launches Production Programs2.12.2020 16:27:00 CET | Press release
After winning a JEC Innovation Award in 2016 for its Lincoln MKS Decklid Concept – a TCA Ultra Lite® outer panel and a carbon fiber RTM prototype inner – Continental Structural Plastics (CSP) has fine-tuned its carbon fiber RTM (CF-RTM) process to the point that a premium automaker will be using the technology for closures on future vehicle platforms. These doors will feature both inner and outer panels as well as structural reinforcements molded using CSP’s advanced CF-RTM process. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201202005708/en/ The new carbon fiber RTM press installed at the CSP facility in Palmela, Portugal, will soon be running the company's first commercial applications of this technology. (Photo: Business Wire) When CSP set up its Center of Excellence for Lightweight Technologies and Carbon Fiber Processes in Pouancé, France, in 2013, the goal was to develop processes to make the use of carbon fiber in
Pricefx Reimagines Pricing Software with Groundbreaking Product Enhancements2.12.2020 15:30:00 CET | Press release
Pricefx, the global leader in cloud-native pricing software, today announced the new face of its pricing platform. Unity UI is a sleek, dynamic new look for all of Pricefx’s industry-leading pricing modules. The company has also launched PriceOptimizer AI, a next-generation price optimization solution powered by transparent and predictive machine learning and multi-agent AI. Finally, Pricefx introduced new Accelerators, pre-defined solution building blocks that quickly and easily incorporate best practice functionality. With these new enhancements, Pricefx is now more streamlined, powerful and agile than ever before. Now, businesses using Pricefx can get more done and price more effectively with fewer clicks. “2020 revealed the critical importance of pricing in a digital-first world and Pricefx invested heavily in developing and refining our pricing platform to ensure that businesses around the world can successfully use our software to build a path to growth,” said Marcin Cichon, CEO
Soar the Skies with Demon Avenger in New MapleStory M Update2.12.2020 15:00:00 CET | Press release
Starting today, Maplers can take to the sky with the new warrior class, Demon Avenger, in Nexon’s free-to-play mobile MMORPG, MapleStory M! This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201202005043/en/ MapleStory M (Graphic: Business Wire) Soaring through the battlefield with Demon Wings, the Demon Avenger joins the fray with an Exceed System that deals excessive damage. Using HP to cast skills, the Demon Avenger can easily recover using various healing abilities, including Blood Pact, in the midst of battle. A selection of limited-time events are also available, including: Demon Avenger Celebratory Log-in Reward Event: Players logging in from today through December 7, 2020 will receive a special gift to help their character level up once per account. Demon Avenger Growth Support Event: Until January 11, 2021, players who reach a certain level will receive additional in-game items useful for a specific character’s level-up
Uber, Rivian, JetBlue, Cabify, and Boom Supersonic Sign The Climate Pledge2.12.2020 15:00:00 CET | Press release
Today, during Web Summit 2020, Amazon (NASDAQ: AMZN) and Global Optimism announced that Boom Supersonic, Cabify, JetBlue, Rivian, and Uberhave joined The Climate Pledge, a commitment to be net-zero carbon by 2040—a decade ahead of the Paris Agreement’s goal of 2050. Signatories to The Climate Pledge agree to: Measure and report greenhouse gas emissions on a regular basis; Implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon-emission elimination strategies; Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040. “By signing The Climate Pledge, companies around the world are making a bold commitment to help protect our planet from the devastating impacts of climate change,” said Jeff Bezos, Amazon founder and CEO. “The trans
DXC Technology and Microsoft Collaborate to Power a More Personalized, Intelligent, Secure and Modern Workplace Experience for Global Enterprises2.12.2020 14:30:00 CET | Press release
DXC Technology (NYSE: DXC) today announced an expanded strategic collaboration with Microsoft to deliver a more personalized, intelligent, secure and modern workplace experience to help companies to address rapidly evolving business challenges and customer and employee needs. DXC and Microsoft are joining forces to deliver a solution and suite of services that will help companies to empower their employees with a modern workplace experience and to ensure customers’ employees can seamlessly and securely work anytime, anywhere and on any device. Called DXC MyWorkStyle™, DXC brings the largest install base of workplace customers and the blueprint for the modern workplace experience. As part of the collaboration, Microsoft and DXC will work together to co-develop and deliver the solution, leveraging artificial intelligence and machine learning from millions of data points to create a modern workplace experience. DXC and Microsoft will bring together leading technology, engineering talent a