Velodyne Lidar Sensors Power ThorDrive’s Trailblazing Autonomous Driving Commercial Vehicle Services
Utilizing Velodyne Lidar sensors, ThorDrive, a leading autonomous vehicle (AV) startup, is introducing commercial vehicle services in the first of many pilots. The kick-off event will be attended by local government and business leaders, including Mayor Liz Kniss of Palo Alto, Mike Jellen, President and CCO of Velodyne Lidar, and Seung-Woo Seo, founder of ThorDrive. The initial service, in partnership with Hassett ACE Hardware, will support select residents of Channing House (senior housing) and fire departments in Palo Alto with plans to expand to additional pilots soon. The ThorDrive platform is using Velodyne’s lidar sensors to provide rich data content for its AV software.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181128005205/en/
Velodyne Lidar’s ULTRA Puck™ VLP-32C sensor combines best-in-class performance with a small form factor. (Photo: Business Wire)
“We are excited to provide groundbreaking autonomous driving technology that is pioneering a new way to provide value-added services in logistics processes,” said Seung-Woo Seo. “Velodyne’s lidar technology provides a crucial data set for sensor fusion in ThorDrive software and will continue to be a core component in the ThorDrive sensor suite.”
“ThorDrive-powered commercial vehicle services demonstrate how Velodyne intelligent lidar sensors are helping companies place autonomous vehicles on the road today,” said Mike Jellen. “ThorDrive’s technology taps the full potential of Velodyne’s rich computer perception data to help determine the safest way to navigate and direct a self-driving vehicle. They are transforming logistics by developing dedicated autonomous vans to help companies create faster, more efficient commercial services.”
The ThorDrive platform has been designed to provide the highly accurate sensor fusion, high-precision localization, and detailed path planning needed to operate in dense urban environments. It can build maps for hyperlocal areas, such as private parking lots. The platform has been demonstrated to support proof-of-concept tests quickly and cost effectively.
ThorDrive has been using Velodyne lidar sensors in developing its autonomous driving technology since 2010. The company retrofits Ford vans with its AV technology and they will be deployed as a fleet of autonomous vehicles across the United States, addressing commercial and logistics markets.
“ThorDrive is very pleased to be working with Velodyne because of their commitment to continuous innovation and focus on manufacturing at scale,” said Farshid Arman, COO, ThorDrive. “Velodyne has been an invaluable collaborator and provides the reliable product and on-time delivery we need to develop our full stack autonomous driving software to our customers’ choice of commercial vehicles.”
ThorDrive, based in Silicon Valley, has been developing autonomous driving technology since 2010, and was established as a company in 2017. ThorDrive is applying its autonomous driving product suite to providing value-added commercial vehicle services (www.thordrive.ai).
About Velodyne Lidar
Founded in 1983 and headquartered in Silicon Valley, Velodyne is a technology company known worldwide for its real-time 3D lidar computing and software platforms. The company evolved after founder David Hall invented the HDL-64 Solid-State Hybrid lidar sensor in 2005. Since then, Velodyne Lidar, Inc. emerged as the unmatched market leader of real-time 3D vision systems used in a variety of commercial applications including autonomous vehicles, vehicle safety systems, mobile mapping, aerial mapping, and security. Its products range from the high-performance, surround view Ultra-Puck™ VLP-32, classic HDL-32/64 and cost-effective VLP-16, the new VLS-128, to the upcoming, hidden Velarray™. Velodyne’s rich suite of perception software and algorithms are the key enablers of its perception systems. Velodyne supports customers from offices in San Jose, Detroit, Frankfurt, and Beijing. For more information, visit http://www.velodynelidar.com.
Landis Communications for Velodyne Lidar, Inc.
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
Tommy Hilfiger Calls on Social Entrepreneurs to Take on the Tommy Hilfiger Fashion Frontier Challenge21.3.2019 11:00:00 EET | Tiedote
Tommy Hilfiger, which is owned by PVH Corp. [NYSE: PVH], is pleased to announce that year two applications for the Tommy Hilfiger Fashion Frontier Challenge are now open. The global program aims to support entrepreneurial start-up and scale-up stage businesses developing solutions that promote inclusive and positive change in fashion. After a successful first year, the company is excited to continue to work on identifying opportunities that support the advancement of the fashion industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190321005068/en/ The prestigious jury panel and TOMMY HILFIGER Challenge winners at the Final Event. (Photo: Business Wire) “The first chapter of this global initiative was an inspiring journey that put a spotlight on incredible ideas that could change the lives of people through a more positive and inclusive fashion landscape,” said Tommy Hilfiger. “Through the Tommy Hilfiger Fashion Frontier
Elliott Statement on Proposal to Uniper21.3.2019 10:00:00 EET | Tiedote
Elliott Advisors (UK) Limited (“Elliott”) has written to the Management Board of Uniper SE (the “Company” or “Uniper”), to formally request the convocation of an Extraordinary General Meeting (“EGM”) with the express purpose of instructing management to prepare a lawful domination agreement with the Company’s largest shareholder Fortum Oyj (“Fortum”). Elliott believes the thus far ill-defined and ambiguous nature of the relationship between Uniper and Fortum has created an unsatisfactory and unsustainable dynamic, which is detrimental to Uniper. In Elliott’s view, the status quo – operational underperformance and pervasive uncertainty – if sustained, will risk further undermining the Company’s fundamental value. Elliott believes a timely shareholder vote to advance a domination agreement may resolve the prolonged uncertainty at Uniper and clarify the relationship between the Company and Fortum, such that value can be created for the Company and all stakeholders. Elliott believes that F
Key UK SEP Patent Win for TQ Delta20.3.2019 22:03:00 EET | Tiedote
TQ Delta LLC, a technology development and licensing firm, secured a judgment on March 18 by the High Court of Justice of England and Wales immediately enjoining ZyXEL Communications UK Ltd and its Danish parent company, ZyXEL Communications A/S, from further infringement of TQ Delta's European Patent (UK) 1 453 268. TQ Delta's patent relates to Digital Subscriber Line ("DSL") technology. In an earlier judgment, handed down on March 12, the Court found that the patent was valid and essential to the operation of ADSL2 and VDSL2. In that judgment, the Court held that the ZyXEL defendants have infringed and continue to infringe the patent. The Court also found that a second patent would have also been essential and infringed but was invalid. In its judgment earlier this week, the Court also found that the ZyXEL defendants were "holding out" against taking a licence to TQ Delta's portfolio of patents relating to DSL. It granted an immediate injunction and costs against the ZyXEL defendants
Lehman Brothers Treasury Announces the Successful Auction of a Portion of its Intercompany Claim against Lehman Brothers Holdings Inc.20.3.2019 21:15:00 EET | Tiedote
In connection with its previously announced partial wind-down, Lehman Brothers Treasury Co. B.V. in liquidation (“LBT”), through its U.S. counsel Kramer Levin Naftalis & Frankel LLP, announced that its placement agent, Seaport Loan Products LLC, successfully concluded an auction of a US$10,475,844,413 portion of LBT’s US$34,548,000,000 intercompany claim (the “Intercompany Claim”) against Lehman Brothers Holdings Inc. for a total gross purchase price of US$179,472,166. The sale is expected to close during the first week of April 2019. The net proceeds of the sale (after deducting various sale-related costs and expenses), together with certain available cash, will be used to fund a final distribution to creditors of LBT who do not receive substitute notes as a result of LBT’s prior solicitation process. For more information on the partial wind-down, including information about the Intercompany Claim sale, the final cash distribution, and anticipated timelines, an Information Notice has
Susan Ochs Joins PSB as Global Head, Financial Services20.3.2019 20:34:00 EET | Tiedote
PSB, a global research-based consultancy, announced today that Susan Ochs has joined the firm as Senior Vice President and Global Head, Financial Services, effective immediately. Ochs is based in New York and is responsible for the global development of the financial services practice and will contribute to other industry practices as well. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190320005671/en/ Susan Ochs, SVP, Global Head, Financial Services, PSB (Photo: Business Wire) “We are proud of the amazing brands we currently partner with across the financial sector,” said Mike Chuter, CEO, PSB, to whom Ochs reports. “With Susan’s combination of private and public finance expertise we’ll be able to deliver even more meaningful insights to our current and future partners. We are delighted to welcome Susan and are excited about the deep experience she brings.” Ochs has more than two decades of experience across the financial
Corsair Infrastructure Partners Announces Long Term Investments by HarbourVest Partners20.3.2019 17:35:00 EET | Tiedote
Corsair Infrastructure Partners (“CIP”), the global infrastructure investment business of Corsair Capital (“Corsair”), today announced that HarbourVest Partners (“HarbourVest”), a leading institutional investor active across multiple asset classes and geographies, has invested in three new CIP-managed funds established to deploy capital in the aviation, port, and road sectors. Earlier this year, CIP’s new funds closed on the acquisitions of shareholdings in three platform companies – the airport developer Vantage Airport Group, the Australian stevedore DP World Australia, and the Spanish toll-road operator Itínere Infraestructuras – from various selling shareholders including Gateway Infrastructure Investments, a legacy CIP-managed vehicle. The investments from HarbourVest come from a long-term pool of institutional capital dedicated to supporting infrastructure equity sponsors like CIP, and will play an important role in the execution of CIP’s growth strategies for all three platforms
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme