Business Wire

Velodyne Lidar Wins GeoBuiz Summit Award for Innovation in Mapping Technology

Share

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced its Intelligent Infrastructure Solution won the GeoBuiz Summit Award. Velodyne’s smart city solution was recognized for excellence in innovation in the Mapping Technology category.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220603005111/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Velodyne Lidar announced its Intelligent Infrastructure Solution won the GeoBuiz Summit Award. Velodyne’s smart city solution was recognized for excellence in innovation in the Mapping Technology category. (Photo: Velodyne Lidar)

Intelligent Infrastructure Solution, combining Velodyne’s award-winning lidar sensors and Bluecity’s AI software, creates a real-time 3D map of roads and intersections. It provides precise traffic monitoring and analytics that are not possible with other types of sensors like cameras, radar or inductive loops.

The full stack solution is deployed across three continents, including systems rolled out in Texas, Florida, Nevada, California, New Jersey, Missouri and Canada.

Intelligent Infrastructure Solution enables cities and states to take a proactive approach on safety by offering real-time multimodal analytics of not only vehicles, but also vulnerable road users. It is helping communities understand root causes of near-miss collisions, red light running and different types of roadway user behavior.

By improving traffic flow and reducing congestion, Intelligent Infrastructure Solution can improve energy efficiency and reduces greenhouse gas emissions for a more sustainable future. Earlier this year, the solution won the 2022 SXSW Innovation Awards from the South by Southwest Conference and Festivals.

“Velodyne’s Intelligent Infrastructure Solution was the standout system in our Mapping Technology category,” said Anusuya Datta, Editor – Americas, Geospatial World. “The solution is transforming infrastructure, enabling governments to build a data-driven plan to create a safer, more sustainable traffic network.”

“Our solution supports cities throughout the world as they work to implement street improvements, policy changes and educational efforts that will protect vulnerable road users,” said Sally Frykman, Chief Marketing Officer, Velodyne Lidar. “Intelligent Infrastructure Solution advances Velodyne’s mission of creating smart technologies for a world in motion and their vision of science in service of safety.”

GeoBuiz Summit is a one-of-a-kind geospatial business leaders conference that is held by Geospatial World, a premier media outlet that advances geospatial knowledge in the world economy and society. Geospatial World recently featured Velodyne Lidar CEO Dr. Ted Tewksbury in an article about how Velodyne’s lidar sensors and software are playing an important role in applications including in geospatial and mapping, as well as last mile delivery, industrial and robotics, manufacturing and infrastructure.

For more information on the Intelligent Infrastructure Solution, contact Velodyne Sales: 669.275.2526, sales@velodyne.com, and watch the IIS overview video.

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, the 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.

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 uncertainties regarding government regulation and adoption of lidar, the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; 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 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; 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. 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.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Velodyne Investor Relations
InvestorRelations@velodyne.com

Media
Codeword
Liv Allen
velodyne@codewordagency.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

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

B2Core Reveals Its Latest Updates: What’s New?29.5.2023 17:00:00 EEST | Press release

B2Core, the premier CRM solution trusted by brokers and exchanges around the globe, continues to push the boundaries of innovation with its most recent significant update. This update introduces several advanced features and streamlined operations, giving financial institutions more powerful capabilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230529005019/en/ Telegram Integration (Graphic: Business Wire) Let's have a look at the most notable features. 1. Advanced Event Notification Module A brand-new Event Notification module has been added to the B2Core Back Office, providing admin users with a vast array of customizable event notifications. With the available 27 choices, administrators may send out alerts for various situations, from withdrawal requests to successful registrations. Notifications are sent out to admin users on time whenever an event occurs, allowing them to respond appropriately. Additionally, the

BLUETTI to Showcase New Power Solutions at The Smarter E Europe Exhibition29.5.2023 13:08:00 EEST | Press release

BLUETTI, a leading provider of energy storage solutions, announced its participation in The Smarter E Europe exhibition from June 14th to June 16th in Munich, Germany. It will display its innovative power stations, including the newly launched mobile power AC180 and AC60&B80, and the upcoming household power system, EP760. The Smarter E Europe, the largest energy exhibition in Europe, offers an ideal platform for BLUETTI to show its latest products and innovations in the renewable energy sector. BLUETTI will be at stand C3.240 in the ees Europe section, alongside the exhibition's other three sections, Power2Drive Europe, EM-Power Europe and the famous Intersolar Europe. BLUETTI's presence at the show underscores its commitment to providing sustainable energy solutions to global audiences that chimes perfectly with the goal of the trade fair: Creating a new energy world. Visitors to the BLUETTI booth can expect to see its broad product portfolio, as well as exciting new additions. Among

GIGABYTE’s AI Servers with Superchips Shine at COMPUTEX, Redefining a New Era of Computing29.5.2023 12:02:00 EEST | Press release

GIGABYTE is exhibiting cutting-edge technologies and solutions at COMPUTEX 2023, presenting the theme “Future of COMPUTING”. From May 30th to June 2nd, GIGABYTE is showcasing over 110 products that are driving future industry transformation, demonstrating the emerging trends of AI technology and sustainability, on the 1st floor, Taipei Nangang Exhibition Center, Hall 1. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230525005657/en/ (Photo: Business Wire) Win Big with AI through GIGABYTE’s Pioneering GPU/HPC Servers GIGABYTE and its subsidiary, Giga Computing, are introducing unparalleled AI/HPC server lineups, leading the era of exascale supercomputing. One of the stars is the industry’s first NVIDIA-certified HGX H100 8-GPU SXM5 server, G593-SD0. Equipped with the 4th Gen Intel Xeon Scalable Processors and GIGABYTE’s industry-leading thermal design, G593-SD0 can perform extremely intensive workloads from generative AI and

UAE’s Falcon 40B Dominates Leaderboard: Ranks #1 Globally in Latest Hugging Face Independent Verification of Open-source AI Models29.5.2023 11:52:00 EEST | Press release

Falcon 40B, the UAE’s first large-scale open-source, 40-billion-parameter AI model launched by Abu Dhabi’s Technology Innovation Institute (TII) last week, soared to the top spot on Hugging Face’s latest Open Large Language Model (LLM) Leaderboard. Hugging Face, an American company seeking to democratize artificial intelligence through open-source and open science, is considered the world’s definitive independent verifier of AI models. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230529005045/en/ Falcon 40B ranks 1st globally in Hugging Face Open LLM Leaderboard. (Graphic: AETOSWire) Falcon 40B managed to beat back established models such as LLaMA from Meta (including its 65B model), StableLM from Stability AI, and RedPajama from Together to achieve the coveted ranking. The index utilizes four key benchmarks from the Eleuther AI Language Model Evaluation Harness, a consolidated framework that assesses generative language m

The Inca Arrives to USA, a Strong Outlook for Peru Tourism Recovery27.5.2023 18:00:00 EEST | Press release

The Inca emperor walks the streets of New York City while his retinue dances tirelessly along the way, garnering the attention of the passers-by who stopped to stare and take video of the captivating scene. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230526005330/en/ Peruvian actors from Cusco promoting the Inti Raymi 2023 in New York City, as tourism in Peru is once more on the rise. (Photo: PROMPERÚ). This performance was displayed by 30 actors from Cusco, Peru, as a promotional strategy to get Peru back in the news and in front of potential visitors in a positive way. The upcoming Inti Raymi (Festival of the Sun), a thousand-year-old ritual worshiping the Sun God and asking him to make the days longer, was promoted in the Big Apple in order to put the most notable celebration of Cusco’s calendar in the international spotlight. Inti Raymi honors the Sun each June 24th and celebrates the winter solstice of the Southern H

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom