Joint statement by Velodyne and Robosense

10 October 2020

Velodyne Lidar  and Robosense offer a wide range of 360 ° surround view rider sensors. We are pleased to announce that we have entered into a long-term, global cross-licensing relationship. This mutually beneficial relationship covers both existing and future patents of both companies. Velodyne and Robosense have also agreed to withdraw all proceedings proceeding between the two companies in the United States and China. Velodyne and Robosense look forward to the rider market, which offers a wide variety of products for real-time 3D sensing applications. Real-time 3D sensing benefits the community of applications such as autonomous vehicles.

About Velodyne Lidar

Velodyne Lidar invented the real-time surround view rider sensor, bringing a new era of autonomous technology. Velodyne is the first publicly traded company dedicated to riders, and our extensive portfolio of groundbreaking rider technologies is well-established worldwide. Velodyne's revolutionary sensor and software solutions offer flexibility, quality and performance to meet the needs of a wide range of industries. This includes autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAVs), smart cities, and security. By constantly pursuing innovation, Velodyne is committed to promoting secure mobility for all and transforming lives and communities. For more information , please visit www.velodynelidar.com .

Forward-looking statement

This press release contains "forward-looking statements" as defined in the "Safe Harbor" clause of the Private Securities Litigation Reform Act of 1995. This includes, but is not limited to, all statements except past facts, including but not limited to Velodyne's target markets, new products, development efforts and competition. In this press release, "estimate," "predict," "expect," "anticipate," "predict," "plan," "intention," "think," "seek," and " Words such as "may", "will", "should", "future", "suggest" and their variants, similar expressions (or negative forms of such words or expressions) are forward-looking. It is used to identify that the description is about. These forward-looking statements do not guarantee future performance, circumstances or outcomes and include many known and unknown risks, uncertainties, assumptions and other important factors, many of which are Velodyne. Is beyond the control of, and actual results or outcomes may differ materially from those shown in the forward-looking statements. Key factors that can influence actual results or outcomes are Verodyne's ability to control growth, Verodyne's ability to execute business plans, Verodyne's customers' ability to commercialize products and the final market for those products. Uncertainty about acceptance in, the uncertain impact of the COVID-19 Pandemic on the business of Verodain and its customers, the uncertainty of Verodain's estimation of the market size of our products, the rate at which Verodyne products are accepted in the market and To some extent, the success of other rider and sensor related competing products and services that may exist or become available, Verodyne's ability to identify and integrate acquisitions, Verodyne's current litigation and potential involvement of Verodyne. There are certain lawsuits, or uncertainties regarding the validity and enforcement of Verodyne's intellectual property rights, and general economic and market conditions that affect the demand for Verodine's products and services. I will. Velodyne undertakes no obligation to update or revise any forward-looking statement, regardless of new information, future events, or other reasons, except as required by law.

The official version of this press release is the original language version. The translated language version is provided for the convenience of the reader and has no legal effect. When using the translated language version as a material, please compare it with the original language version, which is the only version that has legal effect.

Contacts
Relations Investor
Andrew Hamer
Chief Financial Officer
InvestorRelationsattovelodyne.Com

Media
Landis Communications Inc.
Sean Dowdall
(415) 286-7121
[email protected]

 

Source: businesswire.com