Velodyne and RoboSense issued a joint statement

14 October 2020

Velodyne the Lidar point cloud, Inc. and RoboSense (Suteng Innovation Technology Co., Ltd. ) is pleased to announce that the two companies have Reached a long-term global cross-licensing partnership involving a wide range of 360° surround view laser radar sensors. This reciprocal relationship covers the existing and future patents of the two companies. Velodyne and RoboSense also agreed to withdraw all legal actions currently filed between the two companies in China and the United States. Both Velodyne and RoboSense are looking forward to the laser radar market, which will bring highly diversified products to real-time 3D sensing applications to benefit autonomous vehicles and other application communities.

About Velodyne Lidar

Velodyne Lidar  created a new era of autonomous driving technology through the invention of the real-time surround view laser radar sensor. Velodyne is the first pure-play lidar company to go public and is well-known worldwide for its broad portfolio of ground-breaking laser radar technologies. Velodyne's revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of all walks of life, including autonomous vehicles, advanced driver assistance systems (ADAS), robots, unmanned aerial vehicles (UAV), smart cities And safety. Through continuous innovation, Velodyne is committed to changing lives and communities by promoting safe transportation for all. For more information, please visit www.velodynelidar.com .

Forward-looking statements

This press release contains "forward-looking statements" as defined in the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to all statements other than historical facts, and also including but not limited to Velodyne Statements about the target market, new products, development work, competition, etc. "Estimate", "Expect", "Expect", "Expect", "Forecast", "Plan", "Intention", "Think", "Seek", "Probable", "Will" used in this press release Words such as "should", "future", "proposal", as well as these word variants or similar expressions (or the negative forms of such words or expressions) are intended to be used to identify forward-looking statements. Such forward-looking statements do not guarantee future performance, status or results, and involve a large number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are not under Velodyne's control and may lead to actual results and forward-looking The results discussed in the statement are completely opposite. Important factors that may affect actual results include Velodyne’s growth management capabilities; Velodyne’s ability to execute business plans; uncertainties related to Velodyne’s customers’ product commercialization capabilities and the ultimate market acceptance of these products; and the impact of COVID-19 on Velodyne The uncertain impact of the business of its customers; the uncertainty related to Velodyne’s estimate of the market size of its products; the market acceptance rate and acceptance level of Velodyne’s products; other existing or potential market-related laser radars and sensors The success of competitive products and services; Velodyne's ability to identify and integrate mergers and acquisitions; current litigation with Velodyne and potential litigation related to Velodyne or uncertainties related to the validity or enforceability of Velodyne intellectual property rights; and influence on Velodyne products and services The overall economic and market conditions of the demand. Unless otherwise required by law, Velodyne has no obligation to update or amend any forward-looking statements, whether due to the emergence of new information or future events or any other reason.

Disclaimer: The original version of this announcement is the officially authorized version. The translation is only for the convenience of understanding. Please refer to the original text. The original text is the only legally valid version.

Contacts
Investor Relations
Andrew Hamer
Chief Financial Officer
[email protected]

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

 

Source: businesswire.com