Velodyne Lidar signs multi-year sales contract with Motional to supply Alpha Prime sensors to its autonomous vehicles

21 December 2020

Velodyne Lidar, Inc. announced a multi-year contract for the sale of Alpha Prime ™ sensors with Motional , the global leader in autonomous driving technology. Velodyne will be the exclusive supplier of sensors dealing with surrounding long-range vision for Motional SAE level 4 autonomous vehicles.

The Alpha Prime sensor leads the market for its combination of range, resolution and field of view that, together, meet the high performance requirements presented by autonomous vehicles. The sensor was developed to increase the safety of autonomous driving and offers high resolution with robust reflectivity returns, which simplifies the detection and monitoring of vehicles, pedestrians and other obstructions in traffic lanes. Alpha Prime can help autonomous vehicles navigate safely at various speeds, which can travel on public roads subjected to different conditions, such as rain, sleet and snow.

Motional has been at the forefront of innovation in autonomy for decades and has introduced autonomous driving technologies for hundreds of thousands of people. It is creating the best performing and safest autonomous vehicles and systems in the world that will fundamentally improve mobility around the world.

“When working with Motional, we put ourselves at the forefront of making autonomous vehicles a safe and everyday reality,” said Anand Gopalan, CEO of Velodyne Lidar. "Velodyne and Motional share a mission to put safety first, and we are proud to know that our Alpha Prime sensors will be used by Motional vehicles when safely navigating real traffic routes."

Velodyne's Alpha Prime is a next generation deal sensor that uses Velodyne's patented 360-degree surrounding vision perception technology to enable autonomous mobility. The result of more than 10 years of development and learning to handle, Alpha Prime enables autonomous operation in a wide variety of traffic lane configurations, including urban and road environments.

About Velodyne Lidar

Velodyne Lidar ushered in a new era of autonomous technology with the invention of sensors dealing with surrounding vision in real time. Velodyne is the first publicly traded company dedicated exclusively to dealing technology and is known worldwide for its broad portfolio of advanced dealing technologies. Velodyne's revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of the most diverse sectors, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, non-aircraft vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne is dedicated to transforming lives and communities by promoting safer mobility for all.www.velodynelidar.com .

Forward-looking statements

This press release contains "forward-looking statements" as defined by the "safe haven" provisions of the United States' Private Securities Litigation Reform Act of 1995. Such statements cover, among others, all those that do not refer to historical facts and include, for example, statements about the target markets, new products, development efforts and competition from Velodyne. When used in this press release, the terms "estimate", "project", "wait", "anticipate", "predict", "plan", "intend", "believe", "seek", "can", " vai "," is capable "," must "," future "," proposal "and variations of these similar terms or expressions (or negative versions of the same terms and expressions) seek 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, assumptions and other important factors, many of which are outside the scope of Velodyne's control and which may cause actual results to differ substantially from those addressed by the forward-looking statements. Important factors that can affect actual results are, among others, Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties related to the ability of Velodyne customers to market their products and the final acceptance of these products by the market; the uncertain impact of the Covid-19 pandemic on the businesses of Velodyne and its customers; uncertainties related to Velodyne's market size estimates for its products; the rate and degree of acceptance of Velodyne products by the market; the success of competing products and services related to dealing technology and other sensors that already exist or will exist; 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 that affect demand for Velodyne products and services. Velodyne assumes no obligation to update or revise any forward-looking statements in light of new information, future events or for any other reason, except to the extent required by law. the rate and degree of acceptance of Velodyne products by the market; the success of competing products and services related to dealing technology and other sensors that already exist or will exist; 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 that affect demand for Velodyne products and services. Velodyne assumes no obligation to update or revise any forward-looking statements in light of new information, future events or for any other reason, except to the extent required by law. the rate and degree of acceptance of Velodyne products by the market; the success of competing products and services related to dealing technology and other sensors that already exist or will exist; Velodyne's ability to identify and integrate acquisitions; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne, or the validity or applicability of Velodyne's intellectual property; and general economic and market conditions that affect demand for Velodyne products and services. Velodyne assumes no obligation to update or revise any forward-looking statements in light of new information, future events or for any other reason, except to the extent required by law. the success of competing products and services related to dealing technology and other sensors that already exist or will exist; Velodyne's ability to identify and integrate acquisitions; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne, or the validity or applicability of Velodyne's intellectual property; and general economic and market conditions that affect demand for Velodyne products and services. Velodyne assumes no obligation to update or revise any forward-looking statements in light of new information, future events or for any other reason, except to the extent required by law. the success of competing products and services related to dealing technology and other sensors that already exist or will exist; Velodyne's ability to identify and integrate acquisitions; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne, or the validity or applicability of Velodyne's intellectual property; and general economic and market conditions that affect demand for Velodyne products and services. Velodyne assumes no obligation to update or revise any forward-looking statements in light of new information, future events or for any other reason, except to the extent required by law. 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 that affect demand for Velodyne products and services. Velodyne assumes no obligation to update or revise any forward-looking statements in light of new information, future events or for any other reason, except to the extent required by law. 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 that affect demand for Velodyne products and services. Velodyne assumes no obligation to update or revise any forward-looking statements in light of new information, future events or for any other reason, except to the extent required by law.

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Source: businesswire.com