Velodyne Lidar Signs New Multi-Year Agreement with Visimind

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) immediately introduced a brand new multi-year settlement with Swedish firm Visimind Group to supply prospects within the EMEIA area with built-in options, together with mapping and vegetation administration, powered by Velodyne’s lidar know-how. This settlement additional strengthens the long-standing partnership between Visimind and Velodyne Lidar, together with a 3-year provide settlement for Puck and Ultra Puck lidar sensors. Shipping has already begun.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20221018005471/en/

Visimind’s E Cutter, a pruning machine that gives the operator environment friendly, exact, real-time management underneath energy traces, utilizing Velodyne Lidar’s Ultra Puck sensor. Photo credit score: Visimind Group

Visimind is an professional and main supplier in airborne mapping of energy traces and moveable options for main European power distribution. Visimind gives a line of merchandise that allow higher management of infringements, correct vegetation upkeep and full mapping of energy traces. Visimind’s options, powered by high-precision inertial measurement items (IMUs) from OxTS and sensors from Velodyne, together with Puck, Ultra Puck and Alpha Prime, contribute to elevated public security by securing exact info to power distribution firms.

Velodyne Lidar sensors chosen for top efficiency

Visimind’s choice of Velodyne was pushed by the excessive efficiency, ease of integration and decrease energy utilization of their sensors, enabling lengthy operation time and portability. “We have been in the mapping business for more than 20 years, with our first lidar integration in 2007,” stated Daniel Öhman, CTO of Visimind. “After testing many sensors available on the market, we were most impressed with Velodyne’s performance and outstanding quality, especially in challenging weather conditions and environments. In addition to technical requirements, we chose Velodyne due to their strong reputation and customer support. As the inventor of 3D lidar, we are proud to be working with an innovative leader whose technology has helped us develop and sell our solutions over the years.”

“Visimind is transforming airborne mapping for the energy industry with its lidar-powered solutions,” stated Laura Wrisley, Senior Vice President, Worldwide Sales, Velodyne Lidar. “Equipped with Velodyne’s lidar sensors and IMUs by OxTS, Visimind’s products provide energy distributors the precision needed to manage their power lines and vegetation, which increases overall public safety as well as sustainability and efficiency for those companies.”

Multiple Visimind options use Velodyne Lidar

Visimind is efficiently utilizing Velodyne’s lidar know-how in a number of sorts of functions, for instance of their merchandise PLCT, E Cutter and mDAM. PLCT is a device for real-time management of vegetation infringement. In a current buyer integration in France, PLCT is getting used within the subject to detect locations the place vegetation is in harmful proximity to energy traces. Lidar information from the Puck mixed with Visimind’s software program permits this monitoring in real-time. Utilizing the Ultra Puck, E Cutter is a pruning machine that gives the operator environment friendly, exact, real-time management underneath energy traces. The mDAM mapping system makes use of each Ultra Puck and Alpha Prime sensors mounted on a drone, automotive, helicopter or comparable automobile to create detailed floor maps of accessible and fewer accessible terrain. Visimind’s integrative options in mapping for the power trade are enabling elevated public security in that sector.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a brand new period of autonomous know-how with the invention of real-time encompass view lidar sensors. Velodyne, a worldwide chief in lidar, is thought for its broad portfolio of breakthrough lidar applied sciences. Velodyne’s revolutionary sensor and software program options present flexibility, high quality and efficiency to satisfy the wants of a variety of industries, together with robotics, industrial, clever infrastructure, autonomous autos and superior driver help methods (ADAS). Through steady innovation, Velodyne strives to rework lives and communities by advancing safer mobility for all.

Forward Looking Statements

This press launch comprises “forward looking statements” throughout the which means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 together with, with out limitation, all statements apart from historic reality and embrace, with out limitation, statements relating to Velodyne’s goal markets, new merchandise, growth efforts, and competitors. When used on this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “can,” “should,” “future,” “propose” and variations of those phrases or comparable expressions (or the destructive variations of such phrases or expressions) are meant to establish forward-looking statements. These forward-looking statements are usually not ensures of future efficiency, circumstances or outcomes and contain plenty of recognized and unknown dangers, uncertainties, assumptions and different essential elements, lots of that are exterior Velodyne’s management, that would trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. Important elements, amongst others, which will have an effect on precise outcomes or outcomes embrace uncertainties relating to authorities regulation and adoption of lidar, the unsure impression of the COVID-19 pandemic on Velodyne’s and its prospects’ companies; Velodyne’s capability to handle progress; Velodyne’s capability to execute its business plan; uncertainties associated to the flexibility of Velodyne’s prospects to commercialize their merchandise and the last word market acceptance of those merchandise; the speed and diploma of market acceptance of Velodyne’s merchandise; the success of different competing lidar and sensor-related services that exist or might turn into out there; uncertainties associated to Velodyne’s present litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s mental property; and common financial and market circumstances impacting demand for Velodyne’s services. For extra details about dangers and uncertainties related with Velodyne’s business, please check with the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, together with, however not restricted to, its annual report on Form 10-Okay and quarterly experiences on Form 10-Q. All forward-looking statements on this press launch are primarily based on info out there to Velodyne as of the date hereof, Velodyne undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by regulation.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20221018005471/en/