January 16, 2021

Velodyne

SAN JOSE, Calif.–(BUSINESS WIRE)–
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), the global leader in lidar technology, announces participation in the Barclays 2020 Global Automotive Conference on Thursday, November 19, 2020. Velodyne’s Chief Executive Officer, Dr. Anand Gopalan, and Chief Financial Officer, Drew Hamer, will present at 3:25 p.m. EST. A live and archived audio webcast of the presentation will be accessible on Velodyne’s investor relations website at investors.velodynelidar.com.

About Velodyne Lidar, Inc.

Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the first public pure-play lidar company and is known worldwide 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 autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit velodynelidar.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005715/en/

Media Contact:
Sean Dowdall
[email protected]

Investor Contact:
Andrew Hamer
Chief Financial Officer
[email protected]

Source: Velodyne Lidar, Inc.

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FILE PHOTO: A Velodyne LiDAR sensor is seen on an autonomous vehicle at the BlackBerry QNX headquarters in Ottawa, Ontario, Canada, February 15, 2019. REUTERS/Chris Wattie/File Photo

(Reuters) – Velodyne Lidar Inc said on Friday it would introduce a new lidar unit, a key sensor in self-driving cars, with a target price point of less than $500 and no moving parts.

Velodyne became a public company in September and is one of several companies vying to supply automakers with lidar, a sensor that generates a three-dimensional map of the road ahead. Velodyne was an early entrant into the market, and its units have powered research operations for many automakers.

Some of those early research units were bulky, contained many moving parts and cost well above $10,000. For mass production in passenger vehicles, automakers and their major suppliers seek units that are sleek enough to fit into attractive car designs and cost well below $1,000.

The autonomous vehicle technology company said the Velarray H800 will have a target price of less than $500. In an interview with Reuters, Velodyne Chief Executive Anand Gopalan said the company is working with contract manufacturing partner Fabrinet to assemble test devices and that mass production will happen at a Fabrinet factory in Thailand.

Velodyne expects automotive-grade mass manufacturing to be under way by the second half of 2021 and that the devices could show up in vehicles in 2022 or 2023, Gopalan told Reuters.

“We have clear line of sight into being able to hit those costs today,” he said of the sub-$500 price point.

The company said the unit will have no moving parts – known as “solid state” in the industry – and will be small enough to fit behind the windshield of a car. It said the sensor can be used for self-driving vehicles or existing driver-assistance features such as emergency braking and lane-keeping assistance.

Velodyne is among a trio of lidar technology developers coming to public markets. Silicon Valley firm Aeva Inc aims to go public by merging with blank-check acquisition company InterPrivate Acquisition Corp, and Luminar Technologies Inc is working through a similar transaction with Gores Metropoulos Inc.

Reporting by Stephen Nellis in San Francisco, Editing by Sherry Jacob-Phillips and Paul Simao

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By Stephen Nellis

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Nov 13 (Reuters) – Velodyne Lidar Inc said on Friday it would introduce a new lidar unit, a key sensor in self-driving cars, with a target price point of less than $500 and no moving parts.

Velodyne became a public company in September and is one of the several companies vying to supply automakers with lidar, a sensor that generates a three-dimensional map of the road ahead. Velodyne was an early entrant into the market and its units have powered research operations for many automakers.

Some of those early research units were bulky, contained many moving parts and cost well above $10,000. For mass production in passenger vehicles, automakers and their major suppliers seek units that are sleek enough to fit into attractive car designs and cost well below $1,000.

An increasing number of devices, such as Apple’s new iPad Pro and iPhone 12 Pro models, include lidar sensors that help with applications such as augmented reality, in which digital content is overlaid on the real world.

Velodyne on Friday floated the concept of Velarray H800, which could be “available at high-volume production levels with a target price of less than $500”, but did not say when the units would go on sale.

The autonomous vehicle technology company said the unit will have no moving parts – known as “solid state” in the industry – and will be small enough to fit behind the windshield of a car. The company said the sensor can be used for self-driving vehicles or existing driver-assistance features such as emergency braking and lane-keeping assistance.

Velodyne is among a trio of lidar technology developers coming to public markets. Silicon Valley firm Aeva Inc aims to go public by merging with blank-check acquisition company InterPrivate Acquisition Corp, and Luminar Technologies Inc is working through a similar transaction with Gores Metropoulos Inc. (Reporting by Stephen Nellis in San Francisco, Editing by Sherry Jacob-Phillips)

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