VLDR - VLDR STOCK NEWS

Knightscope, Inc. has chosen Velodyne Lidar technology for its upcoming 5th Generation Autonomous Security Robots (ASRs). This collaboration, strengthening a partnership of over seven years, will leverage Velodyne’s Puck lidar sensor for enhanced reliability and energy efficiency in various environments. Knightscope's robots have reportedly patrolled over 1 million hours across five time zones, underscoring their commitment to advancing public safety. Both companies aim to provide cutting-edge security solutions to improve community safety.

Velodyne Lidar (Nasdaq: VLDR, VLDRW) announced a multi-year agreement with AGM Systems LLC, which will utilize its Ultra Puck lidar sensor in the AGM-MS3 UAV mapping solution. This second-generation UAV lidar technology, popular in Russia, promises precise mapping for energy sector clients. AGM Systems, noted for its reliability and low power consumption, has validated the system's performance through assessments conducted at Moscow State University. The collaboration enhances Velodyne's position in the UAV market and showcases its lidar technology’s effectiveness in various applications.

Velodyne Lidar, Inc. (Nasdaq: VLDR) has filed a registration statement on Form S-1 with the SEC, aimed at enabling existing stockholders to resell shares upon the expiration of a lock-up agreement on March 29, 2021. This statement allows approximately 130 million shares of common stock and 4.5 million shares from outstanding warrants to be resold. However, two-thirds of these shares are restricted until after the announcement of Velodyne's first quarter results, expected in May 2021. Velodyne is not issuing new shares except for those from exercised warrants.

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) will participate in the BofA Securities 2021 Automotive Summit on March 31, 2021, at 2:10 p.m. ET. CEO Dr. Anand Gopalan and CFO Drew Hamer will present, with additional investor meetings scheduled for March 30 and 31. A live and archived audio webcast will be available on Velodyne’s investor relations website. As the first public pure-play lidar company, Velodyne is known for its advanced lidar technologies and solutions, enhancing industries like autonomous vehicles and smart cities.

Velodyne Lidar (Nasdaq: VLDR) highlights the life-saving potential of its Pedestrian Automated Emergency Braking (PAEB) systems, demonstrating superior performance over radar+camera technology, particularly in low-light conditions. Their tests showed a 100% success rate in avoiding crashes at night, while the alternative failed in all scenarios. Velodyne supports NHTSA's plan to enhance vehicle safety assessments with PAEB systems. The company believes its technology can significantly reduce pedestrian fatalities, especially considering that 80% of such deaths occur in darkness.

Velodyne Lidar has appointed Deborah Hersman, former chair of the National Transportation Safety Board, to its Board of Directors. Effective immediately, her extensive experience in transportation safety, including her leadership at Waymo, is expected to enhance Velodyne's mission of advancing safety. With this addition, Velodyne's Board now consists of eight directors, the majority being independent. Hersman's track record in promoting public safety and managing technical initiatives aligns with Velodyne's vision of transforming lives through innovative lidar technology.

Velodyne Lidar (Nasdaq: VLDR) has appointed James L. Barnhart as its new Chief Operating Officer. With over 30 years of experience, Barnhart previously served as Senior Vice President at Nanometrics Inc. His role at Velodyne will focus on enhancing operations, supply chain, and manufacturing processes. CEO Dr. Anand Gopalan expressed confidence in Barnhart's capability to drive the company's growth and further its leadership in the lidar market. Barnhart is set to leverage his extensive background in semiconductor technology to scale production of lidar sensors.

David Hall, holding 54.7% of Velodyne Lidar's shares, has resigned from the Board, citing concerns over the company's strategic direction and governance. He disputes claims made by the Board regarding his resignation and criticizes the management’s decisions, including the approval of a compensation package for CEO Anand Gopalan amidst disappointing Q4 earnings. Hall expresses concerns over the Board prioritizing self-interest over shareholder value and plans to solicit votes for his director nominee at the upcoming annual meeting.

Velodyne Lidar (Nasdaq: VLDR) has appointed Sinclair Vass as Chief Commercial Officer, succeeding Mike Jellen, who has been promoted to Chief Strategy Officer. Vass previously held a senior role at Focuslight Technologies and will focus on global sales and customer relations. Jellen will advance growth through mergers and acquisitions. CEO Dr. Anand Gopalan expressed confidence in the strengthened leadership to meet increasing demand for Velodyne's lidar solutions, aimed at transforming industries like autonomous vehicles and smart cities.