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Velodyne Lidar, Inc. (Nasdaq: VLDR) collaborates with the University of Nevada, Reno to publish a white paper highlighting the effectiveness of lidar sensors in enhancing transportation infrastructure. This research focuses on improving traffic analytics and pedestrian safety while reducing accidents. The Intelligent Transportation System (ITS) market is projected to grow from $17.9 billion in 2020 to $36.5 billion by 2025, driven by rising concerns about safety and traffic congestion. Velodyne's lidar technology aims to revolutionize urban mobility and safety.
Velodyne Lidar (NASDAQ: VLDR, VLDRW) announces its participation in a CES 2021 Virtual Meeting hosted by Baird on January 14, 2021, where CEO Dr. Anand Gopalan and CFO Drew Hamer will engage in a fireside chat at 12:00 p.m. EST. The event will feature a live and archived audio webcast available on Velodyne's investor relations website. As the first public pure-play lidar company, Velodyne is recognized for its innovative sensor and software solutions, which serve a variety of industries including autonomous vehicles, robotics, and smart cities.
Velodyne Lidar (NASDAQ: VLDR, VLDRW) reported preliminary Q4 2020 revenue estimates of $15.5M to $16M, down from earlier guidance of $101M for the year, with total revenue expected around $94M. The company shipped over 4,100 sensors in Q4, achieving record shipments for the year with 11,500 units. Notably, Velodyne announced several key partnerships and product launches, while its manufacturing capabilities were impacted by COVID-19. Despite disruptions, the company anticipates fulfilling delayed orders in Q1 2021 and has a robust pipeline of 183 projects. Velodyne withdrew 2021 financial guidance due to market uncertainties.
Velodyne Lidar (NASDAQ: VLDR, VLDRW) announces participation in two key conferences on January 12, 2021. CEO Dr. Anand Gopalan and CFO Drew Hamer will present at the Goldman Sachs Technology and Internet Conference at 10:30 a.m. EST and the 19th Annual J.P. Morgan Tech/Auto Forum at 6:30 p.m. EST. A live and archived audio webcast will be available on Velodyne’s investor relations website. Known for its pioneering lidar technology, Velodyne serves various industries, aiming to enhance safety and mobility worldwide.
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) announced its participation in the 23rd Annual Needham Virtual Growth Conference on January 11, 2021. The company's CEO, Dr. Anand Gopalan, and CFO, Drew Hamer, will hold a fireside chat at 4:15 p.m. EST. A live and archived audio webcast will be available on Velodyne's investor relations website. Velodyne is recognized for its innovative lidar sensors, supporting industries such as autonomous vehicles and smart cities, emphasizing safety and mobility innovations.
Velodyne Lidar (Nasdaq: VLDR) has joined the Qualcomm Smart Cities Accelerator Program, enhancing its collaboration with Qualcomm and solution providers to leverage lidar technology in smart city applications. This partnership aims to improve public services and safety, utilizing Velodyne's advanced lidar sensors for accurate 3D data collection across various urban settings while preserving citizen privacy. The companies plan to deploy a lidar sensor at Qualcomm's Smart Campus to track movement and understand space utilization.
Velodyne Lidar (Nasdaq: VLDR) has secured a multi-year sales agreement with Motional for its Alpha Prime™ sensors, which will be used exclusively in Motional's Level 4 driverless vehicles. The Alpha Prime sensors are designed for high performance, offering superior range, resolution, and field of view tailored for autonomous vehicle safety. This partnership aims to enhance the safety and performance of driverless technology. CEO Anand Gopalan emphasized the shared commitment to safety and innovation between Velodyne and Motional.
Velodyne Lidar (Nasdaq: VLDR) has secured a sales agreement with May Mobility for its Alpha Prime™ sensors, which will be utilized in May Mobility's expanding fleet of autonomous shuttles. The Alpha Prime sensor leverages Velodyne's patented technology for 360-degree surround view perception, enabling safe navigation in various conditions. May Mobility has completed over 265,000 safe rides since 2018 and plans to expand operations to locations in Texas and Japan in 2021. This partnership emphasizes the growing demand for advanced lidar technology in the autonomous vehicle sector.
Velodyne Lidar (NASDAQ: VLDR) launched the Velarray M1600, a new solid state lidar sensor aimed at mobile robotic applications. This innovative sensor utilizes Velodyne's proprietary micro-lidar array architecture and aims to optimize production costs. The Velarray M1600 enables autonomous operations for delivery robots, supporting safe navigation in various environments. It provides near-field perception up to 30 meters and a 32-degree vertical field of view. The sensor, designed for durability and safety, will be available to qualified customers in approximately 6-8 weeks.
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