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Velodyne Lidar (NASDAQ: VLDR, VLDRW) announced a multi-year agreement with Visimind Group to deliver integrated solutions for mapping and vegetation management in the EMEIA region. The collaboration underscores the long-term partnership between the two companies, enhancing Visimind's offerings with Velodyne’s advanced lidars, such as Puck and Ultra Puck sensors. The agreement aims to improve public safety and operational efficiency for energy distributors by utilizing high-precision technology for better management of power lines and vegetation.
Velodyne Lidar (Nasdaq: VLDR, VLDRW) has entered a multi-year agreement with Yamaha Motor to supply lidar sensors for the eve auto autonomous goods transport service. This partnership aims to enhance factory logistics by improving efficiency and safety. The lidar sensors will support the launch of eve auto in October 2022, enabling autonomous navigation in factory environments. With a towing capacity of 1500 kg and a versatile setup, eve auto offers a complete solution for indoor and outdoor goods transport.
Velodyne Lidar (Nasdaq: VLDR, VLDRW) has acquired Bluecity, an AI software company based in Montreal, enhancing its lidar solutions for intelligent infrastructure. This acquisition aims to integrate Bluecity's AI capabilities with Velodyne's lidar sensors to improve safety, traffic management, and urban planning. The transaction is all-stock and expected to have an immaterial impact on operating expenses. Velodyne's Intelligent Infrastructure Solution (IIS) currently sees deployment across four continents, with 74 installations, indicating a robust expansion strategy.
Velodyne Lidar (NASDAQ: VLDR, VLDRW) has entered a multi-year agreement to supply lidar sensors to Stanley Robotics for its automated valet parking solution. This system enhances customer service and increases parking capacity by utilizing autonomous robots equipped with Velodyne’s technology. Currently operational in Europe and Japan, further deployments are anticipated in North America in 2023. The partnership highlights Velodyne's advanced lidar capabilities, with sensors providing real-time 3D data crucial for safe navigation and parking in confined spaces.
Infinitum has appointed Rick Tewell as President, bringing nearly four decades of experience in scaling production within the automotive and electronics sectors. Previously, he served as COO at both AEye (NASDAQ: LIDR) and Velodyne (NASDAQ: VLDR), playing significant roles in their manufacturing strategies. Infinitum's air-core motor design replaces traditional heavy iron with lightweight PCBs, enhancing power density and reducing carbon footprints. The company aims to revolutionize the motor industry with sustainable solutions as Tewell joins during a phase of anticipated hypergrowth.
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) announced its participation in the 3rd Annual Needham Virtual Semiconductor and SemiCap 1x1 Conference on August 25, 2022. Management will engage in 1x1 meetings from 9:30 a.m. to 2:10 p.m. ET (6:30 a.m. to 11:10 a.m. PT). Investors interested in attending can reach out to Velodyne Investor Relations at InvestorRelations@velodyne.com. Velodyne is recognized as a leader in lidar technologies, advancing safety and mobility across various sectors, including autonomous vehicles and smart cities.
Velodyne Lidar reported second-quarter 2022 revenue of $11.5 million, marking an increase from $6.2 million in Q1 2022, driven by strong demand across various sectors including industrial and robotics and autonomous vehicles. Despite supply chain challenges, billings rose to $12.5 million.
However, the company faced a GAAP gross loss of $7.1 million and a net loss of $44.3 million, although losses reduced from prior quarters. Looking ahead, Velodyne anticipates Q3 2022 revenue between $8 million and $11 million amid ongoing supply constraints.
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) has appointed
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) will release its second quarter 2022 financial results on August 8, 2022, after market close. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET on the same day to discuss the results. Interested parties can join by dialing 844-890-1797 or 412-317-5487. An archived webcast will be available on Velodyne's Investor Relations page. The company is a leading provider of lidar technology, impacting various sectors including autonomous vehicles and robotics.
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