VLDR - VLDR STOCK NEWS

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) has entered a multi-year agreement to supply lidar sensors to TOPODRONE, a Swiss company specializing in affordable aerial survey solutions. This collaboration aims to enhance high-precision mapping in various challenging environments, including farms and forests, promoting economic and sustainable development. Velodyne's lightweight and energy-efficient sensors will enable longer flight times for drones. Both companies will exhibit their innovations at INTERGEO 2021 in Hannover, Germany, from September 21 to 23.

Velodyne Lidar (Nasdaq: VLDR, VLDRW) announces that AGM Systems LLC has integrated its Alpha Prime lidar sensor into the AGM-MS5.Prime mobile scanning solution. This enhancement allows for advanced 3D data capture, enabling applications in mapping infrastructure, urban modeling, and smart city development. The AGM-MS5.Prime offers a compact design with high precision, featuring 128 lidar channels and a detection range of up to 300 meters. This collaboration showcases Velodyne's commitment to innovation in the lidar technology sector.

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) has published a white paper via SAE International emphasizing the need for enhanced testing of Advanced Driver Assistance Systems (ADAS) in nighttime conditions, where over 75% of pedestrian fatalities occur. The document highlights that existing systems, primarily utilizing camera and radar technologies, often fail to detect pedestrians in low-light situations. Velodyne's testing showed its lidar-based systems successfully avoided collisions while current models failed. Addressing these performance gaps is critical for improving pedestrian safety.

Velodyne Lidar (NASDAQ: VLDR, VLDRW) will showcase its advanced lidar technologies at the IAA Mobility event in Munich from Sept. 7-12. They will display innovative products like the Velarray H800 and Velabit™, demonstrating their leadership in autonomous applications for safer mobility and smart city infrastructure. The press event on Sept. 6 will feature insights from executives on how Velodyne's sensors enhance performance for infrastructure and mobile applications. Partners NI and Seoul Robotics will also exhibit solutions leveraging Velodyne's lidar technology.

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) announces its participation in two significant September conferences. The first is Citi's 2021 Global Technology Virtual Conference on September 15, 2021, at 10:30 am ET, followed by the Evercore ISI AUTOTECH & AI FORUM on September 22, 2021, at 2:00 pm ET. Management will also conduct individual and small group meetings on the same days. Interested parties can access live and archived audio webcasts on Velodyne's investor relations website.

Velodyne Lidar (Nasdaq: VLDR, VLDRW) and MOV.AI announced a collaboration to enhance automation solutions for robot manufacturers. This partnership integrates the MOV.AI Robotics Engine Platform with Velodyne’s Puck lidar sensors. The collaboration aims to address the needs of e-commerce, logistics, manufacturing, and healthcare sectors, driven by increased automation demand. The global AMR market is projected to reach $8.70 billion by 2028, growing at a CAGR of 23.7%. This development is expected to boost operational efficiency in dynamic environments.

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) has entered a multi-year agreement with Renu Robotics to supply Puck™ lidar sensors for its autonomous vegetation management systems. The partnership aims to enhance efficiency and sustainability for solar energy facilities by utilizing Renubot, a fully electric mower that employs AI and machine learning for precise navigation. Renu Robotics chose Velodyne for its superior product performance, contributing to reduced costs and carbon emissions while maintaining optimal facility operations.

Velodyne Lidar (NASDAQ: VLDR, VLDRW) has issued a response to David Hall's August 23, 2021 letter, asserting it as part of a deceptive campaign to distract from his ongoing arbitration over the theft of confidential information. The company emphasizes its commitment to long-term growth, production, and innovation, maintaining a strong partnership with Nikon. The Board remains focused on shareholder interests, countering Hall's false claims, including those regarding Michael Dee and Hamid Zarringhalam. A procedural hearing against Hall is scheduled for September 2, 2021.

David Hall, the largest stockholder of Velodyne Lidar (NASDAQ:VLDR), has called for significant leadership changes following the resignation of CEO Dr. Anand Gopalan. In an open letter, Hall criticized Chairman Michael Dee and director Hamid Zarringhalam, attributing an 80% decline in stock value to Dee's management. He raised concerns about potential conflicts of interest, particularly regarding a proposed technology transfer to Nikon. Hall emphasized the need for ethical directors and called for Dee and Zarringhalam's resignation to revitalize the company.