Velodyne Lidar Announces Dr. Anurag Gupta as Executive Vice President of Engineering

Rhea-AI Summary

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) has appointed Dr. Anurag Gupta as Executive Vice President of Engineering, effective immediately. Dr. Gupta, formerly the Senior Vice President of Engineering at Sense Photonics, will lead Velodyne's engineering team in developing high-performance lidar hardware and software solutions aimed at enhancing safety, efficiency, and sustainability across various industries including automotive and robotics. Dr. Gupta brings extensive experience and a proven track record in innovative technology, holding over 80 patents.

Positive

• Appointment of Dr. Anurag Gupta as EVP of Engineering, bringing extensive experience and a proven track record.
• Focus on high-performance lidar solutions to drive mass adoption in various industries.
• Potential for accelerated product development and innovation under new leadership.

Negative

• None.

Dr. Gupta Leads Velodyne’s World-Class Engineering Team in Advancing Robust Portfolio of Lidar Hardware and Software Solutions

SAN JOSE, Calif.--(BUSINESS WIRE)-- Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced it has appointed Dr. Anurag Gupta as its Executive Vice President of Engineering. He is responsible for leading Velodyne’s engineering team in delivering high-value hardware and software solutions that help customers solve system-level problems and enable their success in achieving a safer, more efficient, more sustainable future. Dr. Gupta was previously at Sense Photonics, where he was the Senior Vice President of Engineering, leading product development and launch of 3D flash lidar products.

Dr. Anurag Gupta was announced as Executive Vice President of Engineering at Velodyne Lidar, Inc. He is responsible for leading Velodyne’s engineering team in delivering high-value hardware and software solutions that help customers solve system-level problems and enable their success in achieving a safer, more efficient, more sustainable future. (Photo: Velodyne Lidar)

Velodyne’s lidar sensors and software are shaping innovative autonomous solutions in a wide variety of industries, including industrial, robotics, intelligent infrastructure, and automotive. Dr. Gupta will lead Velodyne’s engineering team to develop high-performance lidar solutions at a price point to drive mass adoption. He reports to Velodyne’s CEO, Dr. Ted Tewksbury.

“Anurag is the ideal engineering executive to sharpen Velodyne’s focus on disruptive technology innovation and our roadmap of high-performance, cost-effective lidar solutions. He is an optical expert with a prolific track record of developing and introducing commercially successful products encompassing hardware and software. Anurag’s proven engineering leadership will help Velodyne accelerate the introduction of high-quality lidar solutions ready for volume manufacturing,” said Dr. Tewksbury.

“Velodyne invented lidar as we know it in commercial applications, which was the catalyst for an entirely new industry. I am looking forward to working with our team of incredibly talented people in further strengthening our hardware and software solutions that transform a broad range of markets and improve people's lives,” said Dr. Gupta.

About Anurag Gupta

Dr. Anurag Gupta is a senior executive with a proven track record of delivering complex technologies and products and holds more than 80 patents in several industries. Most recently, he was the Senior Vice President of Engineering at Sense Photonics, acquired by Ouster. Before that, Dr. Gupta was Vice President of Engineering at View, Inc., a developer of intelligent windows, where he led the development and introduction of AI-powered Internet of Things (IoT) products. Previously, at Google, he delivered the first version of Google Glass and as the Head of Nest Sensors, he developed the sensors and optical technology for some of Nest’s most commercially successful products. Earlier in his career, he held various optical and systems engineering positions at Google, HP, and Tamarack Scientific. Dr. Gupta has a Ph.D. in Optical Engineering from the University of Arizona.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, the global leader in lidar, is known 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 www.velodynelidar.com.

Forward Looking Statements

This press release contains "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, and competition. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," “can,” "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include uncertainties regarding government regulation and adoption of lidar, the uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties related to the ability of Velodyne's customers to commercialize their products and the ultimate market acceptance of these products; the rate and degree of market acceptance of Velodyne's products; the success of other competing lidar and sensor-related products and services that exist or may become available; uncertainties related to Velodyne's current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and market conditions impacting demand for Velodyne's products and services. For more information about risks and uncertainties associated with Velodyne’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005128/en/

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Source: Velodyne Lidar, Inc.

FAQ

Who is the new EVP of Engineering at Velodyne Lidar?

Dr. Anurag Gupta is appointed as the new Executive Vice President of Engineering at Velodyne Lidar.

What is Dr. Anurag Gupta's previous experience?

Dr. Gupta was previously the Senior Vice President of Engineering at Sense Photonics and has worked in leadership roles at Google and other tech companies.

How will Dr. Gupta impact Velodyne Lidar's product development?

He will lead the engineering team to enhance the development of high-performance lidar solutions for various applications.

What are the stock symbols for Velodyne Lidar?

The stock symbols for Velodyne Lidar are VLDR and VLDRW.