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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.
Velodyne Lidar will present at NVIDIA's GPU Technology Conference 2021 on April 10, focusing on using lidar simulation to enhance safety and reliability in advanced driver assistance systems (ADAS) and autonomous vehicles (AV). The session, titled "Lidar-Centric Machine Learning – A Simulator Driven Approach to Model Training, Testing and Validation," will discuss the advantages of lidar simulation for generating realistic datasets, improving model training, and validating solutions in various driving scenarios. Velodyne emphasizes the role of simulation in accelerating development and testing processes.
Knightscope has selected Velodyne Lidar's technology for its 5th Generation Autonomous Security Robots, marking a continuation of their 7-year partnership. Velodyne's Puck lidar sensor offers reliability and a full 360-degree view, enhancing Knightscope's autonomous security solutions. Knightscope's robots have patrolled over 1 million hours nationwide, contributing to public safety. Both CEOs expressed commitment to advancing autonomous security technologies for safer communities.
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 (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, 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.
