Velodyne Lidar Announces Multi-Year Sales Agreement With Local Motors
Velodyne’s Sensors Power Olli – Local Motors’ Autonomous Mobility Solution
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Local Motors includes multiple Velodyne Puck™ sensors in Olli, which provides mobility services across neighborhoods, campuses and urban city centers. The sales agreement also positions Local Motors to incorporate additional Velodyne sensors, including the Velarray H800, into Olli designs so the company can continue to optimize the perception system of the autonomous vehicle.
The 360-degree surround view Puck sensor can eliminate blind spots as Olli navigates in varied driving conditions. The sensor’s proven durability on roadways and range of sensing to support safer navigation were also important decision drivers for Local Motors.
The Puck’s sleek, compact form factor made it easy for Local Motors to aesthetically integrate the sensor into the elegantly designed Olli, including behind the vehicle’s AGC Wideye™ automotive-grade glass. A highly automated, mass production manufacturing operation enables Velodyne to deliver cost-effective Puck sensors to the Local Motors microfactory.
Olli is deployed at universities, business parks and local communities throughout
Deployments of Olli 2.0, Local Motors’ latest iteration, include the
“We selected Velodyne’s sensors after a rigorous evaluation process where they clearly stood out as the right strategic partner to address our long-term lidar needs,” said
“With Olli, Local Motors is empowering communities to redefine local transportation and create opportunities for people with mobility challenges,” said
Velodyne Puck sensors provide rich computer perception data that make it quick and easy for autonomous solutions to build highly accurate 3D maps for navigation. The Puck delivers a high-resolution surround view image which can accurately measure and analyze an environment. The Puck’s reliability, power-efficiency and versatility make it an ideal solution for demanding mobility and other applications.
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, 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 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 uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; uncertainties related to Velodyne's estimates of the size of the markets for its 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; Velodyne's ability to identify and integrate acquisitions; 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. 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.
Chief Financial Officer