Velodyne Lidar Wins GeoBuiz Summit Award for Innovation in Mapping Technology
Velodyne’s Intelligent Infrastructure Solution Creates 3D Maps of Roads and Intersections to Advance Safety in Communities Globally
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Intelligent Infrastructure Solution, combining Velodyne’s award-winning lidar sensors and Bluecity’s AI software, creates a real-time 3D map of roads and intersections. It provides precise traffic monitoring and analytics that are not possible with other types of sensors like cameras, radar or inductive loops.
The full stack solution is deployed across three continents, including systems rolled out in
Intelligent Infrastructure Solution enables cities and states to take a proactive approach on safety by offering real-time multimodal analytics of not only vehicles, but also vulnerable road users. It is helping communities understand root causes of near-miss collisions, red light running and different types of roadway user behavior.
By improving traffic flow and reducing congestion, Intelligent Infrastructure Solution can improve energy efficiency and reduces greenhouse gas emissions for a more sustainable future. Earlier this year, the solution won the 2022 SXSW Innovation Awards from the South by
“Velodyne’s Intelligent Infrastructure Solution was the standout system in our Mapping Technology category,” said
“Our solution supports cities throughout the world as they work to implement street improvements, policy changes and educational efforts that will protect vulnerable road users,” said
GeoBuiz Summit is a one-of-a-kind geospatial business leaders conference that is held by
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
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