Velodyne Lidar's Smart Infrastructure Solution Wins a Smart 50 Award

Velodyne's solution recognized for its ability to enable transformative smart city projects

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced that its Intelligent Infrastructure Solution, powered by Bluecity, has won a 2021 Smart 50 Award, based on its quality of innovation among applications for smart cities. Awarded by Smart Cities Connect, the awards are subject to a highly competitive review process, and reward the 50 most transformative smart city projects in the world.

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The Velodyne Lidar Intelligent Infrastructure Solution, powered by Bluecity, was named a winner of the 2021 Smart 50 Award, recognizing the solution's innovation in smart city applications. The awards, presented by Smart Cities Connect, have a highly competitive review process and honor the 50 most transformative smart cities projects in the world. (Photo: Velodyne Lidar)

Velodyne's Intelligent Infrastructure Solution helps governments solve some of the most complex and widespread infrastructure challenges. This solution combines Velodyne's award-winning lidar sensors with Bluecity's powerful artificial intelligence (AI) software to monitor road networks and public spaces. It generates real-time data analytics and predictions to improve traffic and crowd flow efficiency, promote sustainability and protect vulnerable road users.

The Intelligent Infrastructure Solution is deployed in several cities in North America, including Quebec and British Columbia, and will soon be deployed in New Jersey. In order to be eligible for a Smart 50 Award, solutions must achieve results at the municipal scale, or equivalent scale.

Velodyne's Intelligent Infrastructure Solution creates a 3D map of roads and intersections in real time, and provides precise traffic analysis and control not possible with other types of sensors, such as cameras or radars. It reliably collects data under all lighting and weather conditions, enabling 365 days a year, 24/7 operation, while maintaining individual privacy. The solution improves safety through multimodal analyzes that detect different road users, including vehicles, pedestrians and cyclists. It can predict, diagnose and resolve road safety issues, helping municipalities and other clients make informed decisions for corrective action.

“The Smart 50 Award recognizes Velodyne's Smart Infrastructure Solution as one of the top 50 global examples of smart city technology in action,” said Jon Barad, Vice President of Business Development at Velodyne Lidar. “This award demonstrates how this innovative lidar-based approach can transform roads and transportation infrastructure within smart cities, creating sustainable and safer communities. »

The Smart 50 Awards Gala will take place in Washington, DC next October, and will be co-hosted with the Smart Cities Connect Conference.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with its invention of real-time surround-view lidar sensors. Velodyne, a world leader in lidar, is renowned for its broad portfolio of breakthrough lidar technologies. Velodyne's breakthrough sensor and software solutions deliver flexibility, quality and performance to meet the demands of a wide range of industries, including autonomous vehicles, driver assistance systems (Advanced Driver Assistance Systems, ADAS ), robotics, Unmanned Aerial Vehicles (UAVs), smart cities and security. Through a dynamic of continuous innovation, Velodyne seeks to transform the lives of people and communities, promoting safer mobility for all. To learn more, 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, any statements other than those relating to historical facts, including including, and without limitation, any statements about Velodyne's target markets, new products, development efforts and competitors. When used in this news release, words such as "estimate", "project", "expect", "anticipate", "plan", "plan", "intend to ", "believe", "seek to", "can", "future", "propose", the use of the future and the conditional, as well as variations of these words or similar expressions (or negative versions of these words or phrases) 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 and assumptions, as well as other important factors, many of which are independent. within the control of Velodyne, and could cause actual results to differ materially from those discussed in the forward-looking statements. Important factors that could cause actual results to vary include, but are not limited to: uncertainties regarding government regulation and lidar adoption, the uncertain impact of the COVID-19 pandemic on Velodyne's business and that of its customers ; Velodyne's ability to manage growth; Velodyne's ability to execute its business plan; uncertainties relating to the ability of Velodyne's customers to commercialize their products and the eventual market acceptance of such 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 already exist or may become available; uncertainties relating to Velodyne's current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne's intellectual property; and general economic and business conditions affecting 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.

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contacts

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