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Velodyne Lidar Partners with NVIDIA Metropolis for Intelligent Infrastructure Solutions

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Metropolis of Austin, Texas, Selects Velodyne’s Answer for Site visitors Security Pilot Mission

SAN JOSE, Calif. — Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) immediately introduced it has joined the NVIDIA Metropolis program for Velodyne’s Intelligent Infrastructure Solution for site visitors monitoring and analytics. NVIDIA Metropolis is designed to nurture and convey to market a brand new technology of functions and options that make the world’s most necessary areas and operations safer and extra environment friendly with developments in AI imaginative and prescient.

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The Clever Infrastructure Answer combines Velodyne’s award-winning lidar sensors and highly effective AI software program to observe site visitors networks and public areas. The answer addresses the urgent want for good metropolis techniques that may assist enhance highway security and forestall site visitors accidents. Authorities information confirmed 2020 was the deadliest yr for U.S. site visitors crashes in over a decade, with a 7.2 percent increase in traffic fatalities over the earlier yr.

Velodyne’s answer leverages the highly effective capabilities of the embedded NVIDIA Jetson AGX Xavier module in its edge AI computing system to run the answer’s proprietary 3D notion software program, which may detect all highway customers together with automobiles, pedestrians and cyclists in actual time. The NVIDIA Jetson AGX Xavier gives unparalleled computing energy of a GPU workstation in a compact, energy-efficient module. It powers the Clever Infrastructure Answer AI software to run as much as 50 frames per second and course of lidar frames in actual time to detect, classify and extract site visitors trajectory.

Being part of NVIDIA Metropolis, Velodyne positive factors elevated publicity to business consultants, AI-driven organizations, governments and integration companions seeking to leverage world-class AI-enabled options to enhance important operational effectivity and security issues. Velodyne additionally has early entry to NVIDIA platform updates and might faucet into NVIDIA’s various companion ecosystem to assist lidar-based answer improvement.

New Deployment in Austin

Velodyne’s Clever Infrastructure Answer pilot challenge is about to deploy in Austin, Texas. The town will use the answer to evaluate site visitors situations and determine proactive security measures that may be taken to assist save lives.

The challenge is utilizing lidar-based site visitors monitoring as a dependable, non-intrusive multi-modal alternative for inductive-loop detectors, cameras, and radars. Velodyne’s Clever Infrastructure Answer creates a real-time 3D map of roads and intersections to generate site visitors information in all kinds of lighting and climate situations, and supply categorized monitoring information on pedestrians, cyclists, automobiles, and vans.

In Austin, the primary set up can be at East 7th Avenue & Springdale Street. This intersection has been recognized as needing enchancment because of the accident historical past, fatality threat, dashing prevalence and congestion.

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“Lidar-based options maintain large potential to guard private identifiable data whereas persevering with to assist us to realize our Imaginative and prescient Zero aim to eradicate site visitors deaths and severe accidents on Austin streets,” mentioned Jason JonMichael, Assistant Director, Austin Transportation Division. “Velodyne Lidar’s Clever Infrastructure Answer might allow us to extra effectively accumulate and analyze the mobility that’s wanted to enhance roadway effectivity and security.”

“It’s nice to be working with the town of Austin on innovation initiatives that may definitely rework roadways into smarter, safer infrastructure for the neighborhood,” mentioned Jon Barad, Vice President of Enterprise Growth, Velodyne Lidar. “Partnering with NVIDIA Metropolis permits us to assist Austin and different communities deal with highway security challenges and enhance site visitors effectivity and sustainability.”

Velodyne’s Answer Allows Good Infrastructure

Velodyne’s Clever Infrastructure Answer creates a real-time 3D map of roads and intersections, offering exact site visitors monitoring and analytics that’s not potential with different kinds of sensors like cameras or radar. It reliably collects information in any lighting or climate situation, supporting year-round operation, whereas additionally defending folks’s privateness. The answer advances security by multimodal analytics that detect varied highway customers together with automobiles, pedestrians, and cyclists. It may well predict, diagnose, and deal with highway security challenges, serving to municipalities and different clients make knowledgeable choices to take corrective motion. After buying a set-up bundle that features the software program and sensors, clients pays Velodyne a system entry charge for the recurring monitoring and analytics. For extra data on the Clever Infrastructure Answer, contact Velodyne Gross sales: 669.275.2526, sales@velodyne.com.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a brand new period of autonomous know-how with the invention of real-time encompass view lidar sensors. Velodyne, the worldwide chief in lidar, is understood for its broad portfolio of breakthrough lidar applied sciences. Velodyne’s revolutionary sensor and software program options present flexibility, high quality, and efficiency to satisfy the wants of a variety of industries, together with autonomous automobiles, superior driver help techniques (ADAS), robotics, unmanned aerial automobiles (UAV), good cities and safety. Via steady innovation, Velodyne strives to remodel lives and communities by advancing safer mobility for all. For extra data, go to www.velodynelidar.com.

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Ahead Trying Statements

This press launch comprises “ahead wanting statements” inside the which means of the “protected harbor” provisions of america Non-public Securities Litigation Reform Act of 1995 together with, with out limitation, all statements apart from historic reality and embrace, with out limitation, statements concerning Velodyne’s goal markets, new merchandise, improvement efforts, and competitors. When used on this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “might,” “will,” “can,” “ought to,” “future,” “suggest” and variations of those phrases or related expressions (or the damaging variations of such phrases or expressions) are meant to determine forward-looking statements. These forward-looking statements will not be ensures of future efficiency, situations or outcomes and contain plenty of identified and unknown dangers, uncertainties, assumptions and different necessary components, a lot of that are exterior Velodyne’s management, that might trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. Necessary components, amongst others, which will have an effect on precise outcomes or outcomes embrace uncertainties concerning authorities regulation and adoption of lidar, the unsure affect of the COVID-19 pandemic on Velodyne’s and its clients’ companies; Velodyne’s potential to handle development; Velodyne’s potential to execute its marketing strategy; uncertainties associated to the flexibility of Velodyne’s clients to commercialize their merchandise and the final word market acceptance of those merchandise; the speed and diploma of market acceptance of Velodyne’s merchandise; the success of different competing lidar and sensor-related services and products that exist or might turn out to be accessible; uncertainties associated to Velodyne’s present litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s mental property; and normal financial and market situations impacting demand for Velodyne’s services and products. For extra details about dangers and uncertainties related to Velodyne’s enterprise, please check with the “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” and “Threat Elements” sections of Velodyne’s SEC filings, together with, however not restricted to, its annual report on Kind 10-Ok and quarterly studies on Kind 10-Q. All forward-looking statements on this press launch are based mostly on data accessible to Velodyne as of the date hereof, Velodyne undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by legislation.

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Velodyne Investor Relations
InvestorRelations@velodyne.com

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Liv Allen
velodyne@codeword.com

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