Velodyne Lidar Presents Perception Technological innovation for ROBORACE Autonomous Racing Sequence

SAN JOSE, Calif.–(Organization WIRE)–Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) these days declared ROBORACE, the world’s first autonomous motor vehicle racing sequence, has picked Velodyne as the formal lidar sensor provider in its upcoming generation cars. ROBORACE will use Velodyne‘s sound-condition Velarray H800 sensors in its electric-powered autonomous race autos for the Period A person championship sequence, which is established to start in 2022.

The Velodyne and ROBORACE engineering groups have been performing collaboratively on the race car enhancement challenge. The Velarray H800 was the apparent preference of the ROBORACE engineering and layout crew owing to Velodyne’s technical prowess, sensor functionality and reliability, and have faith in across the industry.

“At ROBORACE, we are usually looking for the ideal engineering to construct into our race vehicles and Velodyne has just one of the ideal products offered on the marketplace,” claimed Chip Pankow, Chief Championship Officer, ROBORACE. “The Velarray will support our cars and trucks attain safe navigation and collision avoidance in competitive autonomous racing.”

ROBORACE was made to speed up progress of autonomous driving systems by pushing the technologies to its limits in a array of risk-free, controlled environments. ROBORACE offers the system, group and guidance although racing teams are dependable for their individual code and system. Time One particular of the ROBORACE Championship will attribute multi-agent racing and Metaverse factors with every competition built to present a selection of challenges. There are business and college racing groups in the opposition.

“ROBORACE is a proving ground for the future generation of mobility by placing self-driving systems to the test in performance racing,” mentioned Sinclair Vass, Chief Commercial Officer, Velodyne Lidar. “With its extended-vary notion and broad industry of look at, the Velarray H800 is a good in good shape for ROBORACE’s autonomous race cars. We glance forward to continuing to collaborate with ROBORACE in advancing innovation in the activity of racing.”

Velodyne‘s Velarray H800 is a sound-condition lidar sensor architected for automotive-grade general performance. The sensor is designed utilizing Velodyne’s breakthrough proprietary micro-lidar array (MLA) architecture. The Velarray H800 makes it possible for for outstanding detection of peripheral, in the vicinity of-area and overhead objects though addressing corner conditions on sloping and curving roadways. It is created for harmless navigation and collision avoidance in superior driver help methods (ADAS) and autonomous mobility purposes.

About ROBORACE

ROBORACE is the world’s initial motorsport level of competition of entire-size AI-racing robots in a combined actuality the place coding groups from different nations all go for the earn. In 2019, the Season Alpha series held 6 gatherings that drove more than 36 million multi-channel video clip views. ROBORACE also set the Guinness Entire world File for acquiring the speediest autonomous motor vehicle in the planet. The Robocar reached a speed of 282.42 km/h (175.49 mph). In September 2020, ROBORACE commenced its Season Beta series with 6 competing groups getting location at numerous places, featuring 12 races.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new period of autonomous know-how with the creation of real-time encompass perspective lidar sensors. Velodyne, the worldwide leader in lidar, is recognised for its wide portfolio of breakthrough lidar technologies. Velodyne’s groundbreaking sensor and software package remedies give adaptability, high-quality and effectiveness to meet up with the requirements of a huge array of industries, together with autonomous motor vehicles, advanced driver aid systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart metropolitan areas and safety. Via continuous innovation, Velodyne strives to remodel life and communities by advancing safer mobility for all. For much more details, visit www.velodynelidar.com.

Ahead Wanting Statements

This press release includes “ahead searching statements” in just the meaning of the “safe and sound harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995 which include, without limitation, all statements other than historic simple fact and include, without limitation, statements concerning Velodyne’s goal marketplaces, new items, progress endeavours, and competition. When utilized in this press launch, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “ideas,” “intends,” “thinks,” “seeks,” “might,” “will,” “can,” “ought to,” “future,” “suggest” and variants of these text or identical expressions (or the unfavorable versions of this kind of words or expressions) are intended to recognize forward-hunting statements. These forward-looking statements are not guarantees of foreseeable future overall performance, situations or results and contain a range of regarded and unidentified hazards, uncertainties, assumptions and other significant elements, numerous of which are outside the house Velodyne’s handle, that could cause real results or outcomes to vary materially from all those reviewed in the forward-hunting statements. Critical components, amongst other individuals, that may well affect true outcomes or results involve uncertainties concerning govt regulation and adoption of lidar, the uncertain influence of the COVID-19 pandemic on Velodyne’s and its customers’ enterprises Velodyne’s capability to take care of growth Velodyne’s capacity to execute its organization program uncertainties relevant to the skill of Velodyne’s buyers to commercialize their merchandise and the best industry acceptance of these merchandise the level and diploma of industry acceptance of Velodyne’s items the achievement of other competing lidar and sensor-linked products and expert services that exist or may perhaps become out there uncertainties related to Velodyne’s existing litigation and probable litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual assets and normal financial and market place conditions impacting demand from customers for Velodyne’s items and expert services. For additional information about risks and uncertainties related with Velodyne’s company, be sure to refer to the “Management’s Discussion and Assessment of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, such as, but not restricted to, its once-a-year report on Type 10-K and quarterly stories on Sort 10-Q. All forward-wanting statements in this press launch are dependent on facts offered to Velodyne as of the day hereof, Velodyne undertakes no obligation to update or revise any ahead-searching statements, no matter if as a consequence of new facts, potential gatherings or or else, besides as expected by legislation.

Candice Cearley

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