Velodyne Lidar Signs Multi-Year Sales Agreement with Motional to Provide Alpha Prime Sensors for Its Driverless Vehicles
Summary
SAN JOSE, Calif.--(BUSINESS WIRE)--Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced a multi-year sales agreement for Alpha Prime™ sensors with Motional, a global driverless technology leader. The sensor was developed to improve safety in autonomy and offers high resolution along with robust reflectivity returns, simplifying detection and tracking of vehicles, pedestrians and other road obstructions. The Alpha Prime can help autonomous vehicles safely navigate roadways at various speeds, traveling in a range of road conditions such as rain, sleet and snow. “By working with Motional, we’re on the cutting edge of making driverless vehicles a safe everyday reality,” said Anand Gopalan, CEO, Velodyne Lidar. A result of over ten years of lidar development and learning, the Alpha Prime supports autonomous operation across a broad range of road settings, including urban and highway environments.