License Agreement Reaffirms Velodyne’s Pioneering Patent on Surround View Lidar
SAN JOSE, Calif.-Tuesday 21 July 2020 [ AETOS Wire ]
(BUSINESS WIRE)-- Velodyne Lidar, Inc.
today announced a long-term global licensing agreement with Hesai
Photonics Technology Co., Ltd. encompassing 360° surround-view lidar
sensors. As a result of this agreement, Velodyne and Hesai have agreed
to dismiss current legal proceedings in the U.S., Germany and China that
exist between the two companies.
“We
think this agreement will expand the adoption of lidar world-wide and
save lives,” says David Hall, Velodyne Founder and Chairman of the
Board.
The
surround-view lidar is an essential sensor for autonomous driving and
it is purchased world-wide by car makers as they pursue the autonomous
market. Since its invention by David Hall in 2005, the technology has
found many more applications in shuttles, industrial robotics and smart
cities. The relationship with Hesai is the third major licensing
agreement for Velodyne’s fundamental lidar technology.
About Velodyne Lidar
Velodyne
provides smart, powerful lidar solutions for autonomy and driver
assistance. Headquartered in San Jose, Calif., Velodyne is known
worldwide for its portfolio of breakthrough lidar sensor technologies.
Velodyne’s founder, David Hall, invented real-time surround view lidar
systems in 2005 as part of Velodyne Acoustics. Mr. Hall’s invention
revolutionized perception and autonomy for automotive, new mobility,
mapping, robotics, and security. Velodyne’s high-performance product
line includes a broad range of sensing solutions, including the
cost-effective Puck™, the versatile Ultra Puck™, the autonomy-advancing
Alpha Prime™, the ADAS-optimized Velarray™, and the groundbreaking
software for driver assistance, Vella™.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200721005301/en/
Contacts
Sean Dowdall
Landis Communications Inc. for Velodyne Lidar, Inc.
(415) 286-7121
velodyne@landispr.com
