San Jose, California – (work wire) –Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) today announced a multi-year agreement to supply its lidar sensors to Stanley Robotics For an automated parking solution. The innovative service uses autonomous handling robots to help parking lots improve the customer experience and increase the number of vehicles that can be stowed.
Stanley Robotics is working with Velodyne demon And the Villary M1600 LiDAR sensors to fully enable perception and navigation capabilities stan Android to work independently and securely. Sensors provide real-time 3D perception data for translation, mapping, object classification, and object tracking. Velodyne’s energy-efficient sensors support Stan’s robots in a wide range of challenging environmental conditions, including changing temperatures, lighting and precipitation.
Stanley Robotics’ automated valet parking solution equipped with Velodyne sensors is already operational in airports and turnkey vehicle logistics in Europe and Japan, with further deployments expected in 2023, including North America.
“High-performance sensors are key to enabling our autonomous mobile robots to reliably navigate and maneuver in tight parking lanes,” said Matthew Lips, COO of Stanley Robotics. “Velodyne’s lidar sensors provide performance for innovative Stanley Robotics solutions. This agreement reflects Velodyne’s ability to serve the unique nature and high-level requirements of our use cases. This partnership with Velodyne also provides Stanley Robotics with outstanding access to the best technology in the lidar field.”
“Stanley Robotics is transforming vehicle logistics with autonomous mobile robotics technology,” said Laura Risley, Senior Vice President of Global Sales, Velodyne Lidar. “Stan robots equipped with Velodyne’s lidar sensors provide the precision needed to safely move, park and deliver cars wherever and whenever customers need them. This advanced system aligns with efficiency and sustainability goals for parking operators, parks cars in dense blocks, and mitigates the need to add costly new parking areas” .
Stanley Robotics has partnered with Mitsubishi Heavy Industries, Ltd. (MHI) to offer job opportunities in Japan and Asia Pacific and collaborate on future industrial projects. The initiative combines Stanley Robotics’ advanced expertise in autonomous mobile parking robots with the industrial strength of MHI. Also, MHI has invested in Stanley Robotics technology to accelerate the delivery of value to customers.
Transforming parking lots with advanced technology
Using Stanley Robotics’ parking service, equipped with advanced autonomous technology that uses Velodyne lidar, drivers leave their cars in a designated drop-off/pick up area where the robot takes the vehicle to a secure parking area not open to the public. When customers return, the vehicle waits in the designated area, providing drivers with significantly enhanced comfort. Powered by Velodyne, Stanley Robotics’ automated valet parking service enables efficient use of limited parking space at airports, malls and more, fitting more vehicles in a single line just centimeters away. Parking can then increase the number of cars in a given area by up to 50 percent.
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) has ushered in a new era of autonomous technology with the invention of real-time peripheral vision sensors. Velodyne, the world’s leading manufacturer of lidar, is known for its broad portfolio of cutting-edge lidar technologies. Velodyne’s revolutionary software and sensor solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including robotics, industrial and smart infrastructure, autonomous vehicles and advanced driver assistance systems (ADAS). Through continuous innovation, Velodyne strives to transform lives and communities by promoting safer mobility for all.
About Stanley Robots
Stanley Robotics is a deep technology company that combines hardware and software to provide solutions for offshore logistics. The technology lies in a robot that lifts and moves cars autonomously and in intelligent storage management software. Robots have transformed internal logistics (for example, in warehouses), which has led to a massive increase in productivity. Stanley Robotics’ ambition is to bring about this transformation of offshore logistics with its own technologies. Founded in 2015, the small and medium-sized company is headquartered in Paris, France, and is also behind the world’s first outdoor robotic valet parking service. For more information visit https://stanley-robotics.com/.
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical facts and including, but not limited to, Data regarding Velodyne’s target markets, new products, development efforts, and competition. When used in this press release, the words “estimate,” “expect,” “expect,” “expect,” “expect,” “plan,” “intend,” “believe,” “seek,” “may,” will , “could,” “should,” “future,” “suggest,” and variations of these words or similar expressions (or negative versions of such words or expressions) 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, assumptions and other significant factors, many of which are outside Velodyne’s control, which could cause different actual results or results. materially from those discussed in the forward-looking statements. Important factors that may affect results or actual results include, among others, uncertainties related to government regulation and lidar adoption, and the uncertain impact of the COVID-19 pandemic on Velodyne’s business and clients; Velodyne’s ability to manage growth; Velodyne’s ability to implement its business plan; doubts regarding the ability of Velodyne’s customers to market their products and final market acceptance of such products; The rate and degree of market acceptance of Velodyne products; the success of other competing sensor-related products and services that exist or may become available; uncertainties regarding current litigation of velodyne and potential litigation involving velodyne or the validity or enforceability of velodyne intellectual property; and general economic and market conditions that affect the demand for Velodyne’s products and services. For more information about the risks and uncertainties associated with Velodyne’s business, please refer to the “Discussion of Management, Analysis of Financial Condition and Results of Operations” and “Risk Factors” in the Velodyne SEC Filings, including, but not limited to, the Annual Report. on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to Velodyne as of its date, and Velodyne does not undertake 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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