Press release

Velodyne Wins Patent Challenge

0
Sponsored by Businesswire

Velodyne
has won a patent challenge brought by competitor Quanergy. In making its
ruling the US Patent Trial and Appeals Board on May 23, 2019 upheld the
patentability of all claims in Velodyne’s pioneering ‘558 patent. The
‘558 patent relates to a lidar based 3D point cloud measuring system
used for Autonomous Vehicles, ADAS, Robotic vision, and other diverse
applications.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190528005173/en/

Velodyne Lidar’s Alpha Puck, Ultra Puck, and Puck. (Photo: Business Wire)

Velodyne Lidar’s Alpha Puck, Ultra Puck, and Puck. (Photo: Business Wire)

“Velodyne Lidar Inc. is the inventor of the surround view lidar and we
were confident that our patent would be upheld,” said Marta Hall,
President, Velodyne Lidar, Inc. “The ruling was not a surprise because
real-time surround view lidar was invented by our Founder, David Hall,
and the company holds a number of foundational patents relative to this
technology. We are an invention-based company and will always be
inventing and innovating technologies, so we take protecting our
hard-earned intellectual property seriously. In response to the ruling,
we’ll be evaluating our enforcement options moving forward.”

Velodyne is the highest volume supplier of lidar sensors to the
automotive industry with more than 250 customers globally. Lidar sensors
are a central component of autonomous vehicles (AVs) and advanced driver
assistance systems (ADAS). Initially introduced as a solution for AVs,
the lidar market is rapidly growing for Advanced Driver Assistance
Systems which could reduce forward-facing driving accidents, biking, and
pedestrian fatalities. The 3D vision of lidar is increasingly recognized
as an important sensor to detect roadway danger and promote public
safety.

The technology provides 3D vision, providing “eyes” for robotics and
machines, for uses beyond automotive applications. Velodyne’s sensors
are currently sold and used in a wide range of new technologies and
rapidly growing industries, including unmanned aerial vehicles, delivery
services, mapping, industrial robotics, industrial safety, security,
precision agriculture, gaming, and marine uses.

About Velodyne Lidar

Velodyne provides smart and highly powerful lidar solutions for autonomy
and driver assistance. Founded in 1983 and headquartered in San Jose,
Calif., Velodyne is known worldwide for its portfolio of breakthrough
lidar sensor technologies. In 2005, Velodyne’s Founder and CEO, David
Hall, invented real-time surround view lidar systems, revolutionizing
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™, Alpha Puck™, which is optimized for L4-L5
autonomy, the ADAS-optimized Velarray™, and the groundbreaking software
for driver assistance, Vella™.