CA-VELODYNE-LIDAR,-INC.

Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced the Velarray M1600, an innovative solid state lidar sensor designed to serve mobile robotic applications. The sensor is the latest in a new line of Velarray products and first in the new M-series. It is built using Velodyne’s breakthrough proprietary micro-lidar array architecture (MLA) and leverages Velodyne’s manufacturing partnerships for cost optimization and high-volume production.

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The Velarray M1600 enables touchless mobile and last-mile delivery robots to operate autonomously and safely, without human intervention. The COVID-19 pandemic has driven up the usage of online shopping and delivery services for food, medications, consumer and commercial products. According to CNBC , the U.S. Thanksgiving, Black Friday and Cyber Monday holiday shopping period broke all records for online shopping and the usage of delivery services, in part due to the COVID-19 pandemic. Adobe Analytics predicts $184 billion will be spent online the entire holiday period, a 30 percent increase over 2019.

“The Velarray M1600 lidar sensor is the latest proof point for Velodyne’s innovation track record,” said Anand Gopalan, Velodyne Lidar CEO. “The sensor was designed for high volume mobile robotic applications with direct input from robotics and last-mile delivery customers. This durable and compact sensor can be deployed in a wide variety of environments and weather conditions allowing nearly 365-day, 24/7 usage. It can provide the smart, real-time perception data required by autonomous mobile robots for safe and extended operation without human intervention.”

The Velarray M1600 provides autonomous robots with outstanding near-field perception up to 30 meters and a broad 32-degree vertical field of view, allowing them to traverse unstructured and changing environments. The sensor enables robots to safely navigate crowded urban areas and corridors for delivery and security applications. Other environments in which the Velarray M1600 will enable autonomous mobile robot operation include warehouses, retail centers, industrial plants and medical facilities. For customers seeking a perception solution package, Velodyne provides Vella software, which utilizes Velarray M1600 data for object and hazard detection, to protect roadway users including pedestrians, bicyclists and pets.

Designed for functional safety and durability, the Velarray M1600 supports autonomous mobile robots in a wide variety of challenging environmental conditions, including temperature, lighting and precipitation. Featuring a compact form factor, the sensor is well-suited for external mounting but also can be easily embedded into robotics systems. For more about lidar-enhanced robots, download Velodyne’s white paper: The Benefits of 3D Lidar for Autonomous Mobile Robots .

With the available Robot Operating System driver, the Velarray M1600 provides a user-friendly interface for developers. The sensor has modest power demands so the robot can operate longer between battery charges. Samples will be available to qualified customers with a lead time of approximately 6-8 weeks.

About Velodyne Lidar

Velodyne Lidar (NASDAQ: VLDR) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the first public pure-play lidar company and is known worldwide for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com .

Forward Looking Statements

Statements in this release may contain “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, competition. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “can”, “future,” “propose” and variations of these words or similar expressions (or the 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 important factors, many of which are outside Velodyne’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include Velodyne’s ability to manage growth; Velodyne’s ability to execute its business plan; uncertainties related to the ability of Velodyne’s customers to commercialize their products and the ultimate market acceptance of these products; the uncertain impact of the COVID-19 pandemic on Velodyne’s and its customers’ businesses; uncertainties related to Velodyne’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Velodyne’s products; the success of other competing lidar and sensor-related products and services that exist or may become available; uncertainties related to Velodyne’s current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual property; and general economic and market conditions impacting demand for Velodyne’s products and services. Velodyne undertakes no obligation 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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