Velodyne Lidar Partners with NVIDIA Metropolis for Smart Infrastructure Solutions
SAN JOSE, Calif .– (COMMERCIAL THREAD) – Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced that it has joined the NVIDIA Metropolis program for Velodyne’s intelligent infrastructure solution for traffic monitoring and analysis. NVIDIA Metropolis is designed to develop and bring to market a new generation of applications and solutions that make the world’s largest spaces and operations safer and more efficient through advancements in AI vision.
The smart infrastructure solution combines Velodyne’s award-winning lidar sensors and powerful AI software to monitor traffic networks and public spaces. The solution addresses the urgent need for smart city systems that can help improve road safety and prevent traffic accidents. Government data showed that 2020 was the deadliest year for traffic crashes in the United States for more than a decade, with a 7.2% increase in the number of road fatalities compared to the previous year.
Velodyne’s solution leverages the powerful capabilities of the NVIDIA Jetson AGX Xavier module integrated into its Edge AI computer system to run the solution’s proprietary 3D perception software, which can detect all road users including vehicles, pedestrians and cyclists in real time. The NVIDIA Jetson AGX Xavier delivers the unmatched computing power of a GPU workstation in a compact, energy-efficient package. It powers the Intelligent Infrastructure Solution AI application to run up to 50 frames per second and process lidar images in real time to detect, classify and extract the trajectory of traffic.
Part of NVIDIA Metropolis, Velodyne enjoys increased exposure to industry experts, AI-driven organizations, governments, and integration partners looking to leverage world-class solutions based on the AI to improve operational efficiency and critical safety issues. Velodyne also has early access to NVIDIA platform updates and can tap into NVIDIA’s diverse partner ecosystem to support the development of lidar-based solutions.
New deployment in Austin
Velodyne’s Intelligent Infrastructure Solution Pilot Project is expected to be deployed in Austin, Texas. The city will use the solution to assess traffic conditions and identify proactive safety measures that can be taken to help save lives.
The project uses lidar-based traffic monitoring as a reliable, non-intrusive multimodal replacement for inductive loop detectors, cameras and radars. Velodyne’s intelligent infrastructure solution creates a real-time 3D map of roads and intersections to generate traffic data in a wide variety of lighting and weather conditions, and provide categorized surveillance data on pedestrians, cyclists, cars and trucks.
In Austin, the first installation will be at East 7e Springdale Street and Road. This intersection has been identified as needing improvement due to accident history, risk of death, prevalence of speeding and congestion.
“Lidar-based solutions have tremendous potential to protect personally identifiable information while continuing to help us achieve our Vision Zero goal of eliminating fatalities and serious injuries on Austin roads,” said Jason JonMichael, deputy director of the Austin Department of Transportation. “Velodyne Lidar’s smart infrastructure solution could enable us to more efficiently collect and analyze the mobility needed to improve the efficiency and safety of roads. ”
“It’s great to work with the City of Austin on innovation initiatives that will definitely transform roads into smarter, safer infrastructure for the community,” said Jon Barad, vice president of business development, Velodyne Lidar. “Partnering with NVIDIA Metropolis allows us to help Austin and other communities meet road safety challenges and improve traffic efficiency and sustainability. ”
Velodyne’s solution enables intelligent infrastructure
Velodyne’s intelligent infrastructure solution creates a real-time 3D map of roads and intersections, providing precise traffic monitoring and analysis that is not possible with other types of sensors like cameras or radars. It reliably collects data in all lighting or weather conditions, supporting year-round operation, while protecting people’s privacy. The solution advances safety through multimodal analyzes that detect various road users, including vehicles, pedestrians and cyclists. It can predict, diagnose and resolve road safety issues, helping municipalities and other customers make informed decisions to take corrective action. After purchasing a configuration package that includes software and sensors, customers will pay Velodyne a system access fee for recurring monitoring and analysis. For more information on the smart infrastructure solution, contact Velodyne Sales: 669.275.2526, email@example.com.
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time panoramic view lidar sensors. Velodyne, the global leader in lidar, is known 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 (UAVs), 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.
This press release contains “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 includes, but is not limited to, statements regarding target markets, new products, development efforts and competition. When used in this press release, the words “estimates”, “anticipate”, “expect”, “anticipate”, “anticipate”, “plan”, “intend”, “believe” “,” Research “,” may “,” will “,” may “,” should “,” future “,” propose “and variations of these similar words or phrases (or negative versions of such words or phrases) 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, including many are beyond Velodyne’s control, which could cause actual results or results to differ materially from those discussed in the forward-looking statements. Significant factors, among others, that may affect actual results include regulatory uncertainties. government statement and adoption of lidar, the uncertain impact of the COVID-19 pandemic on the business of Velodyne and its customers; Velodyne’s ability to manage growth; Velodyne’s ability to execute its business plan; uncertainties related to the ability of Velodyne’s customers to market their products and the ultimate market acceptance of those products; the rate and degree of market acceptance of Velodyne’s products; the success of other competing products and services related to lidar and sensors that exist or may become available; uncertainties relating 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 affecting demand for Velodyne’s products and services. For more information on the risks and uncertainties associated with Velodyne’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s filings with the SEC , including, but not limited to, its annual report. on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements contained in this press release are based on information available to Velodyne as of the date hereof, Velodyne assumes 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.