Velodyne Lidar Signs Multi-Year Sales Agreement with Emesent
Wednesday, January 27, 2021 3:45PM IST (10:15AM GMT)
Equipped with Velodyne Sensors, Emesent Autonomous Scanning System Makes Data Capture Fast and Simple for Forestry, Infrastructure, Mapping and Film Industries
San Jose, Calif., United States:
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a multi-year sales agreement to provide Puck LITE™ sensors to Emesent, a world-leader in drone autonomy, lidar mapping and data analytics. Emesent is using Velodyne’s lidar sensors to power its award-winning Hovermap mobile scanning system for mapping hazardous and GPS-denied environments.
Emesent’s Hovermap, equipped with a Velodyne Puck LITE™ sensor, has a colorization feature for its 3D point clouds that brings additional context for visualization and analysis. (Photo: Emesent)
Shares of
Velodyne Lidar (NASDAQ:VLDR), a specialist in the manufacture of light detection and ranging (lidar) sensors for drones and self-driving cars and a late-2020 SPAC IPO exploded higher in early trading on the Nasdaq today.
As of 10:10 a.m. EST, Velodyne Lidar stock is up 10.6%, responding to Velodyne s announcement this morning that it has signed a multi-year sales agreement with an Australian company called Emesent, which Velodyne describes as a world-leader in drone autonomy, lidar mapping and data analytics.
Image source: Getty Images.
So what
Velodyne Lidar will be supplying Emesent with Puck LITE lidar sensors to power Emesent s Hovermap mobile scanning system for guiding drones in hazardous and GPS-denied environments, such as within buildings or underground areas where a drone may have to navigate on its own, without aid from satellites.