Velodyne Lidar Announces Multi-Year Agreement With AGM Systems LLC
April 01 2021 - 6:48AM
Business Wire
AGM Systems Launches New Velodyne
Lidar-Based UAV Mapping Solution for Leading Energy Companies
Worldwide
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a
multi-year agreement with AGM Systems LLC, which provides
state-of-the-art hardware and software technology for the
collection, processing and analysis of air and mobile mapping data.
AGM Systems will utilize Velodyne’s Ultra Puck lidar sensor in
their new AGM-MS3 Unmanned Aerial Vehicle (UAV) mapping solution.
This solution is their second generation of one of the most popular
UAV lidar scanning technologies for mapping in Russia. AGM Systems
serves global leaders in the energy sector with its
multi-functional, high performance technology based on Velodyne’s
lidar.
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AGM Systems will utilize Velodyne’s Ultra
Puck lidar sensor in their new AGM-MS3 Unmanned Aerial Vehicle
(UAV) mapping solution. This solution is their second generation of
one of the most popular UAV lidar scanning technologies for mapping
in Russia. (Photo: AGM Systems)
AGM Systems LLC is the first company in Russia to use lidar on
fixed-wing-type UAVs, choosing Velodyne for the high quality, low
power consumption and reliability of its technology. AGM Systems’
Velodyne lidar-enabled UAV solutions have been validated by the
experience of their customers and partners.
“The data quality of the AGM-MS3, enabled by Velodyne Lidar’s
Ultra Puck, is confirmed by assessments carried out at a
specialized testing site of the university,” said Kamina Nadezha,
Rector, Moscow State University of Geodesy and Cartography. “In the
course of the study, the accuracy, detail, repeatability and
stability of the system were evaluated. At the moment, this is the
best solution on the Russian market for UAV mapping with lidar,
verified by our university.”
Combined use of AGM-PS inertial navigation systems, highly
detailed Velodyne Lidar output and proprietary software makes it
possible to obtain centimeter-level accuracy when scanning from
heights of up to 200 meters. A key factor for UAVs is navigation
and safe landing, which is why AGM Systems chose Velodyne’s
precise, compact Ultra Puck lidar sensor.
“Velodyne’s Ultra Puck lidar sensors are reliable, accurate and
versatile technological solutions,” said Mischenko Yury, Production
Director, AGM Systems LLC. “They meet the needs of our customers
with low weight, low power consumption, and ease of integration.
Velodyne is a well-respected name in the industry and a valued
partner for us.”
“Some of the largest companies in the world rely on AGM
solutions equipped with Velodyne’s Ultra Puck to achieve precise
mapping,” said Erich Smidt, Executive Director of Velodyne Europe.
“AGM Systems’ UAVs are a great example of how Velodyne’s sensors
enable surveying, real-time assessment and monitoring applications
of valuable energy resources.”
In addition to Velodyne-powered solutions, AGM Systems provides
comprehensive implementation of laser scanning technologies in the
production process. Due to this, technologies are available for a
range of customers – from an ordinary surveyor or university – to
market leaders in the field of design and construction. The
experience of specialists in the fields of physics, geodesy,
applied mathematics and other disciplines allows AGM Systems to
solve the most complex technical problems and provide for customers
with an innovative product.
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) 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.
Forward Looking Statements
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 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," "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; Velodyne's ability
to identify and integrate acquisitions; 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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Investor Relations InvestorRelations@velodyne.com
Media Landis Communications Inc. Sean Dowdall (415)
286-7121 velodyne@landispr.com
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