Press release

Velodyne Lidar, Nikon Announce Manufacturing Agreement for Mass Production of Velodyne Lidar Sensors

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Velodyne
Lidar, Inc.
today announced an agreement with Nikon
Corporation
, under which Sendai Nikon Corporation, a Nikon
subsidiary, will manufacture lidar sensors for Velodyne with plans to
start mass production in the second half of 2019. The partnership
cements Velodyne’s manufacturing plan and expands its lead in the global
lidar sensor market.

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Velodyne provides the smartest, most powerful lidar solutions for vehicle autonomy and driver assist ...

Velodyne provides the smartest, most powerful lidar solutions for vehicle autonomy and driver assistance. (Photo: Business Wire)

“Mass production of our high-performance lidar sensors is key to
advancing Velodyne’s immediate plans to expand sales in North America,
Europe, and Asia,” said Marta Hall, President and CBDO, Velodyne Lidar.
“With this partnership, Velodyne affirms its leadership role in
designing, producing, and selling lidar for worldwide implementation.
For years, Velodyne has been perfecting lidar technology to produce
thousands of lidar units for autonomous vehicles (AVs) and advanced
driver assistance systems (ADAS). It is our goal to produce lidar in the
millions of units with manufacturing partners such as Nikon.”

Velodyne is the leading supplier of lidar sensors to the automotive
industry with more than 250 customers globally.

Beyond AVs and ADAS, Velodyne will leverage Nikon’s mass manufacturing
prowess as lidar sales expand within other emerging markets. Accelerated
by its partnership with Nikon, Velodyne’s low cost lidar solutions will
benefit a range of business segments, including robotics, security,
mapping, agriculture, and unmanned aerial vehicles (UAVs).

“Working with Nikon, an expert in precision manufacturing, is a major
step toward lowering the cost of our lidar products. Nikon is notable
for expertly mass-producing cameras while retaining high standards of
performance and uncompromising quality. Together, Velodyne and Nikon
will apply the same attention to detail and quality to the mass
production of lidar. Lidar sensors will retain the highest standards
while at the same time achieving a price that will be more affordable
for customers around the world,” said Hall.

Nikon invested USD 25 million in Velodyne last year and now aims to
combine Nikon’s optical and precision technologies with Velodyne’s lidar
sensor technology. Since the investment, both companies have been
investigating a business alliance that includes collaboration in
technology development and manufacturing.

This manufacturing agreement represents the initial phase of the
Velodyne/Nikon business alliance. The companies will continue to
investigate further areas of a wide-ranging and multifaceted business
alliance.

About Velodyne Lidar

Velodyne
provides the smartest, most 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™
, the perfect for L4-L5 autonomy Alpha
Puck™
, the ultra-wide angle VelaDome™,
the ADAS-optimized Velarray™,
and the groundbreaking software for driver assistance, Vella™.
To learn more about lidar, please visit Velodyne’s Lidar
101 webpage
.