Asian Surveying & Mapping
Breaking News
Esri India Achieves 1 Million Users Milestone
Esri India, the leading provider of Geographic Information System...
Bank Negara, Malaysian Space Agency to bolster financial management ecosystem via space technology
KUALA LUMPUR: Bank Negara Malaysia has partnered with the...
Nepal’s president advisor resigns after criticising inclusion of Indian areas in map on new currency
The economic advisor to Nepal’s president on Sunday (May...
TASA to launch six satellites from 2026
The Taiwan Space Agency (TASA) yesterday said it plans...
Japan to provide flood risk maps for four South-East Asian countries – Indonesia, Vietnam, Thailand and Cambodia
JAKARTA/TOKYO: Japan plans to start providing flood risk maps...
Ecolab and ITE partners to harness water management knowledge for Singapore data center engineers
SINGAPORE, 29 APRIL 2024 – Nalco Water, an Ecolab...
NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding
NASA released photos of parts of Dubai and Abu...
Singapore releases 10-year Geospatial Master Plan
Singapore has launched its new Geospatial Master Plan (2024–33),...
Japan announces plans to launch upgraded observation satellites on new flagship rocket’s 3rd flight
TOKYO (AP) — Japan’s space agency announced Friday a...
Tesla China partners with Baidu for maps to clear FSD hurdle
Amidst Elon Musk’s unannounced trip to Beijing, China this...

February 11th, 2022
Velodyne Lidar Wins Patent Challenge Brought by Quanergy in Federal Circuit Court of Appeals

U.S. Ninth Circuit Court of Appeals Upholds Validity of Velodyne’s U.S. Patent 7,969,558

SAN JOSE, Calif. (February 9, 2022) – Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced it has won a patent challenge brought by competitor Quanergy. In making its ruling, the U.S. Ninth Circuit Court of Appeals upheld the patentability of all claims in Velodyne’s pioneering 7,969,558 patent. The ‘558 patent relates to a lidar-based 3D point cloud measuring system used for robotics, industrial solutions, intelligent infrastructure, autonomous vehicles, advanced driver assistance systems (ADAS) and other applications.

“Velodyne is pleased with the Federal Circuit’s decision, which confirms the validity of our groundbreaking patent for surround view lidar technology,” said Dr. Ted Tewksbury, CEO, Velodyne Lidar. “We were confident we would prevail because our company invented real-time surround view lidar and holds a number of foundational patents relative to this technology. Velodyne is an invention-driven company with intellectual property that is fundamental to the industry. We are committed to protecting our valuable intellectual property assets and are evaluating our options for enforcement against Quanergy and all other infringers.”

Velodyne’s lidar technology provides critical 3D vision for autonomous solutions in a wide variety of industries to achieve a safer, more efficient and sustainable future. The company’s award-winning lidar sensors deliver the flexibility, quality and performance to meet the needs of industrial and robotics, intelligent infrastructure, automotive and other markets.

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, and competition. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “can,” “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 uncertainties regarding government regulation and adoption of lidar, the uncertain impact of the COVID-19 pandemic on Velodyne’s and its customers’ businesses; 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 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. For more information about 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 SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to Velodyne as of the date hereof, 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.