SAN JOSE, Calif.--(BUSINESS WIRE)-- Velodyne Lidar, Inc. (VLDR) (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 (VLDRW). “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.
About Velodyne Lidar
Velodyne Lidar ushered in a new era of autonomous technology with the invention of real-time surround 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 (UAV), 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.
