SAN JOSE, Calif. (July 21, 2020) – Velodyne Lidar, Inc. and Hesai Technology are pleased to announce that the two companies have entered a long‑term global cross-licensing relationship encompassing a broad range of 360° surround-view Lidar sensors. This mutually beneficial relationship covers both existing and future patents of both companies. Velodyne and Hesai have also agreed to dismiss all the current legal proceedings in the U.S., Germany, and China that exist between the two companies. Velodyne and Hesai are looking forward to a Lidar market that will offer highly diverse products for real time 3D sensing applications to benefit the community of autonomous vehicles and other applications.
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, a 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 robotics, industrial, intelligent infrastructure, autonomous vehicles and advanced driver assistance systems (ADAS). Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all.