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Press release
Joint Statement by Velodyne and Hesai
Jul 21, 2020 | By Velodyne Lidar
Joint statement by Velodyne and Hesai

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.

About Velodyne Lidar

Velodyne Lidar (NASDAQ: VLDR) 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. For more information, visit www.velodynelidar.com.

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