{"id":469423,"date":"2021-04-01T06:51:14","date_gmt":"2021-04-01T10:51:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469423"},"modified":"2021-04-01T06:51:14","modified_gmt":"2021-04-01T10:51:14","slug":"velodyne-lidar-announces-multi-year-agreement-with-agm-systems-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-announces-multi-year-agreement-with-agm-systems-llc\/","title":{"rendered":"Velodyne Lidar Announces Multi-Year Agreement With AGM Systems LLC"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Velodyne Lidar Announces Multi-Year Agreement With AGM Systems LLC<\/b><\/p>\n<p class=\"bwalignc\"><b>AGM Systems Launches New Velodyne Lidar-Based UAV Mapping Solution for Leading Energy Companies Worldwide<\/b><\/p>\n<p>SAN JOSE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.velodynelidar.com%2F&amp;esheet=52405163&amp;newsitemid=20210401005195&amp;lan=en-US&amp;anchor=Velodyne+Lidar%2C+Inc.&amp;index=1&amp;md5=1a354a77fb1be501abb50d58e7875d7b\">Velodyne Lidar, Inc.<\/a> (Nasdaq: VLDR, VLDRW) today announced a multi-year agreement with AGM Systems LLC, which provides state-of-the-art hardware and software technology for the collection, processing and analysis of air and mobile mapping data. AGM Systems will utilize Velodyne\u2019s Ultra Puck lidar sensor in their new AGM-MS3 Unmanned Aerial Vehicle (UAV) mapping solution. This solution is their second generation of one of the most popular UAV lidar scanning technologies for mapping in Russia. AGM Systems serves global leaders in the energy sector with its multi-functional, high performance technology based on Velodyne\u2019s lidar.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210401005195\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210401005195\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005195\/en\/868649\/4\/AGM_Release_1.jpg\" alt=\"AGM Systems will utilize Velodyne\u2019s Ultra Puck lidar sensor in their new AGM-MS3 Unmanned Aerial Vehicle (UAV) mapping solution. This solution is their second generation of one of the most popular UAV lidar scanning technologies for mapping in Russia. (Photo: AGM Systems)\" \/><\/p>\n<p style=\"font-size:85%\">AGM Systems will utilize Velodyne\u2019s Ultra Puck lidar sensor in their new AGM-MS3 Unmanned Aerial Vehicle (UAV) mapping solution. This solution is their second generation of one of the most popular UAV lidar scanning technologies for mapping in Russia. (Photo: AGM Systems)<\/p>\n<\/div>\n<p>\nAGM Systems LLC is the first company in Russia to use lidar on fixed-wing-type UAVs, choosing Velodyne for the high quality, low power consumption and reliability of its technology. AGM Systems\u2019 Velodyne lidar-enabled UAV solutions have been validated by the experience of their customers and partners.\n<\/p>\n<p>\n\u201cThe data quality of the AGM-MS3, enabled by Velodyne Lidar\u2019s Ultra Puck, is confirmed by assessments carried out at a specialized testing site of the university,\u201d said Kamina Nadezha, Rector, Moscow State University of Geodesy and Cartography. \u201cIn the course of the study, the accuracy, detail, repeatability and stability of the system were evaluated. At the moment, this is the best solution on the Russian market for UAV mapping with lidar, verified by our university.\u201d\n<\/p>\n<p>\nCombined use of AGM-PS inertial navigation systems, highly detailed Velodyne Lidar output and proprietary software makes it possible to obtain centimeter-level accuracy when scanning from heights of up to 200 meters. A key factor for UAVs is navigation and safe landing, which is why AGM Systems chose Velodyne\u2019s precise, compact Ultra Puck lidar sensor.\n<\/p>\n<p>\n\u201cVelodyne\u2019s Ultra Puck lidar sensors are reliable, accurate and versatile technological solutions,\u201d said Mischenko Yury, Production Director, AGM Systems LLC. \u201cThey meet the needs of our customers with low weight, low power consumption, and ease of integration. Velodyne is a well-respected name in the industry and a valued partner for us.\u201d\n<\/p>\n<p>\n\u201cSome of the largest companies in the world rely on AGM solutions equipped with Velodyne\u2019s Ultra Puck to achieve precise mapping,\u201d said Erich Smidt, Executive Director of Velodyne Europe. \u201cAGM Systems\u2019 UAVs are a great example of how Velodyne\u2019s sensors enable surveying, real-time assessment and monitoring applications of valuable energy resources.\u201d\n<\/p>\n<p>\nIn addition to Velodyne-powered solutions, AGM Systems provides comprehensive implementation of laser scanning technologies in the production process. Due to this, technologies are available for a range of customers \u2013 from an ordinary surveyor or university \u2013 to market leaders in the field of design and construction. The experience of specialists in the fields of physics, geodesy, applied mathematics and other disciplines allows AGM Systems to solve the most complex technical problems and provide for customers with an innovative product.\n<\/p>\n<p><b>About Velodyne Lidar<\/b><\/p>\n<p>\nVelodyne Lidar (Nasdaq: VLDR, VLDRW) 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\u2019s 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.\n<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nThis press release contains &#8220;forward looking statements&#8221; within the meaning of the &#8220;safe harbor&#8221; 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\u2019s target markets, new products, development efforts, competition. When used in this press release, the words &#8220;estimates,&#8221; &#8220;projected,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;forecasts,&#8221; &#8220;plans,&#8221; &#8220;intends,&#8221; &#8220;believes,&#8221; &#8220;seeks,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;future,&#8221; &#8220;propose&#8221; 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&#8217;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 Velodyne&#8217;s ability to manage growth; Velodyne&#8217;s ability to execute its business plan; uncertainties related to the ability of Velodyne&#8217;s customers to commercialize their products and the ultimate market acceptance of these products; the uncertain impact of the COVID-19 pandemic on Velodyne&#8217;s and its customers&#8217; businesses; uncertainties related to Velodyne&#8217;s estimates of the size of the markets for its products; the rate and degree of market acceptance of Velodyne&#8217;s products; the success of other competing lidar and sensor-related products and services that exist or may become available; Velodyne&#8217;s ability to identify and integrate acquisitions; uncertainties related to Velodyne&#8217;s current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne&#8217;s intellectual property; and general economic and market conditions impacting demand for Velodyne&#8217;s products and services. 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.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210401005195r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210401005195\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210401005195\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations<br \/>\n<br \/><\/b><a rel=\"nofollow\" href=\"mailto:InvestorRelations@velodyne.com\">InvestorRelations@velodyne.com<\/a><\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Landis Communications Inc.<br \/>\n<br \/>Sean Dowdall<br \/>\n<br \/>(415) 286-7121<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:velodyne@landispr.com\">velodyne@landispr.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe United States North America Russia California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Engineering Semiconductor Technology Aerospace Manufacturing Other Technology Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005195\/en\/868649\/3\/AGM_Release_1.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">AGM Systems will utilize Velodyne\u2019s Ultra Puck lidar sensor in their new AGM-MS3 Unmanned Aerial Vehicle (UAV) mapping solution. This solution is their second generation of one of the most popular UAV lidar scanning technologies for mapping in Russia. (Photo: AGM Systems)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005195\/en\/868650\/3\/AGM_Release_2.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">The AGM-MS3 from AGM Systems is a cost-effective multifunctional solution for mobile and airborne laser scanning from unmanned aerial vehicles (UAVs). It is equipped with Velodyne\u2019s Ultra Puck lidar sensor. (Photo: AGM Systems)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005195\/en\/868651\/3\/AGM_Release_3.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">The AGM-MS3 from AGM Systems combines use of AGM-PS inertial navigation systems, highly detailed Velodyne Lidar sensor output and proprietary software to make it possible to obtain centimeter-level accuracy when scanning from heights of up to 200 meters. (Photo: AGM Systems)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005195\/en\/1008295\/3\/VelodyneLidar_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Velodyne Lidar Announces Multi-Year Agreement With AGM Systems LLC AGM Systems Launches New Velodyne Lidar-Based UAV Mapping Solution for Leading Energy Companies Worldwide SAN JOSE, Calif.&#8211;(BUSINESS WIRE)&#8211;Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a multi-year agreement with AGM Systems LLC, which provides state-of-the-art hardware and software technology for the collection, processing and analysis of air and mobile mapping data. AGM Systems will utilize Velodyne\u2019s Ultra Puck lidar sensor in their new AGM-MS3 Unmanned Aerial Vehicle (UAV) mapping solution. This solution is their second generation of one of the most popular UAV lidar scanning technologies for mapping in Russia. AGM Systems serves global leaders in the energy sector with its multi-functional, high performance technology based on Velodyne\u2019s lidar. This press &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-announces-multi-year-agreement-with-agm-systems-llc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Velodyne Lidar Announces Multi-Year Agreement With AGM Systems LLC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469423","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Velodyne Lidar Announces Multi-Year Agreement With AGM Systems LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-announces-multi-year-agreement-with-agm-systems-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Velodyne Lidar Announces Multi-Year Agreement With AGM Systems LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Velodyne Lidar Announces Multi-Year Agreement With AGM Systems LLC AGM Systems Launches New Velodyne Lidar-Based UAV Mapping Solution for Leading Energy Companies Worldwide SAN JOSE, Calif.&#8211;(BUSINESS WIRE)&#8211;Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a multi-year agreement with AGM Systems LLC, which provides state-of-the-art hardware and software technology for the collection, processing and analysis of air and mobile mapping data. AGM Systems will utilize Velodyne\u2019s Ultra Puck lidar sensor in their new AGM-MS3 Unmanned Aerial Vehicle (UAV) mapping solution. This solution is their second generation of one of the most popular UAV lidar scanning technologies for mapping in Russia. AGM Systems serves global leaders in the energy sector with its multi-functional, high performance technology based on Velodyne\u2019s lidar. 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(Nasdaq: VLDR, VLDRW) today announced a multi-year agreement with AGM Systems LLC, which provides state-of-the-art hardware and software technology for the collection, processing and analysis of air and mobile mapping data. AGM Systems will utilize Velodyne\u2019s Ultra Puck lidar sensor in their new AGM-MS3 Unmanned Aerial Vehicle (UAV) mapping solution. This solution is their second generation of one of the most popular UAV lidar scanning technologies for mapping in Russia. AGM Systems serves global leaders in the energy sector with its multi-functional, high performance technology based on Velodyne\u2019s lidar. 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