Knightscope Selects Velodyne Lidar Technology for Next-Generation Autonomous Security Solutions

Autonomous Security Robot Developer Begins Defining Its 5^th Generation Technology

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Knightscope, Inc., a developer of advanced physical security technologies utilizing fully autonomous robots focused on enhancing U.S. security operations, and Velodyne Lidar, Inc., (NASDAQ: VLDR), jointly announced today that Knightscope has selected Velodyne Lidar’s technology to power its future 5^th Generation Autonomous Security Robots (ASRs).

Velodyne Lidar ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors and has worked with Knightscope for the past 7 years. Knightscope’s solution is powered by Velodyne’s Puck lidar sensor, which provides reliability, energy efficiency and a full 360-degree environmental view to deliver highly accurate real-time 3D data. The versatile, compact Puck sensor is an ideal solution to enable safe navigation in a wide variety of environmental and lighting conditions.

"As Knightscope has scaled across the country, we’ve utilized Velodyne’s technology on our 3^rd and 4^th generation machines, and we are proud to announce that our upcoming 5^th generation ASRs will continue the long-standing relationship," said William Santana Li, chairman and chief executive officer, Knightscope, Inc.

“Velodyne Lidar is pleased to have worked closely with Knightscope on providing increasingly important autonomous security solutions,” said Anand Gopalan, chief executive officer, Velodyne Lidar. “Our lidar sensors help enable 24/7 security functionality needed in all types of indoor, outdoor and light conditions. We are aligned with Knightscope in our mission of advancing public safety to achieve healthy and thriving communities for all.”

Knightscope’s robots have been patrolling across the country for well over 1 million hours and operate across 5 time zones. This ground-breaking technology has begun to make a positive impact on society, and you can learn more at www.knightscope.com/crime

About Knightscope

Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Our long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

About Velodyne Lidar, Inc.

Velodyne 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’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, please visit: www.velodynelidar.com and follow us on Twitter: @VelodyneLidar.

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, competition. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "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 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 uncertain impact of the COVID-19 pandemic on Velodyne's and its customers' businesses; uncertainties related to Velodyne's estimates of the size of the markets for its 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; Velodyne's ability to identify and integrate acquisitions; 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. 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.