Velodyne Lidar Announces Three-Year Sales Agreement with Baidu

Velodyne Lidar, Inc. announced a three-year sales agreement with Baidu for its Alpha Prime lidar sensors. The Alpha Prime sensors will be utilized for autonomous applications. Velodyne's low-cost, high-scale manufacturing delivers attractive pricing for Baidu and its Apollo partners. Baidu and Baidu's Apollo program, an open-source autonomous vehicle software platform, selected the Alpha Prime for its range, resolution and field of view that collectively address the high-performance requirements for autonomous vehicles. Quality 3D lidar vision is a critical component for autonomous vehicles to accurately perceive the environment.