News on Signing Agreement with Velodyne Lidar
Montreal, Quebec, May xx, 2021, Bluecity, a Montreal-based technology company, is pleased to announce that it has signed an exclusive licensing agreement with Velodyne Lidar to distribute Bluecity’s artificial intelligence (AI) software combined with their award-winning lidar sensor technology. This product, called Intelligent Infrastructure Solution, is currently available for the Intelligent Transport Systems (ITS) industry.
Bluecity’s AI software is an analytics platform, designed to work with Velodyne’s lidar sensors to collect and analyze traffic data with the goal of reducing traffic congestion, lowering the number of traffic accidents, and decreasing carbon emissions. Bluecity’s software, IndiGO, has been implemented in several cities across North America. Velodyne Lidar has agreed to become the exclusive reseller of IndiGO in North America as a part of its Intelligent Infrastructure Solution. The company has also agreed to participate in Bluecity’s seed funding round.
“We are very excited that Velodyne Lidar recognizes the value of IndiGO, our lidar-based software technology, to provide real-time, multi-modal traffic data. By offering the Intelligent Infrastructure Solution to urban planners, engineering and consulting firms, and traffic operations departments, these organizations will now be able to capture traffic data under all types of weather and lighting conditions, “said Asad Lesani, CEO and Co-founder of Bluecity. “We are also helping define the landscape of safety analytics with data that can help users identify dangerous intersections before accidents occur,” he added.
“Velodyne Lidar looks forward to working with Bluecity as it grows and continues to enhance its solution offering,” added Jon Barad, Vice President of Business Development at Velodyne Lidar Inc. “By leveraging our lidar technology and Bluecity’s artificial intelligence, we are able to provide a smart city solution that can reduce the $350 billion dollar (USD) cost of traffic congestion in the US annually, and[DK1] greatly improve safe mobility. With a growing commitment by governments worldwide and a 2.2 trilion dollar (USD) proposal from the Biden Administration to modernize archaic transportation systems, we are at the forefront of making this future a reality.”
Bluecity is a software company that combines artificial intelligence and lidar sensors to provide accurate, real-time traffic data for the Intelligent Transportation Systems (ITS) industry. Built by and for transportation engineers, the company’s IndiGO solution transforms raw lidar data into road usage and safety information. From counting turning movements to analyzing near misses between vehicles, pedestrians, and cyclists, IndiGO reliably detects all road users in any weather or lighting conditions. With their innovative, turnkey solution, Bluecity makes cities safer and smarter. Visit bluecity.ai for more information.
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.