Let’s take a look at how Velodyne Lidar, Inc. (VLDR) stock augmented in the AH session

Velodyne Lidar, Inc. (NASDAQ: VLDR) stock price jumped 12.5% to $11.15 in the after-‎hours Monday after the news to promote uses of lidar in smart city solutions, Velodyne Lidar ‎is partnering with Qualcomm’s Smart Cities Accelerator Program.

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‎Through its partnership with Qualcomm Technologies, Inc., Velodyne will extend its ‎collaboration with Qualcomm Technologies, Inc., government agencies, and solution ‎developers to help create smart city applications that improve public services and enhance ‎safety and quality of life.‎

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The Velodyne Lidar sensor can be used to measure and monitor conditions in areas such as ‎vehicle traffic, pedestrian safety, parking space management, speed measurement, V2X ‎communications, queue management, asset management, security, and more.‎

A smart city solution can rely on Velodyne’s lidar sensors to take measurements and monitor ‎conditions related to pedestrian safety, vehicle traffic, parking space management, speed ‎measurement, V2X communication, queue and asset management, security, and more. The ‎sensors can collect exact and detailed 3D information about people, cars, bicyclists, public ‎spaces, and more while maintaining their anonymity.‎

Existing camera-based ITS traffic monitoring systems have been used to assess traffic flow ‎rates, occupancy rates, average speeds, and spot speeds until recently. But as more and more ‎sensors come onto the market, their weaknesses become apparent. For example, cameras ‎suffer in low-light conditions, are prone to optical illusions, and are inherently insensitive to ‎privacy. With Velodyne’s lidar sensors, objects will be detected and tracked in any condition, ‎regardless of lighting or weather.‎‎

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Velodyne is also an ideal ‎sensor for supporting municipal needs without compromising citizens’ privacy since it does ‎not recognize individuals by their characteristics, such as their faces or skin color. Smart city ‎applications designed with Velodyne lidar can enhance safety, social welfare, and operational ‎efficiency.‎

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