VLDRW - Velodyne Lidar stock gains after signing multi-year agreement with Yamaha Motor

• Velodyne Lidar ( NASDAQ: VLDR ) announced a multi-year agreement to provide its lidar sensors to Yamaha Motor ( OTCPK:YAMHF ) for eve autonomy, a joint venture between Yamaha Motor and Tier IV, Inc.
• The company has already begun shipping sensors to Yamaha Motor to support an October 2022 launch of eve auto.
• These sensors enable the small electric vehicles to navigate factory facilities autonomously.
• “Yamaha Motor’s eve auto is transforming the factory logistics industry by offering a complete package solution of autonomous transport,” said Laura Wrisley, Senior Vice President, Worldwide Sales, Velodyne Lidar ( VLDRW ). “Equipped with Velodyne’s Puck lidar sensors, eve auto is a user-friendly service that can significantly reduce the barrier of entry for companies wanting autonomous transport solutions to improve efficiency and factory safety.”
• Shares up 5.3% PM.

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