ThorDrive Selects Velodyne Lidar's Ultra Puck sensors For Autonomous Technology Efficiency

Velodyne Lidar, Inc. (NASDAQ: VLDR) inked a five-year sales agreement to deliver Ultra Puck sensors to autonomous technology company ThorDrive towards better airport safety and cargo efficiencies.
ThorDrive utilizes Velodyne's lidar sensors to power its cargo and baggage ground support tractors under an autonomous vehicle (AV) program at the Cincinnati / Northern Kentucky International Airport (CVG). The units would be ready for sale by the end of 2021.
ThorDrive chose Ultra Puck for real-time object detection by the sensor's patented 3D surround view technology amidst harsh weather conditions.
ThorDrive has been utilizing Velodyne lidar sensors in developing its autonomous driving technology since 2010.
ThorDrive intends to expand its AV solutions into the aviation ground support equipment market and industrial and manufacturing applications.
Price action: VLDR shares are trading higher by 2.86% at $24.10 on the last check Wednesday.