Velodyne Shares Gain On Multi-Year Collaboration With TOPODRONE

Velodyne Lidar Inc VLDR forged a multi-year agreement to provide its lidar sensors to Switzerland's TOPODRONE.
TOPODRONE develops affordable, high-precision solutions for aerial surveys.
Velodyne lidar sensors have helped TOPODRONE to bring high-precision mapping and 3D modeling to demanding environments, including farms, forests, infrastructure, and to support economic and sustainability goals.
TOPODRONE uses Velodyne's Puck, Puck Hi-Res, and Ultra Puck as the survey solutions' 3D data perception and mapping sensors.
Drones, vertical take-off and landing (VTOL), uncrewed aerial vehicles (UAVs), and backpack systems for mobile laser scanning can avail the TOPODRONE 100 LITE and TOPODRONE 200 ULTRA.
TOPODRONE 200 ULTRA with a Supercam SX350 VTOL allows surveyors to cover more than 10 square kilometers per flight with high density and accurate RGB LiDAR point cloud data generated from 150 meters altitude.
Price Action: VLDR shares traded higher by 3.62% at $6.3 in the premarket session on the last check Tuesday.