Velodyne Lidar stock jumps after deal to sell sensors to Stanley Robotics for automated valet parking

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Velodyne Lidar stock jumps after deal to sell sensors to Stanley Robotics for automated valet parking
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Shares of Velodyne Lidar Inc. undefined jumped 5.2% in premarket, putting it on track to open above the $1 mark, after the autonomous technology company...

Shares of Velodyne Lidar Inc. jumped 5.2% in premarket, putting it on track to open above the $1 mark, after the autonomous technology company announced an agreement to provide sensors to Stanley Robotics for an automated valet parking product. Financial terms of the multiyear agreement were not disclosed.

jumped 5.2% in premarket, putting it on track to open above the $1 mark, after the autonomous technology company announced an agreement to provide sensors to Stanley Robotics for an automated valet parking product. Financial terms of the multiyear agreement were not disclosed."High-performance sensors are key to enabling our autonomous mobile robots to reliably navigate and maneuver in narrow parking lanes," said Stanley Robotics Chief Operating Officer Mathieu Lips.

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