Velodyne Lidar introduced Velabit, its sensor which brings new levels of versatility and affordability to 3D lidar perception, at the recent CES 2020 event in Las Vegas. The Velabit leverages Velodyne's lidar technology and manufacturing partnerships for cost optimization and high-volume production. Velodyne noted the Velabit complements its sensor portfolio. The sensor delivers the same technology and performance found on Velodyne's full suite of sensors and will be the catalyst for creating endless possibilities for new applications in a variety of industries. The compact Velabit can be embedded almost anywhere within vehicles, robots, unmanned aerial vehicles (UAVs), infrastructure and more. The Velabit is engineered to be an optimal automotive grade lidar solution for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles. It enables perception coverage for Blind-Spot Monitoring, Cross Traffic Detection, Automatic Emergency Braking, and Pedestrian and Bicyclist Safety. Highly configurable for customer application, this mid-range sensor can be combined with other Velodyne lidar sensors, such as the Velarray, for high-speed operation or function as a standalone lidar solution in low-speed applications. The Velabit will be available to customers mid-2020.