Ouster Announces Expansion of Supply Agreements with May Mobility to Support Autonomous Vehicle Deployments Around the Globe
- Over one thousand lidar sensors scheduled to be shipped through 2024
- May Mobility is set to launch driverless operations later this year
May Mobility autonomous vehicle outfitted with Ouster lidar sensors. (Photo: Business Wire)
“We are rapidly growing our operations and technology and need partners that deliver high-performing, reliable and scalable products to be successful,” said Edwin Olson, CEO of May Mobility. “With Ouster, and now Velodyne under its umbrella, we get a field-tested lidar suite from one supplier, making it even easier to expand and deploy our growing fleet to more communities and businesses.”
Ouster has previously shipped hundreds of sensors to May Mobility for its commercial programs. May Mobility’s vehicles are outfitted with four Ouster OS1 digital lidar sensors for short and mid-range detection and one Alpha PrimeTM sensor for long-range detection, providing surround-view coverage to increase safety and performance.
May Mobility partners with transit agencies, communities and businesses to make transit more sustainable, safe, accessible and equitable for everyone by building AV technology that works in the real world. To date, May Mobility has deployed more than 320,000 autonomy-enabled rides and recently announced the launch of its third-generation autonomous driving system further improving the safety, efficiency and rider satisfaction on the path to driverless commercial operations.
“We’re thrilled to supply May Mobility’s suite of lidar sensors, enabling 360-degree coverage for their autonomous vehicles. May Mobility recognizes that complete situational awareness and reliable detection is key to the safe deployment of AVs,” said Angus Pacala, CEO and Co-Founder at Ouster. “Our contract expansion is further evidence of our shared values, strong relationship, and the growing demand for accessible, safe and green transportation across the country.”
About Ouster
Ouster (NYSE: OUST) is a leading global provider of high-resolution scanning and solid-state digital lidar sensors, Velodyne Lidar sensors, and software solutions for the automotive, industrial, robotics, and smart infrastructure industries. Ouster is on a mission to build a safer and more sustainable future by offering affordable, high-performance sensors that drive mass adoption across a wide variety of applications. With a global team and high-volume manufacturing, Ouster supports over 850 customers in approximately 50 countries. Ouster is headquartered in
About May Mobility
May Mobility, established in
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such statements are based upon current plans, estimates and expectations of Ouster’s management that are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Words such as “anticipate,” “expect,” “project,” “intend,” “believe,” “may,” “will,” “should,” “plan,” “could,” “may,” “continue,” “target,” “contemplate,” “estimate,” “forecast,” “guidance,” “predict,” “possible,” “potential,” “pursue,” “likely,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. All statements, other than historical facts, including statements regarding Ouster’s supply agreement with May Mobility and the benefits of its ongoing relationship with May Mobility are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including but not limited to the important factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, as updated by Ouster’s subsequent filings with the Securities and Exchange Commission. Readers are urged to consider these factors carefully and in the totality of circumstances when evaluating these forward-looking statements, and not to place undue reliance on any of them. Any such forward-looking statements represent management’s reasonable estimates and beliefs as of the date of this press release. While Ouster may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, other than as may be required by law, even if subsequent events cause its views to change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230516005278/en/
Ouster:
For Investors
Sarah Ewing
investors@ouster.io
For Media
Heather Shapiro
press@ouster.io
May Mobility:
For Media
Brittany Lockard
media@maymobility.com
Source: Ouster, Inc.
