Ouster Gemini Launches Genetec Security Center Integration

Rhea-AI Summary

Ouster, Inc. (NYSE: OUST) has announced the integration of its Ouster Gemini digital lidar perception platform with Genetec™ Security Center. This integration allows customers to combine lidar and video surveillance into a single interface for enhanced security operations. Genetec, a global security management provider with over 42,500 customers, can now offer its users the ability to leverage 3D lidar data for more accurate intrusion detection.

Ouster Gemini's AI-enabled perception software provides real-time physical intrusion detection, capable of simultaneously measuring the distance, trajectory, and speed of over 1,000 people or vehicles. It can detect entry and exit from specific zones, including intrusions over fences, tailgating, and entry into restricted areas. The integration enables Genetec Security Center users to trigger alerts, cue PTZ cameras, initiate alarms, and record events based on Ouster Gemini's detections.

Positive

• Integration with Genetec Security Center expands Ouster's market reach to 42,500+ potential customers
• Ouster Gemini offers advanced 3D lidar detection capabilities, potentially reducing false alarms and security costs
• The integration allows for seamless incorporation of lidar technology into existing video surveillance systems

Negative

• None.

Insights

Tech Expert

The integration of Ouster Gemini with Genetec Security Center represents a significant advancement in security technology. By combining digital lidar with video surveillance, this integration offers enhanced intrusion detection capabilities, potentially reducing false alarms and improving overall security effectiveness.

Key benefits include:

• Real-time 3D data for more accurate threat detection
• Ability to track multiple objects simultaneously
• Improved performance in adverse weather and lighting conditions
• Seamless integration with existing security infrastructure

While this partnership with Genetec, a major player in the security industry, could expand Ouster's market reach, the immediate financial impact may be The adoption rate and revenue generation will depend on how quickly Genetec's customers implement this new technology.

For investors, this development showcases Ouster's innovation and potential for growth in the smart infrastructure sector. However, it's important to note that the company's current $298 million market cap suggests it's still in a growth phase and profitability may take time to materialize.

Market Research Analyst

This integration marks a strategic move for Ouster in the competitive lidar market. By partnering with Genetec, which boasts over 42,500 customers, Ouster gains access to a vast potential client base in the security sector. This could significantly expand Ouster's footprint beyond its traditional automotive and industrial applications.

The security and surveillance market is projected to grow substantially, driven by increasing safety concerns and technological advancements. Ouster's entry into this space with a differentiated product could position them well for future growth.

However, investors should consider:

• The pace of adoption for new security technologies can be slow due to budget constraints and regulatory hurdles
• Competition from established security solution providers and other lidar companies
• Ouster's ability to scale production and support to meet potential demand

While this integration is promising, it's important to monitor Ouster's execution and the market's reception to gauge its long-term impact on the company's financial performance.

Genetec now offers Ouster’s digital lidar perception platform with video surveillance for seamless security operations

SAN FRANCISCO--(BUSINESS WIRE)-- Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced today the integration of Ouster Gemini, its digital lidar perception platform, with Genetec™ Security Center, enabling customers to fuse lidar and video surveillance into a single interface for seamless security operations.

Ouster Gemini integration with Genetec Security Center (Photo: Business Wire)

Genetec is a global security management provider with over 42,500 customers and leading video surveillance software. Security Center unifies customer data from multiple sources, including lidar, cameras, radar, so that users can manage security policies, monitor events, and run investigations all in one place. With this integration, Genetec customers are able to effortlessly harness the power of digital lidar with Ouster Gemini.

“Digital lidar sensing leverages 3D data for more accurate intrusion detection to strengthen physical security, which is why we are thrilled to announce the integration of Ouster Gemini into our Security Center,” said David Lenot, Director of the Critical Infrastructure Practice at Genetec Inc. “Customers can now add Ouster Gemini to their Security Center dashboard to better classify, detect, and track intrusions for a more layered approach to security.”

Ouster Gemini’s AI-enabled perception software provides security customers with advanced physical intrusion detection in real-time. Ouster Gemini uses 3D data to power automated detection, classification, tracking, and monitoring across wide areas indoors and outdoors, and in adverse weather and lighting conditions. Ouster Gemini can simultaneously measure the distance, trajectory or speed of over 1,000 people or vehicles, and detect the entry and exit of people from specific zones, such as intrusions over a fence, tailgating, or entry into restricted zones. This can enable security personnel to quickly identify and then respond to real threats with confidence.

Ouster Gemini can be accessed in the Genetec Security Center through a Restricted Security Area (RSA) plug-in. Once Ouster Gemini reliably detects an intrusion, it can trigger an alert to cue PTZ cameras to track an intruder or vehicle, initiate an alarm, and record an event, all within the Security Center dashboard.

“We’re excited to offer the security-enhancing capabilities of Ouster Gemini to Genetec’s global customer base,” said Itai Dadon, VP for Smart Infrastructure at Ouster. “3D lidar detection provides precise coverage over wider areas and reduces false alarms to deliver meaningful savings in security costs over time. The integration of Ouster Gemini with Genetec’s world-leading video management system makes it easy for customers to implement best-in-class physical security.”

Learn more about the Ouster Gemini integration with Genetec Security Center on the Ouster blog.

About Ouster

Ouster (NYSE: OUST) is a leading global provider of 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. Ouster is headquartered in San Francisco, CA with offices in the Americas, Europe, and Asia Pacific. For more information, visit www.ouster.com or connect with us on X or LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends 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 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current plans, estimates and expectations of 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,” “intend,” “may,” “will,” “should,” “plan,” “can,” “could,” “offer,” “estimate,” “possible,” “potential,” “pursue,” “demonstrate,” and the negative of these terms 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 the benefits of Ouster’s software offerings and software-attached offerings, impacts on other revenue streams, industry and business trends, Ouster’s business objectives, plans, market growth and Ouster’s competitive position, all constitute 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, risks related to important factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as may be further updated from time to time in the Company’s other filings with the SEC. Readers are urged to consider these factors carefully and in the totality of the 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/20240925635114/en/

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Source: Ouster, Inc.

FAQ

What is the new integration announced by Ouster (OUST) for its Gemini platform?

Ouster has announced the integration of its Ouster Gemini digital lidar perception platform with Genetec™ Security Center, allowing customers to fuse lidar and video surveillance into a single interface for seamless security operations.

How does Ouster Gemini enhance security operations when integrated with Genetec Security Center?

Ouster Gemini provides real-time physical intrusion detection using 3D lidar data, capable of measuring distance, trajectory, and speed of over 1,000 people or vehicles simultaneously. It can trigger alerts, cue PTZ cameras, initiate alarms, and record events within the Security Center dashboard.

What are the key features of Ouster (OUST) Gemini's AI-enabled perception software?

Ouster Gemini's AI-enabled perception software offers automated detection, classification, tracking, and monitoring across wide areas indoors and outdoors. It can detect intrusions over fences, tailgating, and entry into restricted zones, even in adverse weather and lighting conditions.

How can Genetec customers access Ouster (OUST) Gemini in the Security Center?

Genetec customers can access Ouster Gemini in the Security Center through a Restricted Security Area (RSA) plug-in, allowing them to integrate lidar detection capabilities into their existing security management system.