Ouster Hits the Road to Showcase High-Resolution Digital Lidar Sensor

Rhea-AI Summary

Ouster, Inc. (NYSE: OUST) showcased its OS1-128 lidar sensors at industry events in September 2022, aiming to demonstrate their innovative digital lidar technology. The company is presenting at several key tradeshows, including IVT Expo USA and WAIC 2022, to highlight the versatility and performance of its sensors across various applications. Ouster's digital lidar architecture allows for enhanced reliability and cost-effectiveness, as it is powered by a custom silicon CMOS chip. The company aims to support a wide range of industries, including automotive and robotics, with its scalable manufacturing operations.

Positive

• Demonstrating OS1-128 lidar sensors at multiple industry tradeshows enhances brand visibility.
• Innovative digital lidar architecture provides a competitive edge with better performance and cost-efficiency.
• Ouster offers Buy America certified sensors, appealing to U.S. market preferences.

Negative

• None.

OS1-128 lidar sensor demo on display across multiple industry events in September

SAN FRANCISCO--(BUSINESS WIRE)-- Ouster, Inc. (NYSE: OUST), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, is set to demonstrate its latest OS series scanning sensors at industry tradeshows this Fall. Those attending can visit the Ouster booth for an in-person demo of its OS1 sensor.

Upcoming Events

IVT Expo USA
August 31 - September 1, 2022
Donald E Stephens Convention Center
Rosemont, IL (Chicago)
Booth # 1221

WAIC 2022
Sept 1-3, 2022
Shanghai, China
Shanghai World Expo Exhibition & Convention Center
Booth# 2F-A136

Saudi Infra Expo
Sept 6-8, 2022
Riyadh International Convention & Exhibition Center
Riyadh, Saudi Arabia
Booth # 4D21

ADAS & Autonomous Technology Expo
September 7 - 8, 2022
San Jose McEnery Convention Center
San Jose, CA
Booth # 2038

ITS World Congress
September 18 - 22, 2022
Los Angeles Convention Center
Los Angeles, CA
Booth # 1714

COMVEC 2022
September 20 - 22, 2022
JW Marriott Indianapolis
Indianapolis, IN
Booth # 107

Digital Lidar Advantage

Ouster’s innovative digital lidar architecture transformed lidar from an analog device with thousands of components to an elegant digital device powered by a fully custom silicon CMOS chip, enabling its sensors to deliver an excellent combination of performance, reliability, and cost. Designed to meet a superset of performance requirements across industries, Ouster’s suite of high-resolution digital lidar sensors is small, rugged, and flexible enough to serve a wide-variety of customer applications from autonomous vehicles and industrial robots to drones and smart city solutions. Ouster’s OS sensors are available now, and its global manufacturing operations are ready to scale with its customers. Ouster also offers Buy America(n) certified sensors that are manufactured in the U.S.

About Ouster

Ouster (NYSE: OUST) is building a safer and more sustainable future through its high-resolution digital lidar sensors for the automotive, industrial, smart infrastructure, and robotics industries. Ouster’s sensors offer an excellent combination of price and performance with the flexibility to span hundreds of use-cases and enable revolutionary autonomy across industries. With a global team and high-volume manufacturing, Ouster supports approximately 600 customers in over 50 countries. Ouster is headquartered in San Francisco, CA with offices in the Americas, Europe, Asia-Pacific, and the Middle East. For more information, visit www.ouster.com, or connect with us on Twitter or LinkedIn.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Ouster’s technological advancements, market opportunities, market growth expectations, potential pipeline of customers, anticipated product releases, positioning to capture market share, and driving near and long term revenue growth. Forward-looking statements give Ouster’s current expectations and projections relating to its financial condition, competitive position, financial position, future results of operations, plans, objectives, future orders whether binding or non-binding, and business. You may identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “aim”, “anticipate”, “estimate”, “expect”, “project”, “plan”, “forecast”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely”, “guidance”, “continue”, “could”, “would”, “potentially”, “preliminary” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. 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 Ouster’s limited operating history and history of losses; the negotiating power and product standards of its customers; fluctuations in its operating results; supply chain constraints and challenges; cancellation or postponement of contracts or unsuccessful implementations; the adoption of its products and the growth of the lidar market generally; its ability to grow its sales and marketing organization; substantial research and development costs needed to develop and commercialize new products; the competitive environment in which it operates; selection of its products for inclusion in target markets; its future capital needs and ability to secure additional capital on favorable terms or at all; its ability to use tax attributes; its dependence on key third party suppliers, in particular Benchmark Electronics, Inc., and manufacturers; its ability to maintain inventory and the risk of inventory write-downs; inaccurate forecasts of market growth; its ability to manage growth; the creditworthiness of its customers; risks related to acquisitions; risks related to international operations; risks of product delivery problems or defects; costs associated with product warranties; its ability to maintain competitive average selling prices or high sales volumes or reduce product costs; conditions in its customers’ industries; its ability to recruit and retain key personnel; its use of professional employer organizations; its ability to adequately protect and enforce its intellectual property rights; its ability to effectively respond to evolving regulations and standards; risks related to operating as a public company; risks related to the COVID-19 pandemic; risks related to certain of its warrants being accounted for as liabilities; and other important factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as any such factors may be updated from time to time in the Company’s other filings with the Securities and Exchange Commission (the “SEC”), and in other reports the Company files with or furnishes to the SEC. 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 required by law, even if subsequent events cause its views to change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005640/en/

For Investors

Sarah Ewing

investors@ouster.io

For Media

Heather Shapiro

press@ouster.io

Source: Ouster, Inc.

FAQ

What is Ouster's latest lidar sensor demonstration schedule?

Ouster's latest lidar sensor, the OS1-128, will be demonstrated at various events in September 2022, including IVT Expo USA and WAIC 2022.

How does Ouster's digital lidar technology differ from traditional lidar?

Ouster's digital lidar technology uses a custom silicon CMOS chip, making it more reliable and cost-effective compared to traditional analog lidar systems.

What industries can benefit from Ouster's lidar sensors?

Ouster's lidar sensors are designed for use in automotive, industrial, robotics, and smart infrastructure industries.

Are Ouster's lidar sensors manufactured in the USA?

Yes, Ouster offers Buy America certified sensors that are manufactured in the USA.