Ouster’s Blue City Achieves NEMA TS2 Certification for Safe Traffic Control

Rhea-AI Summary

Ouster, Inc. (NYSE: OUST) announced that its Blue City traffic management solution has achieved NEMA TS2 certification for traffic actuation. This makes it the first lidar traffic solution with Buy America(n) certified lidar to receive this certification. Blue City combines Ouster's 3D lidar sensors with edge AI to capture traffic data, improving safety and efficiency while protecting privacy.

The solution is currently deployed at over 250 intersections, with more installations underway. The U.S. Department of Transportation recently awarded two million dollar SMART Grants to Nashville and Chattanooga for implementing Blue City. This certification is expected to accelerate the adoption of Blue City across North America, supporting Ouster's growing software-attached sales.

Positive

• Blue City achieved NEMA TS2 certification, enhancing its credibility in the traffic management market
• Blue City is deployed at over 250 intersections, indicating market traction
• Received two million dollar SMART Grants for implementations in Nashville and Chattanooga
• NEMA TS2 certification expected to accelerate Blue City's adoption in North America
• Software-attached sales have been growing, potentially increasing revenue streams

Negative

• None.

Market Research Analyst

Ouster's Blue City achieving NEMA TS2 certification is a positive development for the company's smart infrastructure business. This certification validates the solution's reliability and compliance with industry standards, potentially opening doors to more government contracts. The $2 million SMART Grants awarded by the U.S. Department of Transportation for Blue City deployments in Tennessee cities indicate growing interest from municipal customers.

With over 250 intersections already using Blue City and more in the pipeline, Ouster is gaining traction in the smart traffic management market. The Buy America(n) certification for their lidar sensors could be a significant advantage in securing U.S. government-funded projects. However, investors should note that while promising, the smart infrastructure segment is still a developing market and competition from other traffic management solutions may intensify.

Tech Expert

Ouster's Blue City solution stands out as the first lidar-based traffic system to achieve NEMA TS2 certification. This is technically significant as it demonstrates the solution's ability to operate reliably in harsh outdoor environments. The combination of 3D lidar sensors with edge AI for traffic actuation and safety analytics represents a technological advancement over traditional camera-based systems.

The cloud-based analytics platform offering real-time monitoring and visualization adds value by providing instant insights for traffic management. This could lead to more efficient traffic flow and reduced carbon emissions. However, the success of this technology will depend on its ability to consistently outperform existing solutions in terms of accuracy, reliability and cost-effectiveness in real-world deployments across various urban environments.

Blue City is a turnkey traffic management solution for traffic operations, planning, and safety

First lidar traffic solution to be NEMA TS2 certified with Buy America(n) lidar

SAN FRANCISCO--(BUSINESS WIRE)-- Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today that its Blue City traffic management solution successfully passed the requirements of NEMA TS2 as a detection system for traffic actuation.

Ouster Blue City traffic management solution (Photo: Business Wire)

With NEMA TS2 certification, the Ouster Blue City solution delivers reliable multi-modal traffic actuation and safety analytics within a single system. Blue City combines Ouster’s 3D lidar sensors with edge AI to capture traffic data for active traffic actuation, improving safety and efficiency while protecting the community’s privacy. Blue City’s cloud-based analytics platform provides monitoring and visualization in real time, delivering instant insights for traffic management.

“We are excited to announce that Blue City is the first NEMA TS2 certified solution with Buy America(n) certified lidar. This is a testament to the quality and reliability of Ouster’s products,” said Asad Lesani, Ouster’s VP for Smart Infrastructure Products. “Smart traffic solutions offer an immense opportunity to improve roadway efficiency, carbon emissions, and safety for all road users. Ouster’s software-attached sales have continued to grow, and the NEMA TS2 certification will only further accelerate Blue City’s adoption in cities across North America.”

Multiple cities around the world are evaluating and installing Ouster’s lidar-powered traffic management system. The U.S. Department of Transportation recently awarded two million dollar SMART Grants to the Nashville Department of Transportation and the City of Chattanooga to make Tennessee streets safer using Blue City. Blue City is currently deployed at over 250 intersections with more underway as municipalities take steps to modernize their traffic infrastructure.

The National Electrical Manufacturers Association (NEMA) TS2 is a standard for traffic control assemblies, such as traffic lights and walk signs. The standard is designed to ensure high network reliability in intelligent transportation systems.

To learn more, contact the Blue City team at https://ouster.com/talk-to-sales.

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,” “project,” “intend,” “believe,” “may,” “will,” “should,” “plan,” “could,” “offer,” “continue,” “target,” “contemplate,” “estimate,” “forecast,” “guidance,” “predict,” “possible,” “potential,” “pursue,” “demonstrate,” “likely,” 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/20240827659626/en/

For Investors

investors@ouster.io

For Media

press@ouster.io

Source: Ouster, Inc.

FAQ

What is Ouster's Blue City and what certification did it receive?

Blue City is Ouster's turnkey traffic management solution that combines 3D lidar sensors with edge AI. It recently received NEMA TS2 certification for traffic actuation, making it the first lidar traffic solution with Buy America(n) certified lidar to achieve this certification.

How many intersections is Ouster's Blue City currently deployed in?

Ouster's Blue City traffic management solution is currently deployed at over 250 intersections, with more installations underway as municipalities modernize their traffic infrastructure.

What recent grants has Ouster's Blue City received for implementation?

The U.S. Department of Transportation recently awarded two million dollar SMART Grants to the Nashville Department of Transportation and the City of Chattanooga to implement Ouster's Blue City solution for improving street safety in Tennessee.

How is the NEMA TS2 certification expected to impact Ouster (OUST) stock?

The NEMA TS2 certification is expected to accelerate the adoption of Blue City across North America, potentially leading to increased sales and revenue for Ouster (OUST), which could positively impact the stock performance.