Ouster Selected for 110 Smart Infrastructure Projects in 2021 Signaling Market Ramp and Large-Scale Growth Opportunities
February 10 2022 - 8:30AM
Business Wire
Projects represent initial deployments of
nearly 3,000 digital lidar sensors for intelligent transportation
systems, smart places, and security management
Ouster, Inc. (NYSE: OUST) (“Ouster” or “the Company”), a leading
provider of high-resolution digital lidar sensors, today announced
that it was selected for 110 smart infrastructure projects in 2021,
representing nearly 3,000 digital lidar OS sensors for initial
deployments. The smart infrastructure projects span 20 countries
and encompass the intelligent transportation systems, smart places,
and security management submarkets.
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the full release here:
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Ouster digital lidar deployment on a
traffic intersection (Photo: Business Wire)
Ouster’s smart infrastructure vertical represents an estimated
$2.8 billion TAM for digital lidar by 2025. With over 1 million
signalized traffic intersections and 85 million surveillance
systems in the U.S. alone, there is a considerable opportunity to
augment these systems with digital lidar sensors. Digital lidar can
replace expensive and unreliable ground loops, displace cameras to
reduce idling time for vehicles, increase safety for pedestrians,
and provide crowd analytics without compromising privacy.
In 2021, Ouster started building a robust partner ecosystem with
over 30 software integrators and solution providers across major
markets. This has allowed the Company to accelerate digital lidar
adoption in the smart infrastructure vertical to capture
incremental market share while these projects validate solutions
for significantly larger deployments. These project expansions have
the potential to result in hundreds of thousands of sensors.
“Digital lidar has a far-reaching role to play in modernizing
infrastructure for safer roads and cities,” said Itai Dadon,
Ouster’s VP of Smart Infrastructure. “Ouster’s accelerated global
growth in smart infrastructure over the past year is the direct
result of targeted investments and partnerships to bring turnkey
perception and analytics solutions to market. The accuracy of the
data combined with the reliability and affordability of our digital
lidar as compared to other sensing modalities demonstrates strong
product-market fit. We expect project expansions and future
value-added solutions will further catalyze Ouster’s growth in
smart infrastructure over the coming years.”
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 robust partner ecosystem, its
ability to enable large-scale lidar adoption, the reliability and
affordability of its products, its strategy, and market positioning
as it relates to its brand and competitors. Forward-looking
statements give Ouster’s current expectations and projections
relating to its financial condition, competitive 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 “anticipate”, “estimate”, “expect”,
“project”, “plan”, “forecast”, “intend”, “believe”, “may”, “will”,
“should”, “can have”, “likely” 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; 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; its ability to use tax
attributes; its dependence on key third party suppliers, in
particular Benchmark Electronics, Inc., and manufacturers; ability
to maintain inventory and the risk of inventory write-downs;
inaccurate forecasts of market growth; its ability to manage
growth; the creditworthiness of 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; and other important factors
discussed in the Company’s final prospectus dated August 19, 2021,
and in other reports the Company files with or furnishes to the
Securities and Exchange Commission. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220210005402/en/
Ouster: For Investors Sarah Ewing
investors@ouster.io
For Media Heather Shapiro press@ouster.io
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