Ouster Ships First Digital Flash Series A-Sample, Achieving Major Milestone on Path to Automotive Readiness
April 28 2022 - 4:45PM
Business Wire
Ouster shipped the first DF A-sample to its
global automotive OEM partner, and plans to present A-samples to
over thirty automotive OEMs, Tier 1s, and AV companies this
year
Ouster, Inc. (NYSE: OUST) (“Ouster” or “the Company”), a leading
provider of high-resolution digital lidar sensors, announced today
the manufacture and shipment of the first Digital Flash (DF) series
A-sample, delivering on a major milestone in its strategic
development agreement with its global automotive OEM partner1. The
first DF A-sample marks a significant achievement on the Company’s
path to series production in 2025.
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Ouster Digital Flash Series lidar sensors
(Graphic: Business Wire)
With zero moving parts, Ouster’s DF series is the first true
solid-state flash lidar on the market. The DF A-sample achieved an
8x reduction in size in less than six months, resulting in a more
compact sensor than its predecessor, while delivering
market-leading performance on range, resolution, and field-of-view.
Ouster Automotive plans to present its first A-sample to over 30
automotive OEMs, Tier 1 suppliers, and autonomous vehicle companies
in 2022. While the Company is in advanced negotiations for multiple
series production programs, it expects the A-sample to
significantly accelerate its commercial progress by allowing
prospective customers and partners to validate the breakthrough
form-factor and performance of the DF sensor.
“Ouster introduced the industry’s first high-performance
solid-state flash lidar last fall, and produced an A-sample with
significantly reduced size in just a few months,” said Mark
Sandoval, VP of Automotive Products and Programs at Ouster. “The DF
sensors are already an order of magnitude smaller than other
automotive lidar products, and we have a clear roadmap to further
reduce size in time for series production. This is critical for
automotive companies which are looking for sensors with
best-in-class reliability that can meet small form-factor
requirements for sleek vehicle integrations.”
The DF series is a suite of short, mid, and long-range
solid-state sensors for high-volume automotive series production
vehicles. With absolutely no moving parts, the DF series is built
for best-in-class reliability, durability, and affordability to
meet automaker requirements for ADAS and automated driving while
seamlessly integrating into the vehicle body. We expect the DF
series will be available for integration in vehicles with
production starting as soon as 2025.
“OEMs no longer have to compromise on price, performance, and
size now that Ouster Automotive can deliver the true solid-state
flash sensor they’ve been waiting for. Our strategic OEM partner as
well as a number of automotive companies were anticipating our
first A-sample to move into the next stage of negotiations,” said
Iain Levy, VP of Automotive at Ouster. “As such, we expect the DF
A-sample to meaningfully accelerate our pipeline of commercial
opportunities for series production programs and strategic
collaborations.”
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 financial outlook, market
positioning, and anticipated results. Forward-looking statements
give Ouster’s current expectations and projections relating to its
financial condition, competitive position, results of operations,
plans, objectives, future performance and growth, potential revenue
opportunity, and market penetration. You can 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,” “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: 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 release of new products to
accelerate the pipeline of commercial opportunities 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 our 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 our 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 keep its competitive edge and
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 timely and
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 and definitive proxy
statement, dated February 12, 2021, filed with the Securities and
Exchange Commission (the “SEC”), as updated by the risk factors
disclosed in the Company’s Annual Report on Form 10-K filed with
the SEC on February 28, 2022 and in the section titled “Risk
Factors” in its final prospectus dated April 8, 2022 and in other
report the Company regularly files with or furnishes to the SEC.
Any such forward-looking statements represent management’s
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, other than as required by law, it disclaims
any obligation to do so, even if subsequent events cause its views
to change.
1Original equipment manufacturer (OEM)
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version on businesswire.com: https://www.businesswire.com/news/home/20220428006290/en/
Ouster:
For Investors Sarah Ewing investors@ouster.io
For Media Heather Shapiro press@ouster.io
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