SAN FRANCISCO – (COMMERCIAL THREAD) – Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading supplier of high-resolution digital lidar sensors, today announced that it has signed a strategic customer agreement with Perrone Robotics (“Perrone”), a leading provider of fully autonomous vehicle (AV) technologies and turnkey solutions for the mobility of people and things. The agreement includes a binding commitment for hundreds of sensors until 2023.
Perrone selected Ouster as the preferred lidar supplier to expand its delivery of integrated autonomous vehicle kits to original equipment manufacturers (OEMs) and end customers. Oster’s OS sensors will be integrated into a configuration of Perrone’s TONY® AV Retrofit Kit, a patented vehicle and hardware independent platform that can be integrated into many types of vehicles for transportation and transportation applications. . Perrone intends to use the Ouster configuration for a wide range of vehicles, including the Local Motors Olli shuttle, GreenPower Motor Company AV Star, low-speed electric utility and passenger vehicles, and a range of yard trucks for the logistics.
“Perrone aims to deploy its fleet-wide kit for shuttles, low-speed electric vehicles, cargo vans and large logistics trucks for municipal, government and commercial customers in the United States, Europe and Asia. We needed a lidar partner who could meet demand as we adapt production models with our TONY® AV retrofit kit. Ouster has distinguished itself through its performance characteristics, its first-class support team and its ability to scale for fleet-level AV deployments, ”said Paul Perrone, CEO of Perrone Robotics. “We are excited to partner with Ouster to deploy autonomous vehicle technology that we believe will increase operational efficiency, improve safety and improve accessibility for end users. ”
“Ouster’s sensors have been designed to meet a range of performance requirements, making them adaptable to a variety of AV platforms. We expect our digital lidar to power hundreds of autonomous vehicles operating in commercial and municipal areas across the United States and around the world through our agreement with Perrone, ”said Angus Pacala, CEO of Oster. “Ouster is today one of the leading lidar suppliers to the automotive industry, and we are delighted to partner with Perrone to meet customer demand for its AV platform over the next several years. ”
About Perrone Robotics
Perrone is a leading provider of fully autonomous vehicle systems. The company delivers mobility excellence through TONY®, a vehicle independent modernization kit for use in the autonomous transport of people and goods in geo-fenced and localized operations. Proven, tested and in commercial production, Perrone autonomous systems help commercial, municipal and government customers increase transportation efficiency, improve safety and accelerate the deployment of zero-emission electric vehicles. The company also offers a portfolio of existing turnkey autonomous shuttles and vehicles pre-integrated with the TONY retrofit kit. Learn more about www.perronerobotics.com or follow us @perronerobotics.
Ouster (NYSE: OUST) is a leading provider of high-resolution digital lidar sensors for the industrial, automotive, smart infrastructure and robotics industries. Ouster products offer an excellent combination of price and performance and are designed according to a set of requirements flexible enough to cover hundreds of use cases and allow revolutionary autonomy in any industry. Ouster has approximately 600 clients in more than 50 countries with offices in the Americas, Europe, Asia-Pacific and the Middle East. For more information visit www.ouster.com, or contact us on Twitter Where LinkedIn.
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 Oster’s ability to meet sourcing requirements, Oster’s production scalability, automotive end-user adoption, and Oster’s strategy and market positioning. Forward-looking statements provide Oster’s current expectations and projections regarding its financial condition, competitive position, future results of operations, plans, objectives, orders and future business. 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”, “plan”, “plan”, “intend”, “believe”, “can”, “will”. , “Should”, “may have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operational or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those we expected, including: Oster’s limited operating history and loss history; the bargaining power and product standards of its customers; fluctuations in its operating results; cancellation or postponement of contracts or unsuccessful performances; adoption of its products and the growth of the lidar market in general; its ability to develop its sales and marketing organization; the substantial research and development costs required to develop and market new products; the competitive environment in which it operates; selection of its products to be included in target markets; its future capital needs; its ability to use tax attributes; its reliance on key third-party suppliers, in particular Benchmark Electronics, Inc., and manufacturers; the ability to maintain inventory and the risk of inventory depreciation; inaccurate forecasts of market growth; its ability to manage growth; customer creditworthiness; risks associated with acquisitions; risks associated with international operations; the risk of product delivery problems or faults; costs associated with product warranties; its ability to maintain competitive average selling prices or high sales volumes or to reduce product costs; conditions in the industries of its customers; its ability to recruit and retain key personnel; its use of professional employers’ organizations; its ability to adequately protect and enforce its intellectual property rights; its ability to respond effectively to changing regulations and standards; risks associated with operating as a public enterprise; the risks associated with 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 or provides to the Securities and Exchange Commission. These forward-looking statements represent the estimates and beliefs of management as of the date of this press release. Although Oster may choose to update these forward-looking statements at some time in the future, except as required by law, it disclaims any obligation to do so, even if subsequent events cause its views to change.