Ouster Achieves Major Software Milestones, Accelerating its Smart Infrastructure Solutions Business
Summary
This includes completing the unification of Blue City and Ouster Gemini, adding new performance-improving deep learning AI perception models, and booking software coupled sales worth millions of dollars. The 2023 commitment alone includes the purchase of hundreds of REV7 sensors with subscription licenses to its Gemini software for security and analytics, which is expected to drive recurring revenue for the Company. “We have a major opportunity to scale software coupled sales with existing customers, and a multi-billion dollar market within security, transportation and retail that is ripe for lidar to displace legacy sensing technologies. 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. 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.