Ouster's Lidar System Secures 100-Intersection Contract in Utah

Ouster, Inc. (NASDAQ: OUST) and the Expansion of Its BlueCity Traffic Management Solution

Ouster, Inc. (NASDAQ: OUST) has emerged as a compelling investment opportunity in the small-cap stock market. The company recently announced that Econolite, a key partner, has secured a contract to expand its Ouster BlueCity traffic management solution to over 100 intersections in Utah. This development marks a significant milestone for the company, showcasing the growing demand for its innovative technology.

The new contract follows the deployment of the system at more than a dozen intersections during the previous year under a five-year agreement. The expansion will see the implementation of the BlueCity system in several cities across Utah, including Cedar City, Ogden, Orem, and Salt Lake City. Globally, Ouster has already deployed its system at over 400 sites, highlighting its widespread adoption and effectiveness.

Features of the Ouster BlueCity System

The Ouster BlueCity system distinguishes itself through its integration of 3D digital lidar sensors with advanced perception software. This combination enables efficient traffic signal actuation and analytics, providing real-time data to improve traffic flow and safety. Additionally, the system is compatible with existing traffic signal infrastructure, including Econolite Cobalt traffic signal controllers and EOS firmware. Notably, it was the first lidar-based traffic solution to receive NEMA TS2 certification, further solidifying its credibility in the industry.

Ouster CEO Angus Pacala emphasized the significance of the expansion, stating, "The rapid expansion of Ouster BlueCity across Utah, following its initial deployment this spring, highlights the traffic efficiency and safety benefits of the system."

Ouster's Core Business and Technology

Ouster, Inc. specializes in designing and manufacturing high-resolution lidar sensors and software solutions. These technologies are utilized across various industries, such as automotive, industrial, robotics, and innovative infrastructure. The company's sensors provide 3D vision, enabling autonomy and enhancing the ability of machines, vehicles, and infrastructure to understand their surroundings. This contributes to improved safety and operational efficiency.

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