Ouster Achieves Major Software Milestones, Accelerating its Smart Infrastructure Solutions Business

Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics and smart infrastructure industries, announced today major software achievements to serve the growing demand for lidar-powered smart infrastructure solutions. 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.

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Ouster digital lidar deployed at a U.S. intersection. (Photo: Business Wire)

Ouster expanded its product portfolio to include software solutions earlier this year, starting in January 2023 with the release of Ouster Gemini, its digital lidar perception platform for security, intelligent transportation systems, and crowd analytics. The Company then added Blue City, a turnkey traffic management solution, to its offerings following its merger with Velodyne in February 2023. Since then, Ouster has achieved the following milestones:

• Unified solutions under the Ouster Gemini platform: Ouster completed the unification of Blue City with Ouster Gemini in the third quarter, enabling Blue City functionality with Ouster digital lidar and paving the way for more features and faster development.
• New deep learning AI perception models: Ouster increased the overall accuracy and reliability of Ouster Gemini by integrating new layers of machine learning algorithms and deep neural networks. With deep learning, Ouster Gemini now offers advanced object classification and enables more complex use cases.
• Integrations with video management systems (VMS): Ouster completed integrations with leading real-time VMS partners, providing customers with increased flexibility to select the software product that best suits their use case.
• Millions in software coupled sales: Ouster booked software coupled sales worth millions of dollars in the third quarter, including signing a significant deal to deploy its digital lidar hardware coupled with Ouster Gemini at over 130 logistics sites. 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.
• Expanded software deployments: Bookings for Ouster Gemini and Blue City software solutions will expand deployments to more than 375 sites.

“Our software team put in a massive effort to harmonize all of our solutions under the Gemini platform while simultaneously implementing new AI perception models that improve the performance and expand the capabilities of the solutions,” said Ouster CEO Angus Pacala. “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 Gemini is an incredible product, and we are already starting to see the commercial results.”