Ouster Signs Strategic Customer Agreement with Distribution Yard Automation Leader Outrider
11 March 2021 - 8:05AM
Business Wire
Agreement includes multi-year commitment to
purchase Ouster lidar sensors as Outrider scales production of its
autonomous yard truck systems and smart infrastructure
Ouster, Inc. (“Ouster”), a leading provider of high-resolution
digital lidar sensors for the industrial automation, smart
infrastructure, robotics, and automotive industries, today
announced that it has signed a multi-year strategic customer
agreement with Outrider, the leader in autonomous yard operations
for logistics hubs.
Ouster’s lidar sensors will be incorporated into Outrider’s
autonomous yard trucks as part of an integrated system which is
designed to improve the efficiency, safety, and sustainability of
large-scale distribution centers and logistics hubs. Outrider is
working with an ecosystem of partners like Ouster to accelerate the
deployment of fully automated yards. Outrider is actively taking
reservations for its autonomous systems that will use Ouster
sensors.
“Outrider is building autonomous yard operations for the here
and now. I couldn’t be more thrilled to partner with the leader in
yard automation as they look to deploy thousands of vehicles in the
next few years powered by our digital lidar sensors,” said Angus
Pacala, Co-Founder and CEO of Ouster. “We believe industrial
automation is a $9 billion opportunity for lidar in the next 10
years, and one of the four key verticals in Ouster’s diversified
approach to the lidar market.”
With the dramatic increase in freight volume in recent years,
the need for 24-hour operations of repetitive, manual work has led
to even greater inefficiency and safety concerns. Outrider focuses
not only on automating the vehicle but other manual tasks in the
yard. Outrider currently works with multiple Fortune 500
enterprises representing more than 10,000 manual, diesel yard
trucks that Outrider aims to replace with autonomous, zero-emission
vehicles that would feature Ouster sensors.
“Lidar is a fundamental component of our integrated system,
which enables our autonomous vehicles to see and interpret their
surroundings. Having a close relationship with our ecosystem of
partners is critical to maximizing the performance of the Outrider
System and the throughput of our customer’s supply chains,” said
Andrew Smith, Founder and CEO of Outrider. “We believe the
performance and cost advantages of Ouster’s digital lidar sensors
will further accelerate the industry’s rapid adoption of our
technology.”
About Ouster
Ouster invented its digital lidar in 2015 and is a leading
manufacturer of high-resolution digital lidar sensors used
throughout the industrial automation, smart infrastructure,
robotics, and automotive industries. Ouster’s sensors are reliable,
compact, affordable and highly customizable, laying the foundation
for digital lidar ubiquity across endless applications and
industries. Already hundreds of customers have incorporated Ouster
lidar sensors in current products or those in development for
imminent commercial release. For more information, visit
www.ouster.com, or connect with us on Twitter or LinkedIn.
About Outrider
Outrider, the leader in autonomous yard operations for logistics
hubs, helps large enterprises improve safety and increase
efficiency. The only company exclusively focused on automating all
aspects of yard operations, Outrider eliminates manual tasks that
are hazardous and repetitive. Outrider’s mission is to drive the
rapid adoption of sustainable freight transportation by deploying
zero-emission systems. Outrider is a private company backed by NEA,
8VC, Koch Disruptive Technologies, and other top-tier investors.
For more information, visit www.outrider.ai
Forward-Looking
Statements
This document contains certain forward-looking statements within
the meaning of the federal securities laws, including statements
regarding the products and services offered by Ouster and the
markets in which it operates. These forward-looking statements
generally are identified by the words “believe,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including but not limited to the risk of downturns in the
highly competitive lidar technology and related industries.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Ouster assumes no obligation and does not intend to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise. Ouster
gives no assurance that it will achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20210310005892/en/
For Ouster Erica Bartsch / Nevin Reilly / Alex Kovtun
Sloane-Ouster@sloanepr.com For Outrider Joanna Weinstein /
Olivia Robinson press@outrider.ai
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