Juzhen Data Tech Selects Ouster Digital Lidar for Its Autonomous Electric Delivery Vehicles
13 September 2021 - 11:00PM
Business Wire
Agreement includes potential demand for 1,190
Ouster lidar sensors through 2025 as Juzhen scales production of
its next-generation delivery vehicles
Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading
provider of high-resolution digital lidar sensors for the
industrial, automotive, smart infrastructure, and robotics
industries, announced today that it has signed a Strategic Customer
Agreement with Juzhen Data Tech, a technological leader in the
research and development of new energy delivery vehicles,
autonomous delivery vehicles and last-mile automated delivery
services. Ouster expects to supply 1,190 digital lidar sensors
through 2025 for Juzhen’s next-generation delivery vehicles for the
Chinese market.
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Juzhen Data Tech Selects Ouster Digital
Lidar for Its Autonomous Electric Delivery Vehicles (Photo:
Business Wire)
Juzhen plans to use Ouster digital lidar on its two
next-generation electric vehicles to support autopilot
functionality followed by the deployment of fully autonomous
delivery vehicles on public roads. Juzhen launched its first
electric delivery vehicle in November 2020 in order to support the
growing e-commerce logistics market in China. The upgraded vehicle
designs will incorporate one to three Ouster OS1 sensors per
vehicle for mapping, navigation, and obstacle avoidance to enable
more intelligent transportation systems capable of autonomous
delivery between logistic hubs in urban environments.
“We chose to work with Ouster because of the high-resolution of
its digital lidar. Ouster provides reliable perception data for our
autonomous vehicles, which is critical when driving on public
roads. Furthermore, we believe that Ouster’s scalable, digital
approach will allow us to further reduce costs while improving
performance over time, providing competitive advantage,” said
Juzhen Data Tech’s Chief Executive Officer, Gu Zulin.
“We are excited to partner with Juzhen to further realize the
benefits of digital lidar for the autonomous delivery market in
China. Every major logistics company is looking to integrate
greater levels of automation, whether it be for improved safety,
efficiency, or cost. Ouster is advancing automation across the
global supply chain by offering sensors with the best combination
of price and performance along with a highly-scalable manufacturing
process,” said Ouster CEO, Angus Pacala.
About Juzhen Data Tech
Juzhen Data Tech is a technology company focusing on the
research and development of new energy delivery vehicles,
autonomous delivery vehicles, and last-mile automated delivery
services. Juzhen Data Tech is the first autonomous driving
technology company to qualify for national vehicle production in
China. The Company’s founding team members have extensive
experience in Tier One automotive suppliers and automotive OEMs,
including BMW and Mercedes-Benz, Chinese logistics companies
including Cainiao, and Chinese technology companies, including
Alibaba and Weibo. Juzhen Data Tech integrates AI technology and
industrial capabilities onto new energy vehicles to provide green,
safe and efficient solutions for urban delivery. Juzhen Data Tech
has an intelligent automotive production facility in Shandong,
covering more than 500 acres with 4 technological processes of
stamping, welding, painting, and final assembly. Its annual
capacity is 100,000 vehicles. For more information, please visit
www.juzhen.cn.
About Ouster
Ouster (NYSE: OUST) is a leading provider of high-resolution
digital lidar sensors for the industrial, smart infrastructure,
robotics, and automotive industries. Ouster products offer an
excellent combination of price and performance and are built to a
set of requirements that are flexible enough to span hundreds of
use cases and enable revolutionary autonomy across industries.
Ouster has approximately 600 customers in over 50 countries with
offices in the Americas, Europe, Asia-Pacific and the Middle East.
For more information, visit www.ouster.com, or connect with us on
Twitter or LinkedIn.
Forward-Looking
Statements
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 ability to sell its products in the Middle
East, growth and retention of distributors, adoption of its
products by OEMs and other customers in the Middle East,
suitability of the applications for certain automated applications,
potential supply demand for Ouster’s sensors, financial outlook and
market positioning. Forward-looking statements give Ouster’s
current expectations and projections relating to our financial
condition, results of operations, plans, objectives, future
performance and 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”, “project”, “plan”,
“intend”, “believe”, “may”, “will”, “should”, “can have”, “likely”
and other words and terms of similar meaning in connection with any
discussion of the timing or nature of future operating or financial
performance or other events. All forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially from those that we expected, including: Ouster’s
limited operating history and history of losses; the adoption of
its products and the growth of the lidar market generally; the
competitive environment in which it operates; its future capital
needs; its ability to adequately protect and enforce its
intellectual property rights; its ability to effectively respond to
evolving regulations and standards relating to applications in
which its products are frequently used; its reliance on a
third-party manufacturer; the timing of revenue from existing
customers; uncertainties related to Ouster’s estimates of the size
of the markets for its products and future revenue opportunities;
and other important factors discussed in the Company’s final
prospectus and definitive proxy statement, dated February 12, 2021,
filed with the Securities and Exchange Commission (the “SEC”), as
updated by the factors disclosed in the section titled “Risk
Factors” in its Current Report on Form 8-K filed with the SEC on
March 15, 2021, and in other reports the Company files with or
furnishes to the SEC. Any such forward-looking statements represent
management’s estimates and beliefs as of the date of this press
release. While Ouster may elect to update such forward-looking
statements at some point in the future, it disclaims any obligation
to do so, even if subsequent events cause its views to change.
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version on businesswire.com: https://www.businesswire.com/news/home/20210913005486/en/
For Investors Sarah Ewing investors@ouster.io
For Media Heather Shapiro press@ouster.io
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