Juzhen Data Tech Selects Ouster Electronic Lidar for Its Autonomous Electric powered Supply Vehicles

SUZHOU, China–(Enterprise WIRE)–Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a primary service provider of large-resolution digital lidar sensors for the industrial, automotive, sensible infrastructure, and robotics industries, declared right now that it has signed a Strategic Customer Agreement with Juzhen Details Tech, a technological chief in the study and development of new electricity shipping and delivery automobiles, autonomous delivery motor vehicles and final-mile automatic delivery services. Ouster expects to provide 1,190 digital lidar sensors through 2025 for Juzhen’s upcoming-generation delivery cars for the Chinese sector.

Juzhen programs to use Ouster electronic lidar on its two up coming-generation electric vehicles to assist autopilot features adopted by the deployment of entirely autonomous supply autos on public streets. Juzhen launched its initially electric powered supply car or truck in November 2020 in purchase to aid the increasing e-commerce logistics marketplace in China. The upgraded motor vehicle styles will include one to a few Ouster OS1 sensors per auto for mapping, navigation, and impediment avoidance to permit extra intelligent transportation techniques able of autonomous shipping among logistic hubs in urban environments.

“We chose to function with Ouster due to the fact of the high-resolution of its electronic lidar. Ouster supplies trusted notion details for our autonomous motor vehicles, which is critical when driving on general public roads. Additionally, we believe that that Ouster’s scalable, digital tactic will allow us to even further minimize fees even though increasing effectiveness above time, supplying aggressive edge,” mentioned Juzhen Info Tech’s Chief Executive Officer, Gu Zulin.

“We are thrilled to lover with Juzhen to even more recognize the advantages of digital lidar for the autonomous shipping marketplace in China. Every single significant logistics company is hunting to integrate larger stages of automation, no matter if it be for enhanced basic safety, efficiency, or cost. Ouster is advancing automation throughout the global provide chain by offering sensors with the greatest mixture of value and overall performance alongside with a really-scalable producing procedure,” explained Ouster CEO, Angus Pacala.

About Juzhen Data Tech

Juzhen Knowledge Tech is a know-how enterprise concentrating on the investigate and growth of new power shipping cars, autonomous shipping automobiles, and past-mile automatic supply services. Juzhen Info Tech is the to start with autonomous driving technological know-how organization to qualify for nationwide auto creation in China. The Company’s founding staff associates have in depth experience in Tier One automotive suppliers and automotive OEMs, like BMW and Mercedes-Benz, Chinese logistics firms which include Cainiao, and Chinese technological innovation businesses, including Alibaba and Weibo. Juzhen Information Tech integrates AI engineering and industrial capabilities onto new strength automobiles to provide green, secure and economical options for urban supply. Juzhen Facts Tech has an intelligent automotive output facility in Shandong, masking far more than 500 acres with 4 technological processes of stamping, welding, painting, and remaining assembly. Its once-a-year capacity is 100,000 automobiles. For a lot more information, remember to stop by www.juzhen.cn.

About Ouster

Ouster (NYSE: OUST) is a main service provider of higher-resolution digital lidar sensors for the industrial, sensible infrastructure, robotics, and automotive industries. Ouster goods offer an fantastic combination of rate and performance and are designed to a set of demands that are adaptable ample to span hundreds of use situations and help revolutionary autonomy across industries. Ouster has somewhere around 600 customers in in excess of 50 countries with offices in the Americas, Europe, Asia-Pacific and the Center East. For far more details, go to www.ouster.com, or hook up with us on Twitter or LinkedIn.

Forward-Searching Statements

This push release has “forward-seeking statements” in just the indicating of the “safe harbor” provisions of the Personal Securities Litigation Reform Act of 1995, together with but not restricted to, statements about means to sell its products in the Center East, advancement and retention of distributors, adoption of its solutions by OEMs and other consumers in the Middle East, suitability of the purposes for certain automatic apps, probable source demand for Ouster’s sensors, monetary outlook and sector positioning. Ahead-on the lookout statements give Ouster’s recent anticipations and projections relating to our economical ailment, effects of functions, ideas, goals, potential functionality and business. You can establish ahead-searching statements by the fact that they do not relate strictly to historical or present-day points. These statements may possibly include text these types of as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and phrases and conditions of very similar which means in link with any discussion of the timing or mother nature of long term working or money overall performance or other occasions. All ahead-searching statements are issue to risks and uncertainties that may induce true final results to differ materially from these that we predicted, together with: Ouster’s constrained functioning background and historical past of losses the adoption of its items and the progress of the lidar market place usually the competitive atmosphere in which it operates its foreseeable future money requires its capability to adequately secure and enforce its mental home rights its ability to correctly reply to evolving restrictions and standards relating to programs in which its items are commonly utilised its reliance on a third-occasion manufacturer the timing of profits from existing shoppers uncertainties similar to Ouster’s estimates of the dimension of the marketplaces for its products and solutions and upcoming income opportunities and other vital things discussed in the Company’s remaining prospectus and definitive proxy statement, dated February 12, 2021, submitted with the Securities and Trade Commission (the “SEC”), as up-to-date by the things disclosed in the area titled “Risk Factors” in its Current Report on Type 8-K filed with the SEC on March 15, 2021, and in other stories the Business files with or furnishes to the SEC. Any these types of forward-seeking statements signify management’s estimates and beliefs as of the date of this press launch. When Ouster may well elect to update these types of forward-hunting statements at some stage in the future, it disclaims any obligation to do so, even if subsequent functions bring about its views to improve.