Ouster Announces Expansion of Supply Agreements with May Mobility to Support Autonomous Vehicle Deployments Around the Globe
May 16 2023 - 5:00AM
Business Wire
- Over one thousand lidar sensors scheduled to be shipped through
2024
- May Mobility is set to launch driverless operations later this
year
Ouster, Inc. (NYSE: OUST), a leading provider of
high-performance lidar sensors, and May Mobility, a leader in the
development and deployment of autonomous vehicle (AV) technology,
announced today expansions to their supply agreements to provide
lidar sensors for May Mobility’s autonomous vehicle solutions.
These expansions include a binding commitment for a combined
purchase of over one thousand Ouster OS1 and Alpha PrimeTM VLS-128
sensors through 2024 to meet demand for new AV deployments starting
this year.
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May Mobility autonomous vehicle outfitted
with Ouster lidar sensors. (Photo: Business Wire)
“We are rapidly growing our operations and technology and need
partners that deliver high-performing, reliable and scalable
products to be successful,” said Edwin Olson, CEO of May Mobility.
“With Ouster, and now Velodyne under its umbrella, we get a
field-tested lidar suite from one supplier, making it even easier
to expand and deploy our growing fleet to more communities and
businesses.”
Ouster has previously shipped hundreds of sensors to May
Mobility for its commercial programs. May Mobility’s vehicles are
outfitted with four Ouster OS1 digital lidar sensors for short and
mid-range detection and one Alpha PrimeTM sensor for long-range
detection, providing surround-view coverage to increase safety and
performance.
May Mobility partners with transit agencies, communities and
businesses to make transit more sustainable, safe, accessible and
equitable for everyone by building AV technology that works in the
real world. To date, May Mobility has deployed more than 320,000
autonomy-enabled rides and recently announced the launch of its
third-generation autonomous driving system further improving the
safety, efficiency and rider satisfaction on the path to driverless
commercial operations.
“We’re thrilled to supply May Mobility’s suite of lidar sensors,
enabling 360-degree coverage for their autonomous vehicles. May
Mobility recognizes that complete situational awareness and
reliable detection is key to the safe deployment of AVs,” said
Angus Pacala, CEO and Co-Founder at Ouster. “Our contract expansion
is further evidence of our shared values, strong relationship, and
the growing demand for accessible, safe and green transportation
across the country.”
About Ouster
Ouster (NYSE: OUST) is a leading global provider of
high-resolution scanning and solid-state digital lidar sensors,
Velodyne Lidar sensors, and software solutions for the automotive,
industrial, robotics, and smart infrastructure industries. Ouster
is on a mission to build a safer and more sustainable future by
offering affordable, high-performance sensors that drive mass
adoption across a wide variety of applications. With a global team
and high-volume manufacturing, Ouster supports over 850 customers
in approximately 50 countries. Ouster is headquartered in San
Francisco, CA, 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.
About May Mobility
May Mobility, established in Ann Arbor, Michigan in 2017, is
building the world’s best autonomy system. Their proprietary
Multi-Policy Decision Making (MPDM) system is at the core of their
mission to help make cities safer, greener and more accessible.
MPDM’s proven track record has delivered more than 320,000
autonomy-enabled rides to date in several public transit
applications across the U.S. and Japan. With key strategic
partnerships including some of the world’s most innovative
automotive and transportation companies, such as Toyota Motor
Corporation, May Mobility aims to achieve the highest standard in
rider safety, sustainability and transportation equity. For more
information, visit www.maymobility.com.
Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). Such statements are based
upon current plans, estimates and expectations of Ouster’s
management that are subject to various risks and uncertainties that
could cause actual results to differ materially from such
statements. The inclusion of forward-looking statements should not
be regarded as a representation that such plans, estimates and
expectations will be achieved. Words such as “anticipate,”
“expect,” “project,” “intend,” “believe,” “may,” “will,” “should,”
“plan,” “could,” “may,” “continue,” “target,” “contemplate,”
“estimate,” “forecast,” “guidance,” “predict,” “possible,”
“potential,” “pursue,” “likely,” and similar expressions are
intended to identify forward-looking statements, though not all
forward-looking statements use these words or expressions. All
statements, other than historical facts, including statements
regarding Ouster’s supply agreement with May Mobility and the
benefits of its ongoing relationship with May Mobility are
forward-looking statements. All forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially from those that we expected, including but not
limited to the important factors discussed in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2022, as
updated by Ouster’s subsequent filings with the Securities and
Exchange Commission. Readers are urged to consider these factors
carefully and in the totality of circumstances when evaluating
these forward-looking statements, and not to place undue reliance
on any of them. Any such forward-looking statements represent
management’s reasonable 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, other than as may be required by
law, even if subsequent events cause its views to change.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230516005278/en/
Ouster:
For Investors Sarah Ewing investors@ouster.io
For Media Heather Shapiro press@ouster.io
May Mobility:
For Media Brittany Lockard media@maymobility.com
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