Ouster-Velodyne Merger Further Consolidates Lidar Industry

“We’re thrilled to have completed the merger with Velodyne so quickly, further boosting our financial position and our ability to accelerate lidar adoption,” said Angus Pacala, CEO of Ouster in a statement. “Together, we have an even stronger team backed by a healthy balance sheet, new channel partners, and a wide selection of positive-margin products to serve a diverse set of customers and win more deals than ever before.

On track to exceed previously projected annualized operating expenditure synergies of $75 million, compared to standalone cost structures as of September 30, 2022, within 9 months. For fast-growing Ouster the merger with Velodyne is another move in building its role in the hyper-competitive Lidar sector.of Sense Photonics, as it formally established the Ouster Automotive division. At the time, the company said acquiring 100% of Sense accelerated its solid state digital Lidar roadmap by 12 months.

The REV7 is aimed at robotaxis, shuttles, buses and trucks where short, mid, and long-range lidar sensors are needed for autonomous vehicles operating at SAE Level 4.lidar perception platform providing the ability to detect, classify, and track moving objects in real-time using the 3D data from a single or multiple fused Ouster lidar sensors.

Ouster plans to provide more details on the plan to integrate Velodyne on March 23 during a conference call to discuss 2022 fourth quarter and full year financial results.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouseThe merger creates a lidar powerhouse with more than 850 customers and about $315 million in cash on hand. Right! ;-) ousterlidar kirar96 🤘🏼
Källa: CNBC - 🏆 12. / 72 Läs mer »

Tulla and Pantoro strike merger dealJoint venture (JV) partners Pantoro and Tulla Resources on Monday announced a merger under which Pantoro would acquire Tulla to gain full ownership of the Norseman gold project, in Western Australia, and create a new mid-cap ASX-listed gold company. The merged entity would have a targeted production of 110 000 oz/y and a mineral resource of 4.79-million ounces, along with an ore reserve of 0.98-million ounces.
Källa: MiningWeeklyAUS - 🏆 233. / 63 Läs mer »

FIS walks back Worldpay merger, will spin off its merchant businessMerchant-acquiring company Fidelity National Information Services Inc. plans to spin off its merchant business, the company announced Monday
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Mount Sinai merger bid to free up prized East Village land hits snagMount Sinai Beth Israel’s under-the-radar plan to sell off precious East Village real estate hit a roadblock when a key New York State Department of Health committee declined to approve the ho… Oh look more medical monopolist.
Källa: nypost - 🏆 91. / 67 Läs mer »