“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.
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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 🤘🏼
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