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Ouster to Supply Lidar Sensors for Komatsu's Suite of Autonomous Offerings

1. Ouster partners with Komatsu as lidar supplier for autonomous equipment. 2. The multimillion-dollar agreement positions OUST for significant market growth.

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FAQ

Why Bullish?

The partnership with Komatsu opens new revenue streams for OUST, similar to past successful collaborations in tech-enhanced industries.

How important is it?

The multimillion-dollar deal enhances OUST's market credibility and potential revenues, making it crucial for investors.

Why Long Term?

The agreement solidifies OUST's market presence in autonomous mining, expected to grow; similar trends noted in autonomous vehicle tech.

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SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (Nasdaq: OUST) (“Ouster” or the “Company”), a global provider of high-performance lidar sensors and software solutions, and Komatsu, a leading manufacturer of construction, mining, forestry and industrial heavy equipment, announced today that Ouster will be the lidar supplier for Komatsu's suite of autonomous mining equipment offerings. The two companies signed a multimillion-dollar agreement to equip Komatsu's equipment with advanced 3D digital lida.

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