logo
Ouster Introduces 3D Zone Monitoring for REV7 Digital Lidar Products

Ouster Introduces 3D Zone Monitoring for REV7 Digital Lidar Products

SAN FRANCISCO--(BUSINESS WIRE)--Mar 17, 2025--
Ouster, Inc. (Nasdaq: OUST) ('Ouster' or the 'Company'), a leading provider of high-performance lidar sensors and solutions, today introduced on-sensor 3D Zone Monitoring, a new feature that enables the lidar sensor to detect surrounding objects within customer-defined zones and trigger real-time alerts or actions. The feature will be made available via a firmware update to REV7 customers. The Company expects 3D Zone Monitoring to expand its addressable market, simplify customer development, and make its product usability easier than ever before.
This press release features multimedia. View the full release here:
3D digital lidar for warehouse automation
Existing 2D industrial lidar sensors typically offer 2D zone monitoring that allows simple mobile platforms to detect and avoid obstacles, but these sensors suffer from limited field of view and low resolution that make it difficult to detect all obstacles and enable the next generation of flexible industrial robotics. For the first time, Ouster is embedding 3D zone monitoring directly into the REV7 OS0, OS1 and OSDome sensor lineup, allowing customers to take advantage of the convenience and security of on-board zone monitoring in high performance 3D digital lidar.
3D Zone Monitoring's primary functionality supports collision avoidance on moving vehicles, such as forklifts, with warnings, deceleration, and emergency stop. This feature addition is the result of significant demand from material handling customers, which will enable them to reduce the development time of collision avoidance systems while still leveraging the 3D point cloud data and freeing up software development resources and compute power for other tasks.
Key features include:
'Introducing 3D Zone Monitoring on REV7 sensors is a major step towards becoming an autonomy company,' said Ouster CEO Angus Pacala. 'This feature will immediately serve our warehouse automation and industrial customers, and we expect it to unlock additional opportunities across all our markets.'
3D Zone Monitoring will be made available to Ouster customers using REV7 digital lidar products through its upcoming Firmware 3.2 release. For more information, visit: https://ouster.com/industries/zone-monitoring.
About Ouster
Ouster (Nasdaq: OUST) is a leading global provider of high-resolution scanning and solid-state 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. Ouster is headquartered in San Francisco, CA with offices in the Americas, Europe, and Asia-Pacific. For more information about our products, visit www.ouster.com, contact our sales team, or connect with us on X or LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends 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, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current plans, estimates and expectations of 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 'will', 'expect,' 'intend,' 'may,' 'should,' 'plan,' 'can,' 'could,' 'offer,' 'estimate,' 'possible,' 'potential,' 'pursue,' 'demonstrate,' and the negative of these terms 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 the benefits of Ouster's hardware and software offerings and software-attached offerings, total addressable market for Ouster's products and offerings, impacts on other revenue streams, industry and business trends, Ouster's business objectives, plans, market growth and Ouster's competitive position, all constitute 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, Ouster's ability to accurately anticipate market demand for its products and offerings and other important risk factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as updated by the Company's most recent Quarterly Report on Form 10-Q and as may be further updated from time to time in the Company's other filings with the SEC. Readers are urged to consider these factors carefully and in the totality of the 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.
SOURCE: Ouster, Inc.
Copyright Business Wire 2025.
PUB: 03/17/2025 06:30 AM/DISC: 03/17/2025 06:30 AM

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

H.C. Wainwright Sticks With Bullish Call on Summit Therapeutics, $44 Target
H.C. Wainwright Sticks With Bullish Call on Summit Therapeutics, $44 Target

Yahoo

time29 minutes ago

  • Yahoo

H.C. Wainwright Sticks With Bullish Call on Summit Therapeutics, $44 Target

H.C. Wainwright isn't backing off Summit Therapeutics (NASDAQ: SMMT). On June 2, the firm reaffirmed its Buy rating and maintained a $44 price target, more than double the current $18.21 share price. Analyst targets for the stock now range between $30 and $44.15, with a strong Buy consensus across the board. At a market cap of $13.5 billion, Summit has the attention of the street. The reason is Ivonescimab. It's Summit's checkpoint inhibitor drug, and Wainwright believes it could end up setting a new standard in treating solid tumors. They focused on recent HARMONi trial results. It's not statistically significant on overall survival, but strong enough on other metrics to keep hopes high. A close up of a lab technician in a protective suit, working with cells in a petri dish to develop innovative therapeutics for immune-related diseases. In particular, they pointed to ivonescimab's progression-free survival hazard ratio of 0.52 when paired with chemo. That compares favorably to the 0.8 seen with Merck's KEYTRUDA in the KEYNOTE-789 trial for the same cancer type—TKI-resistant, EGFR-mutated non-small cell lung cancer. Despite a 30% drop in the stock in the week prior to the price target update, triggered by disappointment over survival stats, Wainwright argued the market is missing the point. No competing drug has hit statistical significance either. They also noted Summit's beta sits at -0.95, which means it tends to move opposite the market, which is something investors might want to consider. While we acknowledge the potential of SMMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.

Why Symbotic Stock Soared Today
Why Symbotic Stock Soared Today

Yahoo

time33 minutes ago

  • Yahoo

Why Symbotic Stock Soared Today

Symbotic stock rose today after Arete initiated coverage on the stock with a buy rating. Arete set a one-year price target of $50 per share on the stock, implying additional upside of 43%. Symbotic stock has posted strong gains in 2025, but its valuation profile suggests that shares may still have room to run. 10 stocks we like better than Symbotic › Symbotic (NASDAQ: SYM) stock closed out Wednesday's trading with big gains. The robotics and automation company's share price ended the daily session up 8.5%. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was flat on the day, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.3%. Symbotic stock's rally today was triggered by bullish coverage from an analyst. In a note published this morning, Arete Research initiated coverage on the company and gave its stock a buy rating. With the note it published today, Arete took a bullish stance on Symbotic and set a one-year price target of $50 per share for the stock. The coverage kicked off a wave of buying action, and the stock had been up as much as 10.7% earlier in the daily session. Even after today's gains, Arete's price target implies additional upside of roughly 43% and reflects confidence in continued growth opportunities for the company. Symbotic stock has been on an impressive hot streak in 2025, with excitement surrounding its artificial intelligence (AI) and robotics helping to push the company's share price up 47% year to date. The company now has a market capitalization of roughly $3.8 billion, but it's trading at a reasonable-looking 1.5 times this year's expected sales, and could still have room for substantial valuation upside. While the business posted a net loss of $21 million in its last reported quarter, the robotics specialist managed to grow revenue 40% year over year in the period. Revenue growth could be uneven going forward, but there seems to be a good chance that the company will be able to increase its margins as its business continues to scale. Before you buy stock in Symbotic, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Symbotic wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Symbotic. The Motley Fool has a disclosure policy. Why Symbotic Stock Soared Today was originally published by The Motley Fool

Sunrun Dispatches More Than 340 Megawatts of Power in Single Evening to Support the Grid from Coast to Coast
Sunrun Dispatches More Than 340 Megawatts of Power in Single Evening to Support the Grid from Coast to Coast

Business Upturn

timean hour ago

  • Business Upturn

Sunrun Dispatches More Than 340 Megawatts of Power in Single Evening to Support the Grid from Coast to Coast

SAN FRANCISCO, June 25, 2025 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN) announced today that its fleet of home batteries enrolled in distributed power plants dispatched more than 340 megawatts of peak power on the evening of June 24 to support power grids in California, New York, Massachusetts, Rhode Island, and Puerto Rico. These dispatch events come as grid operators scramble to prevent rotating blackouts amid a triple-digit heat wave sweeping the East Coast. The prolonged heat has caused congestion and overheating of transmission lines, leading to sharp increases in wholesale electricity prices. As soaring temperatures reduced the efficiency of traditional power plants, utilities struggled to meet skyrocketing demand for electricity. 'This summer is proving challenging for grid operators, as extreme heat and rising demand again push our aging infrastructure to its limits,' said Sunrun CEO Mary Powell. 'Home storage paired with solar is a reliable and controllable resource that can provide on-demand power to the grid to prevent blackouts and reduce energy prices for all households. We must fully embrace these technologies if we're to achieve energy security for America.' On Tuesday evening, Sunrun answered urgent requests for emergency power by dispatching stored energy in home batteries to the grid during sweltering heat along the East Coast. The influx of power from thousands of Sunrun batteries helped fill the gap of energy reserves while reducing the need for expensive and polluting peaker power plants. In New York, Sunrun completed its fourth dispatch event within the last week, helping relieve stress on congested circuits identified by the utility partner. Three more power-sharing events in New York are scheduled for the coming week. In Puerto Rico, Sunrun activated more than 5,600 batteries in less than one hour to assist the island's utility provider during power generation shortfalls. In California, Sunrun's fleet of home batteries enrolled in a statewide distributed power plant dispatched 325 megawatts of peak power. The dispatched batteries acted in the same way as a traditional power plant and decisively knocked down the state's evening peak demand for electricity from 7 p.m. to 9 p.m.—when families typically increase the use of appliances and air conditioning and after solar has stopped generating electricity. 'Our distributed power plants are ready to help drive a more resilient and less expensive grid,' said Chris Rauscher, Vice President of Grid Services at Sunrun. 'We are doing this at scale and creating real value right now. With an aging grid and demand growth occurring, it is clear that the need for this capacity will only grow exponentially.' With nearly a gigawatt of total battery capacity installed—the equivalent of a nuclear power plant's worth of peak power—Sunrun is the largest distributed battery power plant provider and operator in the world. Unlike traditional power plants, Sunrun can deploy battery capacity that is equivalent to a utility scale battery or even a peaker power plant within months—an unrivaled speed. Sunrun's subscription model is key to its ability to aggregate, manage, and dispatch hundreds of thousands of home batteries to improve grid reliability. About Sunrun Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation's leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun's innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at Media ContactWyatt SemanekDirector, Corporate Communications [email protected]

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store