Ouster Completes Acquisition of Sense Photonics and Establishes Ouster Automotive
Solidifies Ouster's competitive position in automotive with long-range solid-state digital lidar, a major auto OEM development deal, and five series production programs under negotiation
Ouster, Inc. (NYSE:OUST) ("Ouster" or the "Company") announced today that it has completed the acquisition of Sense Photonics ("Sense") and formally establishes Ouster Automotive, a new functional division of the Company focusing on driving mass-market adoption of digital lidar in consumer and commercial vehicles. Under the terms of the agreement, Ouster acquired 100% of Sense and all of its property for approximately 10 million shares of Ouster common stock, inclusive of 0.8 million shares underlying assu
