Ouster signs multi-million dollar agreement with LASE PeCo

Ouster (OUST) announced that it signed a multi-million dollar agreement with LASE PeCo, a German manufacturer and integrator of intelligent customer, traffic and security solutions, to further deploy 3D digital lidar technology across Europe. LASE PeCo has already installed hundreds of Ouster OS lidar sensors in Europe, predominantly for crowd analytics at commercial sites. This expanded agreement will bring hundreds of additional sensor deployments and Ouster Gemini perception software licenses to its European customers. LASE PeCo will leverage Ouster Gemini across various applications such as people counting, mobility analytics, and perimeter and intrusion protection – both in public spaces and retail environments.