Ouster and Hexagon Launch New Advanced Lidar..

Ouster and Hexagon Launch New Advanced Lidar Security Solution for the Multibillion Dollar Physical Security Market

Hexagon company, Tacticaware, developed an exclusive version of its Accur8vision security solution with Ouster for broad adoption across public and private infrastructure

SAN FRANCISCO–(BUSINESS WIRE)–Ouster, Inc. (NYSE: OUST) (“Ouster” or “the Company”) and Tacticaware, a Hexagon (Nasdaq Stockholm: HEXA B) company that manufactures and produces the volumetric security system Accur8vision, today announced the launch of their joint security solution: Ouster x Accur8vision. The solution combines Ouster’s 3D digital lidar technology with Hexagon’s industry-leading security software to target the multibillion dollar physical security market.

“Together, we are introducing a revolutionary security product that is designed to address the single biggest and most expensive pain point for security operators today: false alarms. Our goal is to help customers improve the accuracy of their existing security systems while reducing operational costs.”Tweet this

The Ouster x Accur8vision solution is capable of monitoring and protecting a wide-variety of environments, including critical infrastructure such as airports, commercial buildings, and residential properties. Incumbent technologies, such as cameras and radar, are not sufficient in complex environments, such as a crowded setting, or where visibility is reduced. Ouster x Accur8vision is designed to enhance existing security systems by providing an added layer of perception that can be used to proactively detect potential threats.

The Ouster x Accur8vision security solution helps operators:

• Reduce the number of false alarms with more accurate, volume-based detection and intruder tracking
• Monitor any custom-sized area with a single detection view across multiple lidar sensors
• Set advanced security controls with unlimited 3D zones and custom priority alarms per zone
• Integrate with existing pan, zoom, and tilt (PTZ) cameras for efficient tracking and recording
• Easily set up a security system without prior lidar knowledge

“Our solution combines Ouster’s high-resolution, reliable digital lidar technology with Hexagon’s industry-leading security expertise,” said Martin Vojtek, Chief Executive Officer of Tacticaware. “Together, we are introducing a revolutionary security product that is designed to address the single biggest and most expensive pain point for security operators today: false alarms. Our goal is to help customers improve the accuracy of their existing security systems while reducing operational costs.”

The global physical security market is projected to reach an estimated $153 billion by 2023, in part driven by a rise in intrusions, terrorism, and other threats¹. Within private organizations, there is a growing interest in leveraging physical security data in other parts of the business, such as to understand occupancy management and people counting. While demand for security solutions has been increasing, government regulations around data privacy, such as the U.S. Facial Recognition and Biometric Technology Moratorium Act, have limited the use of biometric surveillance, such as camera-based security systems. Lidar-based security solutions are uniquely positioned to fill the gap.

“A high-resolution lidar security system is capable of transforming the security market by providing the accurate and comprehensive detection required without infringing on citizens’ privacy,” said Itai Dadon, Vice President of Smart Infrastructure at Ouster. “Performance and reliability are critical for the security market. The versatility of our solution makes it an optimal choice for any security operator, from government to enterprise campuses or even private homes. We expect this collaboration to jumpstart Ouster’s entry into the security market, further diversifying its revenue streams and accelerating the adoption of digital lidar.”

About Hexagon

Hexagon is a global leader in digital reality solutions that combine sensor, software and autonomous technologies. Hexagon is putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications. Its technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future. Tacticaware, a subsidiary of Hexagon, is the manufacturer and producer of the world-known volumetric security system, Accur8vision. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 22,000 employees in 50 countries and net sales of approximately 4.3bn EUR. Learn more at hexagon.com and follow @HexagonAB.

About Ouster

Ouster (NYSE: OUST) is building a safer and more sustainable future through its high-resolution digital lidar sensors for the automotive, industrial, smart infrastructure, and robotics industries. Ouster’s sensors offer an excellent combination of price and performance with the flexibility to span hundreds of use-cases and enable revolutionary autonomy across industries. With a global team and high-volume manufacturing, Ouster supports approximately 600 customers in over 50 countries. Ouster is headquartered in San Francisco, CA with offices in the Americas, Europe, Asia-Pacific, and the Middle East. For more information, visit www.ouster.com, or connect with us on Twitter or LinkedIn.

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