The companies have agreed to incorporate 3D digital lidar sensors into mining equipment to advance autonomous solutions

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 lidar sensors. Ouster sensors include benefits such as zone monitoring and routine firmware updates that continuously improve the performance of the stack and accelerate product development.

Komatsu's autonomous offerings help customers worldwide increase productivity and reduce total cost of ownership while promoting zero harm. Advanced access to Ouster's future products for testing and development provides Komatsu with a strategic partnership, enabling the introduction of equipment with advanced functionality that creates value for customers.

The deal provides a pathway to an upgraded autonomy stack to replace legacy 2D lidar systems with 3D lidar for maximum perception and enhanced vehicle functionality. Komatsu's autonomous solutions will incorporate a mix of long and short-range OS sensors from Ouster's REV7 series to benefit future offerings to provide increased capabilities and intelligence, including improved detection, navigation, and collision avoidance.

"Ouster's products developed through this partnership can withstand the shock, vibration and temperature constraints while delivering the enhanced range and spatial awareness necessary to operate in harsh mining environments," said Matt Reiland, Technical Director, Automation Innovation at Komatsu.

This agreement marks a significant milestone in Komatsu's ongoing journey to advance mining automation and safety. By integrating Ouster's cutting-edge lidar technology into mining equipment, Komatsu reaffirms its commitment to empower customers to operate more efficiently, safely, and sustainably.

About Komatsu

Komatsu develops and supplies technologies, equipment and services for the construction, mining, forklift, industrial and forestry markets. For more than a century, the company has been creating value for its customers through manufacturing and technology innovation, partnering with others to empower a sustainable future where people, business and the planet thrive together. Front-line industries worldwide use Komatsu solutions to develop modern infrastructure, extract fundamental minerals, manage forests, and create consumer products. The company's global service and distributor networks support customer operations to help enhance safety and promote productivity while working to optimize performance. Learn more at www.komatsu.com.

About Ouster

Ouster (Nasdaq: OUST) is a leading global provider of high-resolution 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.