Ouster (OUST) said Thursday it entered an agreement with LASE PeCo to deploy 3D digital lidar technology in Europe.
The multi-million dollar agreement builds on an existing partnership between the companies and will introduce additional sensors and Ouster Gemni perception software licenses to LASE PeCO's European clients, according to a statement.
LASE PeCo will utilize Ouster Gemini across applications like people counting, mobility analytics, and perimeter protection in public spaces and retail environments, the company said.
Shares were up 1.5% in recent trading.
Price: 7.56, Change: +0.13, Percent Change: +1.75
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