Ouster, Inc., a leader in high-performance lidar sensors and intelligent software solutions, has announced a significant contract expansion with Econolite, awarded by the Utah Department of Transportation (UDOT). This contract aims to extend the deployment of the Ouster BlueCity traffic management solution to over 100 intersections across Utah. Building on the success of an initial deployment at over a dozen intersections earlier this year, the expansion will enhance roadway safety and reduce congestion by integrating with UDOT's existing traffic signal systems. The solution employs Ouster's 3D digital lidar and perception software for real-time traffic signal actuation, improving safety and efficiency while maintaining community privacy. This initiative will initially be rolled out in cities including Cedar City, Ogden, Orem, and Salt Lake City.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.