BALYO Selects Ouster’s Digital Lidar for Its Robotic Forklifts
May 17 2021 - 4:15PM
Business Wire
Ouster’s 3D digital lidar will replace legacy
2D sensors to enable higher levels of autonomy
Regulatory News:
BALYO (FR0013258399, Ticker: BALYO, eligible for PEA-PME
savings schemes), a technological leader in the design and
development of innovative robotic solutions for material handling
trucks, today announced that it has signed a strategic customer
agreement with Ouster, Inc. (“Ouster”) (NYSE:OUST), a leading
provider of high-resolution digital lidar sensors for the
industrial automation, smart infrastructure, robotics, and
automotive industries, to deploy Ouster’s 3D digital lidar on its
robotic forklifts.
As part of the multi-year agreement, Ouster will supply its OS0
ultra-wide view sensor to BALYO. The upgrade from legacy 2D lidar
sensors to Ouster’s 3D digital lidar is expected to enhance
existing capabilities and add new functionality, including: 3D
localization in complex surroundings, smart and auto-rearming 3D
software safety to effectively create a safety “bubble” around the
robotic forklifts, navigation on routes and circuits, energy
efficiency, and remote monitoring.
“BALYO chose to work with Ouster due to benefits from the wide
field of view and high resolution of its OS0 sensor, as well as a
high level of reliability that justified our investment in
increased levels of autonomy that will bring additional value to
our innovative solutions and our clients,” said Pascal Rialland,
BALYO’s Chief Executive Officer.
There are currently millions of forklifts deployed around the
world. Still, less than 1% of pallets are moved by intelligent
machines today, leaving open a large market opportunity for
autonomous forklifts to drive increased safety and efficiency. By
switching to Ouster’s 3D digital lidar, BALYO plans to further
improve its autonomous forklifts so they can safely and efficiently
operate anytime, anywhere with minimal human oversight.
“BALYO epitomizes a trend we see across our customer base in
which a company that started using 2D lidar for basic automation
upgrades to 3D digital lidar to add more sophisticated automation
features, providing a powerful return on investment,” said Angus
Pacala, Ouster’s Chief Executive Officer. “We are excited to
work with them as they continue to deploy more robots, which will
improve the efficiency and accuracy of routine operations while
working side-by-side with humans.”
General meeting: May, 20 2021. Next financial
release: first half 2021 sales revenue on July 22, 2021.
About BALYO Humans around the World deserve enriching,
creative jobs. At BALYO, we believe that pallet movements in DC and
manufacturing sites should be left to fully autonomous robots. To
execute this ambition, BALYO transforms standard forklifts into
intelligent robots thanks to its breakthrough Driven by Balyo™
technology. Our leading geo guidance navigation system enables
robots to locate their position and navigate autonomously inside
buildings - without the need for any additional infrastructure. To
accelerate the material handling market conversion to autonomy,
BALYO has entered into two global partnerships with KION (Linde
Material Handling's parent company) and Hyster-Yale Group. A full
range of globally available robots has been developed for virtually
all traditional warehousing applications; Tractor, Pallet,
Stackers, Reach and VNA-robots. BALYO and its subsidiaries in
Boston and Singapore serve clients in the Americas, Europe and
Asia-Pacific. The company has been listed on EURONEXT since 2017
and its sales revenue reached €21.7 million in 2020. For more
information, visit https://www.balyo.com/
About Ouster Ouster (NYSE:OUST) invented its digital
lidar in 2015 and is a leading manufacturer of high-resolution
digital lidar sensors used throughout the industrial automation,
smart infrastructure, robotics, and automotive industries. Ouster’s
sensors are reliable, compact, affordable and highly customizable,
laying the foundation for digital lidar ubiquity across endless
applications and industries. Already hundreds of customers have
incorporated Ouster lidar sensors in current products or those in
development for imminent commercial release. For more information,
visit www.ouster.com, or connect with us on Twitter or
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20210517005816/en/
BALYO Frank Chuffart investors@balyo.com
NewCap Financial Communication and Investor Relations
Thomas Grojean / Louis-Victor Delouvrier +33 1 44 71 98 53
balyo@newcap.eu
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