Hesai Announces Initial Determination from ITC Administrative Law Judge Granting Hesai’s Motion to Terminate Patent Infringement Investigation Brought by Ouster
August 25 2023 - 5:00AM
Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global
leader in three-dimensional light detection and ranging (“LiDAR”)
solutions, today announced positive developments in its patent
infringement lawsuit against Ouster, Inc. (“Ouster”).
On April 11, 2023, Ouster filed a complaint
against Hesai and Hesai Technology Co., Ltd. in the United States
District Court for the District of Delaware for alleged patent
infringement (the “Delaware Action”). At the same time, Ouster
filed a companion complaint at the U.S. International Trade
Commission (the “ITC”), requesting an investigation into Hesai and
its affiliated entities pursuant to Section 337 of the Tariff Act
of 1930 based on substantially similar allegations (the “ITC
Action”). Hesai denies all of Ouster’s allegations and is
vigorously defending its rights.
The Delaware Action is presently stayed. On June
22, 2023, Hesai filed a motion to terminate the ITC Action. In
its motion, Hesai argued that Ouster’s infringement allegations are
barred by a prior settlement and arbitration agreement between
Hesai and Velodyne Lidar, Inc. (the “Settlement Agreement”).
Velodyne and Ouster completed a merger of equals transaction in
February 2023. Hesai argued that, pursuant to the Settlement
Agreement, resolution of the issues should be decided in
arbitration rather than in district court or the ITC.
On August 24, 2023, the presiding Administrative
Law Judge (“ALJ”) issued an order granting Hesai’s motion to
terminate the ITC Action. The order is an initial
determination that is subject to review by the ITC
Commissioners.
Hesai has become the global leader in providing
superior LiDAR technologies to the market and has over 400 granted
patents and over 700 pending patent applications worldwide. Hesai
values and respects valid and enforceable intellectual property
rights and will continue to defend itself against any allegations
that are improper or lack merit.
Innovation and safety are at the heart of
Hesai’s culture. Hesai has more than 700 highly qualified engineers
and staff working in its R&D and manufacturing teams who are
dedicated to developing superior LiDAR products to advance the
safety and performance of driver assisted technologies to save
lives worldwide. As a result of Hesai relentless pursuit of LiDAR
innovation and safety, Hesai has become the global leader in LiDAR
technology solutions, having cumulatively delivered more than
190,000 LiDAR units since inception and more than 87,000 LiDAR
units in the first half of 2023 alone.
About Hesai
Hesai is the global leader in three-dimensional
light detection and ranging (LiDAR) solutions. The Company’s LiDAR
products enable a broad spectrum of applications across passenger
and commercial vehicles with advanced driver assistance systems
(ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's
technology also empowers robotics applications such as last-mile
delivery robots and logistics robots in restricted areas. The
Company’s commercially validated solutions are backed by superior
research and development capabilities across optics, mechanics,
electronics, and software. Hesai integrates LiDAR designs with an
in-house manufacturing process, facilitating rapid product
development while ensuring high performance, consistent quality and
affordability. Hesai has established strong relationships with
leading automotive OEMs, autonomous vehicle, and robotics companies
worldwide, covering over 90 cities in 40 countries as of December
31, 2022.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident,”
“potential,” “continue” or other similar expressions. Among other
things, the business outlook and quotations from management in this
announcement, as well as the Company’s strategic and operational
plans, contain forward-looking statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the “SEC”),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including but not limited to statements about the
Company’s beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company’s goals and strategies; the Company’s future business
development, financial condition and results of operations;
expected changes in the Company’s revenues, costs or expenditures;
the trends in, expected growth and the market size of the ADAS,
autonomous mobility and robotics industries; the market for and
adoption of LiDAR and related technology; the Company’s ability to
produce high-quality products with wide market acceptance; the
success of the Company’s customers in developing and
commercializing products using its solutions, and the market
acceptance of those products; the Company’s ability to introduce
new products that meet its customers’ requirement; the Company’s
expectations regarding the effectiveness of its marketing
initiatives and the relationship with its third-party partners;
competition in the Company’s industry; the Company’s ability to
recruit and retain qualified personnel; relevant government
policies and regulations relating to the Company’s industry; the
Company’s ability to protect its systems and infrastructures from
cyber-attacks; general economic and business conditions globally
and in China; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in the Company’s filings with the SEC. All information
provided in this press release and in the attachments is as of the
date of this press release, and the Company undertakes no
obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please
contact:
In China:Hesai GroupYuanting “YT” Shi, Investor
Relations DirectorEmail: ir@hesaitech.com
Piacente Financial CommunicationsJenny CaiTel:
+86 (10) 6508-0677Email: hesai@tpg-ir.com
In the United States:Piacente Financial
CommunicationsBrandi PiacenteTel: +1-212-481-2050Email:
hesai@tpg-ir.com
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