Ouster Introduces Chronos: The Best-in-Class Automotive Digital Lidar Chip
March 10 2022 - 8:45AM
Business Wire
The Chronos chip will drive improved
performance and power efficiency in Ouster Automotive's DF series,
the first solid-state digital lidar for mass production
vehicles
Ouster, Inc. (NYSE: OUST) (“Ouster” or “the Company”), a leading
provider of high-resolution digital lidar sensors, today announced
the introduction of the Chronos chip, an automotive-grade, fully
custom digital lidar silicon receiver that will power its DF
solid-state sensor suite. The state-of-the-art Chronos chip is the
foundation of the DF architecture and enables Ouster to deliver
more performant, power efficient, and compact digital lidar sensors
that enable L2 to L5 automation in high-volume automotive series
production vehicles.
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Ouster's automotive-grade Chronos chip
will power its Digital Flash (DF) series. (Graphic: Business
Wire)
The Chronos chip harnesses Ouster’s proprietary digital lidar
architecture and some of the latest advancements in semiconductor
technology. This design allows Ouster’s DF sensors to benefit from
the same dramatic performance improvements that made the digital
camera ubiquitous across industries. With superior logic and
performance capabilities, the Chronos chip delivers improved
memory, dynamic range, and detection accuracy. Ouster expects the
Chronos chip to be the most powerful SPAD-based lidar chip produced
to date, reiterating the Company’s leading edge in digital lidar
semiconductors and systems.
As the backbone of Ouster’s DF series sensors for automotive
series production programs, the Chronos chip is designed to meet
ASIL-B automotive functional safety requirements according to ISO
26262 and AEC-Q100 automotive qualifications. Ouster intends to
tapeout the Chronos chip in late 2022, and to integrate the chips
into the first sample units in 2023. Ouster expects the DF series
to be available for mass-market passenger vehicles starting
production in 2025.
“Unlike lidar technologies which require the complex integration
of numerous off-the-shelf components, our proprietary and
cutting-edge digital lidar technology produces simple and powerful
sensors that automotive OEMs can trust to achieve new levels of
safety and autonomy,” said Iain Levy, VP of Ouster Automotive.
“Ouster Automotive's Chronos chip represents the latest in SPAD
technology, making our solid-state digital lidar sensors highly
performant, reliable, power efficient, compact, and easily
manufacturable.”
“Since Ouster’s inception, we knew that digital VCSEL/SPAD
technology would be the future of lidar and usher in a new era of
autonomy across our four industry verticals. We consistently
leapfrog current performance with each chip tapeout for our OS
sensors, and we are on track to do the same with our DF sensors,”
said Mark Frichtl, Ouster’s Chief Technology Officer. “We believe
our DF sensors powered by the new Chronos chip will be a major
catalyst for growth over the coming years, and position us for
automotive production program wins.”
About Ouster
Ouster (NYSE: OUST) is building a safer and more sustainable
future through its high-resolution digital lidar sensors for the
automotive, industrial, smart infrastructure, and robotics
industries. Ouster’s sensors offer an excellent combination of
price and performance with the flexibility to span hundreds of
use-cases and enable revolutionary autonomy across industries. With
a global team and high-volume manufacturing, Ouster supports
approximately 600 customers in over 50 countries. Ouster is
headquartered in San Francisco, CA with offices in the Americas,
Europe, Asia-Pacific, and the Middle East. For more information,
visit www.ouster.com, or connect with us on Twitter or
LinkedIn.
Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding Ouster’s financial outlook, market
positioning, and anticipated results. Forward-looking statements
give Ouster’s current expectations and projections relating to its
financial condition, competitive position, results of operations,
plans, objectives, future performance and growth, potential revenue
opportunity from Strategic Customer Agreements, including the
potential for doubling performance and revenue in 2022, future
orders, total addressable market, and business. Any statements
regarding the doubling of the Company’s contracted revenue
opportunity do not speak to expectations for any periods beyond
2022. You can identify forward-looking statements by the fact that
they do not relate strictly to historical or current facts. These
statements may include words such as “anticipate,” “estimate,”
“expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,”
“should,” “can have,” “likely” and other words and terms of similar
meaning in connection with any discussion of the timing or nature
of future operating or financial performance or other events. All
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially from those that
we expected, including: Ouster’s limited operating history and
history of losses; the negotiating power and product standards of
its customers; fluctuations in its operating results; cancellation
or postponement of contracts or unsuccessful implementations; the
adoption of its products and the growth of the lidar market
generally; its ability to grow its sales and marketing
organization; substantial research and development costs needed to
develop and commercialize new products; the competitive environment
in which it operates; selection of our products for inclusion in
target markets; its future capital needs; its ability to use tax
attributes; its dependence on key third party suppliers, in
particular Benchmark Electronics, Inc., and manufacturers; ability
to maintain inventory and the risk of inventory write-downs;
inaccurate forecasts of market growth; its ability to manage
growth; the creditworthiness of our customers; risks related to
acquisitions; risks related to international operations; risks of
product delivery problems or defects; costs associated with product
warranties; its ability to keep its competitive edge and maintain
competitive average selling prices or high sales volumes or reduce
product costs; conditions in its customers industries; its ability
to recruit and retain key personnel; its use of professional
employer organizations; its ability to timely and adequately
protect and enforce its intellectual property rights; its ability
to effectively respond to evolving regulations and standards; risks
related to operating as a public company; risks related to the
COVID-19 pandemic; and other important factors discussed in the
Company’s final prospectus and definitive proxy statement, dated
February 12, 2021, filed with the Securities and Exchange
Commission (the “SEC”), as updated by the factors disclosed in the
section titled “Risk Factors” in its final prospectus filed with
the SEC and dated August 19, 2021 and in Form 10-K filed with the
SEC on February 28, 2022. Any such forward-looking statements
represent management’s estimates and beliefs as of the date of this
press release. While Ouster may elect to update such
forward-looking statements at some point in the future, other than
as required by law, it disclaims any obligation to do so, even if
subsequent events cause its views to change.
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For Investors Sarah Ewing investors@ouster.io
For Media Heather Shapiro press@ouster.io
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