Ouster Continues its Patent Case Against Hesai in District Court and Seeks to Bar Infringing Products in the United States
October 12 2023 - 4:07PM
Business Wire
Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading
provider of high-performance lidar sensors, issued the following
statement today relating to the Company’s complaint filed with the
U.S International Trade Commission (“ITC”) and the investigation
into the unfair trade practices of Hesai Group (Nasdaq: HSAI) and
related entities (ITC Investigation):
Ouster previously filed its patent infringement case against
Hesai in the United States District Court for the District of
Delaware in April 2023, but this case was stayed pending the
results of a separate ITC investigation filed at the same time. On
October 11, the ITC announced that the investigation is terminated
to allow for arbitration before any ruling was made on the merits
of the patent infringement complaint. As a result, the stay on the
infringement case in Delaware will be lifted and the case will
recommence. Ouster looks forward to expeditiously addressing the
merits of its patent infringement claims in Delaware or through
arbitration. The Company will continue to vigorously enforce its
patents and seeks to bar all infringing products from the United
States in all venues.
“The global lidar industry relies on fair competition, and IP
must be protected,” said Ouster CEO Angus Pacala. “Lidar is a
critical technology used across our nation’s infrastructure from
traffic systems to the vehicles we drive. Critical technology needs
to be trusted technology, and Ouster is dedicated to promoting the
responsible and ethical use of lidar.”
About Ouster
Ouster (NYSE: OUST) is a leading global provider of
high-resolution scanning and solid-state digital lidar sensors,
Velodyne Lidar sensors, and software solutions for the automotive,
industrial, robotics, and smart infrastructure industries. Ouster
is on a mission to build a safer and more sustainable future by
offering affordable, high-performance sensors that drive mass
adoption across a wide variety of applications. 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 Private Securities Litigation Reform Act of
1995. The Company intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking
statements contained in Section 27A of the Securities Act of 1933,
as amended and Section 21E of the Securities Exchange Act of 1934,
as amended. Such statements are based upon current plans, estimates
and expectations of management that are subject to various risks
and uncertainties that could cause actual results to differ
materially from such statements. The inclusion of forward-looking
statements should not be regarded as a representation that such
plans, estimates and expectations will be achieved. Words such as
“anticipate,” “expect,” “project,” “intend,” “believe,” “may,”
“will,” “should,” “plan,” “could,” “may,” “continue,” “target,”
“contemplate,” “estimate,” “forecast,” “guidance,” “predict,”
“possible,” “potential,” “pursue,” “likely,” and the negative of
these terms and similar expressions are intended to identify
forward-looking statements, though not all forward-looking
statements use these words or expressions. All statements, other
than historical facts, including statements regarding Ouster’s
expectations regarding the arbitration of the Company’s dispute
with Hesai Group, the Company’s ongoing patent infringement case in
the United States District Court for the District of Delaware, as
well as Ouster’s ongoing litigation strategy. All forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially from those that we expected,
including, but not limited to, risks related to Ouster’s ability to
adequately protect and enforce its intellectual property rights,
including as relates to Hesai Group; and other important factors
discussed in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022, that are further updated from time to time
in the Company’s other filings with the SEC. Readers are urged to
consider these factors carefully and in the totality of the
circumstances when evaluating these forward-looking statements, and
not to place undue reliance on any of them. Any such
forward-looking statements represent management’s reasonable
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, it disclaims any obligation to do so, other
than as may be required by law, even if subsequent events cause its
views to change.
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