By Doc Louallen
Ouster shares advanced after the company said its new family of lidar sensors meets Build America, Buy America rules, making them eligible for use in federally funded infrastructure projects.
The stock was recently up 14%, at $61.79, mid‑afternoon Tuesday and has nearly tripled year to date.
The company said the Rev8 OS digital lidar sensors' compliance with the U.S. domestic content requirements opens the door for deployments by state and local transportation agencies, engineering firms and system integrators across intelligent-transportation-system, smart-city, transit-network and tolling upgrades funded by the U.S. government.
The compliance also extends to Ouster's BlueCity traffic-management system, according to the company. The system, which features Rev8 technology, offers analytics and alerts with optional native color capabilities, the company said.
"By meeting these domestic manufacturing and sourcing standards, we are making it possible for our customers to leverage federal funding to deploy cutting-edge Physical AI and perception technology on American roadways and transit systems," Chief Executive Angus Pacala said.
Write to Doc Louallen at Doc.Louallen@wsj.com