Ouster Appoints World Automotive Leader Karin Rådström to Board of Directors


Rådström brings over 15 years of commercial automotive experience to Scania and Daimler Truck AG

SAN FRANCISCO, October 13, 2021– (COMMERCIAL THREAD) – Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading supplier of high-resolution digital lidar sensors for the industrial, automotive, infrastructure sectors intelligent and robotics, today announced the appointment of Karin Rådström to its Board of Directors. Rådström brings over 15 years of commercial automotive experience leading the sales and marketing efforts at Scania and Daimler Trucks AG.

This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20211013006057/en/

Karin Rådström, Director of the Board of Directors, Ouster (Photo: Business Wire)

Rådström has been CEO of Mercedes-Benz Trucks and member of the Board of Directors of Daimler Truck AG since February 2021. Prior to joining Daimler Truck AG, she held several management positions within the Scania Group where she most recently held the position of executive vice-president. President and Head of Sales and Marketing. Rådström holds a Masters of Engineering in Industrial Management from the Royal Institute of Technology in Stockholm.

“Ouster consolidates its automotive expertise with the addition of Karin to our board of directors. I think his experience leading international sales and marketing for two of the world’s largest commercial vehicle manufacturers will be of huge benefit to Ouster. as we expand our competitive position within the automotive market, ”said Angus Pacala, CEO of Oster.

“I look forward to joining the Oster Board of Directors and bringing my knowledge and expertise to support the company in its mission to make the world safer and more efficient by bringing digital lidar to the mass market. The future of the consumer and commercial automotive industry will be built on self-driving technology, and I am delighted to advance this technology with Ouster in my new role, ”said Karin Rådström, Board Director of administration of Oster.

For more information on the Oster Board of Directors, visit: https://investors.ouster.com/governance.

About Outer

Ouster (NYSE: OUST) is a leading provider of high-resolution digital lidar sensors for the industrial, smart infrastructure, robotics and automotive industries. Ouster products offer an excellent combination of price and performance and are designed for a set of requirements flexible enough to cover hundreds of use cases and allow revolutionary autonomy in any industry. Ouster has approximately 600 clients in more than 50 countries with offices in the Americas, Europe, Asia-Pacific and the Middle East. For more information visit www.ouster.com, or contact us on Twitter Where 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 Oster’s strategy and positioning. on the market. Forward-looking statements provide Oster’s current expectations and projections regarding its financial condition, competitive position, future results of operations, plans, objectives, orders and future business. 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”, “plan”, “plan”, “intend”, “believe”, “can”, “can” , “Should”, “may 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 we expected, including: Oster’s limited operating history and loss history; bargaining power and product standards of its customers; fluctuations in its operating results; cancellation or postponement of contracts or unsuccessful executions; adoption of its products and the growth of the lidar market in general; its ability to develop r its sales and marketing organization; the substantial research and development costs required to develop and market new products; the competitive environment in which it operates; selection of its products to be included in target markets; its future capital needs; its ability to use tax attributes; its reliance on key third-party suppliers, in particular Benchmark Electronics, Inc., and manufacturers; the ability to maintain inventory and the risk of inventory depreciation; inaccurate forecasts of market growth; its ability to manage growth; customer creditworthiness; risks associated with acquisitions; risks associated with international operations; the risk of product delivery problems or faults; costs associated with product warranties; its ability to maintain competitive average selling prices or high sales volumes or to reduce product costs; conditions in the industries of its customers; its ability to recruit and retain key personnel; its use of professional employers’ organizations; its ability to adequately protect and enforce its intellectual property rights; its ability to respond effectively to changing regulations and standards; risks associated with operating as a public enterprise; the risks associated with the COVID-19 pandemic; and other important factors discussed in the Company’s final prospectus dated August 19, 2021 and in other reports the Company files or provides to the Securities and Exchange Commission. These forward-looking statements represent the estimates and beliefs of management as of the date of this press release. Although Oster may choose to update these forward-looking statements at some time in the future, except as required by law, it disclaims any obligation to do so, even if subsequent events cause its views to change.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211013006057/en/

Contacts

For investors
Sarah ewing
[email protected]

For the media
Heather shapiro
[email protected]



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