Ouster Inc. (OUST) Soars to 4-Year High on UAS Deal

Ouster Inc. (NASDAQ:OUST) is one of the 10 Stocks With Jaw-Dropping 14-74% Gains.

Ouster Inc. rallied to a new four-year high on Tuesday, as investors took heart from its partnership with a German technology company for the advancement of the latter’s unmanned aircraft system using its digital lidar products.

In intra-day trading, Ouster Inc. (NASDAQ:OUST) jumped to its highest price of $45.40 before trimming gains to end the session just up by 15.31 percent at $42.70 apiece.

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In an updated report on Monday, Ouster Inc. (NASDAQ:OUST) said that it was tapped by Argus Interception GmbH for the incorporation of its digital lidar directly into A1-Falke, a net-based interceptor designed to capture, recover, and secure uncooperative drones. It is expected to optimize the precision and reliability of the net-based intercept process, especially in the decisive near-range phase.

As part of the collaboration, Argus will also explore next-generation interception capabilities with Ouster Inc.’s (NASDAQ:OUST) new Rev8 digital lidar, such as 3D native color sensing and longer-range detection for high-speed applications to bring human-like sight and unmatched situational awareness to automated counter-UAS.

“As rogue drones present increasingly sophisticated threats to critical infrastructure and public safety, precise situational awareness at close range is paramount. By supplying our digital lidar for integration into the A1-Falke, we are providing the high-resolution, low-latency 3D perception required for advanced counter-UAS operations,” Ouster Inc. (NASDAQ:OUST) Chief Revenue Officer Cyrille Jacquemet said.

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