Latest news with #DefenseInnovationUnit
Yahoo
11-06-2025
- Business
- Yahoo
Ouster Digital Lidar Approved by Defense Department for Unmanned Aircraft
Ouster OS1 vetted and approved for Blue UAS by Defense Innovation Unit First NDAA compliant 3D lidar included in the framework for unmanned aerial systems SAN FRANCISCO, June 11, 2025--(BUSINESS WIRE)--Ouster, Inc. (Nasdaq: OUST) ("Ouster" or the "Company"), a global leader in high-performance lidar sensors and intelligent software solutions, powering Physical AI across the automotive, industrial, robotics and smart infrastructure sectors, announced today that its OS1 digital lidar has been vetted and approved by the Department of Defense (DOD) for use in unmanned aerial systems (UAS). Following a review of components and cybersecurity testing, the Defense Innovation Unit approved and added the Ouster OS1 to the Blue UAS Framework. Blue UAS is a holistic and continuous approach that rapidly vets and scales commercial UAS technology for the DOD. The Blue UAS Framework is an approved list of interoperable, National Defense Authorization Act (NDAA) compliant UAS components and software that provide options for government and industry partners. The Ouster OS1 is the first high-resolution 3D lidar sensor approved under the Blue UAS Framework and offers superior performance in weight, power efficiency, and reliability under rugged conditions compared to previously approved 2D lidar solutions. "Ouster is committed to the responsible development of its products and has taken significant steps to secure its supply chain," said Ouster CTO Mark Frichtl. "As a result, our OS1 sensor was officially added to the Blue UAS list, providing drones and other UAS with access to industrial-grade, high-fidelity spatial awareness for advanced perception and autonomous operation. Ouster is proud to be the leading supplier of 3D lidar sensors for U.S. defense applications." Ouster's digital lidar sensors are compliant with the NDAA as affirmed by BlueUAS Framework, making them an ideal choice for applications where supply chain security is paramount. The Company's technology is already deployed in systems used by the United States Army, Navy, National Labs, NASA, and transportation departments, including in drones, ground vehicles, marine vessels, and traffic and security systems. Ouster takes steps to safeguard customer information, is committed to the security and responsible use of its products, and is ISO 27001 certified. Additionally, the Company offers Buy America(n) certified products, reflecting a commitment to domestic manufacturing and sourcing in the United States. For more information on Blue UAS, visit: About Ouster Ouster (Nasdaq: OUST) is a global leader in high-performance lidar sensors and intelligent software solutions, powering Physical AI across the automotive, industrial, robotics, and smart infrastructure sectors. Ouster's technology delivers performance, reliability, and affordability to accelerate the adoption of autonomous systems at scale and drive meaningful improvements in safety, efficiency and sustainability. Ouster is headquartered in San Francisco, CA, with offices in the Americas, Europe, and Asia-Pacific. For more information about our products, visit contact our sales team, or connect with us on X 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 "offer," "expect," "project," "intend," "believe," "may," "will," "should," "plan," "could," "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 statements of historical fact, including statements regarding the capabilities and benefits of Ouster's products, including with respect to the mitigation of supply chain risks and their superiority and reliability under rugged conditions compared to 2D lidar solutions; Ouster's business objectives and plans, market growth, and competitive position, all constitute forward-looking statements. 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 respond to evolving regulations and standards; risks related to the adoption of its products, inaccurate forecasts of market growth, and supply chain constraints; and other important risk factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and updated by the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, once filed, and as may be 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. View source version on Contacts For Investors investors@ For Media press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Oklo Rallies on Seaport Buy Upgrade
Oklo (NYSE:OKLO) jumps 4.8% after Seaport Global upgraded the nuclear tech developer to Buy, citing strong project milestones and leadership enhancements. Seaport's Jeff Campbell set a $71 price target, arguing that Oklo's progress at the Idaho National Laboratory site and new CTO hire Pat Schweiger make it a standout in advanced nuclear. Warning! GuruFocus has detected 2 Warning Sign with OKLO. Oklo has wrapped up its drilling campaign at INL with a memorandum of agreement and an interface agreement with the Department of Energy, while also kicking off the NRC's Phase 1 combined license pre-application readiness assessment. The company has submitted a licensed operator topical report and is gearing up to file its licensing project plan for the Oklo Fuel Foundry, signaling management's confidence in regulatory momentum. Campbell flagged fuel availability as the key variable driving Oklo's upside, and noted the firm's eligibility for Defense Innovation Unit awards under the Advanced Nuclear Power for Installations programproof that Oklo has cleared technical gates and is vying to deploy its 15 MW Aurora microreactor at military bases. The upgrade comes after OKLO's stock surged 148% year-to-date, suggesting that fresh Buy-side conviction could fuel a second wave of gains. Why It Matters: As nuclear microreactors gain traction for remote power and defense use cases, Oklo's regulatory headway and DoE partnerships position it to capitalize on a growing demand for clean, resilient energy. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Oklo Rallies on Seaport Buy Upgrade
Oklo (NYSE:OKLO) jumps 4.8% after Seaport Global upgraded the nuclear tech developer to Buy, citing strong project milestones and leadership enhancements. Seaport's Jeff Campbell set a $71 price target, arguing that Oklo's progress at the Idaho National Laboratory site and new CTO hire Pat Schweiger make it a standout in advanced nuclear. Warning! GuruFocus has detected 2 Warning Sign with OKLO. Oklo has wrapped up its drilling campaign at INL with a memorandum of agreement and an interface agreement with the Department of Energy, while also kicking off the NRC's Phase 1 combined license pre-application readiness assessment. The company has submitted a licensed operator topical report and is gearing up to file its licensing project plan for the Oklo Fuel Foundry, signaling management's confidence in regulatory momentum. Campbell flagged fuel availability as the key variable driving Oklo's upside, and noted the firm's eligibility for Defense Innovation Unit awards under the Advanced Nuclear Power for Installations programproof that Oklo has cleared technical gates and is vying to deploy its 15 MW Aurora microreactor at military bases. The upgrade comes after OKLO's stock surged 148% year-to-date, suggesting that fresh Buy-side conviction could fuel a second wave of gains. Why It Matters: As nuclear microreactors gain traction for remote power and defense use cases, Oklo's regulatory headway and DoE partnerships position it to capitalize on a growing demand for clean, resilient energy. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
05-06-2025
- Business
- Associated Press
Deadline Approaching for Investors of Red Cat Holdings, Inc. (RCAT) - Contact Kaplan Fox Before July 22, 2025
NEW YORK, NY - June 4, 2025 ( NEWMEDIAWIRE ) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Red Cat Holdings, Inc. ('Red Cat' or the 'Company') (NASDAQ: RCAT) on behalf of investors that purchased or otherwise acquired Red Cat securities between March 18, 2022 and January 15, 2025, both dates inclusive (the 'Class Period'). CLICK HERE TO JOIN THE CASE If you are an investor in Red Cat and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (212) 329-8571. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than July 22, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery. According to the complaint, 'Red Cat manufactures drones through its subsidiary Teal Drones, Inc. ('Teal') at a facility located in Salt Lake City, Utah ('Salt Lake Facility'). Throughout 2022, Defendants touted their development of the Salt Lake Facility's capacity to produce 'thousands of drones per month' or 'tens of thousands of drones' per year.' 'In March 2022, Red Cat announced that Teal had been selected by the U.S. Department of Defense's [] Defense Innovation Unit and the U.S. Army to compete in Tranche 2[] of the U.S. Army's Short Range Reconnaissance Program of Record ('SRR Program') . . . Defendants suggested or otherwise asserted that the SRR Program's Tranche 2 contract ('SRR Contract'') was worth potentially hundreds of millions to over a billion dollars in contract revenues.' 'On November 19, 2024, Red Cat issued a press release announcing that it had won the SRR Contract. On a subsequent conference call . . . Defendants continued to assert that the SRR Contract was worth potentially hundreds of millions of dollars, while expressing their confidence that Red Cat could realize up to $50 million to $79.5 million in revenue from the SRR Contract during its fiscal year 2025 alone.' 'Then, on January 16, 2025, Kerrisdale Capital ('Kerrisdale') published a report alleging, inter alia , that Defendants had overstated the value of the SRR Contract, which Kerrisdale found was only worth approximately $20 million to $25 million based on U.S. Army budget documents.' On this news, Red Cat's stock fell $2.35 per share, or 21.54%, over the following two trading sessions, to close at $8.56 per share on January 17, 2025. The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) the Salt Lake City Facility's production capacity, and Defendants' progress in developing the same, was overstated; (ii) the overall value of the SRR Contract was overstated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times. WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at . This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: CONTACT: Jeffrey P. Campisi KAPLAN FOX & KILSHEIMER LLP 800 Third Avenue, 38th Floor New York, New York 10022 (212) 329-8571 [email protected] Laurence D. King KAPLAN FOX & KILSHEIMER LLP 1999 Harrison Street, Suite 1560 Oakland, California 94612 (415) 772-4704 [email protected] Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client. View the original release on
Yahoo
03-06-2025
- Business
- Yahoo
Pentagon prize challenge seeks ‘ready-now' uncrewed systems
In a push to get military kit to the field more quickly, the Defense Innovation Unit is launching a prize challenge called Project G.I. to help the military services test and scale uncrewed systems. DIU on Monday released a solicitation for the effort, calling for companies to proposed 'ready-now' uncrewed systems that can help increase the effectiveness of small military cells operating in low-bandwidth environments with disrupted communications. 'Solutions should fundamentally improve how tactical formations sense, decide and strike, independent of consistent communication or extensive logistical support,' DIU said. DIU is establishing a $20 million prize pool for Project G.I., and the solicitation will stay open through the end of the year on a rolling basis. Companies whose systems are selected will participate in a live demonstration with military operators. Based on user feedback, DIU will choose vendors to move into the next phase where they'll either receive cash prizes to invest in maturing their systems, be awarded procurement contracts to deliver their capabilities to military units for further testing and training or be issued a contract for further prototyping. Speaking Monday at the Special Competitive Studies Project's AI Expo in Washington, D.C., DIU Director Doug Beck said the intent of Project G.I. is to get systems to operators more quickly by testing them in a live operational test environment. The project gives users a chance to 'test, plan and learn' and provide feedback that can be quickly implemented and re-tested, he said. Project G.I. also allows the services to take advantage of DIU's flexible funding and bypass a budget cycle that can take years to wade through. 'DIU is laser focused on getting best-of-breed technology in the hands of the warfighter today and scaling it for training, adoption, and readiness,' Beck said in a statement. 'Doing this at speed will in turn help catalyze the necessary scaling and readiness through major acquisition and training efforts across the services that will deliver strategic impact — and will simultaneously support the flywheel of American private sector dynamism in delivering against that strategic need.' The first Project G.I. demonstration will be with the Army in U.S. Indo-Pacific Command, but Beck said DIU is partnering with the other services as well.
