Ouster, Inc.
(NASDAQ:OUST) stock traded higher Tuesday, following news that mobility operating system leader Econolite won a multimillion-dollar expansion contract from the Utah Department of Transportation (UDOT).
Statewide Intersection Expansion Econolite will deploy Ouster BlueCity traffic management solutions across an additional 160 intersections statewide.
Read Also: Nvidia Isn't the AI Bottleneck Anymore: These 5 Utility Stocks Are the New Trade The new agreement builds on a 2025 contract covering over 100 intersections, bringing UDOT’s total contracted footprint to nearly 300 deployments.
The expansion integrates Ouster’s OS1 Max Rev8 digital lidar sensor.
