Ouster and velodyne achieve guidance and announce combined company board of directors in anticipation of closing of merger of equals

San francisco--( business wire )--ouster, inc. (nyse: oust) (“ouster”), a leading provider of high-resolution digital lidar, and velodyne lidar, inc. (nasdaq: vldr; vldrw) (“velodyne”), a global player in lidar sensors and solutions, announced today the proposed designations for the board of directors of the combined company, subject to approval by the ouster board of directors and closing the proposed merger of equals. the merger is expected to drive significant value creation and result in a stronger financial position through robust product offerings, increased operational efficiencies, ​​and a complementary customer base in fast-growing end-markets.
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