Statement On Ouster's Ongoing Enforcement Of Its Patents Against Hesai
Portfolio Pulse from Happy Mohamed
Ouster, Inc. (NYSE:OUST) has issued a statement regarding its ongoing patent infringement case against Hesai Group (NASDAQ:HSAI). The Administrative Law Judge recommended that the investigation be terminated to allow arbitrators time to decide whether Ouster is required to arbitrate based on a prior Settlement Agreement between Velodyne and Hesai. Ouster alleges that Hesai stole its patented technologies and incorporated them into competing products. The case is currently stayed pending the ITC investigation.
August 28, 2023 | 1:01 pm
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NEUTRAL IMPACT
Hesai is facing a patent infringement case filed by Ouster, which could potentially impact its business operations and financial performance. The outcome of the case is uncertain.
The ongoing patent infringement case could potentially impact Hesai's business operations and financial performance. The outcome of the case is uncertain, which could lead to volatility in the company's stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Ouster's ongoing patent infringement case against Hesai could potentially impact its business operations and financial performance. The outcome of the case is uncertain.
The ongoing patent infringement case could potentially impact Ouster's business operations and financial performance. The outcome of the case is uncertain, which could lead to volatility in the company's stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100