Ouster, Inc. shares rise 7.10% intraday after expanding BlueCity traffic management solution to over 100 intersections in Utah.

Ouster, Inc. rose 7.10% in intraday trading, with the company announcing the expansion of its Ouster BlueCity traffic management solution in Utah. This expansion follows a successful initial deployment at over a dozen intersections and involves a contract awarded to Econolite by the Utah Department of Transportation (UDOT). The contract aims to expand the Ouster BlueCity solution to over one hundred intersections across various cities in Utah, including Cedar City, Ogden, Orem, and Salt Lake City.