In May 2023, Hesai filed for arbitration to enforce the terms of a prior Settlement Agreement. In response, the ITC terminated its investigation without imposing any conditions or settlement terms. In March of this year, the arbitration tribunal issued a confidential interim decision, finding that Ouster was subject to the Settlement Agreement. As a result, the District Court of Delaware recently dismissed Ouster's patent infringement case without any conditions, financial settlement or injunctive relief imposed. "This marks the end of all existing IP-related actions against us and validates our long-standing efforts to develop and protect our proprietary technologies. We are proud that the strength of our IP portfolio and research and development has withstood legal scrutiny and prevailed," said Yifan "David" Li, Hesai's Co-Founder and CEO. With the largest IP portfolio and biggest R&D team among industry peers by the end of 2024, Hesai continues to lead the sector in innovation.