TinyGemsBreaks — Cepton Inc. (NASDAQ: CPTN) VP of Product Talks Record LiDAR Shipments, Q2 Earnings During Proactive Investors Interview

August 17, 2023 14:54:32

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, along with its Q2 performance and strategic developments are in the spotlight during a recent Proactive Investors interview. During the interview with Proactive’s Steve Darling, Cepton vice president of product Brunno Moretti provided an overview of the company’s second-quarter performance as well as key operational highlights. Moretti noted that Cepton has achieved a new company record for shipments of LiDAR technology across the automotive and smart infrastructure markets, which indicated the company’s upward momentum; Moretti also explained that the company is projecting a significant increase in shipment volume for each subsequent quarter throughout the remainder of the year and is actively fulfilling a multimillion-dollar tolling contract, which he called “a significant achievement” within Cepton’s portfolio. The two also discussed Cepton’s strategic expansion, particularly in Detroit, where the company has strengthened its team by adding industry expert Luis Gonçalves, formerly associated with General Motors and a veteran in the American automotive sector. “This move is expected to support Cepton’s volume production operations and enhance its market presence,” the announcement stated. “Cepton’s strong 2Q performance, strategic partnerships and expansion efforts underscore its commitment to advancing lidar technology and its applications in the automotive and smart infrastructure sectors.”

To view the Proactive interview, visit https://ibn.fm/7Ibtk

To view the full press release, visit https://ibn.fm/36Yjk

About Cepton Inc.

Cepton is a Silicon Valley innovator of lidar-based solutions for automotive (“ADAS/AV”), smart cities, smart spaces and smart industrial applications. With its patented lidar technology, Cepton aims to take lidar mainstream and achieve a balanced approach to performance, cost and reliability, while enabling scalable and intelligent 3D-perception solutions across industries. Cepton has been awarded a significant ADAS lidar series production award with Koito on the General Motors Business. Cepton is also engaged with all top 10 global OEMs. Founded in 2016 and led by industry veterans with decades of collective experience across a wide range of advanced lidar and imaging technologies, Cepton is focused on the mass market commercialization of high-performance, high-quality lidar solutions. Cepton is headquartered in San Jose, California, and has a center of excellence facility in Troy, Michigan, to provide local support to automotive customers in the metro Detroit area. Cepton also has a presence in Germany, Canada, Japan, India and China to serve a fast-growing global customer base. For more information about this company, please visit www.Cepton.com.

NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN

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