Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, was featured in a recent interview with Proactive Investors that covers the company’s second-quarter performance and milestone achievement in setting a new record for shipments of its LiDAR technology, demonstrating its robust momentum in automotive and smart infrastructure sectors. Cepton CFO Hull Xu joined Steve Darling from Proactive to discuss the notable achievement of Cepton, pointing out that the company is poised for a substantial increase in shipment volume in each successive quarter throughout the remainder of the year. He also shared details on Cepton’s active fulfillment of a multi-million tolling contract, which underscores the company’s strong standing in the market. Cepton is on track to meet orders to support original equipment manufacturers’ (“OEM”) start of production by year-end and has successfully delivered to General Motors with support from Koito, a strategic partner. Xu additionally provided insights into Cepton’s Smart Infrastructure division. The company has secured its first production orders for lidar installations in multiple airports throughout the U.S.
To view the full press release, visit https://ibn.fm/66Yu7
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, visit the company’s website at 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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