Cepton Technologies (NASDAQ: CPTN), a Silicon Valley innovator of high-performance lidar solutions, has joined with two other leading companies to complete a proof-of-concept project confirming that an integrated system has the ability to warn drivers of unseen hazards ahead. The other two companies involved in the project, dubbed Periscope, are ALP.Lab GmbH, an Austria-based technology provider of autonomous vehicle testing solutions, and TE Connectivity, a world leader in sensors and connectors. According to the announcement, Periscope relies on lidar sensors strategically located at intersections to extend a driver’s field of view and alert them about a pedestrian approximately five seconds before the pedestrian is visible. The project combined Cepton’s intelligent 3D lidar perception with ALP.Lab’s expertise in system integration, testing and data analytics, along with TE Connectivity’s vehicle-to-everything (“V2X”) offering. With these key features, Periscope is able to capture and communicate valuable information about road conditions in real time, which could provide additional reaction time to potentially dangerous situations, resulting in enhanced safety. “We are thrilled to announce the successful completion of Periscope, in collaboration with ALP.Lab and TE Connectivity,” said Cepton CEO and cofounder Dr. Jun Pei in the press release. “NHTSA revealed that 6,516 pedestrians were killed in traffic accidents in 2020, and that’s a heartrending figure. We believe proactive safety measures should be taken to protect vulnerable road users, and that’s why we invested our efforts in proving how enhanced intelligence in infrastructure can, in turn, make vehicles smarter and safer. Through the lens of Periscope, we can see that the increased connectivity between vehicles and infrastructure can help keep everyone safe on the road. I believe that is also a crucial step towards preparing our society for the future adoption of fully autonomous driving.”
To view the full press release, visit https://ibn.fm/cpKfP
About Cepton Technologies 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 other 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 the company, 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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