Cepton (NASDAQ: CPTN) Partners with The Indoor Lab to Expand Lidar-Based AI Analytics at TPA

November 8, 2023 11:50:36

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is expanding its lidar technology presence at the Tampa International Airport (“TPA”). Cepton has partnered with The Indoor Lab, which deploys groundbreaking lidar-based artificial intelligence (“AI”) analytics at the airport. According to the announcement, the partnership is pioneering a first-of-its-kind, lidar-based AI analytics at TPA, which is designed to elevate safety and efficiency 24/7 in both indoor and outdoor environments. The two companies are working to break new ground with products and services that enable a safer, more productive environment from the moment a passenger gets dropped off at the airport to going through security, including boarding the plane and finally taking off. Cepton’s lidar uses eye-safe, invisible light to scan an area without relying on external lighting sources, improving almost every aspect of airport operations, including staffing optimization, cleanliness maintenance, concession-line management, TSA wait-time management and terminal safety. “The Indoor Lab is at the forefront of lidar technology adoption in airport settings,” said Cepton senior vice president of product and commercial operations Brunno Moretti in the press release. “Since 2019, Cepton and the Indoor Lab have been working closely to make air travel safer and more enjoyable for worldwide passengers. We are thrilled to expand the implementation of our lidar technology to cover both indoor and outdoor applications at Tampa International Airport. We believe lidar as a privacy-compliant sensor technology will transform the future of smart spaces.”

To view the full press release, visit https://ibn.fm/eA3Ex

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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