Cepton, Inc. (NASDAQ: CPTN) Announces Collaboration with Exwayz, as Lidar is Quickly Becoming an Essential Sensor Technology Within the Robotics Sector

December 12, 2022 08:05:00
  • Autonomous robotics are increasingly being used to automate manual logistics processes
  • In addition to its own software solutions, Cepton collaborates with software provider Exwayz to present a robotic solution for global customers
  • The company recently announced that it will unveil its upcoming next-generation automotive lidar solution, the Vista-X120 Plus, at the forthcoming CES 2023 event in Las Vegas
  • As part of that product launch, Cepton has been recently recognized as a 2023 Innovation Award honoree by CES within the vehicle tech and advanced mobility category

In early June, Amazon unveiled its new fleet of autonomous robots, designed to revolutionize the way that half a million warehouse workers interact on a daily basis. Nicknamed ‘Proteus’, these robots would help automate the movement of large and heavy rolling carts of packages, creating a more efficient and safe process. These actions are traditionally undertaken by workers obliged to manually handle goods through areas where existing robots can’t go. Whilst the technology is part of a long-awaited wave of automation designed to improve productivity and boost safety standards within the logistics industry, it may not have been possible without the employment of the humble lidar sensor (https://ibn.fm/8hpG0).

Although the first presentation of lidar sensors began in the 1960s, it would take until the Apollo 15 mission in 1971 for lidar to become “mainstream” with the technology being used to help map planetary surfaces. Half a century later, Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in…

Read More>>

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

About TinyGems

TinyGems is your guide to the best and brightest in the under-appreciated small-cap sector. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), TinyGems provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. It’s time to uncover some of the best-kept secrets on Wall Street. TinyGems features innovative small-cap companies with huge potential, putting a spotlight on the best and brightest of these disruptors that have the technology, the talent, the drive, and the business models to make a huge impact in the markets and in portfolios. Whether it’s a game changing technology, a new more profitable product or service, or a star in a hot sector, TinyGems is the go-to source for actionable intelligence.

To receive SMS text alerts from TinyGems, text “Gems” to 844-397-5787 (U.S. Mobile Phones Only)

For more information, please visit https://www.TinyGems.net

Please see full terms of use and disclaimers on the TinyGems website applicable to all content provided by TinyGems, wherever published or re-published: https://www.TinyGems.net/Disclaimer

TinyGems
Los Angeles, California
www.TinyGems.net
310.299.1717 Office
[email protected]

TinyGems is part of the InvestorBrandNetwork