Cepton, Inc. (NASDAQ: CPTN) Furthers Tier 1 Collaboration, Aims to Make Lidar a Standard Feature in Transportation
Jul 18, 2022
- CPTN produces near-range to ultra-long-range lidar sensors, perception solutions, and software for leading OEM manufacturers across the automotive and smart infrastructure markets
- Cepton aims to make lidar standard in every vehicle to enable safe assisted driving and autonomy
- CPTN’s collaboration with Japan-based Koito Manufacturing Co. Ltd. led to ADAS lidar series production award from General Motors
- Cepton lidar sensors to be used in upcoming GM models featuring its Ultra Cruise advanced driver-assist system starting next year
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance MMT(R) lidar solutions, aims to make its proprietary technology standard in all consumer vehicles to support safe and autonomous driving capabilities.
Lidar, an acronym for light detection and ranging, uses lasers to scan environments by emitting light to target objects or surfaces and measuring the time it takes for the reflected light to come back to the receiver. The lidar system can then convert the time it takes into a precise measurement of…
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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