Cepton Inc. CPTN Archives - Page 6 of 14

FridayJan 20, 2023 10:39 am

QualityStocksNewsBreaks — Cepton Inc. (NASDAQ: CPTN) Completed $100M Koito Manufacturing Investment

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has closed its previously announced $100 million investment with Koito Manufacturing Co. Ltd.; Koito is a long-term automotive Tier 1 partner and current CPTN shareholder. The transaction closed on Jan. 19, 2023, and was in the form of convertible preferred stock. Cepton’s stockholders approved the move at a special meeting held on Jan. 11, 2023. The investment is convertible into shares of Cepton’s common stock at an initial conversion price of $2.585 per share; the conversion date begins on the first anniversary of the issue date. “We’re happy…

WednesdayJan 18, 2023 12:24 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Collaborates to Further Unlock Potential of Its Lidar Technology Across Robotics Applications

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, recently announced that it would be further broadening its technological reach by collaborating with Exwayz to develop novel lidar-based perception solutions for mobile robotics applications. “Exwayz is a developer of plug-and-play perception software designed to enable lidar-based 3D mapping, localization, and re-localization as well as object detection and classification… The venture’s lidar-based solution will provide high-precision 3D data, which can help robotic systems navigate safely and autonomously while enabling operators to easily track their locations, gaining critical insights into how a space is being utilized,” a recent…

ThursdayJan 12, 2023 10:13 am

QualityStocksNewsBreaks — Cepton Inc. (NASDAQ: CPTN) Announces Approval of Preferred Stock Issue by Shareholders

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, reported that its stockholders approved the company’s proposal to issue 100,000 shares of Series A Convertible Preferred Stock to Koito Manufacturing Co. Ltd. The issuance, which would be for $100 million, is based on the terms of an investment agreement between the two companies that was signed on Oct. 27, 2022. According to the announcement, the investment should close on Jan. 19, 2023. Shareholders voted on the proposal during Cepton’s recent special meeting of shareholders, which was held on Jan. 11, 2023. To view the full press release,…

FridayJan 06, 2023 11:13 am

QualityStocksNewsBreaks – Cepton Inc.’s (NASDAQ: CPTN) Vista-X120 Plus Featured in FreightWaves Article

Cepton (NASDAQ: CPTN), a Silicon Valley innovator of high-performance lidar solutions, was featured in a recent article published by FreightWaves. The piece, written by Jack Daleo and titled “Cepton unveils slimmed-down lidar solution,” discusses the Vista-X120 Plus, which offers easy integration at a height of 30 mm. “As the autonomous vehicle industry begins to gather steam, manufacturers of lidar — short for light detection and ranging — are trying to do more with less. Cepton (NASDAQ: CPTN), one of the few publicly traded lidar companies in the U.S., on Tuesday unveiled the Vista-X120 Plus, billed as ‘the world’s slimmest software…

TuesdayJan 03, 2023 2:28 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Unveils New Lidar That Embodies Auto Industry’s Biggest Trends, Next-Gen Innovations

Cepton (NASDAQ: CPTN), a Silicon Valley innovator of high-performance lidar solutions, today announced the unveiling of its groundbreaking new lidar, the Vista(R)-X120 Plus. The world’s slimmest software definable, top-end automotive lidar for real-time adaptive 3D perception, the Vista-X120 Plus embodies the automotive industry’s biggest trends – safety, autonomy, software definability and electrification – and packs Cepton’s next-generation innovations. “The Vista-X120 Plus’ upgraded scanning mechanism enables extremely dense point clouds, while simplifying software algorithms for efficient sensor calibration and dynamic perception,” said Cepton’s CTO and Co-Founder Dr. Mark McCord. “Our proprietary ASIC chip enables optimal signal processing to further maximize lidar…

TuesdayDec 20, 2022 12:07 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) to Participate in 21st Annual J.P. Morgan Tech/Auto Forum

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced that its Chief Executive Officer Dr. Jun Pei and Chief Financial Officer Hull Xu will be participating in the 21st Annual J.P. Morgan Tech/Auto Forum. The forum is slated to take place at the Bellagio Hotel during CES 2023 in Las Vegas, Nevada, on Jan. 5, 2023. Cepton will participate in a fireside chat at the event at 2:20 p.m. PT on Thursday, Jan. 5. Interested parties should visit https://ibn.fm/2Sfvm to view a live audio webcast of the presentation. To view the full press release,…

WednesdayDec 14, 2022 2:02 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Well Funded to Scale Lidar Technology for Mass Deployment

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, recently entered into a binding agreement for a $100 million investment from Koito Manufacturing Co., Ltd., its long-term automotive tier 1 partner and current shareholder. Cepton “intends to use this investment – Koito’s third since 2020 – to fund the company’s next growth stage as it looks to execute its vision to scale lidar technology for mass deployment… Cepton and Koito have had an established history of collaboration, including one that has been crowned with notable success, such as a significant ADAS lidar series production award on…

WednesdayDec 14, 2022 9:45 am

Cepton, Inc. (NASDAQ: CPTN) Remains Committed to Improving Road Safety Through Development of Lidar Solutions for Assisted and Autonomous Driving

Nearly all automotive OEMs have plans to include lidar sensors within their assisted and automated driving platforms Gaining public trust in the ability of vehicles to operate safely while providing automated driving features will be a key milestone for widespread adoption L2+/L3 ADAS is likely to be an enabler as it helps ease the public with broader hands-free functions while maintaining the ability to take over as needed Cepton’s lidar sensors are uniquely positioned to benefit from these core industry growth trends and the Company remains committed to delivering superior driving experiences with added safety and convenience Automotive OEMs have…

MondayDec 12, 2022 9:00 am

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

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…

ThursdayDec 08, 2022 11:09 am

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) to Showcase Innovative Lidar Solutions at CES 2023

Cepton (NASDAQ: CPTN), a Silicon Valley innovator of high-performance lidar solutions, today announced additional details around its plans for the upcoming CES 2023, slated to be held in Las Vegas, Nevada, from Jan. 5-8, 2023. According to the update, Cepton’s booth (No. 5553, LVCC – West Hall) will feature a Chevy Silverado and a Ford F-150 equipped with the company’s latest vehicle integration solutions. “Developing cutting-edge lidar technology is one thing, but making it usable for consumer vehicles is another,” said Cepton’s CEO and Co-Founder Dr. Jun Pei. “Integrating lidars into everyday passenger cars is more challenging than it seems,…

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