Cepton Inc. CPTN Archives - Page 7 of 14

FridayDec 02, 2022 1:47 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Taking Lidar Mainstream, Enabling World’s Leading Automotive Companies to Integrate at Scale

Cepton (NASDAQ: CPTN) is a Silicon Valley innovator of lidar-based solutions for autonomous vehicle (“AV”) and advanced driver assistance system (“ADAS”) sectors. “Cepton leads the way in enabling the world’s leading automotive companies to integrate lidar at scale and transition to an increasingly adaptive, safety-centric future. Safety is at the forefront of ADAS/AV technology concerns, and the industry’s success hinges on the availability of perception solutions that accurately identify objects under various conditions… Dr. Jun Pei, CEO and co-founder of Cepton, believes lidar brings unparalleled vehicle perception by ‘seeing’ things in 3D instead of the standard 2D view produced by…

WednesdayNov 30, 2022 9:00 am

Cepton, Inc. (NASDAQ: CPTN) Launches ‘Periscope’ Lidar-Based Sensory System Designed to Increase Pedestrian Safety

70% of total fatalities in urban areas are vulnerable road users As of 2000, a U.S.-based pedestrian was involved in a fatal accident every 81 minutes In conjunction with its technological partners, Cepton has designed a lidar-based road sensor, directed to warn drivers about potential pedestrian activity around a corner 5 seconds before they would otherwise be visible Despite its original intended use as an advanced motion-system tool, the use of lidar technology has far surpassed its original necessities Today, lidar technology is being used within a wide array of initiatives and industries, ranging from security and safety solutions, smart…

WednesdayNov 23, 2022 2:08 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Bridging Gap Between Lidar Concept and Deployment with NVIDIA DRIVE Sim(TM)

Cepton (NASDAQ: CPTN) recently teamed up with NVIDIA to add its lidars into NVIDIA DRIVE Sim(TM) – an end-to-end simulation platform for large-scale, accurate multi-sensor simulation that supports autonomous driving development and validation from concept to deployment. “With this collaboration, Cepton seeks to accelerate the development of lidar solutions for assisted and autonomous driving for global consumers. NVIDIA DRIVE Sim simulations enable automakers and developers to work with Cepton’s lidar models in a virtual environment to identify suitable Cepton lidar sensors for specific application needs and integrate them with other sensor technologies, such as camera and radar. They can prototype…

MondayNov 21, 2022 11:15 am

Cepton, Inc. (NASDAQ: CPTN) to Solidify Its Financial Position With $100 Million Investment from Koito; Forges Ahead Toward Mass-Market Deployment of Its Lidar Technology

Cepton signed binding agreement with established automotive lighting tier 1 supplier Koito for investment of $100 million to bolster its next stage of growth Agreement penned on October 27, 2022, marks the third investment from this long-term automotive Tier 1 partner and existing shareholder since 2020 Lidar market expected to grow rapidly to reach $59 billion by 2030; Cepton appears to continue leading as a prominent figure, as it works toward commercialization and mass market deployment of its lidar sensors Following a previously reported letter of intent from Koito Manufacturing Co., Ltd. (TSE:7276), Cepton (NASDAQ: CPTN) has announced that it…

ThursdayNov 17, 2022 12:12 pm

QualityStocksNewsBreaks — Cepton Inc. (NASDAQ: CPTN) Announces Next-Gen Lidar Product Honor, New Collaboration

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has been recognized for Vista(R)-X120 Plus, its new automotive lidar product. VistaX-120 was named a 2023 honoree in the Vehicle Tech & Advanced Mobility category of the CES Innovation Award program. Cepton plans on unveiling Vista-X120 Plus at CES 2023, which will be held in Las Vegas on Jan. 5-8, 2023. According to the company, the next-generation lidar product features a unique combination of ultra-slim and small-form-factor, top-end performance and real-time adaptive 3D perception. Vista-X120 Plus offers the next level of perception capabilities to “see” finer objects from…

WednesdayNov 09, 2022 10:29 am

QualityStocksNewsBreaks — Cepton Inc. (NASDAQ: CPTN) Reports Financial Numbers, Business Updates for Q3 2022

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is reporting its third-quarter 2022 results. Highlights of the financial report include a 171% increase in product revenue, which totaled $1.8 million, and minimal development revenue coming in at $1.2 million. The company also reported third quarter 2022 GAAP net loss totaled $17.4 million compared to GAAP net loss of $7.9 million in the prior year period with Q3 2022 non-GAAP net loss reaching $13.2 million compared to non-GAAP net loss of $6.6 million in 2021. The report noted that full year 2022 revenue is still expected to…

MondayNov 07, 2022 11:41 am

QualityStocksNewsBreaks — Cepton Technologies Inc. (NASDAQ: CPTN) Partner with Leading Entities to Complete Project Resulting in Enhanced Road Safety

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…

ThursdayNov 03, 2022 12:21 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) to Participate in 13th Craig-Hallum Alpha Select Conference

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 13th Craig-Hallum Alpha Select Conference. The event is slated to be held in New York City on Nov. 17, 2022. Cepton management will be available for group investor or one-on-one meetings throughout the conference. Interested parties should contact InvestorRelations@Cepton.com or their Craig-Hallum representative for related inquiries. To view the full press release, visit https://ibn.fm/8QIlk About Cepton Inc. Cepton is a Silicon Valley innovator of lidar-based solutions…

MondayOct 31, 2022 1:37 pm

QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Secures LOI for up to $100M to Help Fund next Stage of Growth

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and pioneer within high-performance lidar solutions, has rapidly emerged as a leader amongst its peers – deploying its unique capabilities across a host of different environments, ranging from traffic systems in Cape Town, South Africa, to airport terminal monitoring in the U.S. “Cepton’s long-term automotive Tier 1 partner, Koito Manufacturing Co. Ltd., recently revealed that it had provided Cepton with a letter of intent representing an investment of up to $100 million to help fund Cepton’s next stage of growth as it seeks to scale its lidar solutions for mass deployment,” a recent…

ThursdayOct 27, 2022 12:06 pm

QualityStocksNewsBreaks — Cepton Technologies Inc. (NASDAQ: CPTN) Enters $100M Agreement with Koito Manufacturing

Cepton Technologies (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has signed a binding investment agreement with its long-term automotive tier 1 partner and current shareholder, Koito Manufacturing Co. Ltd. The company anticipates using the funds — $100 million — for its next stage of growth as it grows its lidar solutions and looks toward mass deployment. The agreement has been approved by Cepton’s board of directors and calls for Koito to purchase $100 million of convertible preferred stock. According to the announcement, the shares will be convertible, beginning on the first anniversary of the issue date, into…

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