Cepton (NASDAQ: CPTN) is an innovator and leader specializing in high-performance Micro Motion Technology (“MMT(R)”) lidar solutions that enable reliable, scalable, long-range, high-resolution 3D perception for smart applications. The company was recently added to the Russell 3000(R) Index, effective June 27, 2022, following its rapid growth over the last year. According to co-founder and CEO Dr. Jun Pei, the inclusion in the Russell 3000(R) Index enables the company to “expand awareness of our story among the investment community as we continue to execute against our milestones generating long-term stakeholder value.” Meanwhile, the company plans to utilize its new corporate office in Metro Detroit (Troy, Michigan) to widen its growing engagements and initiatives with automotive original equipment manufacturers (“OEMs”). A recent article quotes Dr. Jun Pei saying, “I’m incredibly proud that our Silicon Valley Company, Cepton, has earned Detroit’s trust. As we continue to expand our engagements with all of the top ten global OEMs, locating our experienced team in Detroit will serve us well. Our expanded footprint will help us reach our goal of making lidar a standard safety feature in the cars of today and the key component in the autonomous vehicles of the future.”
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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 Micro Motion Technology (“MMT(R)”), Cepton aims to take lidar mainstream and achieve its vision of safe and autonomous transportation for everyone. Cepton has been awarded the largest known ADAS lidar series production award in the industry to date, based on the number of vehicle models awarded, to support General Motors’ Ultra Cruise program. Cepton is also engaged with all other 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, visit the company’s website at 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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