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Cepton, Inc. (NASDAQ: CPTN) Sees Lidar’s Uses Expand, Maintaining Accuracy and Safety Above All

  • US traffic-related fatalities touched a 16-year high in 2021, outstripping other major economies across the World
  • The US Collision Industry Conference has forecast crash rates to decline by as much as 20% by 2030 on the back of widespread ADAS adoption
  • Cepton has pioneered the use of lidar, a key sensor technology, across automotive and smart infrastructure applications. In 2019, the company was the recipient of the single largest ADAS lidar series production award with Koito on the General Motors business 
  • Cepton has now seen its lidar technology expand far beyond its initial intended use, ranging from revisioning public venues and commercial buildings to transportation infrastructure in Austria with efforts to improve the real–world traffic data from urban landscapes. 

US traffic-related fatalities soared to a 16-year high in 2021, touching 42,915 deaths. (https://ibn.fm/RR73k). Astonishingly and despite the evolution of modern automotive safety measures in the United States, the nation suffered over double the number of road fatalities relative to the European Union despite having a population numbering over 100 million less than that of the EU. However, and according to the United States’ Collision Industry Conference (“CIC”), vehicular crash rates could decline by as much as 20 percent by 2030 (https://ibn.fm/grdrY) – largely a result of the ongoing development and adoption of advanced driver assistance systems (“ADAS”). 

Long-established OEMs and start-ups alike have invested upwards of $106 billion in autonomous driving capabilities dating back to 2010, (https://ibn.fm/NBz1m) with advanced driver assistance systems – which form the foundation on autonomous driving capabilities, an increasingly ubiquitous presence within today’s vehicles through features such as…

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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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