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Cepton, Inc. (NASDAQ: CPTN) Remains Committed to Delivering Enhanced Safety for All Drivers; Works with Top 10 Global Automotive OEMs to Commercialize Lidar

  • Evidence suggests that current ADAS solutions relying on cameras for perception are not yet safe enough due to camera’s limited capabilities of providing accurate perception data 24/7
  • In a recent article authored for Forbes, Cepton’s co-founder and CEO Jun Pei calls for widespread adoption of sensor suites that include complementary technologies–including lidar, camera, and radar–that seamlessly work together to enhance safety for drivers
  • Cepton remains committed to deploying lidar in all vehicles with the goal of making the driving experience safer and more efficient for all road participants; expands collaboration with Koito to extend beyond its current OEM series production program

“If consumers fail to understand the current capabilities of automated systems and demand the right combination of technology in the vehicles, they may be risking their own lives,” said Jun Pei, the co-founder and CEO of Cepton (NASDAQ: CPTN), a world-leading lidar provider, in a recent article he authored for Forbes (https://ibn.fm/PHdDX). Highlighting that the debate over the single most effective sensor technology for ADAS may be pointed in the wrong direction, Pei reflected on his confidence that lidar could be an optimal response to the safety needs of drivers, in addition to enabling autonomous driving capabilities. “Instead of arguing over the best single technology, we need to focus on making different technologies seamlessly work together without disrupting the modern car design and cost structure. With complementing technology and redundancy, our cars can more accurately perceive their environment, thus lowering the risk of accidents,” he said.

Tests from the American Automobile Association (“AAA”) revealed that vehicles deploying today’s current ADAS technologies fail to consistently avoid crashes (https://ibn.fm/554uy). It has been known for years that relying on cameras, radars, and software cannot provide enough reliability when it comes to…

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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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