NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) o
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Posted On: 07/07/2022 5:04:01 PM
NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) on Track to Become Leader in Lidar
Cepton (NASDAQ: CPTN) is a developer of lidar sensors for advanced driver assistance systems (“ADAS”) and autonomous driving. “The Silicon Valley-based company made D-sample shipments in Q1 in support of GM’s Ultra Cruise program, which is the final stage before scale production, and is on track to potentially be the world’s first lidar company to have its products found in consumer vehicles,” a recent article reads. “High cost has been one major problem with lidar systems for automakers, reserving it to only high-end models. Cepton has helped address this issue with its MMT(R) (micro-motion technology) lidar system, which was developed with mass-market consumer vehicles in mind and has attracted the attention of top automotive OEMs (original equipment manufacturers) and Koito Manufacturing, a leading tier-1 automotive lighting supplier that has invested $100 million in Cepton… GM has agreed to use Cepton lidar products for its first 9 models that will offer Ultra Cruise in 2023 and 2024, and the companies are collaborating on potential additional models that will be introduced in 2025 and beyond. Cepton is currently engaged with all top 10 automotive OEMs worldwide.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cepton (NASDAQ: CPTN) is a developer of lidar sensors for advanced driver assistance systems (“ADAS”) and autonomous driving. “The Silicon Valley-based company made D-sample shipments in Q1 in support of GM’s Ultra Cruise program, which is the final stage before scale production, and is on track to potentially be the world’s first lidar company to have its products found in consumer vehicles,” a recent article reads. “High cost has been one major problem with lidar systems for automakers, reserving it to only high-end models. Cepton has helped address this issue with its MMT(R) (micro-motion technology) lidar system, which was developed with mass-market consumer vehicles in mind and has attracted the attention of top automotive OEMs (original equipment manufacturers) and Koito Manufacturing, a leading tier-1 automotive lighting supplier that has invested $100 million in Cepton… GM has agreed to use Cepton lidar products for its first 9 models that will offer Ultra Cruise in 2023 and 2024, and the companies are collaborating on potential additional models that will be introduced in 2025 and beyond. Cepton is currently engaged with all top 10 automotive OEMs worldwide.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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