NetworkNewsBreaks — Cepton Inc. (NASDAQ: CPTN) V
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Posted On: 08/17/2023 4:07:25 PM
NetworkNewsBreaks — Cepton Inc. (NASDAQ: CPTN) VP of Product Talks Record LiDAR Shipments, Q2 Earnings During Proactive Investors Interview
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, along with its Q2 performance and strategic developments are in the spotlight during a recent Proactive Investors interview. During the interview with Proactive’s Steve Darling, Cepton vice president of product Brunno Moretti provided an overview of the company’s second-quarter performance as well as key operational highlights. Moretti noted that Cepton has achieved a new company record for shipments of LiDAR technology across the automotive and smart infrastructure markets, which indicated the company’s upward momentum; Moretti also explained that the company is projecting a significant increase in shipment volume for each subsequent quarter throughout the remainder of the year and is actively fulfilling a multimillion-dollar tolling contract, which he called “a significant achievement” within Cepton’s portfolio. The two also discussed Cepton’s strategic expansion, particularly in Detroit, where the company has strengthened its team by adding industry expert Luis Gonçalves, formerly associated with General Motors and a veteran in the American automotive sector. “This move is expected to support Cepton’s volume production operations and enhance its market presence,” the announcement stated. “Cepton’s strong 2Q performance, strategic partnerships and expansion efforts underscore its commitment to advancing lidar technology and its applications in the automotive and smart infrastructure sectors.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, along with its Q2 performance and strategic developments are in the spotlight during a recent Proactive Investors interview. During the interview with Proactive’s Steve Darling, Cepton vice president of product Brunno Moretti provided an overview of the company’s second-quarter performance as well as key operational highlights. Moretti noted that Cepton has achieved a new company record for shipments of LiDAR technology across the automotive and smart infrastructure markets, which indicated the company’s upward momentum; Moretti also explained that the company is projecting a significant increase in shipment volume for each subsequent quarter throughout the remainder of the year and is actively fulfilling a multimillion-dollar tolling contract, which he called “a significant achievement” within Cepton’s portfolio. The two also discussed Cepton’s strategic expansion, particularly in Detroit, where the company has strengthened its team by adding industry expert Luis Gonçalves, formerly associated with General Motors and a veteran in the American automotive sector. “This move is expected to support Cepton’s volume production operations and enhance its market presence,” the announcement stated. “Cepton’s strong 2Q performance, strategic partnerships and expansion efforts underscore its commitment to advancing lidar technology and its applications in the automotive and smart infrastructure sectors.”
Please see full terms of use and 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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