Cepton, Inc. (NASDAQ: CPTN) Announces New COO Appointment; Reveals Attendance at J.P. Morgan Auto Conference

• Dr. Liqun Han has been appointed as Cepton’s COO, having led the Company’s product development, commercialization, and operations teams over the past several years
• The announcement marks a momentous year for the Company, with Cepton recently revealing that it had opened an expanded office within the Metro Detroit area to strengthen its engagements with automotive OEMs
• Cepton attended the J.P. Morgan Auto Conference on August 10, 2022, where they hosted a live presentation for potential investors and other interested parties

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance MMT(R) lidar solutions, announced that they appointed Dr. Han to the position of Chief Operating Officer (“COO”). Dr. Han previously led Cepton’s product development, commercialization, and operational excellence teams since 2016 as Senior Vice President of Operations, and this promotion will accelerate the Company’s efforts in market commercialization and series production readiness. Prior to Cepton, Dr. Han served as Director of Engineering and Technology at KLA-Tencor where he was responsible for core technology innovation and new product introduction. Dr. Han received a Ph.D. in Applied Physics and a M.S. in Electrical Engineering from Stanford University, with a specialty in solid-state electronics and optics.

Dr. Jun Pei, Cepton’s Co-Founder and CEO commented in regards to Dr. Han’s appointment: “As one of Cepton’s founding members and a key contributor to the productization and development of MMT lidars, Dr. Han has demonstrated outstanding leadership in driving operational excellence. Liqun has played a pivotal role in enabling Cepton’s leap from a lidar technology innovator to an OEM-validated provider of lidar solutions in just a few years. As we continue to expand collaboration with leading OEM customers, Tier 1 partners, and manufacturing partners, we look forward to Dr. Han’s continued leadership.”

Originally founded in 2016 with a focus towards manufacturing lidars for scalable applications in ADAS (“Advanced Driver Assistance Systems”) and autonomous driving capabilities in mass-market consumer vehicles, Cepton has rapidly consolidated its position as a key player within its sector. The company was awarded a significant ADAS lidar series production award with Koito on the General Motors business. Cepton additionally revealed that it was currently engaged in discussions with the other top-10 largest automotive OEMs in the world, as well as with four new electric vehicle OEMs. 

In addition, lidar technology has become increasingly important within smart infrastructure given its higher accuracy, 3D imaging capabilities, and versality across a variety of adverse weather and lighting conditions. Lidar also protects user privacy by not generating personally identifiable data making it an ideal solution for high traffic, public areas. In early 2022, Cepton was chosen to enable a lidar-based vehicle detection system in Cape Town, South Africa, with the Company’s technology being utilized to facilitate citywide traffic data collection, analytics, and management.

Cepton announced the opening of its expanded corporate office in Metro Detroit (Troy, MI), with the location set to serve as the Company’s automotive hub as it seeks to further its ongoing engagements with leading OEMs. The new facility will reinforce Cepton’s commitment towards automotive safety, enabling Cepton to work closely with domestic OEMs as a trusted lidar technology partner. 

“I’m incredibly proud that our Silicon Valley company, Cepton, has earned Detroit’s trust,” said Dr. Jun Pei. “As we continue to expand our engagements with 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.”

Lastly, Dr. Jun Pei and Hull Xu, Cepton’s CFO, recently hosted a live presentation at the J.P. Morgan Auto Conference in New York for potential investors and other interested parties.

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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