Cepton, Inc. (NASDAQ: CPTN) Continues to Forge Innovative Partnerships to Expand Lidar Applications Across Sectors and Geographies

• As a lidar developer engaged with all Top 10 global automotive OEMs, Cepton is established in the automotive space; but as a technology that allows examination of natural and manmade environments with accuracy and precision, lidar can offer much more
• In addition to its work with leading automotive OEMs, Cepton has been also committed to forging partnerships beyond the automotive sector to improve infrastructure efficiency and safety around the world
• Cepton’s low-cost, high-resolution perception devices that enable scanning of environments have been deployed in projects around the world to transform spaces into smart infrastructure

Often coined as one of the most useful and versatile technologies of our time, lidar use cases go beyond merely enabling driver assistance functions in vehicles – although this is the application the technology is widely known for. As an optical technology that uses infrared light to measure distances, localize objects, or create maps of various areas with accuracy and precision, it can be used in practically any industry, from autonomous driving and logistics to robotics, construction, security, and agriculture, enhancing safety and productivity across a variety of end markets. As a provider of smart 3D-sensing lidar solutions, Cepton (NASDAQ: CPTN) has been collaborating with a number of global partners over the years to bring unique and accurate 3D imaging capabilities of this powerful technology beyond automotive applications to transform spaces into intelligent infrastructure.

Some of the collaborative projects include high-fidelity mapping and smart analytics on the fly for applications such as 3D modeling for building information modeling, historical site mapping, terrain modeling, volumetric mining calculations, power line inspection and forestry mapping (https://ibn.fm/EySVz). Another notable partnership includes security applications in surveillance and facility management, a project where Cepton’s smart lidar was deployed seamlessly with the client’s other sensors to provide a complete image of the monitored space, enabling high-resolution visual capture of the environment and activities within it (https://ibn.fm/tv0WO). In South Africa, Cepton teamed up with partners to enable smart transportation infrastructure in Cape Town by developing vehicle detection solutions deployed across the city (https://ibn.fm/HZAWv).

Vehicle and road safety is at the forefront of modern automotive design, and here, Cepton seeks to take it up a notch again. Instead of just giving drivers an accurate picture of the surrounding environment, Cepton aims to push the current limits to provide an extended field of view for drivers and communicate additional information about road conditions and unseen hazards in real time. Joining forces with its partners committed to building the future of transportation, the company co-developed a system that – true to its name, Periscope – was able to “look around the corner” and warn the driver about five seconds before a pedestrian became visible, providing more time for drivers to react to potentially hazardous situations (https://ibn.fm/ocu4n).

Cepton has also been busy forging partnerships with other leading players across multiple regions – from North America to Europe, Africa and more. For example, Ford has been partnering with Cepton practically since the company’s inception in 2016, both for R&D collaboration and small-scale deployments, where Cepton’s lidars were used in some of Ford’s smart city projects (https://ibn.fm/DBLKE). In the UK, Cepton was part of an innovative project that aimed to help build safer, greener and smarter cities by transforming buses into mobile road inspection tools by equipping them with the tech to create a detailed map of the urban environment (https://ibn.fm/yS80w). Cepton’s most recent partnership lies within America’s tolling infrastructure, as the company scored a contract with one of the largest U.S. tolling system operators. Using Cepton’s Sora lidars, systems are beginning to roll out with high 3D imagery for all vehicles at top speeds in order to provide profiling for traffic congestion and toll leakage (https://ibn.fm/Oxmdd).

The current and future growth in lidar remains exciting, as this technology has the potential to disrupt many traditional industries, leading to higher productivity, safety, and convenience for all end consumers. As lidar deployment continues to advance rapidly, innovators like Cepton will keep forging onwards with new, disruptive applications.

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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