Tiny Gem

Cepton, Inc. (NASDAQ: CPTN) Expands Collaboration with NVIDIA, Releases New Financial Update Revealing Progress on Volume Production

  • Cepton integrated Vista-X120 Plus lidar into NVIDIA Omniverse platform to enable real-time simulation and 3D visualization to streamline lidar deployment processes and reduce cost for automakers
  • Vista-X120 Plus features a software-definable ROI, allows users to dynamically adjust and optimize lidar performance and power consumption based on specific scenarios or areas that require additional attention
  • Cepton released a financial update revealing it was on track to receive final production validation for salable vehicles and continue shipment of pre-production lidar units for multiple vehicle models
  • Additional update highlights included completed implementation of embedded lidar software, and execution of RFQ and RFI responses for top OEMs in the consumer vehicles and trucking spaces

The NVIDIA Omniverse platform enables real-time simulation and 3D visualization for metaverse applications by providing a shared virtual environment where users can collaborate to engineer real-world scenarios. Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, recently gave the Omniverse an upgrade by integrating its Vista-X120 Plus lidar into DRIVE Sim, an end-to-end simulation application built on the platform (https://ibn.fm/AXC4l).

Cepton was one of the first companies to demonstrate a 360°-coverage, dual-range lidar simulation that detected long-range obstacles and eliminated near-range blind spots. The addition of the Vista-X120 Plus into the Omniverse builds upon previous integrations to give AV developers access to simulated sensor data for use in developing and testing autonomous driving algorithms, sensors, and software.

“The addition of the Cepton Vista-X120 Plus lidar model to NVIDIA Omniverse provides greater flexibility to AV developers, accelerating technology development and reducing cost.” said Zvi Greenstein, General Manager at NVIDIA.

The Vista-X120 Plus features a software-definable region of interest (“ROI”) that allows users to dynamically adjust and optimize lidar performance and power consumption based on specific scenarios or areas that require additional attention. The model additionally offers specific visualizations based on placement, as was shown in a video demonstrating simulated point clouds generated from a sensor integrated into the vehicle’s roof (https://ibn.fm/Bdxwg).

“As the video demonstrates, our Vista-X120 Plus enables adaptive 3D perception capabilities that can truly help vehicles focus on what matters on the road,” said Dr. Dongyi Liao, Chief Technology Officer at Cepton. “Requirements on a lidar’s range, resolution and power consumption vary across different use cases, for example, highway cruising and navigating a busy neighborhood. With a software-definable ROI, Vista-X120 Plus provides an extremely flexible and versatile solution for assisted and autonomous driving.”

In collaboration with top automotive OEMs, Cepton actively strives to commercialize lidar for mass production of advanced driver assistance systems (“ADAS”). The company recently released a financial update that revealed it was on track to receive final production validation for salable vehicles and that it was continuing shipment of pre-production lidar units for multiple vehicle models (https://ibn.fm/h4CdT). Other highlights from the release included the completed implementation of embedded lidar software, and the execution of RFQ and RFI responses for top OEMs in the consumer vehicles and trucking spaces.

“We started fiscal year 2023 with strong progress on our commercial activities,” said Jun Pei, Cepton’s Co-Founder and CEO. “We are hyper-focused on recent RFQ activity with two top global OEMs. Cepton’s recently announced expanded ASIC chipset will further separate us from our peers and drive lidar adoption in consumer vehicles for automotive series production.”

Cepton additionally advances lidar-based solutions for smart cities, smart spaces, and smart industrial applications. The company aims to leverage its patented technology to take lidar mainstream through a balanced approach to performance, cost, and reliability that enables scalable and intelligent 3D perception solutions across numerous industries.

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

About TinyGems

TinyGems is your guide to the best and brightest in the under-appreciated small-cap sector. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), TinyGems provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. It’s time to uncover some of the best-kept secrets on Wall Street. TinyGems features innovative small-cap companies with huge potential, putting a spotlight on the best and brightest of these disruptors that have the technology, the talent, the drive, and the business models to make a huge impact in the markets and in portfolios. Whether it’s a game changing technology, a new more profitable product or service, or a star in a hot sector, TinyGems is the go-to source for actionable intelligence.

To receive SMS text alerts from TinyGems, text “Gems” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TinyGems.com

Please see full terms of use and disclaimers on the TinyGems website applicable to all content provided by TinyGems, wherever published or re-published: https://www.TinyGems.com/Disclaimer

TinyGems
Los Angeles, California
www.TinyGems.com
310.299.1717 Office
Editor@TinyGems.com

TinyGems is part of the InvestorBrandNetwork

Christian Amiscua

Share
Published by
Christian Amiscua

Recent Posts

LIXTE Biotechnology Holdings Inc. (NASDAQ: LIXT) Focused on Dual Narratives of Scientific Progress, Social Engagement

LIXTE recently announced advances in its approach to cancer therapy through its proprietary compound LB-100 Alongside…

1 day ago

New AI Model Predicts Dementia Risk, Cancer Survival and Brain Age

Mass General Brigham researchers have developed a new AI model that can estimate brain age, assess a patient’s risk of…

3 days ago

Investors React Positively to Meta’s Plan to Increase AI Capex

Investors are responding positively to Meta’s decision to keep increasing artificial intelligence spending, even as fears grow…

5 days ago

LIXTE Biotechnology Holdings Inc. (NASDAQ: LIXT) Aligns Liora and the LiGHT System With LB-100 to Push the Frontier of Cancer Treatment

LIXTE Biotechnology recently acquired Liora Technologies, and the acquisition includes Liora’s proprietary LiGHT system This…

5 days ago

Improving the Odds: How LIXTE Biotechnology Holdings Inc. (NASDAQ: LIXT) Is Working to Make Cancer Therapies More Effective

LIXTE’s lead compound, LB-100, targets PP2A, a central regulator of cancer cell survival and treatment…

1 week ago

Scientists Discover Why Immunotherapy Frequently Fails

Although cancer immunotherapy has transformed treatment for many patients, the promise of effective immunotherapy falls short for many…

1 week ago