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

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