Cepton, Inc.’s (NASDAQ: CPTN) Short-Range Lidar Nova Aims to Eliminate Blind Spots for Autonomous Vehicles; Plans to Exhibit Tech During IAA Transportation Conference

• Cepton, in collaboration with ZKW Group GmbH, plans to showcase its Nova lidar headlamp integration into a ZKW heavy-duty truck headlamp at the IAA Transportation Conference (Sept. 20-25, 2022)
• Nova is an award-winning, miniature, wide field of view, near-range lidar sensor that provides high resolution 3D imaging in a compact form factor 
• Nova integrates seamlessly around vehicles to provide 360-degree perception boosting blind spot detection, which is becoming a mandated vehicle safety feature

The success of autonomous vehicles (“AV”) and advanced driver assistance systems (“ADAS”) hinges on technologies that make 360-degree intelligent perception possible. Cepton (NASDAQ: CPTN), a Silicon Valley innovator of lidar-based solutions for the automotive (“ADAS/AV”) and smart technology spaces, is leading the way with Nova, an award-winning short-range lidar solution that’s lightweight, flexible, energy-efficient, and easy to integrate into passenger and commercial vehicles.

CPTN recently announced the company’s collaboration with ZKW Group GmbH to demonstrate Nova at the upcoming IAA Transportation conference from September 20-25, 2022 (https://ibn.fm/rB5BJ). “We are excited to showcase our collaboration with ZKW at this year’s IAA event,” said Dr. Jun Pei, Cepton’s CEO and co-founder. “ZKW is a leading innovator of automotive lighting technologies and working with the ZKW team allows Cepton to demonstrate how our lidars are optimized for use in everyday vehicles.”

Cepton’s exhibit will demonstrate how Nova helps eliminate blind spots and create a “safety cocoon” around the vehicle by combining high-resolution, superior field of view coverage in all directions. Nova’s super-compact form additionally features flexible options to integrate discretely in various locations around the vehicle to provide complete 360-degree perception that accurately detects objects from every direction, including pedestrians, bicycles, and low-proximity obstacles on the road surface.

“Being able to be seamlessly integrated into locations like headlamps is a key factor of the outstanding scalability of Cepton lidar,” said Dr. Pei. “With that, we aim to bring lidar’s safety benefits to everyone on the road – drivers, passengers, and road users alike – while helping advance the future of autonomous mobility.”

During the IAA Transportation conference exhibit, Nova will be integrated into a heavy-duty truck headlamp provided by ZKW. The headlamp integration solution features sensor protection and a cleaning mechanism that facilitates user maintenance.

“For us as an innovative supplier of premium lighting systems, it is very important to engage with the right technologies,” said Dr. Wilhelm Steger, CEO of the ZKW Group. “That’s why we are constantly on the lookout for competent partners – like here in the field of lidar with Cepton.”

Cepton’s patented lidar technology enables an optimal balance between performance, reliability, and cost efficiency. The company offers a comprehensive portfolio of lidar solutions, including lidar sensors for near to ultra-long-range applications, and intelligent perception solutions that can be applied to smart cities, smart spaces, and smart industrial 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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