- Lidar provides high-precision 3D imaging that helps enable hands-free driving, autonomous vehicles, smart cities, robotics, and other smart infrastructure applications
- Cepton CEO Dr. Jun Pei, a pioneer who led the development of the revolutionary lidar during his tenure at Velodyne, was one of the first to focus on the ADAS market to bring lidar to the mass market
- Lidar is expected to be a $50B+ market by 2030 and Cepton’s technology will be in select General Motors cars starting next year
- Cepton recently grew its presence in Detroit with a new center of excellence and aims to expand active engagements and initiatives with automotive Tier 1s and OEMs
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is taking its patented Micro Motion Technology (“MMT(R)”) mainstream under the guidance of company CEO and lidar pioneer Dr. Jun Pei.
“When Jun Pei decided to start Cepton five years ago, it was not a surprise to me that he wanted to build lidar in every single vehicle, to make every single driver on the road safer,” said Cepton Vice Chairman Dr. Winston Fu (https://ibn.fm/HVNnm).
Dr. Pei is an optics and electronics entrepreneur and technologist with a Ph.D. in Electrical Engineering from Stanford University. He developed the first optical and acoustical combination technique in semiconductor thin film measurement and holds numerous patents in the field of metrology. Before co-founding Cepton, Dr. Pei established AEP Technology, which developed advanced 3D instruments and pioneered parallel computing in interference microscopy. Prior to his AEP tenure, he was an optics equipment senior scientist at KLA-Tencor and head of an engineering team at Velodyne Lidar where he advanced HDL-64 lidar.
Lidar – a play on the words “light detection and ranging” – uses lasers to generate 3D images, and provides vital information including distance, speed, and dimensions. This enables accurate detection tracking of objects based on real-time data. Emerging lidar applications include Autonomous Vehicles (“AVs”), Advanced Driver Assistance Systems (“ADAS”), traffic and pedestrian monitoring in smart cities, security and facility management, crowd analytics, and various industrial applications.
Cepton offers near-range to ultra-long-range lidar sensors, automotive software, and lidar perception solutions. The company’s patented Micro Motion Technology leverages a mirrorless, rotation-free, and frictionless 3D lidar imaging method, enhanced by proprietary micro-optical modules and integrated Custom Application-Specific Integrated Circuits (“ASICs”) to offer state-of-the-art illumination control and detection (https://ibn.fm/fSgWH).
“Cepton is a fabricated word borrowing from the word perception,” said Dr. Pei in a company presentation video. “C-E-P-T is a part of perception and O-N is the ending of a Latin element, so Cepton really indicates it’s an element of perception.
CPTN’s licensable technology enables seamless high-volume manufacturing in collaboration with the world’s leading OEMs, and the company aims to make its proprietary technology standard in vehicles. ”We thought ADAS in the near future would be the biggest market for lidar, and that’s why we focused all of our company efforts – whether it’s in technology invention or commercial development – into the ADAS industry,” said Dr. Pei in a recent interview with the Financial Times (https://ibn.fm/0ZNYr).
As part of its strategy, Cepton recently opened a new center of excellence in Metro Detroit to expand active engagements and initiatives with original equipment manufacturers (“OEMs”). The company has a long-standing collaboration with Japan-based Tier 1 supplier Koito Manufacturing Co. Ltd. that led to them being awarded the largest ADAS lidar series production award from General Motors (https://ibn.fm/7XKvp).
Cepton has rapidly advanced lidar research and innovation since its inception in 2016. With a dedicated team of researchers and scientists led by Dr. Jun Pei, the company aims to take its patented Micro Motion Technology mainstream, enabling scalable and intelligent 3D perception solutions across multiple major global markets.
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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