Cepton, Inc. - CPTN STOCK NEWS

Cepton, Inc. (NASDAQ: CPTN) has announced that Chief Financial Officer Hull Xu will participate in the RBC Capital Markets Global Industrials Conference in Las Vegas, NV on September 13-14, 2022. Cepton is scheduled for a break-out session on September 14 at 9:05 a.m. PT. The company specializes in high performance lidar solutions for automotive, smart cities, and industrial applications, and is recognized for the largest ADAS lidar production award in the industry, engaging with all top 10 global OEMs.

Cepton, Inc. (NASDAQ: CPTN) will showcase its lidar integration solution for automotive headlamps at the IAA Transportation 2022 conference from September 20 to 25, 2022. The demonstration, done in partnership with ZKW Group, features the NOVA lidar system designed to enhance vehicle safety by eliminating perception blind spots. The compact design enables seamless integration into headlamps, showcasing the scalability of Cepton's technology. Cepton aims to advance autonomous mobility while enhancing protection for road users.

Cepton, Inc. (CPTN) reported significant business updates and financial results for Q2 2022, showcasing a 186% year-over-year revenue increase to $2.6 million. The company achieved ASIL-B certification for its lidar engine ASIC, crucial for automotive applications, and expanded its partnership with Koito Manufacturing of Japan. Despite a GAAP net income of $0.8 million, Cepton faced a non-GAAP net loss of $14.5 million, emphasizing ongoing challenges. The full-year revenue outlook remains between $7 million and $9 million, while operating expenses are expected between $55 million and $65 million.

Cepton, Inc. (NASDAQ: CPTN) has appointed Dr. Liqun Han as Chief Operating Officer, a newly created position aimed at enhancing product development and operational efficiency. Dr. Han, who has been with Cepton since 2016, will oversee the company's flagship ADAS lidar program and bolster its presence in automotive and smart infrastructure markets. Under his leadership, Cepton reached significant milestones with leading automakers and expanded its partnerships. The company is focused on scaling production of high-performance lidar solutions to meet growing demand.

Cepton, Inc. (NASDAQ: CPTN), a leader in high-performance MMT® lidar solutions, announced participation in the J.P. Morgan Auto Conference on August 10, 2022. Dr. Jun Pei, CEO, and Hull Xu, CFO, will present at 5:15 p.m. ET. A live webcast will be available for registration here. Cepton, headquartered in Silicon Valley, specializes in lidar technologies for automotive ADAS, smart cities, and industrial applications, aiming for safe and autonomous transport.

Cepton, Inc. (NASDAQ: CPTN) will release its second quarter 2022 financial results on August 8, 2022, after market close. The company, a leader in high-performance MMT® lidar solutions, will host a conference call at 2:30 p.m. PT (5:30 p.m. ET) to discuss the results. Cepton is recognized for its pioneering role in automotive and smart city applications, supported by its recent success in securing the largest ADAS lidar series production award for General Motors’ Ultra Cruise program. For details, visit Cepton's Investor Relations page.

TSLC Corporation, a subsidiary of SemiLEDs (Nasdaq: LEDS), has been selected by Cepton (Nasdaq: CPTN) to manufacture components for its lidar solutions. This designation supports the largest ADAS lidar series production in the industry. TSLC has collaborated with Cepton for two years, validating its manufacturing capabilities for large-scale deployment. TSLC's micro-packaging technology paired with Cepton's precision alignment is expected to enhance roadway safety through improved lidar solutions.

Cepton, a leader in lidar solutions, has partnered with Fabrinet for the production of its Vista-X90 lidar, which is set to support the industry’s largest ADAS lidar series production program. This collaboration leverages Fabrinet's expertise in advanced optical manufacturing, crucial for scaling up production. Cepton aims to make lidar an essential part of consumer vehicles while enhancing its manufacturing capabilities at Fabrinet’s certified facility in Thailand. The Vista-X90 incorporates patented MMT technology for efficient long-range imaging.

Cepton, Inc. (CPTN) and Koito Manufacturing Co., Ltd. (7276) announced plans to enhance their collaboration in lidar technology, focusing on automotive applications.

This partnership, initiated in 2017, aims to expedite lidar adoption and reduce time-to-market for Advanced Driver-Assistance Systems (ADAS).

Both companies are negotiating new commercial terms and seek to target Japanese OEMs, expanding their product offerings beyond existing series production programs.