Welcome to our dedicated page for Cepton news (Ticker: CPTN), a resource for investors and traders seeking the latest updates and insights on Cepton stock.
Cepton, Inc. (symbol: CPTN) specializes in providing innovative lidar-based solutions for various markets, including automotive, smart cities, smart spaces, and smart industrial applications. The company's patented MMT-based lidar technology is a cornerstone of its product offerings, ensuring reliable, scalable, and cost-effective solutions that deliver long-range, high-resolution 3D perception for a variety of smart applications.
Core Business: Cepton's core business revolves around its pioneering lidar technology, which is instrumental in enhancing automation and safety. The company's products are integral to the development of autonomous vehicles, advanced driver-assistance systems (ADAS), and smart city infrastructures.
Recent Achievements: Cepton has made significant strides in expanding its market presence and technological capabilities. Recently, the company announced partnerships with leading automotive manufacturers to integrate its lidar technology in next-generation vehicles. Additionally, Cepton's lidar solutions are being adopted in smart city projects to enhance traffic management and public safety.
Current Projects: Cepton is actively involved in projects aimed at advancing autonomous driving technologies. The company is also collaborating with city planners and industrial partners to deploy its lidar systems in smart city and smart industrial applications, aiming to improve efficiency and safety.
Financial Condition: Cepton has shown a robust financial performance with steady revenue growth, driven by increasing demand for its lidar solutions. The company continues to invest in research and development to maintain its competitive edge and expand its product portfolio.
Partnerships and Alliances: Cepton's strategic partnerships with automotive giants and technology firms underscore its commitment to innovation and market expansion. These collaborations enhance the company's ability to deliver cutting-edge solutions that meet the evolving needs of its diverse clientele.
Products: Cepton offers a range of lidar products designed to cater to specific market needs. These include high-precision sensors for vehicles, versatile lidar systems for smart city applications, and robust solutions for industrial automation.
Through its dedication to innovation and excellence, Cepton is poised to continue playing a pivotal role in the advancement of lidar technology and its applications across various sectors.
Cepton, Inc. (NASDAQ: CPTN), a leader in high-performance MMT® lidar solutions, has opened a new corporate office in Troy, Michigan, marking its automotive hub expansion. This move follows its six-year growth and aims to enhance collaborations with top global OEMs, including General Motors. The new facility will support a growing team focused on product development and business initiatives. Cepton is actively hiring in both Detroit and Silicon Valley, with numerous current openings in engineering and program management.
Cepton, Inc. (NASDAQ: CPTN) announced its inclusion in the Russell 3000® index, effective June 27, 2022. This membership enhances visibility among investors and supports its strategic goals, including expanding stakeholder value. The Russell indexes capture the largest U.S. stocks by market cap, with $12 trillion in assets benchmarked against them. CEO Jun Pei highlighted this addition as validation of Cepton's growth and achievements, particularly in winning the largest ADAS series production award, positioning the company favorably in the lidar solutions sector.
Cepton, Inc. (NASDAQ: CPTN) announced its participation in two upcoming virtual investor conferences: the Craig-Hallum 19th Annual Institutional Investor Conference on June 1, 2022, and the Credit Suisse Mobility Forum on June 21, 2022. Cepton's CEO, Dr. Jun Pei, and CFO, Hull Xu, will represent the company at both events. Investors seeking meetings should contact InvestorRelations@cepton.com. Cepton is recognized for its high-performance MMT® lidar solutions, which have gained significant traction in the automotive industry.
Cepton, Inc. (NASDAQ: CPTN) announced that CEO Dr. Jun Pei will speak at TechCrunch’s TC Sessions: Mobility 2022 on May 19 in San Mateo, CA. His session, titled "Breaking the luxury spell: A journey to commercializing safe autonomy for all," will focus on the commercialization of lidar technology and its application in General Motors’ Ultra Cruise program. Dr. Pei emphasizes the importance of lidar for safety in autonomous driving, aiming to make this technology accessible for everyday consumer vehicles. Cepton has secured a significant ADAS lidar production award, establishing its leadership in the industry.
Cepton, Inc. (Nasdaq: CPTN) reported significant business progress and financials for Q1 2022. The company achieved a 239% increase in revenue, totaling $1.5 million. GAAP net income was $41.2 million, translating to $0.36 per share, contrasting with a net loss of $8.4 million in the previous year. Progress includes shipping D-sample units for GM's Ultra Cruise program and engaging with top-10 automotive OEMs. Key milestones were also completed for the Nova lidar solution, enhancing performance and reducing costs.
Cepton will host a free webinar on May 24, 2022, at 10:30 a.m. PT to demonstrate how lidar technology enhances smart infrastructure applications. The event features case studies from partners Vortex IoT and The Indoor Lab, illustrating real-world lidar deployments aimed at improving safety and efficiency. Cepton executives will introduce their MMT®-based lidars, focusing on projects like smart intersections and crowd analytics. Registration for the webinar is available online.
Cepton, Inc. (NASDAQ: CPTN), a leader in high performance MMT® lidar solutions, will announce its first quarter 2022 financial results on May 11, 2022, after market close. A conference call is scheduled for 2:00 PM PT on the same day. Cepton, headquartered in San Jose, CA, has secured the largest known ADAS lidar series production award in the industry for General Motors’ Ultra Cruise program and is engaged with all Top 10 global OEMs. This positions Cepton favorably within the rapidly growing automotive and smart city sectors.
Cepton, a leader in high-performance MMT® lidar solutions, has appointed Paul Anawalt as General Counsel, effective immediately. Anawalt joins from Intel and has over 25 years of experience in business and technology law. Dr. Jun Pei, Co-Founder and CEO, expressed confidence that Anawalt's expertise will enhance Cepton's legal strategy and support commercial success in the growing lidar market. Founded in 2016, Cepton aims to advance lidar technology for automotive, smart cities, and industrial applications, having secured the largest known ADAS lidar production award to date.
Cepton, Inc. (NASDAQ: CPTN) will participate in the BofA Securities Global Automotive Summit on April 13, 2022, at 1:20 p.m. ET. CEO Dr. Jun Pei and CFO Hull Xu are scheduled to present. A live webcast can be accessed here. Cepton is renowned for its MMT® lidar solutions, having achieved the largest known ADAS lidar series production award in the industry for General Motors’ Ultra Cruise program and collaborates with top global automotive OEMs.
Cepton, a leader in high-performance MMT® lidar solutions, has appointed Hull Xu as Chief Financial Officer, effective immediately. Hull succeeds Dr. Winston Fu, who will remain as an advisor and Vice Chairman of the board. Hull brings over 13 years of experience in investment banking and has been pivotal in strategic transactions for Cepton. Dr. Jun Pei, CEO, praised Hull’s leadership and experience, expressing confidence in his ability to further drive Cepton’s growth strategy, especially following the company's award of the largest ADAS lidar series production contract in the industry.
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