Cepton, Inc. (NASDAQ: CPTN) Enables Tier-1 OEMs To Prepare for Safety-Centric Future with Cost-Effective Lidar Integration
Oct 26, 2022
- Automotive industry faces massive disruption led by adoption of emission reduction mandates, software-centric driving systems, and ADAS/AV technology
- Entering execution phase of higher levels of ADAS and AV technology with several OEMs preparing to build fully or near-fully autonomous vehicles ready for public roads
- Lidar complements camera-based perception technology by “seeing” things in 3D rather than 2D
- Cepton is taking lidar mainstream by engaging with leading global automotive OEMs to cost-effectively deploy lidar at scale
The automotive industry has faced massive disruption in the last few years, led primarily by the adoption of emission reduction mandates, software-centric driving systems, and autonomous vehicle (“AV”) and advanced driver assistance system (“ADAS”) technology. As a result, OEMs have redefined their business models to incorporate new products, adapt to growing vehicle safety concerns, and address increased consumer demand for a superior driving experience.
Following decades of research and development, the industry is finally entering the execution phase of higher levels of ADAS and AV technology as OEMs prepare to build fully or near-fully autonomous vehicles ready for public roads. Cepton (NASDAQ: CPTN), a Silicon Valley innovator of…
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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