Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has been recognized for Vista(R)-X120 Plus, its new automotive lidar product. VistaX-120 was named a 2023 honoree in the Vehicle Tech & Advanced Mobility category of the CES Innovation Award program. Cepton plans on unveiling Vista-X120 Plus at CES 2023, which will be held in Las Vegas on Jan. 5-8, 2023. According to the company, the next-generation lidar product features a unique combination of ultra-slim and small-form-factor, top-end performance and real-time adaptive 3D perception. Vista-X120 Plus offers the next level of perception capabilities to “see” finer objects from further away than Cepton’s previous products along with automotive-grade reliability, seamless embeddability and cost efficiency. “I am thrilled that Cepton’s innovative technology continues to be recognized at a global level and at events such as CES,” said Cepton cofounder and CEO Dr. Jun Pei. “Vista-X120 Plus is designed for both today’s consumer vehicles as well as the next generation — intelligent, electrified and software defined. As the automotive industry evolves, our lidar innovations never cease to advance. This new product is an extension of Cepton’s vision since 2016, which is building capable, reliable and affordable lidar solutions to enable safe and autonomous transportation for everyone. We can’t wait to introduce Vista-X120 Plus to our customers, partners and visitors at CES 2023.”
In addition, Cepton announced a collaboration with Exwayz to demonstrate a new lidar-based perception solutions for mobile robotics applications. According to the announcement, Exwayz’s plug-and-play perception software enables lidar-based 3D mapping, localization and relocalization, and object detection and classification. Through the partnership, Cepton anticipates enhancing its existing perception solutions and offering new possibilities that streamline the development and demonstration of lidar-integrated robotic systems. “Cepton’s automotive-grade lidar sensors have demonstrated the quality and reliability necessary for mobile robotics solutions,” said Cepton director of product management, marketing and business development Henri Häfner in the press release. “Our core lidar technology enables an optimal combination of high performance, ruggedness and unrivaled embeddability.
We are now pleased to be working with Exwayz to also deploy Cepton’s award-winning Nova Lidar for near-range applications. Nova is designed to address perception blind spots, with its miniature size that’s ideal for smaller unmanned systems.”
About Cepton Inc.
Cepton is a Silicon Valley innovator of lidar-based solutions for automotive (“ADAS/AV”), smart cities, smart spaces and smart industrial applications. With its patented lidar technology, Cepton aims to take lidar mainstream and achieve a balanced approach to performance, cost and reliability, while enabling scalable and intelligent 3D-perception solutions across industries.
Cepton has been awarded a significant ADAS lidar series production award with Koito on the General Motors business. Cepton is also engaged with all other top 10 global OEMs. Founded in 2016 and led by industry veterans with decades of collective experience across a wide range of advanced lidar and imaging technologies, Cepton is focused on the mass market commercialization of high-performance, high-quality lidar solutions. Cepton is headquartered in San Jose, California, and has a center of excellence facility in Troy, Michigan, to provide local support to automotive customers in the metro Detroit area. Cepton also has a presence in Germany, Canada, Japan, India and China to serve a fast-growing global customer base. For more information about this company, please visit 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
MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.