- Cepton aims to increase active engagements and initiatives with automotive OEMs with a newly opened office located in Metro Detroit
- CPTN was added as a member to the Russell 3000(R) Index on June 27, 2022
- Cepton is a leading developer of lidar solutions for automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications
- CPTN management aims to make lidar a standard safety feature in the cars of today and the key component in the autonomous vehicles of the future
Cepton (NASDAQ: CPTN) plans to utilize its new corporate office in Metro Detroit (Troy, MI) to widen its growing engagements and initiatives with automotive original equipment manufacturers (“OEMs”) (https://nnw.fm/KMdgx). The Silicon Valley innovator and leader specializes in high-performance Micro Motion Technology (MMT(R)) lidar solutions that enable reliable, scalable, long-range, high-resolution 3D perception for smart applications.
“I’m incredibly proud that our Silicon Valley company, Cepton, has earned Detroit’s trust,” said Dr. Jun Pei, Cepton’s Co-Founder and CEO. “As we continue to expand our engagements with all of the top ten global OEMs, locating our experienced team in Detroit will serve us well. Our expanded footprint will help us reach our goal of making lidar a standard safety feature in the cars of today and the key component in the autonomous vehicles of the future.”
As a result of CPTN’s rapid growth over the last year, the company was recently added to the Russell 3000(R) Index, effective June 27, 2022, as part of its annual reconstitution that roughly captures the 4,000 largest U.S. stocks as of May 6, 2022, ranked by total market capitalization. In addition, inclusion in the Russell 3000(R) Index automatically lists the company in either the large-cap Russell 1000(R) Index or small-cap Russell 2000(R) Index, along with other growth and value style indexes.
“Cepton is excited to be joining the Russell 3000(R) Index as it enables us to expand awareness of our story among the investment community as we continue to execute against our milestones generating long-term stakeholder value,” said Dr. Jun Pei (https://nnw.fm/LPRKW). “At Cepton, our design philosophy and technology enabled us to win the largest ADAS series production award to date, and inclusion in the Russell indexes is another point of validation in our ongoing journey as a public company.”
Since its inception in 2016, Cepton has rapidly advanced lidar research and innovation, earning the company an award to support General Motors’ Ultra Cruise program. As a leading innovator of lidar-based solutions for automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications, Cepton aims to take its patented Micro Motion Technology (MMT(R)) mainstream to enable reliable, scalable, and cost-effective 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://nnw.fm/CPTN
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
No comments:
Post a Comment