Cepton Inc (CPTN) News

.70 break

No information as to the price drop, no relation to SVB bank failure unless anyone can provide info.

“9:00a ET 2/6/2023 - BusinessWire
Cepton Secures Multi-Million Dollar Lidar Contract from Leading US Highway Tolling System Operator

Cepton, Inc. ("Cepton") (Nasdaq: CPTN), a leader in high performance lidar solutions for the automotive and smart infrastructure markets, announced today that it has won a multi-million dollar sales contract from one of the largest highway tolling system operators in the U.S. ("Customer").

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230206005205/en/

Under the terms of the large-scale contract, Cepton's Sora series lidar sensors will be deployed in the U.S. by the Customer on several major tollways located in the Tri-State area and Northern California. This partnership is expected to be the largest commercial lidar deployment in the tolling sector to date, with potential to scale outside of the U.S. for future projects.

"We're proud to announce our new contract win with one of the largest tolling system operators in the U.S. and contribute to the infrastructure rebuilding initiative," said Dr. Jun Pei, Co-founder and CEO of Cepton. "In addition to superior performance, our Sora lidars were designed using the same auto-grade building blocks that have been validated by OEMs through our flagship automotive lidar program, and are reliable, embeddable, scalable, and energy efficient, which are key advantages for tolling applications."

Cepton's Sora lidars feature industry-leading scanning speed and data rate, enabling very detailed and accurate 3D profiling of vehicles passing at highway speeds. They have been used to modernize tolling infrastructure worldwide by facilitating free-flow, electronic toll collection, significantly reducing traffic congestion and toll leakage.

With tens of millions of vehicles using tollways per year, inaccuracies can result in significant revenue loss, administrative costs and customer dissatisfaction. Compared with ground loops that have been traditionally used to identify vehicle types, gantry-based systems powered by lidar intelligence are much more accurate due to their 3D precision and real-time vehicle classification capabilities. In addition, lidar enables smart analytics to ensure tollways are operating efficiently and error-free. Lidar-enabled gantry-based systems have also become a preferred solution by tolling authorities in recent years because they can be installed and maintained without disrupting lane usage.

Dr. Jun Pei added: "Lidar has tremendous potential to transform the tolling industry, and I am very proud that Cepton has become a pioneer in commercializing lidar with real-world, large-scale deployments. Our multi-million-dollar contract with the Customer is a testament to the high quality and scalability of our lidar solutions, as well as to our commitment to improving everyone's mobility experience across automotive and smart infrastructure applications. I look forward to seeing our lidar solutions serving millions of drivers this year. I am also confident this win, and subsequent deployments, will advance the use of lidar across multiple smart infrastructure sectors."”

One year Williams indicator is a joke for a company making million dollar deals, completely under the radar

Big Tech and CEPT partnerships likely soon:

“LiDAR technology helps devices scan their surroundings. Apple. LiDAR, also known as Light Detection and Ranging, uses lasers to measure the distance, shape, and orientation of 3D objects. LiDAR is becoming increasingly common, appearing in devices like the iPhone 12 Pro, robot vacuums, and self-driving car prototypes.”

+

“9:00a ET 1/3/2023 - BusinessWire
Cepton Unveils World's Slimmest, Software Definable Top-end Lidar, the Vista(R)-X120 Plus”

+

“9:00a ET 11/17/2022 - BusinessWire
Cepton and Exwayz Collaborate on State-of-the-Art Lidar-based Mobile Robotics Solutions”

I would expect big tech to be calling about these innovations, Apple, Google Maps and Tesla. Could be a big year and that explains the bid holding steady and the 100 million investment, people see the potential.

Decode:
Exwayz
X W A->Z
2/4/23 Alphabet

“9:00a ET 1/20/2023 - BusinessWire
Cepton, Inc. Announces Closing of $100 Million Investment from Koito Manufacturing

Cepton, Inc. ("Cepton") (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today the completion of its previously announced $100 million investment (the "Investment") from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. ("Koito") (TSE: 7276) on January 19, 2023. The Investment, in the form of convertible preferred stock, was approved at a special meeting of Cepton stockholders on January 11, 2023, and is convertible, beginning on the first anniversary of the issue date, into shares of Cepton's common stock at an initial conversion price of $2.585 per share.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230120005052/en/

"We're happy to announce the closing of the preferred stock investment as we deepen our partnership with Koito," said Dr. Jun Pei, Cepton's Co-Founder and CEO. "We plan to deploy the additional capital to help fund our next stage of growth, continue series production execution, and expand our collaboration efforts towards winning additional automotive OEM programs."

"We're excited to have completed our third investment in Cepton, which solidifies our commitment to lidar and increasing automotive safety for drivers worldwide," said Mr. Michiaki Kato, Koito's President. "This is an important year for us as we work towards commercialization and scale manufacturing of our lidar products. We have a strong track record with Cepton as a partner and look forward to achieving our mutual goal of becoming the leader within lidar."”

SP can go over 2.585 for one year without dilution from the conversion.

“9:00a ET 1/20/2023 - BusinessWire
Cepton, Inc. Announces Closing of $100 Million Investment from Koito Manufacturing

Cepton, Inc. ("Cepton") (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today the completion of its previously announced $100 million investment (the "Investment") from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. ("Koito") (TSE: 7276) on January 19, 2023. The Investment, in the form of convertible preferred stock, was approved at a special meeting of Cepton stockholders on January 11, 2023, and is convertible, beginning on the first anniversary of the issue date, into shares of Cepton's common stock at an initial conversion price of $2.585 per share.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230120005052/en/

"We're happy to announce the closing of the preferred stock investment as we deepen our partnership with Koito," said Dr. Jun Pei, Cepton's Co-Founder and CEO. "We plan to deploy the additional capital to help fund our next stage of growth, continue series production execution, and expand our collaboration efforts towards winning additional automotive OEM programs."

"We're excited to have completed our third investment in Cepton, which solidifies our commitment to lidar and increasing automotive safety for drivers worldwide," said Mr. Michiaki Kato, Koito's President. "This is an important year for us as we work towards commercialization and scale manufacturing of our lidar products. We have a strong track record with Cepton as a partner and look forward to achieving our mutual goal of becoming the leader within lidar."”

SP can go over 2.585 for one year without dilution from the conversion.

No momo here at all

“8:00a ET 10/17/2022 - BusinessWire
LidarSwiss Deploys Cepton Lidar for High-Fidelity Mapping and Smart Analytics on the Fly

--Visit Booth C3.141 at INTERGEO to see LidarSwiss' Nano P60 system integrated with Cepton's Sora(TM) lidar

Cepton, Inc. ("Cepton") (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced that it is working with LidarSwiss Solutions GmbH ("LidarSwiss") to deploy its lidar technology in a drone-based mapping and analytics solution for infrastructure management and engineering design applications.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221017005375/en/

LidarSwiss is a Switzerland-based provider of high-performance unmanned aerial vehicle (UAV) based lidar solutions. Utilizing Cepton's industry-leading Sora lidar sensor, its Nano P60 system provides high-fidelity mapping and real-time processing on the fly to serve engineers, forestry managers and urban planners across the globe. To date, Nano P60 has been used to map and analyze powerlines, areas for site development, flood plains and highways in over twenty cities in Asia, Europe and Australia.

Nano P60 integrates Cepton's Sora sensor with a high-precision IMU/GNSS unit and high-resolution camera system. Its intelligent controller with LidarSwiss proprietary software automatically combines all raw data to generate high-density, high-precision RGB attributed 3D laser point clouds during flight. With a total weight of 2.1kg, this compact system can be mounted on small drones to produce mapping products such as digital orthophotos, digital elevation models and 3D models, or to interface with a third-party software to enable easy, seamless solutions for all kinds of industry applications, such as digital twins, smart cities and BIM.

"The prominent features of the Nano P60 are its high stability, point density and intelligence," said Robert Kletzli, Founder and CTO of LidarSwiss. "This lidar-enabled system addresses the critical gap of 3D accuracy with traditional camera and stereo imaging technologies. Now, instead of needing two images to see a single point and detect its elevation, Nano P60 utilizes lidar's intrinsic 3D imaging capabilities to achieve maximized efficiency, making real-time processing and analytics possible. Cepton's Sora lidar is among the most compact, lightweight lidar sensors that we have tested and offers an unparalleled combination of high resolution, longer range in the same category and cost efficiency. Its unique lidar architecture allows seamless integration, making Nano P60 a true plug-and-play system with solid-state reliability."

Klaus Wagner, Director of Product Management and Marketing at Cepton, says: "We are proud to be supporting LidarSwiss and its customers with our lidar technology to unlock applications such as 3D modeling for BIM, historical site mapping, terrain modeling for heavy vegetation areas, volumetric calculations for mining, power line inspection and forestry mapping. Our Sora lidar is a one-of-a-kind line scanner that combines high frame rate and long range. Powered by Cepton's proprietary lidar technologies, it is compact, lightweight and rotation-free, making it ideal for small UAV applications."

LidarSwiss will be showcasing its Nano P60 model at INTERGEO, held in Essen, Germany from October 18th to 20th, 2022. Visit LidarSwiss at Booth C3.141 to learn more about its collaboration with Cepton and its comprehensive solution portfolio.”

Good recovery going here

Real deal here? Stock has wild-swings

“9:06a ET 7/20/2022 - Benzinga
Cepton Partners With Fabrinet To Deliver Flagship Automotive Lidar Program

SAN JOSE, Calif.--(BUSINESS WIRE)-- Cepton, Inc. ('Cepton' or the 'Company') (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced that it has selected Fabrinet (NYSE:FN), a leading provider of advanced precision optical and electronic manufacturing services, for the production of its Vista®-X90 lidar, which will be deployed in the industry's largest ADAS lidar series production program.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”

“4:05p ET 8/30/2022 - BusinessWire
Cepton, Inc. Announces New Investment Intent for Up To $100 Million from Koito Manufacturing

Cepton, Inc. ("Cepton") (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced that it has received a non-binding Letter of Intent dated August 29, 2022 ("LOI") for an investment of up to $100 million from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. ("Koito") (TSE: 7276). The proceeds from the proposed investment from Koito, in the form of convertible non-voting preferred stock, would fund Cepton's next stage of growth as it scales its lidar solutions for mass deployment.

Cepton and Koito's long history of collaboration started in 2017 and resulted in the industry's largest known ADAS lidar series production award. This investment would mark Koito's third investment in Cepton since 2020, and is a testament to the success of the collaborations over the past 4 years and a strong commitment by both companies to expanding mass market lidar deployments.

"I am extremely grateful for Koito's ongoing support as a key strategic investor and technology and manufacturing partner, and am excited to have the opportunity to explore Koito's proposed investment. From receiving our ADAS series production design win to becoming a publicly traded company, Koito has been with us throughout our journey, and I look forward to achieving many more milestones together in the years to come," said Dr. Jun Pei, Cepton's Co-Founder and CEO.

"We are delighted to continue our support of Cepton for the long-term success of both Cepton and Koito as we jointly prepare for the mass deployment of lidar solutions. Cepton has been a valued partner of Koito, as represented by our previous capital investments, and we expect our latest proposed investment to help strengthen Cepton's financial position and solidify Koito's commitment in lidar as a crucial component in both automotive and non-automotive applications," said Mr. Michiaki Kato, Koito's President.

Consummation of any such investment would be subject to, among other things, negotiation of key transaction terms, entry into definitive agreements, the approval of Cepton's shareholders and satisfaction of applicable closing conditions.

For more information, please refer to Amendment No. 1 to Koito's Schedule 13D, which was filed by Koito with the United States Securities and Exchange Commission on August 30, 2022.”

Great chance here charts ready low float

“12:14p ET 9/21/2022 - Benzinga
Cepton Adds Lidar Digital Twin To NVIDIA DRIVE Sim, Advancing The Development Of Safe Autonomous Driving Technology

Collaboration enriches NVIDIA DRIVE Sim's library of vehicle, sensor and traffic models for accurate testing and validation
Cutting-edge simulation platform provides true-to-life representation of Cepton lidar applications across various automotive use cases
Users can test multiple Cepton lidars in a high-fidelity virtual setting to accelerate and scale deployment
Cepton, Inc. ("Cepton" or the "Company") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, announced that it is collaborating with NVIDIA to add Cepton lidar models into NVIDIA DRIVE Simâ?¢.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220921005471/en/

DRIVE Sim is an end-to-end simulation platform that enables large-scale, physically based multi-sensor simulation to support the development and validation of autonomous driving.

As a member of the NVIDIA DRIVE Sim ecosystem, Cepton is adding an accurate digital twin of its lidar technology to the platform. These models will help automakers and autonomous vehicle developers accelerate lidar deployment while minimizing real-world test driving.

The Cepton lidar extension offers high-fidelity simulation and visualization of Cepton's state-of-the-art lidar sensors. Cepton is the first lidar partner to provide dual near- and long-range simulation. This capability is simulated and demonstrated in NVIDIA's DRIVE Sim platform. The two-fold detection enables blind spot elimination (near-range Nova lidar) coupled with obstacle detection at highway speeds (long-range Vista-X series), across various true-to-life driving scenarios.

By working with NVIDIA, Cepton aims to expedite the development of lidar-based assisted and autonomous driving functionalities for global customers. DRIVE Sim enables users to easily work with Cepton's lidar models in a virtual setting to prototype a range of sensor integration options, visualize lidar scan patterns in different environments and optimize their sensor configurations with tunable settings such as frame rate, field of view and range of interest.

In addition to helping users identify the right Cepton lidar sensors for their specific application needs, simulation also helps developers integrate Cepton lidars with other sensor modalities, such as camera and radar. Beyond testing and integration, Cepton's lidar models can be used with NVIDIA DRIVE Replicator to generate synthetic datasets for training AI Deep Neural Networks for multi-sensor fusion and AV perception.

"Lidar is essential to autonomous mobility, but deploying lidar at scale entails extensive testing and validation, sometimes in scenarios difficult to access in real life," said Dr. Jun Pei, Cepton's co-founder and CEO. "Simulation plays a significant role in bridging the gap between concept and deployment, and that's why we are thrilled to offer access to simulated models of our lidars on the NVIDIA DRIVE Sim platform.

"With DRIVE Sim's powerful ray-tracing engine, we can build fully configurable, physically accurate models of our entire suite of products. These capabilities will enable developers to be more efficient and build safer products."

Zvi Greenstein, general manager for Simulation at NVIDIA, said: "A rich sensor ecosystem is critical for robust AV development and validation in simulation. With the addition of Cepton sensor models, developers have access to a physically based lidar model that will significantly reduce the need for real- world data collection and testing."

Cepton's patented lidar technology enables an optimal balance between performance, reliability and cost efficiency. Cepton offers a comprehensive portfolio of lidar solutions, including lidar sensors for near-range to ultra-long range and intelligent perception solutions for automotive and smart infrastructure applications. With their compact size and seamlessly embeddable design, Cepton lidars can be integrated in a variety of vehicle locations without disrupting the appearance of modern passenger cars. Multiple simulated lidar integration options will be available as part of Cepton's lidar models on NVIDIA DRIVE Sim.

DRIVE Sim is built on the NVIDIA Omniverse platform for connecting and building custom 3D pipelines, and is architected from the ground up with multi-GPU support for large-scale, multi-sensor simulation. It is open, modular and extensible, leveraging the Omniverse Kit SDK, so developers can build compatible models, 3D content and validation tools. Users can create their own plugins or choose from a rich library of vehicle, sensor and traffic models provided by DRIVE Sim ecosystem partners such as Cepton.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”

Wee

Market cap still 10 times too high.

I parked it at $3. CPTN will make me bank just by waiting and living life! It’s just down too darn far to ignore it. The revenue is enroute. The General Motors connection is enough to get CPTN up nicely. GM likes their tech. GM bought into the vision and abilities in CPTN’s impressive lidar tech. I’m planting my flag here as I plan on harvesting serious gains in CPTN. Love this! Do your own DD before investing obviously. Livin’ on sponge cake. Watchin’ the sun bake…..

$3 Phenomenal entry point. Lidar leaders and GM has expanded the CPTN technology to 9 different models now. Expecting great revenue and growth. Who’s next? Probably many if not ALL auto makers. The time has come. Load it.

They are still selling shares?? Imo??

Oops my bad. Bad math, 90% down from peak?? Lol

Wow 1000% down from its high and 60% down from its ipo, cant believe this is a US company, feels like a scam?? Imo

Lol whats wrong with this company? News again 3 days in a row and down again 3 days in a row? How much more shares are they selling?

Are they seling on news everyday??

Seems like they want $7 as gift lol imo??

these are gift shares. $11 is a steal for future technology however I understand right now everyone is looking for profits and p/e are way misunderstood. Believe this one has a lot more value.

Hmm the news took it down lol??

Going the wrong way??

It sure did fly. I totally missed it. Kickin' myself in the ass.

It may still fly tomorrow.

$CPTN: BOOOOOMMMMMMMMMMMMM.......... from $10 to now $30 !!!!!!!!



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$STJO is next




GO $CPTN