- Cepton recently revealed that it had recently entered a partnership with Fibre Based Integrations to develop a lidar-based vehicle detection solution, with the goal of furthering Cape Town’s smart transportation infrastructure
- The smart transportation solution ranks amongst one of over 100 projects which Cepton is currently pursuing, for applications of its lidar technology outside of its traditional use within autonomous vehicles
- Separately, the company announced their intention of participating in investor conferences hosted by Cowen and Berenberg in early March 2022, with the goal of updating institutional investors on their ongoing operational highlights
By most standards, Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance MMR(R) lidar solutions, has enjoyed an active start to life listed on the Nasdaq Exchange. Having formally commenced trading on the Nasdaq Capital Market on February 11, 2022, Cepton Inc. has announced a number of recent operational highlights in recent weeks, which include entering a partnership with Fibre Based Integrations to facilitate smart transportation infrastructure in Cape Town, South Africa whilst simultaneously, taking part in a spate of investor conferences in a bid to heighten the company’s profile amongst the institutional investors in attendance.
In early March 2022, Cepton Inc. revealed that it was partnering with Fibre Based Integrations, an established fiber optics systems house, to develop a lidar-based vehicle detection system, aimed at assisting the creation of smart transportation infrastructure within South Africa’s Cape Town. The use of Cepton’s innovative lidar technology will allow the system to provide authorities with analytics designed to improve traffic flow and safety for motorists and pedestrians, alike. Based on this information, system operators will be able to ascertain how a specific intersection or piece of road is being used; more importantly, it also marks a significant diversification for Cepton away from their products’ more traditional use as an automotive sensor technology (https://ibn.fm/D3RPJ).
Originally developed by NASA to measure objects in space (https://ibn.fm/e5q51), lidar technology has been widely acclaimed by the autonomous vehicle sector as a key sensor technology, with Cepton currently in discussion with all of the world’s top-10 automotive OEMs for the supply of their proprietary solution. However, and given the technology’s higher spatial resolution – which allows it to perform better than cameras and radars in various weather and lighting conditions, lidar technology has rapidly become a key enabler for smart city infrastructure solutions the world over.
Josh Goosen, System Engineer at Fibre Based Integrations remarked in relation to the Cepton partnership, “The reason we chose to deploy lidars in our vehicle detection and classification systems is their superior accuracy. We found Cepton lidars to be the best performing and most accurate compared with others we tested, and this has unlocked new possibilities for implementing our smart city solutions with the City of Cape Town.”
Simultaneously, Cepton Inc. also seized on the opportunity to announce that they would be attending investor conferences held by Cowen and Berenberg, respectively with a view towards updating institutional investors on the company’s ongoing operational highlights and investment thesis. In addition, the company also announced that they would be providing investors with a further business update as well as releasing their financial results for the 2021 financial year following the market close on Thursday, March 10, 2022.
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://ibn.fm/CPTN
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