InvestorWire NewsRoom

Article

Cepton, Inc. (NASDAQ: CPTN) Announces Plans to Boost OEM Initiatives with New Center of Excellence in Detroit and Inclusion in Russell 3000(R) Index
July 1, 2022

Cepton, Inc. (NASDAQ: CPTN) Announces Plans to Boost OEM Initiatives with New Center of Excellence in Detroit and Inclusion in Russell 3000(R) Index

  • 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://ibn.fm/Bpu1g). 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://ibn.fm/0Nb2V). “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://ibn.fm/CPTN

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).