- Originally designed to map out the meteorology of early weather, lidar sensor technology has powered/enabled a wide range of innovative applications
- The rapid development and adoption of lidar technology is expected to drive the sector to grow to a value of EUR 50 billion per annum
- Cepton, Inc. has been a key beneficiary of sectoral growth, having earlier been awarded the largest ADAS lidar contract by an automotive OEM in history
- The company has also pioneered the usage of lidar technology in alternative applications worldwide, recently collaborating with Fibre Based Integrations to revamp Cape Town’s traffic infrastructure using their proprietary technology
In the early hours of April 9, 2022, a SpaceX Dragon capsule carrying four astronauts docked with the International Space Station (“ISS”), ending an orbital mission, which began the previous morning when the capsule was hurtled into space atop a Falcon 9 rocket. Notably and upon final approach to the ISS, the Dragon capsule deployed its lidar-based technology to complete the docking process – a technology which thus far has been primarily associated with the advent of the autonomous vehicle sector. Cepton (NASDAQ: CPTN), a Silicon Valley innovator and pioneer within high-performance MMT(R) lidar solutions, has rapidly emerged as a leader in its field – deploying its unique capabilities across a host of different environments, ranging from traffic systems in Cape Town to smart railways in Europe and security systems in the U.S.
Originally developed by NASA to measure objects in space (https://ibn.fm/iImji), lidar technology, an acronym short for “light detection and ranging”, is a sensor technology that sends out laser pulses, then measures the time it takes for them to bounce off an object and return. That data is then used to…
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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