Cepton, Inc. (NASDAQ: CPTN) Solidifies Its Detroit Presence with New Office in Troy; Poised to Be Integral Part of Latest Auto Trends

• Cepton has opened a new dedicated automotive office in Metro Detroit – a clear sign of its growing relationship with General Motors and the American auto industry
• Company solidifies itself as a key player in lidar; Metro Detroit office serves as automotive hub providing local support to OEM and Tier 1 partners
• Cepton boasts collaboration with Ford, expands its ongoing partnership with Koito Manufacturing, a leading tier-1 automotive lighting supplier, and remains engaged with the top 10 global automakers

“I’m incredibly proud that our Silicon Valley company, Cepton, has earned Detroit’s trust,” said Dr. Jun Pei, Cepton (NASDAQ: CPTN) Co-Founder and CEO, following an announcement that this leader in high-performance MMT(R) lidar solutions opened a newly renovated office in Metro Detroit (Troy, MI) (https://ibn.fm/mm3WC). The 4,800-square-foot office will house the company’s key business functions such as product and program management, business development, application engineering, sales, and corporate marketing. 

Although Cepton has had a presence in Detroit since its inception in 2016, it wasn’t until the company secured the industry’s largest ADAS lidar series production award with General Motors in 2019 that it began renovating and expanding the office. To accommodate the team’s rapid growth following this…

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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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