Cepton Partners with Fabrinet to Deliver Flagship Automotive Lidar Program | New

SAN JOSE, Calif.–(BUSINESS WIRE)–July 20, 2022–

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 electronics manufacturing services, for the production of its Vista®-X90 lidar, which will be deployed in the industry’s largest mass production ADAS lidar program.

This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220720005269/en/

Cepton has selected Fabrinet for the production of its Vista®-X90 lidar, which will be deployed in the industry’s largest ADAS lidar serial production program. © Cepton, Inc. (Photo: Business Wire)

Cepton selected Fabrinet for its deep expertise in advanced optical packaging and precision optical, electromechanical and electronics manufacturing services for the production of high performance proprietary assemblies of its Vista-X90 lidars. Recognized by the world’s most demanding OEMs, Fabrinet is known for supplying high quality complex optical, mechanical and electrical assemblies for optical communications and automotive applications. A strategic move, the partnership furthers Cepton’s goal of making lidar an essential and standard automotive part in everyday consumer vehicles.

Cepton began initial production of Vista-X90 assemblies at Fabrinet’s factory in Chonburi, Thailand, which is automotive qualified with IATF 16949 certification, in September 2021.

The Vista-X90 lidar features Cepton’s patented Micro Motion Technology (MMT), a highly efficient lidar imaging mechanism that enables long-range, high-resolution 3D imaging through a unique, dense scan pattern. Without rotation, mirroring and friction, the MMT was specifically designed to meet the automotive industry’s need for scalable lidar solutions that achieve the right balance of performance, reliability and cost.

In addition to the MMT, the Vista-X90 also features Cepton’s proprietary lidar engine ASICs, designed for optimal lighting control, detection and signal processing. With Fabrinet’s expertise in high-volume optical and optoelectrical manufacturing, Cepton will be able to deliver high-quality, cost-effective assemblies to accelerate production and achieve scalable growth.

“At Cepton, our goal is to be the go-to global supplier of automotive lidar solutions, and working with an OEM-approved and validated manufacturing partner is a crucial part of that effort,” said Dr Jun Pei. , co-founder and co-founder. CEO of Cepton. “Fabrinet has built a strong reputation in the automotive industry for its excellent service and precision manufacturing expertise. We are delighted to be working with Fabrinet to accelerate production of our Vista-X90 lidar, as this partnership is a crucial step towards bringing our lidars to an unprecedented volume of automobiles through our flagship ADAS lidar program.

“We are delighted that Cepton has chosen Fabrinet to manufacture its flagship lidar program,” said Seamus Grady, CEO of Fabrinet. “With our advanced manufacturing capabilities and considerable expertise, Fabrinet is well positioned to support Cepton in ramping up production of its ADAS lidar program. We look forward to continuing our partnership with Cepton in pursuit of their long-term ambitions. »

About Cepton, Inc.

Cepton is a Silicon Valley innovator of lidar-based solutions for automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications. With its patented Micro Motion (MMT®) technology, Cepton aims to make lidar mainstream and achieve a balanced approach to performance, cost and reliability, while enabling scalable and intelligent 3D perception solutions across industries.

Cepton has received the highest known ADAS lidar series production award to date in the industry, based on the number of vehicle models awarded, to support General Motors’ Ultra Cruise program. Cepton is also engaged with all other global Top 10 OEMs.

Founded in 2016 and led by industry veterans with decades of collective experience in a wide range of advanced lidar and imaging technologies, Cepton is focused on mass-marketing high-performance, high-quality lidar solutions. Cepton is headquartered in San Jose, CA with a Center of Excellence in Troy, Michigan to provide local support to automotive customers in the Detroit metro area. Cepton also has a presence in Germany, Canada, Japan, India and China to serve a rapidly growing global customer base. For more information, visit www.cepton.com and follow Cepton on Twitter and LinkedIn.

About Fabrinet

Fabrinet is a leading provider of advanced optical packaging and optical, electromechanical and precision electronics manufacturing services for original equipment manufacturers of complex products, such as optical communication components, modules and subsystems. , automotive components, medical devices, industrial lasers and sensors. Fabrinet offers a wide range of advanced optical and electromechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing. Fabrinet focuses on producing high complexity products in any mix and any volume. Fabrinet has engineering and manufacturing resources and facilities in Thailand, the United States of America, the People’s Republic of China, Israel and the United Kingdom. For more information, visit: www.fabrinet.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220720005269/en/

CONTACT: Cepton Contact:

Media: Faithy Li, [email protected]

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: AUTOMOTIVE TECHNOLOGY MANUFACTURING OTHER TECHNOLOGIES AUTONOMOUS DRIVING/VEHICLES VEHICLE TECHNOLOGY OTHER MANUFACTURING SOFTWARE AUDIO/VIDEO ENGINEERING HARDWARE

SOURCE: Cepton, Inc.

Copyright BusinessWire 2022.

PUBLISHED: 07/20/2022 09:00 / DISK: 07/20/2022 09:03

http://www.businesswire.com/news/home/20220720005269/en

Ryan H. Bowman