Cepton, Inc. (NASDAQ: CPTN) Poised to Become World’s Go-to Lidar Supplier for Auto Industry; Partnership with Fabrinet Marks New Milestone in Pursuit of Leadership

  • Cepton has selected Fabrinet, a leading-edge provider of precision optical, electro-mechanical and electronic manufacturing services, to produce its flagship automotive-grade Vista(R)-X90 lidar
  • Partnership with Fabrinet, known for its advanced manufacturing capabilities and deep precision-manufacturing expertise, allows Cepton to advance on its path toward making lidar an essential part of consumer vehicles
  • This collaboration marks a strategic milestone as it allows Cepton to accelerate production and drive the company’s growth at scale

“At Cepton, our goal is to be the world’s go-to supplier of automotive lidar solutions, and working with an OEM-trusted and validated manufacturing partner is a crucial part of that effort,” said Dr. Jun Pei, Co-founder and CEO of Cepton (NASDAQ: CPTN), a Silicon Valley innovator pioneering state-of-the-art, high-performance MMT(R) lidar solutions (https://ibn.fm/juqG5). In alignment with this grand vision of the future, Cepton has selected Fabrinet (NYSE: FN), a leader specializing in precision optical, electro-optical, sophisticated electronic PCBA, and electro-mechanical process technologies, to produce the company’s flagship automotive-grade Vista(R)-X90 lidar. Trusted by the world’s most demanding original equipment manufacturers (“OEMs”), Fabrinet is known for delivering high-quality complex optical, mechanical, and electrical assemblies across a broad range of markets, including aerospace, automotive, industrial, and laser products (https://ibn.fm/MeRL1).

The Vista(R)-X90 lidar features Cepton’s patented MMT(R) technology (Micro Motion Technology) configured to deliver scalable lidar solutions with a superior balance between performance, reliability, and cost, as well as Cepton’s proprietary lidar engine ASIC, designed for optimal illumination control, detection, and signal processing. Vista(R)-X90 will be deployed in the industry’s largest ADAS lidar series production program with General Motors starting next year. 

As a rapidly emerging frontrunner in its space, Cepton continues to be committed to product leadership validated by world-class customers and partners across key target markets. Cepton’s superior lidar design is intended to achieve a balanced approach to performance, cost, and reliability. In addition, its patent-protected, innovative lidars are among the smallest and most compact for ADAS — ideally designed for OEM implementation and integration. This is where the partnership with Fabrinet steps in to secure the delivery on Cepton’s promise of developing state-of-the-art products while maximizing capital efficiency.

With grand goals for the future, this strategic move marks a significant milestone for Cepton as the partnership could expedite its efforts toward mass-market commercialization of high-performance, high-quality lidar solutions. Collaboration with Fabrinet, which operates engineering and manufacturing facilities in the United States, Thailand, and China, puts the company in a position to deploy its lidars in an unprecedented volume of automobiles through its flagship ADAS lidar program, setting the standard for future wider automotive industry adoption. 

This could have an impact for Cepton beyond delivery on its vision of making lidar an essential part in every vehicle on the road to make driving safer and more convenient. With deep expertise in advanced lidar and imaging technologies and a steadfast focus on delivering a strong track record of commercial success and innovation, Cepton continues to be concentrated on key target markets, among which ADAS constitutes the most compelling opportunity. As a leading provider of advanced precision optical and electronic manufacturing services for some of the most demanding markets, technologies, and business models, Fabrinet makes what appears to be an ideal match for Cepton. Boasting unique competence in its field, Fabrinet maintains its focus on building long-term partnerships with its customers to accelerate their time to market while delivering a true competitive advantage. 

Partnering with this cutting-edge manufacturer means that Cepton would be in a position to leverage Fabrinet’s unique, vertically integrated manufacturing processes and advanced process technologies to ensure unparalleled excellence for automotive products while maintaining a cost advantage throughout a product’s lifecycle. Leveraging Fabrinet’s mastery in high-volume optical and opto-electrical manufacturing for the auto industry, Cepton would be well-placed to offer high-quality and cost-effective assemblies to accelerate production to drive growth at scale. 

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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