Cepton, Inc. Secures Engineering Services Agreement with Automotive Giant Koito Manufacturing

Proactive - Interviews for investors

Cepton, Inc. Chief Commercial Officer Mitch Hourtienne joined Steve Darling from Proactive to revealed a significant milestone as the company finalized an Engineering Services Agreement with KOITO MANUFACTURING, a renowned automotive Tier 1 partner and existing shareholder. With a legacy dating back to 1915, KOITO is a global leader in automotive lighting, boasting a network of 30 companies across 13 countries. Under the agreement, KOITO will extend $10 million in engineering services to Cepton to bolster the development and execution of a major global OEM program. This collaboration will primarily focus on advancing Cepton's near-range lidar technology, essential for Level 4 autonomous driving capabilities in various on-road and off-road scenarios. The partnership underscores Cepton's commitment to delivering cutting-edge solutions in the autonomous driving space, leveraging KOITO's expertise and resources to accelerate product development and meet the evolving needs of OEM customers worldwide. #proactiveinvestors #ceptoninc #nasdaq #cptn #lidar #atuomotive #MitchHourtienne, #OEMProjects, #EngineeringContract, #LiDARtechnology, #AutonomousVehicles, #CapitalManufacturing, #GlobalOEM, #RevenueGrowth, #TechnologyIntegration, #AutomotiveIndustry, #OriginalEquipmentManufacturer, #ProductDevelopment, #IndustryCollaboration, #RevenueStreams, #TechnologyTrust, #ProjectMonetization, #AdvancedTechnology, #AutomotiveInnovation, #BusinessStrategy #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews