Cepton Announces Significant Engineering Contract with Koito [Yahoo! Finance]
Cepton, Inc. (CPTN)
Company Research
Source: Yahoo! Finance
SAN JOSE, Calif., May 13, 2024 BUSINESS WIRE )--Cepton, Inc. ("Cepton" or the "Company") (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, has announced today that it has signed a significant Engineering Services Agreement (the "Agreement") with its long-term automotive Tier 1 partner and current shareholder, KOITO MANUFACTURING CO., LTD. ("Koito") (TSE: 7276) on May 9, 2024. Under the terms of the Agreement, Koito will provide Cepton with a total of $10 million in engineering services fee for the quarter ended June 30, 2024, to support a major global OEM program that Cepton and Koito have recently secured The Agreement will fuel Cepton's customer-specific product development and program execution efforts for its near-range lidar , which is planned to be deployed in the above-mentioned OEM program as well as by multiple other OEM customers to enable Level 4 autonomous driving capabilitie
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News
- Cepton, Inc. Reports First Quarter 2024 ResultsBusiness Wire
- Cepton Announces Significant Engineering Contract with KoitoBusiness Wire
- Cepton Unveils Proprietary End-to-End Lidar Simulator, StudioViz™ [Yahoo! Finance]Yahoo! Finance
- Cepton Unveils Proprietary End-to-End Lidar Simulator, StudioViz™Business Wire
- Cepton, Inc. Announces First Quarter 2024 Earnings Release and Conference Call DateBusiness Wire
CPTN
Earnings
- 5/13/24 - Beat
CPTN
Sec Filings
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- CPTN's page on the SEC website