Cepton cancels in-person attendance at CES 2022 due to concerns about evolving Covid situation

SAN JOSE, Calif .– (COMMERCIAL THREAD) – Cepton Technologies, Inc., a Silicon Valley-based lidar innovator, today announced that it has decided to cancel its in-person presence at the upcoming CES 2022 starting January 5^e at 8^e, 2022, due to concerns over increasing cases of the Covid / Omicron variant in the United States

For the safety of its employees, customers and partners, Cepton will put all in-person communications online to share details about its lidar portfolio and discuss its latest developments in intelligent lidar perception, including dynamic and static applications.

In particular, the Cepton team will be available for online meetings to present the Nova and Vista®-X90 lidars, Cepton’s latest automotive-grade lidar sensors tailored to the needs of global automotive OEMs for advanced support systems. new generation driving (ADAS) and autonomous vehicles. driving skills.

Nova was selected this year as the winner of the CES 2022 Innovation Award in the Vehicle Intelligence & Transportation category. It is a revolutionary wide field of view lidar for close range applications. With an extremely compact form factor and a volume price of less than $ 100, it is designed to help minimize perceptual blind spots by providing a full 360 ° view of a vehicle’s immediate surroundings.

Vista-X90 combines long range, high resolution, low cost and manufacturing capability with automotive volumes. A customized version of the Vista-X90 lidar was shortlisted for an ADAS Lidar Serial Production Award from one of the world’s top 5 OEMs, which is the industry’s largest known award to date based on number of vehicle models awarded.

The Cepton team will be able to share more details on the company’s hardware and software roadmap. Please complete this meeting request form to schedule a meeting.

Dr Jun Pei, CEO and Co-Founder of Cepton, said: “Canceling our physical presence at CES 2022 was a difficult decision for us, but the safety of our employees and customers remains our primary concern, and we believe it is the right decision. decision. We have built several very interesting demos for CES to illustrate the importance of lidar in daily mobility. We now look forward to showcasing these innovations digitally and connecting with companies around the world via online meetings to showcase our patented Micro Motion (MMT®) technology, a lidar approach that has been validated by the automotive industry. as part of our major ADAS lidar program. We are also happy to give our customers an overview of our dynamic perception solution. Please contact members of our business development and product marketing team, or complete the meeting request form to schedule an online meeting with us.

Visit the Cepton site and follow Cepton on Twitter and LinkedIn for upcoming online activities.

About Cepton Technologies, Inc.

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

Cepton has received the largest ADAS lidar series production award known in the industry to date, based on the number of vehicle models awarded, by one of the world’s top five automotive OEMs and is engaged with other OEMs among the top ten.

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 the mass market commercialization of high performance lidar solutions and high quality. Cepton is headquartered in San Jose, California, and has a business development center in Troy, Michigan to provide local support to OEMs and the Detroit metro area. Cepton is also present in Germany, Canada, Japan, India and China to serve a rapidly growing global customer base. For more information, visit www.cepton.com and follow us on Twitter and LinkedIn.

On August 4, 2021, Cepton, Growth Capital Acquisition Corp., a Delaware corporation (“GCAC”) (Nasdaq: GCAC), and GCAC Merger Sub Inc., a Delaware corporation and newly formed wholly owned subsidiary of GCAC (“ Fusion Sub “) has entered into a business combination agreement.

About Growth Capital Acquisition Corp.

GCAC is a Delaware Blank Check Company, also commonly known as a Special Purpose Acquisition Company (or SPAC), formed for the purpose of completing a merger, stock exchange, acquisition of assets, purchase of shares, reorganization or similar business combination with one or more businesses or entities in any industry or geographic region. The CCGA is headed by its Co-Directors General, Akis Tsirigakis and George Syllantavos.

Additional information and where to find it

The CCGA has filed with the Securities and Exchange Commission (the “SEC”) the registration statement on Form S-4, filed by the CCGA with the SEC on September 8, 2021 (as may be amended later. , the “Registration Statement”), which contains information about the proposed transaction and the respective activities of Cepton and GCAC. The CCGA will mail a final prospectus and a final proxy statement and other relevant documents after the SEC completes its review. Shareholders of the CCGA are urged to read the preliminary prospectus and proxy circular and their amendments, as well as the final prospectus and definitive proxy circular in connection with the solicitation of proxies for the special meeting to be held to approve the proposed transaction, as these documents will contain important information about GCAC, Cepton and the proposed transaction. The final prospectus and the final proxy circular will be mailed to the shareholders of GCAC on a record date to be established for voting on the proposed transaction. Shareholders of the CCGA will also be able to obtain a free copy of the Management Information Circular, as well as other documents containing information about the CCGA, from the SEC’s website (www.sec.gov) or by calling 1-800-SEC-0330. Copies of the proxy statement and other documents filed by the CCGA with the SEC can also be obtained, free of charge, by directing a request to: Growth Capital Acquisition Corp., 300 Park Avenue , 16th Floor, New York, NY 10022. In addition, all documents filed with the SEC can be found on the CCGA website, www.gcaccorp.com.

Participants in the call for tenders

Cepton and CCGA and their respective directors and officers and other officers and employees may be considered participants in the solicitation of proxies in connection with the proposed business combination. CCGA shareholders and other interested persons may obtain, free of charge, more detailed information regarding the directors and officers of CCGA in the registration statement. Information regarding who may, under SEC rules, be considered participants in the solicitation of proxies from the shareholders of CCGA in connection with the proposed business combination will be included in the proxy circular / the final prospectus that CCGA intends to file with the SEC.

No offer or solicitation

This press release does not constitute a solicitation of any proxy, consent or authorization with respect to any security or with respect to the proposed business combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal before registration. or qualification under securities laws of such jurisdiction. No offer of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.