Cepton, Inc. Secures Engineering Services Agreement with Automotive Giant Koito Manufacturing
Cepton, Inc. Secures Engineering Services Agreement with Automotive Giant Koito Manufacturing
–News Direct–
Cepton, Inc. Chief Commercial Officer Mitch Hourtienne joined Steve Darling from Proactive to reveal 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 product 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.
Contact Details
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+1 347-449-0879
View source version on newsdirect.com: https://newsdirect.com/news/cepton-inc-secures-engineering-services-agreement-with-automotive-giant-koito-manufacturing-763610122
Cepton, Inc.
COMTEX_452367971/2655/2024-05-14T14:39:57
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