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Cepton, Inc. (NASDAQ: CPTN) Launches ‘Periscope’ Lidar-Based Sensory System Designed to Increase Pedestrian Safety

November 30, 2022 at 08:05 AM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

70% of total fatalities in urban areas are vulnerable road users
As of 2000, a U.S.-based pedestrian was involved in a fatal accident every 81 minutes
In conjunction with its technological partners, Cepton has designed a lidar-based road sensor, directed to warn drivers about potential pedestrian activity around a corner 5 seconds before they would otherwise be visible
Despite its original intended use as an advanced motion-system tool, the use of lidar technology has far surpassed its original necessities
Today, lidar technology is being used within a wide array of initiatives and industries, ranging from security and safety solutions, smart railways, and traffic control systems in urban metropolises

During the 1970s and 1980s, roadways across the U.S. and western Europe grew safer as the adoption of seatbelts, airbags, and improved vehicle designs became ubiquitous. At the time, the United States could credibly claim to be a global leader in the field of automotive safety – its New Car Assessment Program (“NCAP”), launched in 1983, was the first rating system designed to inform and educate consumers about the crashworthiness of various car models. Today, such rankings have emerged as commonplace around the world. However, it is in another key aspect that the U.S. has failed to keep pace with the rest of the world.

In 2021, as the U.S. hit a 16-year high for road fatalities; Japan and Norway posted the lowest number of road deaths since the 1940’s. That figure is perhaps most stark for pedestrian deaths. In the U.S., this inflated over 40% between 2010-2018, more than twice the pace of any other…

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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