Cepton, Inc. Proclaims Chief Monetary Officer Transition | sUAS Information

Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and chief in high-performance MMT® lidar options, right now introduced the appointment of Hull Xu, the Firm’s Vice President of Finance and Technique, to the place of Chief Monetary Officer, efficient right now. Mr. Xu will succeed Dr. Winston Fu, Ph.D., who will stay with the Firm as an advisor on strategic tasks. Dr. Fu may even stay on the board of administrators and develop into Vice Chairman.

Mr. Xu is a seasoned funding banker and electrical engineer by coaching. He has suggested many private and non-private expertise firms on capital markets and strategic transactions throughout his 13-year tenure on the Royal Financial institution of Canada and at Barclays Funding Financial institution. As Vice President of Finance and Technique at Cepton, Mr. Xu led the merger transaction between Cepton Applied sciences, Inc. and Progress Capital Acquisition Corp, presently referred to as Cepton, Inc. Mr. Xu holds an M.B.A. from the Haas Faculty of Enterprise on the College of California, Berkeley, an M.S. in Electrical Engineering from Stanford College and a B.S. in Electrical Engineering from the College of California, Davis.

Dr. Jun Pei, Cepton’s Co-Founder, Chairman and CEO, stated: “Hull has demonstrated great management and expertise in finance and strategic issues since he joined Cepton. We look ahead to Hull’s continued contribution as he takes on the expanded position of CFO. We additionally thank Winston for his many contributions and look ahead to persevering with our work collectively on strategic tasks. We are going to profit from Winston’s steerage and expertise as a member of Cepton’s board.”

Hull Xu stated: “I’m grateful for the chance to steer the finance and accounting organizations of Cepton and thrilled to assist drive Cepton’s development technique. Cepton has the largest sequence manufacturing award within the lidar business to this point, and I’m excited be a part of Cepton’s journey that can form the complete lidar business.”

Dr. Winston Fu stated: “Hull is an instance of the nice workforce members that Dr. Pei has interested in Cepton. I’ve been lucky to have labored with Dr. Pei, Mr. Xu and the exemplary workforce because the Sequence A financing in 2016, and I’m very happy to proceed my dedication to assist Cepton prolong our management place in lidar and allow protected and autonomous transportation for everybody.”

About Cepton, Inc.

Cepton is a Silicon Valley innovator of lidar-based options for automotive (ADAS/AV), good cities, good areas and good industrial purposes. With its patented Micro Movement Expertise (MMT®), Cepton goals to take lidar mainstream and obtain a balanced method to efficiency, value and reliability, whereas enabling scalable and clever 3D notion options throughout industries.

Cepton has been awarded the most important identified ADAS lidar sequence manufacturing award within the business to this point, primarily based on the variety of automobile fashions awarded, to assist Basic Motors’ Extremely Cruise program. Cepton can be engaged with all different Prime 10 world OEMs.

Based in 2016 and led by business veterans with many years of collective expertise throughout a variety of superior lidar and imaging applied sciences, Cepton is targeted on the mass market commercialization of excessive efficiency, top quality lidar options. Cepton is headquartered in San Jose, CA and has a middle of excellence facility in Troy, MI to offer native assist to the OEM and Tier 1-studded Metro Detroit space. Cepton additionally has a presence in Germany, Canada, Japan, India and China to serve a fast-growing world buyer base. For extra data, go to www.cepton.com and observe Cepton on Twitter and LinkedIn. Data on or that may be accessed by our web site, our Twitter account, our LinkedIn account, or that’s contained in any web site to which a hyperlink is offered herein shouldn’t be a part of this press launch.