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Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and chief in excessive efficiency MMT® lidar options, introduced at present that will probably be added as a member of the Russell 3000® index on the conclusion of the 2022 Russell indexes annual reconstitution, efficient after the US market opens on June 27, 2022, in response to a preliminary record of additives posted on June 3, 2022.
Annual Russell indexes reconstitution captures roughly the 4,000 largest US shares as of Could 6, 2022, rating them by complete market capitalization. Membership within the US all-cap Russell 3000® Index, which stays in place for one yr, means automated inclusion within the large-cap Russell 1000® Index or small-cap Russell 2000® Index in addition to the suitable development and worth type indexes. FTSE Russell determines membership for its Russell indexes primarily by goal, market-capitalization rankings, and elegance attributes.
“Cepton is happy to be becoming a member of the Russell 3000® index because it allows us to increase consciousness of our story among the many funding neighborhood as we proceed to execute towards our milestones producing long-term stakeholder worth,” mentioned Jun Pei, Cepton’s Co-Founder and CEO. “At Cepton, our design philosophy and know-how enabled us to win the biggest ADAS collection manufacturing award to this point, and inclusion within the Russell indexes is one other level of validation in our ongoing journey as a public firm.”
Russell indexes are broadly utilized by funding managers and institutional buyers for index funds and as benchmarks for lively funding methods. Roughly $12 trillion in belongings are benchmarked towards Russell’s US indexes. Russell indexes are a part of FTSE Russell, a number one international index supplier.
For extra info on the Russell 3000 ® Index, the Russell indexes reconstitution and upcoming updates to the 2022 portfolio, go to the “Russell Reconstitution” part on the FTE Russell web site.
About Cepton, Inc.
Cepton is a Silicon Valley innovator of lidar-based options for automotive (ADAS/AV), sensible cities, sensible areas and sensible industrial functions. With its patented Micro Movement Expertise (MMT®), Cepton goals to take lidar mainstream and obtain its imaginative and prescient of protected and autonomous transportation for everybody.
Cepton has been awarded the biggest identified ADAS lidar collection manufacturing award within the business to this point, based mostly on the variety of automobile fashions awarded, to help Common Motors’ Extremely Cruise program. Cepton can also be engaged with all different High 10 international 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, prime quality lidar options. Cepton is headquartered in San Jose, CA and has a middle of excellence facility in Troy, MI to offer native help to automotive prospects within the Metro Detroit space. Cepton additionally has a presence in Germany, Canada, Japan, India and China to serve a fast-growing international buyer base.
For extra info, go to www.cepton.
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