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HomeDroneCepton, Inc. Set to Be a part of the Russell 3000® Index...

Cepton, Inc. Set to Be a part of the Russell 3000® Index – sUAS Information


Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and chief in excessive efficiency MMT® lidar options, introduced at this time that it will likely 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, based on a preliminary checklist 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 computerized 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 worked up to be becoming a member of the Russell 3000® index because it permits us to develop consciousness of our story among the many funding group as we proceed to execute towards our milestones producing long-term stakeholder worth,” stated Jun Pei, Cepton’s Co-Founder and CEO. “At Cepton, our design philosophy and know-how enabled us to win the biggest ADAS sequence manufacturing award up to now, and inclusion within the Russell indexes is one other level of validation in our ongoing journey as a public firm.”

Russell indexes are extensively utilized by funding managers and institutional buyers for index funds and as benchmarks for energetic funding methods. Roughly $12 trillion in property are benchmarked towards Russell’s US indexes. Russell indexes are a part of FTSE Russell, a number one world index supplier.

For extra data 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), good citiesgood areas and good industrial functions. With its patented Micro Movement Expertise (MMT®), Cepton goals to take lidar mainstream and obtain its imaginative and prescient of secure and autonomous transportation for everybody.

Cepton has been awarded the biggest identified ADAS lidar sequence manufacturing award within the trade up to now, primarily based on the variety of automobile fashions awarded, to assist Normal Motors’ Extremely Cruise program. Cepton can also be engaged with all different Prime 10 world OEMs.

Based in 2016 and led by trade 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 supply native assist 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 world buyer base.

For extra data, go to www.cepton.

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