QualityStocksNewsBreaks – Cepton Inc. (NASDAQ: CPTN), Fibre Based Integrations Collaborate to Bring Smart Solutions to Cape Town
Cepton (NASDAQ: CPTN), a Silicon Valley-based smart lidar solution provider, together with Fibre Based Integrations, an established fiber optics systems house, are collaborating to develop lidar-based vehicle detection solutions in Cape Town, South Africa, to enable city-wide smart transportation infrastructure. According to the update, the joint effort combines Fibre Based Integrations’ expertise in optics system integration and Cepton’s innovative lidar technologies to help the city of Cape Town monitor lane usage and identify vehicles using incorrect lanes. Fibre Based Integrations has deployed vehicle classification systems on traffic lights at intersections and overhead devices that incorporate Cepton’s Helius(R) Smart Lidar System…