QualityStocksNewsBreaks – Cepton Inc.’s (NASDAQ: CPTN) Lidar Tech Unlocking New Possibilities for Implementing Smart City Solutions in Cape Town
Cepton (NASDAQ: CPTN) recently entered into a partnership with Fibre Based Integrations, an established fiber optics systems house, to develop a lidar-based vehicle detection system aimed at assisting the creation of smart transportation infrastructure in Cape Town, South Africa. “The use of Cepton’s innovative lidar technology will allow the system to provide authorities with analytics designed to improve traffic flow and safety for motorists and pedestrians alike,” reads a recent article. The autonomous vehicle sector has widely acclaimed lidar technology as a key sensor technology; it has a higher spatial resolution, which allows it to perform better than cameras and…