Cepton, Inc. Set to Join the Russell 3000® Index
June 15 2022 - 8:00AM
Business Wire
Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley
innovator and leader in high performance MMT® lidar solutions,
announced today that it will be added as a member of the Russell
3000® index at the conclusion of the 2022 Russell indexes annual
reconstitution, effective after the US market opens on June 27,
2022, according to a preliminary list of additions posted on June
3, 2022.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220615005482/en/
© Cepton, Inc.
Annual Russell indexes reconstitution captures roughly the 4,000
largest US stocks as of May 6, 2022, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings, and style
attributes.
“Cepton is excited to be joining the Russell 3000® index as it
enables us to expand awareness of our story among the investment
community as we continue to execute against our milestones
generating long-term stakeholder value,” said Jun Pei, Cepton’s
Co-Founder and CEO. “At Cepton, our design philosophy and
technology enabled us to win the largest ADAS series production
award to date, and inclusion in the Russell indexes is another
point of validation in our ongoing journey as a public
company.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000 ® Index, the Russell
indexes reconstitution and upcoming updates to the 2022 portfolio,
go to the “Russell Reconstitution” section on the FTE Russell
website.
About Cepton, Inc.
Cepton is a Silicon Valley innovator of lidar-based solutions
for automotive (ADAS/AV), smart cities, smart spaces and smart
industrial applications. With its patented Micro Motion Technology
(MMT®), Cepton aims to take lidar mainstream and achieve its vision
of safe and autonomous transportation for everyone.
Cepton has been awarded the largest known ADAS lidar series
production award in the industry to date, based on the number of
vehicle models awarded, to support General Motors’ Ultra Cruise
program. Cepton is also engaged with all other Top 10 global
OEMs.
Founded in 2016 and led by industry veterans with decades of
collective experience across a wide range of advanced lidar and
imaging technologies, Cepton is focused on the mass market
commercialization of high performance, high quality lidar
solutions. Cepton is headquartered in San Jose, CA and has a center
of excellence facility in Troy, MI to provide local support to
automotive customers in the Metro Detroit area. Cepton also has a
presence in Germany, Canada, Japan, India and China to serve a
fast-growing global customer base. For more information, visit
www.cepton.com and follow Cepton on Twitter and LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220615005482/en/
Cepton, Inc. Contacts Investors:
InvestorRelations@cepton.com Media: Faithy Li, media@cepton.com
Cepton (NASDAQ:CPTN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cepton (NASDAQ:CPTN)
Historical Stock Chart
From Apr 2023 to Apr 2024