Koito Manufacturing : Announcement Regarding Strengthening Relationship with Cepton in Development of LiDAR
June 27, 2022 at 07:05 am EDT
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June 27, 2022
PRESS RELEASE
KOITO MANUFACTURING CO., LTD. Representative Director: Michiaki Kato, President (Stock Code: 7276 Prime Market, TSE)
Inquiries: Atsushi Inoue, Director and Managing Corporate Officer General Affairs Dept.
(Tel: +81-3-3443-7111)
Announcement Regarding Strengthening Relationship with Cepton
in Development of LiDAR
Made new agreement for co-developinglong-range and near-range LiDARs
KOITO MANUFACTURING CO., LTD. ("KOITO") announces the agreement to strengthen relationship with Cepton, Inc. ("Cepton") (Head Office: CA, U.S.A.) in development of automotive LiDAR for Advanced Driver Assistance Systems (ADAS) and autonomous driving.
Background and Purpose of Strengthening Relationship
Looking ahead next-generation automotive industries, KOITO has been promoting development of LiDAR for Advanced Driver Assistance Systems (ADAS) and autonomous driving. In 2017, we started co-development of medium-range LiDAR with Cepton. Since then, we have strengthened our relationship, and promoted collaboration through initial investment to Cepton in February 2020 and an additional investment in February 2022. As a result of the collaboration efforts, we are planning to commercialize medium-range LiDAR in 2023.
Following the increasing demand for high-accuracy LiDAR which can detect from near to far distances in the technical progress and increasing penetration of vehicles with ADAS and autonomous driving systems (level 3 or above), KOITO has agreed with Cepton to co-develop LiDAR for short and long distances.
We will contribute to materialize safe and secured automotive society, precisely respond to various customer needs, and also expand our sensor business as a global LiDAR supplier which can respond to automotive and non-automotive industries.
Financial Impact
KOITO does not expect any significant effects on its consolidated business results for the fiscal year ending March 31, 2023. KOITO does not include Cepton into our scope of consolidation as a consolidated subsidiary, or a company accounted for by the equity-method.
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About Cepton's LiDAR Technology
For the future vehicles equipped with ADAS and autonomous driving systems, it is essential to accurately grasp location and distance of objects (distant vehicles, obstacles and others). Among various sensors, such as LiDAR, cameras and millimeter-wave radars, LiDAR is expected to be one of the sensors that can grasp location and distance with high-accuracy.
LiDAR measures distance by pointing at objects with infrared lasers and measuring the elapsed time for each laser pulse to return to its source. Moreover, by scanning laser light vertically and laterally, LiDAR provides an accurate location and distance of objects in a wide area.
The laser scanning method is the most important technical factor that affects performance of LiDAR. However, in order to integrate LiDAR into automotive components, high-reliability would be required. To achieve a high-reliability, Cepton's LiDAR uses innovative and unique technology for laser scanning. Its scanning techniques are different from conventional ones, such as mechanical rotation or scanning mirrors. Its simplified and frictionless architecture was designed to provide long product life and high-durability and achieves high-reliability, manufacturability, and affordable price which is required for automotive components. Due to its excellent combination of monitoring distance and angular resolution, we have been promoting co- development of LiDAR with Cepton, to achieve our plan for volume production in 2023.
By integrating Cepton's advanced LiDAR technology into KOITO's technology in product design and volume production of automotive components, we will further promote product development for vehicles equipped with ADAS and autonomous driving systems, as well as aggressively developing products for non- automotive use, such as smart transportation infrastructures.
Cepton's Website
https://www.cepton.com/
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Koito Manufacturing Co. Ltd. published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 11:03:10 UTC.
KOITO MANUFACTURING CO., LTD. is mainly engaged in the manufacture and sale of automotive lighting equipment, aircraft parts, railway vehicles parts, electrical equipment and measuring equipment. The Company mainly operates in six segments, including Japan, China, Asia, North America, Europe and Others. The Companyâs major products include light-emitting diode (LED) head lamps, discharge head lamps, headlights, sign lamps, high mount stop lamps, halogen bulbs, miniature bulbs and other lamp fittings, control equipment for rail vehicles, roads traffic signals, traffic control systems, roads and tunnels illumination lamps, facilities illumination lamps, accommodation equipment, aircraft parts, electronic parts, head lamps cleaners, sheets for aircraft and rail vehicles, as well as environment control equipment. The Company is also engaged in the development and manufacture of forward monitoring operation support systems for advanced driver-assistance systems (ADAS) through subsidiary.
KOITO MANUFACTURING CO., LTD. 
