MANUFACTURING TECHNOLOGY, DIGITAL TRANSFORMATION

Cepton Partners with Fabrinet to Deliver Flagship Automotive Lidar Program

Cepton | July 21, 2022 | Read time : 03:48 min

Cepton Partners news
Cepton, Inc. (“Cepton” or the “Company”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced that it has selected Fabrinet (NYSE: FN), a leading provider of advanced precision optical and electronic manufacturing services, for the production of its Vista®-X90 lidar, which will be deployed in the industry’s largest ADAS lidar series production program.

Cepton selected Fabrinet for its deep expertise in advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services for the production of high-performance, proprietary assemblies of its Vista-X90 lidars. Trusted by the world’s most demanding OEMs, Fabrinet is known for its delivery of high-quality complex optical, mechanical and electrical assemblies for optical communications and automotive applications. A strategic move, the partnership furthers Cepton’s goal of making lidar an essential and standard auto part in everyday consumer vehicles.

The Vista-X90 lidar features Cepton’s patented MMT (Micro Motion Technology), a highly efficient lidar imaging mechanism that enables long-range and high-resolution 3D imaging through a unique, dense scan pattern. Free of rotation, mirror and friction, MMT was specifically designed to address the need of the automotive industry for scalable lidar solutions that achieve the right balance between performance, reliability and cost.

In addition to MMT, Vista-X90 also packages Cepton’s proprietary lidar engine ASICs, designed for optimal illumination control, detection and signal processing. Utilizing Fabrinet’s expertise in high-volume optical and opto-electrical manufacturing, Cepton will be able to deliver high-quality and cost-effective assemblies to ramp up production and achieve scalable growth.

“At Cepton, our goal is to be the world’s go-to supplier of automotive lidar solutions, and working with an OEM-trusted and validated manufacturing partner is a crucial part of that effort, Fabrinet has earned a strong reputation within the automotive industry with its excellent service and precision-manufacturing expertise. We are excited to work with Fabrinet to accelerate the production of our Vista-X90 lidar, as the partnership is a crucial step towards getting our lidars into an unprecedented volume of automobiles through our flagship ADAS lidar program.”

-Dr. Jun Pei, Co-founder and CEO of Cepton.

We are excited that Cepton has chosen Fabrinet to manufacture their flagship lidar program, said Seamus Grady, CEO at Fabrinet. With our advanced manufacturing capabilities and significant expertise, Fabrinet is well-positioned to support Cepton in ramping production of their ADAS lidar program. We look forward to our continued partnership with Cepton in pursuit of their long-term ambitions.

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 a balanced approach to performance, cost and reliability, while enabling scalable and intelligent 3D perception solutions across industries.

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.

About Fabrinet:
Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing. Fabrinet focuses on production of high complexity products in any mix and any volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the United States of America, the People’s Republic of China, Israel and the United Kingdom.

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RoviSys Designated Platinum System Integrator Partner by Rockwell Automation

Rockwell Automation | November 25, 2022

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced that RoviSys has been designated a Platinum System Integrator Partner as part of the PartnerNetwork Program. RoviSys is an independent automation and information solutions integrator, delivering process and building automation design, delivery, and support globally. The program offers opportunities to expand and maximize integration skills, recognize and reward performance, and connect businesses with system integrators that meet project needs and enable mutual success. As a Platinum System Integrator Partner, RoviSys will receive enhanced recognition with customers and leading-edge access to Rockwell Automation product and technical support. “Platinum status is achieved by invite only and is the highest level of partnership within the Rockwell Automation System Integrator Partner Program. It is an exclusive recognition reserved for less than 1% of our partners and we are proud to welcome RoviSys into this designation,With a customer-first mentality, RoviSys has extensive project experience delivering thousands of projects over the last five years with a diverse range of capabilities across 12 locations in North America, Europe, and Asia Pacific. “The partnership between Rockwell Automation and RoviSys is one that we have truly valued over the years, and we look forward to continuing to grow together -Don Shoemaker, Regional Vice President, North America Market Access, Rockwell Automation. Our long-standing partnership has allowed RoviSys to collaborate with Rockwell, and bring industry-leading solutions to customers for over 30 years, said Dick Ciammaichella, Director of Growth. This next step into Platinum Partnership positions RoviSys to strategically align customer needs with Rockwell product life cycles. RoviSys delivers 500K+ hours of Rockwell solutions annually, and empowers end users to effectively implement Rockwell solutions that drive automation and digital transformation today and into the future. About RoviSys: RoviSys is an independent systems integrator that provides process automation, building automation, and discrete manufacturing automation solutions. We support digital transformation, industrial network solutions, and artificial intelligence, bringing information from plant floor to top floor. Industries include: Chemical, Petrochemical, Life Science, Mission Critical Data Center, Distribution & Fulfillment, Transportation, Consumer Packaged Goods, Glass, Metals, Power & Energy, Water & Wastewater, Paper & Wood, Oil & Gas, and Semiconductor. About Rockwell Automation: Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 24,500 problem solvers dedicated to our customers in more than 100 countries. About the Rockwell Automation PartnerNetwork: Rockwell Automation believes we're better together—and we do our part by delivering an expansive, global partner ecosystem of market-leading technology, superior support and services, and an integrated and streamlined approach to business. Succeed on an international scale by utilizing our network's breadth of innovative technologies and services that no single vendor can provide alone.

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MANUFACTURING TECHNOLOGY

IDEX Corporation’s Capital Deployment Continues with Agreement to Acquire Muon Group, a Leader in Precision Tech Manufacturing, for €700 million

IDEX | September 17, 2022

IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire micro-precision technology manufacturing company Muon B.V. and its subsidiaries (“Muon Group”) for cash consideration of €700 million. Based in the Netherlands, Muon Group manufactures highly precise flow paths in a variety of materials that enable the movement of various liquids and gases in critical applications for medical technologies, semiconductor, food processing, digital printing and filtration. The group includes LouwersHanique, Veco, Millux, Tecan and Atul, which have critical technical expertise in precision and tolerances for different materials, from metals and glass to plastics and ceramics. “Together, the Muon Group will expand upon a growing platform of IDEX precision technology businesses, including those already part of IDEX Health & Science, with unique technology and product solutions for similar end-customers. The commercial synergy potential between our health and science businesses and Muon Group companies will yield expanded offerings to new and existing customers, Muon Group is an IDEX-like business, producing highly engineered products used in mission-critical applications where customers demand exacting quality standards. Their companies are leaders in their fields, and we are excited to welcome them and their outstanding management team to the IDEX family, The acquisition of Muon Group demonstrates our disciplined capital deployment strategy that focuses on identifying high-quality technology businesses that will enhance our strategy and we believe will drive long term shareholder value, We expect Muon Group to thrive in our entrepreneurial culture, while our decentralized model fosters decision-making closest to the customer, producing excellent results.” -Eric Ashleman Chief Executive Officer and President IDEX. Like IDEX, Muon Group has strong connections to an array of highly innovative, well-known OEMs, working in partnership like members of an extended team to solve some of their most challenging issues. This forms a strong base for ongoing growth through innovation. “All of us at Muon are excited to be joining forces with the IDEX platform as we feel this is the best way to secure our long-term growth ambitions. IDEX’s operating model and culture match ours well, and their scale and resources will help us achieve our targets faster.” -Michiel Barendse, CEO of Muon Group. Muon Group is privately held by Rivean Capital, a European mid-market private equity firm, which acquired the company in 2018. With expected FY 2022 sales of approximately €140 million and EBITDA margins of approximately 33 percent, Muon Group will join the Scientific Fluidics & Optics group in IDEX’s Health & Science Technology segment. The transaction is expected to close in the fourth quarter, subject to regulatory approvals and consultation with the Dutch works council. This acquisition is expected to be funded by IDEX using cash on hand and proceeds from its revolving credit facility. About IDEX: IDEX Corporation (NYSE: IEX) makes thousands of products and mission-critical components that improve everyday life all around you. If you enjoy chocolate, it quite possibly passed through a Viking® internal gear pump at the candy factory. If you were ever in a car accident, emergency workers may have used the Hurst Jaws of Life® rescue tool to save your life. If your doctor ordered a DNA test to predict your risk of disease or determine a course of treatment, the lab may have used equipment containing components made by IDEX Health & Science. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call over 45 diverse businesses around the world part of the IDEX family. With more than 8,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global company with nearly $2.8 billion in annual sales, committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

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MANUFACTURING TECHNOLOGY

Phoenix Motorcars & CATL Form Long-Term Partnership

Contemporary Amperex Technology Co. Limited | November 23, 2022

Phoenix Motor Inc. (Nasdaq: PEV) (“Company” or “Phoenix”), a leader in manufacturing of all-electric, medium-duty vehicles, today announced the signing of a non-binding Memorandum of Understanding (“MOU”) with Contemporary Amperex Technology Co., Limited (SHE: 300750) (“CATL”), a global leader of new energy innovative technologies, for the co-development of batteries for Phoenix Motorcars’ product lines. The MOU will support the long-term supply of battery solutions and related products for Phoenix’s commercial electric vehicles including Gen 4 vehicles, as well as the potential cooperation on Gen 5 and EdisonFuture (Gen 6) models in the future. The two companies also agreed to explore the opportunity to deploy E-rolling chassis technology in Phoenix vehicle models. Developed for commercial vehicles by its subsidiary Suzhou Synland Technology Co., Limited, CATL’s E-rolling technology is a separate frame construction chassis solution that integrates coaxial e-beam, frame, electronic devices and the battery pack which in turn is integrated with the power domain controller. The innovative technology supports various vehicle types including pickups, light trucks, vans and RVs. Phoenix Motorcars CEO Dr. Lance Zhou commented, “We are thrilled to be working with CATL, one of the world’s leading battery manufacturers and solution providers, as we develop and produce our Gen 4 medium-duty vehicles and explore further cooperation including Gen 5 ground-up chassis vehicles and EdisonFuture (Gen 6) line of light-duty vehicles over the next few years. This MOU will ensure stability and security of essential battery supply. We are also very keen on the E-rolling chassis technology from CATL which would enable simplified, highly integrated and light weighted design of e-chassis to achieve higher energy efficiency in commercial vehicles. Collaboration with partners such as CATL is central to our ‘asset light’ strategy and adds to our confidence that we will deliver our enhanced product lineup on time, within budget and with maximum quality. “We are glad to cooperate with industry pioneers like Phoenix Motorcars, and we believe the successful cooperation with Phoenix will further promote the application of advanced technologies in commercial vehicles, This cooperation not only expands our global network of commercial application business, but also reflects our determination to promote comprehensive electrification with innovative battery solutions, thus contributing to the global efforts towards carbon neutrality.” -Li Xiaoning, Executive President of Overseas Commercial Application, CATL. About Phoenix Motor Inc: Phoenix Motor Inc., a pioneer in the electric vehicle (“EV”) industry, designs, builds, and integrates electric drive systems and light and medium duty EVs and sells electric forklifts and electric vehicle chargers for the commercial and residential markets. Phoenix operates two primary brands, “Phoenix Motorcars,” which is focused on commercial products including medium duty EVs (shuttle buses, school buses, municipal transit vehicles and delivery trucks, among others), electric vehicle chargers and electric forklifts, and “EdisonFuture,” which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. About Contemporary Amperex Technology Co. Limited: Contemporary Amperex Technology Co., Limited (CATL) is a global leader of new energy innovative technologies, committed to providing premier solutions and services for new energy applications worldwide. In the year 2021, CATL’s EV battery consumption volume ranks No. 1 in the world for five consecutive years, and it ranks first in the market share of global energy storage battery production. CATL also enjoys wide recognition by global EV and energy storage partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including material and electrochemistry system, structure system, green extreme manufacturing and business models.

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