LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an
automotive software company that provides patented disruptive
AI-based low-level sensor fusion and perception software
technology, LeddarVision™, for ADAS, AD and parking applications,
is proud to present the high-performance
Leddar
Navigator. This demo car will showcase the
next level in ADAS technology to automotive OEMs and Tier 1s during
its tour across Europe beginning July 25, 2024 and ending at
Autosens Europe in Barcelona, Spain, on October 10, 2024.
The LeddarNavigator is equipped
with the LeddarVision AI-based low-level sensor fusion and
perception family of automotive software products. These extend
sensor performance beyond what is typically achieved with
object-level fusion and address the known cost and performance
challenges Tier 1-2 suppliers and OEMs struggle with when
developing L2/L2+ ADAS applications.
During the roadshow, LeddarTech will provide
live demonstrations of the products developed for entry-level and
premium Level 2/2+ ADAS applications that are targeting the
stringent 5-star NCAP 2025/GSR 2022 safety standards and highway
assist using the LeddarVision platform, including:
-
LVS-2+ (LeddarVision
Surround-View),
a comprehensive fusion and perception software solution designed to
elevate ADAS capabilities for premium surround-view, addressing
safety and highway assist applications. It scales from a basic 2V4R
to an advanced 5V5R sensor configuration.
-
LVF-E (LeddarVision Front
Entry), an innovative front-view fusion
and perception stack that supports highway assist ADAS. It utilizes
a streamlined sensor setup of a single front camera and two
short-range corner radars, and is combined with Texas Instruments’
TDA4VE processor.
The LVS-2+ and the LVF-E maximize efficiency and
performance while minimizing costs, which has been demonstrated and
validated in the company’s research and development centers in Tel
Aviv (Israel) and Quebec City (Canada). Key performance indicators
are available to customers for review upon request.
“The introduction of our European
LeddarNavigator is a tremendous step forward for
LeddarTech in the European market as it enables us to truly
demonstrate the performance of our software in real time to the
automotive market as we have done in North America,” stated Antonio
Polo, Sr. Vice-President of Product and Business Development at
LeddarTech. “This newly released LeddarNavigator
is an addition to the company’s fleet of demonstration vehicles,
formerly known as LeddarCar in North America, Israel and China. We
invite OEMs and Tier 1 suppliers to witness firsthand the
transformative power of our systems and how they provide real-time
insights into the vehicle’s surroundings,” Mr. Polo concluded.
Follow the European road trip journey on our
special “LeddarNavigator Diaries” site starting in
mid-August 2024.
About LeddarTech
A global software company founded in 2007 and
headquartered in Quebec City with additional R&D centers in
Montreal and Tel Aviv, Israel, LeddarTech develops and provides
comprehensive AI-based low-level sensor fusion and perception
software solutions that enable the deployment of ADAS, autonomous
driving (AD) and parking applications. LeddarTech’s
automotive-grade software applies advanced AI and computer vision
algorithms to generate accurate 3D models of the environment to
achieve better decision making and safer navigation. This
high-performance, scalable, cost-effective technology is available
to OEMs and Tier 1-2 suppliers to efficiently implement automotive
and off-road vehicle ADAS solutions.
LeddarTech is responsible for several
remote-sensing innovations, with over 160 patent applications
(87 granted) that enhance ADAS, AD and parking capabilities. Better
awareness around the vehicle is critical in making global mobility
safer, more efficient, sustainable and affordable: this is what
drives LeddarTech to seek to become the most widely adopted sensor
fusion and perception software solution.
LeddarTech might, in the scope of
collaborations, partnerships and projects, from time to time,
collect with test vehicles personal information, i.e., information
that directly or indirectly identifies members of the public.
Collected personal information may be processed, used, stored and
communicated by LeddarTech within the scope of developing and
training our software and products. For further information about
the processing activities, which include the collection, use,
storage and communication of the personal information, as well as
the associated personal information protection rights and how to
exercise them, please consult LeddarTech’s Privacy Policy.
Additional information about LeddarTech is
accessible at www.LeddarTech.com and on LinkedIn, Twitter (X),
Facebook and YouTube.
Forward-Looking Statements
Certain statements contained in this Press
Release may be considered forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended
(which forward-looking statements also include forward-looking
statements and forward-looking information within the meaning of
applicable Canadian securities laws), including, but not limited
to, statements relating to LeddarTech’s anticipated strategy,
future operations, prospects, objectives and financial projections
and other financial metrics. Forward-looking statements generally
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include words such as
“may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,”
“likely,” “believe,” “estimate,” “project,” “intend” and other
similar expressions among others. Statements that are not
historical facts are forward-looking statements. Forward-looking
statements are based on current beliefs and assumptions that are
subject to risks and uncertainties and are not guarantees of future
performance. Actual results could differ materially from those
contained in any forward-looking statement as a result of various
factors, including, without limitation: (i) the possibility that
anticipated benefits of LeddarTech’s recent business combination
will not be realized; (ii) the risk that shareholder litigation in
connection with the business combination or other settlements or
investigations may result in significant costs of defense,
indemnification and liability; (iii) changes in general economic
and/or industry-specific conditions; (iv) possible disruptions from
the business combination that could harm LeddarTech’s business; (v)
the ability of LeddarTech to retain, attract and hire key
personnel; (vi) potential adverse reactions or changes to
relationships with customers, employees, suppliers or other
parties, including as a result of the business combination; (vii)
potential business uncertainty, including changes to existing
business relationships following the business combination that
could affect LeddarTech’s financial performance;
(viii) legislative, regulatory and economic developments; (ix)
unpredictability and severity of catastrophic events, including,
but not limited to, acts of terrorism, outbreak or escalation of
war or hostilities and any epidemic, pandemic or disease outbreak
(including COVID-19), as well as management’s response to any of
the aforementioned factors; (x) access to capital and financing and
LeddarTech’s ability to maintain compliance with debt covenants;
(xi) LeddarTech’s ability to execute its business model, achieve
design wins and generate meaningful revenue; and (xii) other risk
factors as detailed from time to time in LeddarTech’s reports filed
with the U.S. Securities and Exchange Commission (the “SEC”),
including the risk factors contained in LeddarTech’s Annual Report
on Form 20-F for the fiscal year ended September 30, 2023. The
foregoing list of important factors is not exhaustive. Except as
required by applicable law, LeddarTech does not undertake any
obligation to revise or update any forward-looking statement, or to
make any other forward-looking statements, whether as a result of
new information, future events or otherwise.
Contact:Daniel Aitken,
Vice-President, Global Marketing, Communications and Investor
Relations, LeddarTech Holdings Inc. Tel.: + 1-418-653-9000 ext. 232
daniel.aitken@LeddarTech.com
- Investor relations
website: investors.LeddarTech.com
- Investor relations
contact: Kevin Hunt, ICR Inc. kevin.hunt@icrinc.com
- Financial media
contact: Dan Brennan, ICR Inc. dan.brennan@icrinc.com
Leddar, LeddarTech, LeddarVision, LeddarSP,
VAYADrive, VayaVision and related logos are trademarks or
registered trademarks of LeddarTech Holdings Inc. and its
subsidiaries. All other brands, product names and marks are or may
be trademarks or registered trademarks used to identify products or
services of their respective owners.
LeddarTech Holdings Inc. is a public company
listed on the Nasdaq under the ticker symbol “LDTC.”
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