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 pleased to join Ficosa Internacional SA (“Ficosa”), a top-tier
global provider devoted to the research, development, manufacturing
and marketing of advanced technology vision, safety, connectivity
and efficiency systems for the motor and mobility sectors, at
Autosens Europe in Barcelona from October 8-10, 2024.
In 2022, LeddarTech and Ficosa established a
strategic collaboration to develop a pioneering Intelligent Parking
Assistance system. In 2023, this resulted in the successful
integration of LeddarTech’s advanced LeddarVision software with
Ficosa’s cutting-edge surround-view camera system, along with other
sensors such as radars, IMUs and GPS. The collaboration between
LeddarTech and Ficosa marks a significant milestone, empowering car
manufacturers to deliver an enhanced driving experience while also
advancing the development of autonomous vehicles.
During Autosens, LeddarTech will provide live
demonstrations of the products developed for entry-level and
premium Level 2/2+ ADAS applications using the LeddarVision
platform. These applications target the stringent 5-star NCAP
2025/GSR 2022 safety standards and highway assist.
“We’re excited to continue our collaboration
with Ficosa at Autosens Europe,” said Antonio Polo, Sr.
Vice-President of Product and Business Development at LeddarTech.
Mr. Polo continued, “Our recent announcement of the
LeddarNavigator European Roadshow highlights our
commitment to showcasing the forefront of ADAS technology. The
LeddarNavigator demo car will present this
cutting-edge technology to automotive OEMs and Tier 1 suppliers
across Europe, with Autosens being a key stop on this journey.”
Autosens Europe: Barcelona,
Spain
Dates: October 8-10, 2024
Ficosa Booth: # 212
LeddarTech Demonstration:
Automotive Tier 1-2 customers are invited to arrange a live
demonstration in the LeddarNavigator during
Autosens Europe. Click here to arrange an appointment.
What to Expect: 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.
- 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 supporting 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.
Visit the LeddarNavigator European
Roadshow event page for
information on important dates and demo locations in Spain, France,
Italy and Germany.
About Ficosa
Ficosa is a leading global company dedicated to
the research, development, production and marketing of advanced
vision, safety and efficiency solutions for the automotive
industry, with a vocation to contribute to society through its
commitment to technological innovation, human values and energy
efficiency. Founded in 1949 and with headquarters in Barcelona,
Ficosa currently employs more than 8,500 people and has production
and R&D centers and sales offices in Europe, North and South
America, Asia and Africa. The Rear-View System (interior/side
mirror) is Ficosa’s main, globally renowned business, which is
recognized by the world’s leading original equipment manufacturers
(OEMs). www.ficosa.com
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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