QUEBEC CITY, March 13, 2024 /PRNewswire/ — LeddarTech Holdings Inc . (“LeddarTech”) (Nasdaq: LDTC), an automotive software company providing a patented disruptive artificial intelligence-based low-level sensor and perception fusion technology, LeddarVision™, for ADAS, AD and parking applications, is excited to announce its collaboration with Arm with aiming to deliver the next generation of Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) technology for software-defined vehicles based on the leading Arm Automotive Enhanced® (AE) technology.
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“We are pleased to announce that LeddarTech and Arm, two industry leaders, are collaborating to optimize and introduce LeddarTech’s advanced AI-based sensor fusion and perception software, LeddarVision, using the latest Arm Automotive Enhanced computing technology,” said Frantz Saintellemy, President and CEO of LeddarTech. “This partnership, leveraging the unique capabilities of both organizations, is poised to improve CPU capabilities for ADAS, accelerate time to market and facilitate the introduction of software-defined vehicles. The potential benefits of this collaboration for automotive OEMs, Tier 1 and Tier 2 Suppliers are significant, promising accelerated innovation and implementation in the automotive industry,” added Mr. Saintellemy.
“Software has become ubiquitous from bumper to bumper in modern vehicles, and traditional product development timelines don’t allow innovation to happen at the pace the industry needs,” he said. Suraj Gajendra, Vice President of Products and Solutions, Automotive Line of Business, Arm. “This collaboration with LeddarTech enables OEMs and Tier 1s to easily leverage Arm’s latest generation of Automotive Enhanced hardware and software solutions, integrated with LeddarVision, to accelerate the delivery of new AI-enabled ADAS and capabilities automated driving.”
About LeddarTech
Global software company founded in 2007 with headquarters in Quebec City with additional research and development centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides end-to-end software solutions for low-level sensor fusion and artificial intelligence-based perception that enable the implementation of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive software applies advanced artificial intelligence and computer vision algorithms to generate accurate 3D models of the environment for better decision-making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to effectively implement ADAS solutions for automotive and off-road vehicles.
LeddarTech is responsible for several remote sensing innovations, with more than 150 patent applications (80 granted) that improve ADAS, AD and parking capabilities. Better vehicle awareness is key to creating safer, more efficient, sustainable and affordable global mobility: this is what drives LeddarTech to strive to become the most adopted sensor fusion and perception software solution.
Additional information about LeddarTech is available 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 US Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and of 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 to LeddarTech’s anticipated strategy, future operations, outlook, goals and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend on or relate to future events or conditions and include words such as “may,” “will,” “should,” “would,” “expects” , “anticipates,” “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 may differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the possibility that the 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 defense, indemnification and liability costs; (iii) changes in general economic and/or industry conditions; (iv) possible business combination disruptions that could harm LeddarTech’s business; (v) LeddarTech’s ability to retain, attract and hire key personnel; (vi) potential adverse reactions or changes in relationships with customers, employees, suppliers or other parties, including as a result of a business combination; (vii) potential business uncertainty, including changes in existing business relationships following the business combination that could affect LeddarTech’s financial performance; (viii) legislative, regulatory and economic development; (ix) the unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, the 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 above the mentioned factors; (x) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; (xi) LeddarTech’s ability to implement its business model, achieve design successes and generate significant revenue; and (xii) other risk factors set forth from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (“SEC”), including the risk factors contained in LeddarTech’s Annual Report on Form 20-F for the fiscal year then ended September 30, 2023. The above list of important factors is not exhaustive. Except as required by applicable law, LeddarTech undertakes no obligation to revise or update any forward-looking statement or to make any other forward-looking statement, 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 [email protected]
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 the products or services of their respective owners.
LeddarTech Holdings Inc. the public company is listed on Nasdaq under the symbol “LDTC”.
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