QUEBEC
CITY, Jan. 9, 2024 /PRNewswire/ -
LeddarTech®, (NASDAQ: LDTC) an automotive software
company that provides patented disruptive AI-based low-level sensor
fusion and perception software technology for ADAS, AD and parking
applications, announces the availability and unveiling of
the LeddarVision™ Surround-View (LVS-2+) at
CES 2024. The LVS-2+ was developed on the Nvidia Orin
embedded system, with the flexibility to be ported to other
embedded platforms.
The LVS-2+ is engineered to power premium L2/L2+ ADAS
highway assistance and achieve the coveted 5-star NCAP 2025/GSR
2022 safety rating. The LVS-2+ follows the LeddarVision
Front-Entry (LVF-E) comprehensive AI-based low-level fusion and
perception software in becoming the second AI-based low-level
fusion and perception software product to demonstrate maturity on
the embedded system.
Born from the innovative LeddarVision AI-based low-level
sensor fusion and perception software architecture, the
LVS-2+:
- Masterfully expands upon the capabilities of the LVF product
family through its flexibility to adapt to different sensor
configurations. The LVS-2+ seamlessly evolves from the
foundational 1VxR sensor configuration to the advanced 5V5R
configuration.
- Is the first AI-based low-level sensor fusion and perception
product that eliminates the need for side cameras typically
implemented in the legacy 11V5R configuration.
- Achieves surround-view perception using a 5V5R sensor
architecture, which will accelerate mass deployment of premium
L2/L2+ ADAS by significantly lowering hardware and system
implementation costs. This transformation equips vehicles with
improved support for vital functions such as traffic jam assist
(TJA) and highway assist (HWA), as well as a vastly enhanced speed
range for adaptive cruise control (ACC).
- Delivers a comprehensive fusion and perception software stack
supporting premium surround-view L2/L2+ ADAS highway
assistance.
"The LeddarVision LVS-2+ marks a paradigm shift,
delivering unparalleled clarity, conviction and credibility,"
stated Frantz Saintellemy, President and CEO of LeddarTech. "With
the demonstration of LVS-2+ on the embedded system,
we're igniting a tremendous opportunity for OEMs and Tier 1-2
suppliers, empowering them to accelerate the development of
cost-effective perception solutions and support reduced development
costs and translating into a decisive edge in today's competitive
arena. LeddarTech has been engaged with various lead customers to
validate and confirm that the LVS-2+ offers a strategic
advantage that amplifies safety and efficiency in shaping L2/L2+
ADAS applications. This monumental leap aligns seamlessly with
industry objectives, including the pursuit of a 5-star NCAP
2025/GSR 2022 rating, making it a transformative stride in
automotive technology," Mr. Saintellemy concluded.
LeddarTech invites automotive OEMs, Tier 1s and analysts to
visit their booth at CES 2024 in Las Vegas to meet with the team and experience
their unique LeddarVision automotive software technology
About LeddarTech
A global software company founded in 2007 and headquartered in
Quebec City with additional
R&D centers in Montreal,
Toronto 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 150 patent applications (80 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.
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 shall 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, and the anticipated tax treatment of the
business combination; (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 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; * access to capital and financing and
LeddarTech's ability to maintain compliance with debt covenants;
and (xi) 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 final prospectus filed with the SEC on December 4, 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.
Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive,
VayaVision and related logos are trademarks or registered
trademarks of LeddarTech 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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SOURCE LeddarTech Inc.
