QUEBEC CITY, March 13, 2024 /PRNewswire/ -- 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 thrilled to announce a
collaboration with Arm with a view to delivering the next
generation of advanced driver assistance systems (ADAS) and
autonomous driving (AD) technology for software-defined vehicles
based on leading-edge Arm Automotive Enhanced® (AE)
technology.
"We are delighted to announce that LeddarTech and Arm, two
industry leaders, are collaborating to optimize and showcase
LeddarTech's advanced AI-based sensor fusion and perception
software, LeddarVision, using the latest Arm Automotive Enhanced
compute technology," stated Frantz Saintellemy, President and CEO
of LeddarTech. "This partnership, leveraging the unique
capabilities of both organizations, is poised to enhance CPU
capabilities for ADAS, accelerate time-to-market and facilitate the
rollout 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 deployment in
the automotive industry," Mr. Saintellemy added.
"Software has become ubiquitous from bumper to bumper in
modern-day vehicles, and traditional product development timelines
don't allow for innovation to happen at the pace the industry
needs," 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 Automotive
Enhanced hardware and software solutions, integrated with
LeddarVision, to accelerate the delivery of new AI-enabled ADAS and
automated driving capabilities."
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 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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