LeddarTech Strengthens Collaboration With Arm, Showcasing ADAS Innovations at Embedded World 2024 on April 9-11 in Nuremberg, Germany
QUEBEC CITY, March 27, 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 pleased to announce its presence as a guest exhibitor and speaker with Arm Holdings plc (Nasdaq: ARM) at the Embedded World 2024 exhibition and conference.
LeddarTech will join Arm at Embedded World on April 9-11, 2024, following the announcement on March 13, 2024 between the two industry leaders where LeddarTech shared it would be enabling its LeddarVision technology using the latest Arm Automotive Enhanced® (AE) technology. During the Embedded World event, LeddarTech will showcase its cutting-edge technology, highlighting how the synergies between the two companies are dedicated to advancing the automotive industry. The demonstration illustrates LeddarTech and Arm's collaborative efforts to empower OEMs and Tier 1s in efficiently utilizing Arm's latest AE compute technology and software solutions. Integrated with LeddarVision, this partnership aims to accelerate the deployment of AI-enabled ADAS and automated driving capabilities.
Event date: April 9-11, 2024
Location: NürnbergMesse, Nuremberg, Germany
Arm booth location: Hall 4, Stand 4-504
LeddarTech demonstrates its advanced AI-based sensor fusion and perception software, LeddarVision, in conjunction with the cutting-edge Arm AE technology. The demonstration will spotlight the award-winning LeddarVision Front Entry (LVF-E) front-view fusion and perception stack, specifically designed for entry-level SAE Level 2/2+ highway assist ADAS applications and compliance with 5-star NCAP 2025/GSR 2022 standards. This innovative solution is powered by Texas Instruments' TDA4VM-Q1 processor, underscoring the seamless integration of leading technologies.
LeddarTech presents: On Wednesday, April 10 at 2:00 p.m., Heinz Oyrer, Director of Strategic Partnerships at LeddarTech, will deliver a 15-minute presentation at the Arm booth entitled "Partnerships and Progress: Insight on Overcoming ADAS Challenges in Collaboration With Arm." The emphasis will be on aligning with customer needs, forming strong partnerships and embracing innovation as key pillars for navigating the road ahead.
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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