LeddarTech adopts an automotive software business model to

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QUEBEC CITY, Oct. 11, 2022 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD detection technology, is pleased to announce that it adopts a business strategy that results in more team resources dedicated to an automotive software business model.

For more than a decade, LeddarTech has been at the forefront of developing sensing technologies that have served mobility, on-road and off-road markets worldwide. For several years, the company has invested heavily in the development of a unique raw data sensor fusion and perception solution. This solution has received numerous awards and attention from the world’s leading automotive OEMs and OEMs.

LeddarTech’s fusion and perception software solution, LeddarVision™, is a high-performance, scalable, sensor-independent, automatic-grade solution that delivers highly accurate 3D environmental models. Additionally, LeddarVision supports all SAE autonomy levels by applying artificial intelligence and computer vision algorithms to fuse raw sensor data used in L2-L5 applications. LeddarTech’s use of raw data fusion detects very small obstacles in the road with better detection rates and fewer false alarms than older “object fusion” solutions. Additionally, unclassified obstacles are also detected, providing an additional layer of safety to the vehicle.

“I am thrilled to announce the next step in LeddarTech’s evolution as a leader in automotive software for ADAS and AD applications.” said Mr. Charles Boulanger, CEO of LeddarTech. “We launched our foray into automotive software several years ago, and our development has led to a unique, award-winning solution that is highly valued by an industry struggling to solve the challenges of accelerating large-scale adoption of automotive software. greater autonomy. Mr. Boulanger continued, “Findings from market analysts and customers clearly confirm that we are in a unique position with a software solution that OEMs need to improve ADAS and AD performance. Mr. Boulanger said, “The market need for a sensor and perception fusion solution that can be easily integrated and includes all the benefits of LeddarVision has never been greater, and our use of raw data fusion makes our offer even more attractive to customers. Mr. Boulanger concluded, “The LeddarTech team is excited and eager to move forward on our path and have dedicated themselves and their technical efforts to the lofty but achievable goal of being the solution.” most adopted sensor fusion and perception software on the market.

About Leddar Tech
Founded in 2007, LeddarTech is an automotive ADAS and AD software company providing complete end-to-end raw data fusion and perception solutions that enable customers to solve critical challenges across the entire value chain.

LeddarTech’s automotive-grade software technology, LeddarVision™, is a flexible, robust, cost-effective, sensor-independent solution that provides highly accurate 3D environmental models. Additionally, this scalable software supports all SAE autonomy levels by applying artificial intelligence and computer vision algorithms to fuse raw sensor data used in L2-L5 applications. LeddarTech’s use of raw data fusion detects very small obstacles in the road with better detection rates and fewer false alarms than older “object fusion” solutions. Additionally, unclassified obstacles are also detected, providing an additional layer of safety to the vehicle.

LeddarTech is responsible for several innovations in advanced automotive and mobility applications, with over 140 patents granted or filed, enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech can be accessed at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Such. : + 1-418-653-9000 ext. 232 [email protected]

Investor relations contact: [email protected]
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator and associated logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and brands are or may be trademarks or registered trademarks used to identify the products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9eea29e-3a7b-4833-b444-6c5cee00297a

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