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QUEBEC CITY, Jan. 3, 2024 /PRNewswire/ -- LeddarTech®, an automotive software company offering patented AI-based disruptive low-level sensor fusion and perception software technology for ADAS, AD and parking applications, proudly announces the appointment of Oren Dayan as Vice President of Product Line Management and Business Development. Dayan will work at LeddarTech's research and development center in Tel-Aviv, Israel.
As vice president of product line management and business development, Dayan will be instrumental in executing the company's automotive software roadmap and LeddarTech's business development objectives.
Dayan has over 20 years of leadership experience and over ten years focusing on the automotive software market, managing high-volume strategic programs for leading OEMs and Tier 1 suppliers. As a leader at major technology companies, Oren led with Successfully built multidisciplinary teams and executed strategic initiatives with multinational automotive accounts. Prior to joining LeddarTech, Oren was vice president of business and programs at automotive technology company Tri-Eye, where he was successful in strategic product and business development, leading to significant growth. Prior to Tri-Eye, Oren was PM Group leader at Mobileye, managing major customer projects, particularly with global automotive OEM Geely Group. Oren also held senior leadership positions at Guardian Optical Technologies, Altice and others.
Dayan holds a Master of Science (M.Sc.) in Industrial Management and Bachelor of Science (B.Sc.) in Computer Science, Software Engineering from Ben-Gurion University, Israel.
"I am honored and excited to take on the role of Vice President of Product Line Management and Business Development at LeddarTech," said Dayan. "The company's cutting-edge automotive software solutions have set a benchmark in the industry and I look forward to contributing to its growth trajectory. With more than 20 years of leadership experience, including a decade focused on the automotive market automotive software, my primary focus will be driving LeddarTech's business development objectives. I am committed to leveraging my experience to spearhead strategic initiatives, forge key partnerships and propel the company to new heights in the ADAS and AD technology space. LeddarTech's vision aligns perfectly with my passion for promoting innovation and I am ready to lead the charge in expanding our market presence through strong business development strategies," Dayan concluded.
“I am delighted to welcome Dayan as our newly appointed Vice President of Product Line Management and Business Development,” said Antonio Polo, Vice President of Product and Business Development at LeddarTech. "With over a decade dedicated to the automotive software market and a notable leadership track record spanning major industry players, Dayan brings invaluable experience to our team. His strategic vision and proven ability to drive growth in business development align perfectly with LeddarTech's rapid growth goals. Together, we look forward to reaching new heights in innovation and success in implementing business projects under Dayan's skillful leadership," Polo concluded.
About LeddarTech
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, develops and provides comprehensive low-level sensor fusion and perception software solutions. based on AI that allow the implementation of ADAS, autonomous driving (AD) and parking applications. LeddarTech's automotive-grade software applies advanced computer vision and artificial intelligence algorithms to generate accurate 3D models of the environment for better decision-making and safer navigation. This cost-effective, scalable, high-performance technology is available for OEMs and Tier 1-2 suppliers to efficiently deploy ADAS solutions for automobiles and off-road vehicles.
LeddarTech is responsible for several innovations in remote sensing, with over 150 patent applications (80 granted) improving ADAS, AD and parking capabilities. Greater vehicle awareness is critical to making global mobility safer, more efficient, sustainable and affordable – this is what drives LeddarTech to seek to become the most adopted sensor fusion and perception software solution.
Additional information about LeddarTech can be accessed 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 and Section 21E of the Exchange Act. (which forward-looking statements will also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, without limitation, statements regarding LeddarTech's anticipated strategy, future operations, prospects, financial objectives and projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend on or refer to future events or conditions, and include words such as "may," "will," "should," "expect," "anticipate," "plan," "probable", "believe", "estimate", "project", "intend", and other similar expressions. 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 statements as a result of various factors, including, but not limited to: (i) the possibility that the anticipated benefits of the LeddarTech business combination will not be realized, and the tax treatment planned business combination; (ii) the risk that shareholder litigation in connection with the business combination or other agreements or investigations could result in significant costs of defense, indemnification and liability; (iii) changes in general and/or industry-specific economic conditions; (iv) potential disruptions resulting from the business combination 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 resulting from the completion of the 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 developments; (ix) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreaks of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as the management response to any of the aforementioned factors; (x) 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 risk factors contained in LeddarTech's final prospectus filed with the SEC on December 4, 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 statements, 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 affiliates. All other brands, product names and brands 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."
CONTACT: Daniel Aitken, Vice President, Global Marketing, Communications and Investor Relations, LeddarTech 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
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