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-LeddarTech supports accelerated development of L2/L2 ADAS by launching the LeddarVision Surround-View Premium Highway Assist software stack on an integrated platform
QUEBEC CITY, Jan. 9, 2024 /PRNewswire/ -- LeddarTech®, ®, an automotive software company delivering proprietary AI-based disruptive low-level sensor fusion and perception software technology for ADAS, AD and parking, announces the availability and presentation of LeddarVision™ Surround-View (LVS-2) at CES 2024. LVS-2 was developed on the Nvidia Orin embedded system, with the flexibility to be ported to other embedded platforms.
The LVS-2 is designed to boost premium L2/L2 ADAS roadside assistance and achieve the coveted 5-star NCAP 2025/GSR 2022 safety rating. The LVS-2 follows comprehensive AI-based low-level perception and fusion software LeddarVision Front-Entry (LVF-E) to become the second AI-based low-level perception and fusion software product to demonstrate maturity in the integrated system.
Born from LeddarVision's innovative AI-based low-level sensor fusion and perception software architecture, the LVS-2:
"The LeddarVision LVS-2 marks a paradigm shift and delivers unparalleled clarity, conviction and credibility," said Frantz Saintellemy, President and CEO of LeddarTech. "With the demonstration of LVS-2 in the embedded system, we are creating a tremendous opportunity for OEMs and Tier 1-2 suppliers, allowing them to accelerate the development of cost-effective perception solutions and support reduced development costs and translate them into an advantage decisive in today's competitive environment. LeddarTech has collaborated with several leading customers to validate and confirm that the LVS-2 offers a strategic advantage that amplifies safety and efficiency in the configuration of L2/L2 ADAS applications. This monumental leap aligns perfectly with industry goals, including pursuing a 5-star NCAP 2025/GSR 2022 rating, making it a transformative step in automotive technology," Saintellemy concluded.
LeddarTech invites automotive OEMs, Tier 1s and analysts to visit its booth at CES 2024 in Las Vegas to meet with the team and experience its unique LeddarVision automotive software technology.
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.
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 LeddarTech's recent 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 recruit 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. firstname.lastname@example.org; financial media contact: Dan Brennan, ICR Inc. email@example.com
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