QUEBEC CITY, Canada, Jan. 13, 2025 (GLOBE NEWSWIRE) — LeddarTech ® Holdings Inc . (LeddarTech) (Nasdaq: LDTC), an automotive software company that provides a patented disruptive AI-based low-level sensor fusion and software perception technology, LeddarVision™, today announced that it has completed its presence at the 2025 Consumer Electronics Show (CES) and achieved key strategic milestones. The culmination of the event shows that the company is ready to deliver exceptional value to its customers.
Encouraging innovation through strategic partnerships
Following the successful demonstration of LeddarVision Surround (LVS-2+) software at CES 2025 using the Texas Instruments (NASDAQ:) (TI) TDA4VH-Q1 processor, LeddarTech has now received a second advanced royalty payment of $3 million as part of its licensing agreement. This partnership, announced in early December 2024, aims to leverage the integration of LeddarTech’s revolutionary LeddarVision software into TI’s scalable processor portfolio to create a comprehensive platform for the Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) markets. This collaboration marks a key step forward in providing superior solutions to OEMs and Tier 1 suppliers, underscoring LeddarTech’s commitment to innovation and leadership.
Enthusiasm of customers and partners at CES 2025
At CES 2025 in Las Vegas, LeddarTech unveiled its LeddarVision Surround-View (LVS-2+), a state-of-the-art software stack tailored to L2/L2+ ADAS applications for highways and cities. This revolutionary technology addresses critical challenges facing the automotive industry, setting new benchmarks in safety and performance and enabling car manufacturers to cost-effectively meet NCAP 2025/GSR 2022 5-star requirements.
During the event, LeddarTech conducted booth demonstrations of the software platform, product presentations and high-level meetings with OEMs, Tier 1 suppliers and strategic partners. LeddarTech has also conducted multiple Live LeddarsNnavigation demonstrations. During CES 2025, LeddarTech gathered potential customers and forged the beginnings of several potential new partnerships with significant players in the automotive industry.
This enthusiastic reception highlights the growing demand for LeddarTech’s AI platform software, which helps its customers develop ADAS and AD solutions to reduce road casualties.
Building a bright future
As LeddarTech looks ahead, the company remains steadfast in its vision to transform mobility. With more than 170 patent applications (87 granted) and a legacy of innovation, LeddarTech is uniquely positioned to lead the industry in creating safer, more efficient and sustainable transportation systems.
2025 marks an exciting new chapter for LeddarTech, said Frantz Saintellemy, President and CEO of LeddarTech. Our strategic partnerships, increased customer appeal, new products and extremely positive market response at CES reaffirm our confidence in the future. We remain committed to delivering exceptional value to our customers and shareholders as we continue to power the future of mobility.
About LeddarTech
A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides end-to-end software solutions for low-level sensor fusion and artificial intelligence-based perception that enable the implementation of ADAS- and, autonomous driving (AD) and parking applications. LeddarTech’s automotive software applies advanced artificial intelligence 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 ADAS solutions for automotive and off-road vehicles.
LeddarTech is responsible for several remote sensing innovations, with over 170 patent applications (87 granted) that improve ADAS, AD and parking capabilities. Better vehicle awareness is key to creating safer, more efficient, sustainable and affordable global mobility: this is what drives LeddarTech to strive to become the most adopted sensor fusion and perception software solution.
Additional information about LeddarTech is available at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook (NASDAQ: ) and YouTube.
Forward-looking statements
Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the US 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 statements that are forward-looking 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 on or relate to future events or conditions, and include words such as may, will, should, will, expect, predict, 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 may differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) our ability to access sufficient capital and financing on favorable terms or at all on a timely basis; (ii) our ability to maintain compliance with our debt covenants, including our ability to enter into any submission, waiver or amendment agreements with our lenders or obtain other relief from them as appropriate; (iii) our ability to execute our business model, achieve design success and generate significant revenue; (iv) our ability to successfully commercialize our product offerings on a large scale, whether through a collaboration agreement with Texas Instruments, collaboration with a Tier 2 supplier or otherwise; (v) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, projects, prospects and plans; (vi) changes in general economic conditions and/or industry-specific conditions; (vii) our ability to retain, attract and employ key personnel; (viii) potential negative changes in relationships with our customers, employees, suppliers or other parties; (ix) legislative, regulatory and economic development; (x) the outcome of all known and unknown litigation and regulatory proceedings; (xi) the unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, the outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, and management’s response to any of the foregoing factors; and (xii) other risk factors set forth from time to time in LeddarTech’s reports filed with the US Securities and Exchange Commission (SEC), including the risk factors contained in LeddarTech’s Form 20-F filed with the SEC. 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 statement or to make any other forward-looking statement, 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
- Contact for investor relations: Mike Bishop Mike@BishopIr.com
- Contact for financial media: 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 the products or services of their respective owners.
LeddarTech Holdings Inc. the public company is listed on Nasdaq under the symbol LDTC.
Source: LEDDARTECH HOLDINGS INC.
