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LeddarTech Announces Collaboration with Texas Instruments for Advanced Driver Assistance Systems and Autonomous Driving Solutions | 09.12.24

LeddarTech Announces Collaboration with Texas Instruments for Advanced Driver Assistance Systems and Autonomous Driving Solutions | 09.12.24

TI will make advanced royalty payments to license LeddarTech software

QUEBEC CITY, Canada, December 9, 2024 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company delivering proprietary disruptive AI-based sensor fusion and low-level perception software technology, LeddarVision, today announced that LeddarTech and Texas instruments (“TI”) have entered into a strategic collaboration agreement and a software licensing agreement to enable a comprehensive, integrated platform solution for the advanced driver assistance systems (ADAS) and autonomous driving (AD) markets. Under the license agreement, TI has agreed to make advanced royalty payments to catalyze the joint commercialization.

The collaboration and licensing agreements will enable TI to commercialize a bundled solution that features LeddarTech’s LeddarVision AI-based fusion and perception software stack, pre-integrated and validated on TI’s TDA scalable portfolio of Arm-based processors. LeddarTech and TI have worked closely together for almost two years to integrate LeddarTech’s software with TI’s hardware to create an open, comprehensive, powerful and cost-efficient solution for ADAS and AD systems that spans the entire automotive OEM landscape. and can serve their Tier 1 suppliers. .

LeddarTech and TI have developed an integrated roadmap of ADAS and AD features, leveraging LeddarTech’s LeddarVision software already running on TI’s TDA4 processor family, and with plans to announce new industry-leading ADAS feature performance in the coming months. This integrated solution has been presented to several automotive OEMs and Tier 1 automotive suppliers with very positive feedback on the feature specifications and performance of the combined processor and software bundle.

Expected benefits for automotive OEMs and Tier 1 suppliers:

  • Accelerated time-to-market: Pre-integration of LeddarVision’s AI-based data fusion with TI’s TDA4 processor can enable faster deployment.
  • Scalable and flexible: A single-platform solution that scales across models and feature sets, saving valuable time and reducing integration costs.
  • Cost efficiency: LeddarVision’s sensor-agnostic platform architecture reduces the number of sensors and costs, optimizing ADAS systems while improving safety and performance.
  • Best performance in its class: Delivers top performance for all components and systems, ensuring high-quality results for automotive applications.
  • Extensive solution: Advanced tools, simulation capabilities, datasets and cloud services support seamless development and high-quality results.
  • End-to-end support: Full lifecycle support from innovation to implementation, ensuring smooth execution at every stage.
  • Uniform perception: Integration of LeddarTech’s sensor fusion software with TI’s high-performance SoCs for real-time processing, enabling simplified integration and multi-application capabilities.

Frantz Saintellemy, president and CEO of LeddarTech, said: “We believe today’s agreement with Texas Instruments is an important milestone toward LeddarTech’s goal of becoming one of the leading players in ADAS and AD software This agreement with Texas Instruments and their commitment to making advanced royalty payments is an important market validation of LeddarVision and the potential to achieve significant near-term success in the automotive ADAS market.”

An invitation to participate in a conference call to gain further insight into this strategic partnership agreement and the expected benefits for the sector

LeddarTech’s President and CEO, Frantz Saintellemy, and CFO, Chris Stewart, will host a conference call and webcast on December 9, 2024 at 1:00 PM ET to discuss the agreements with Texas Instruments. Register here for the conference call. Following the event, this webcast will be archived on LeddarTech’s Investor Relations website at https://investors.leddartech.com/.

About LeddarTech

LeddarTech, a global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, develops and delivers comprehensive AI-based sensor fusion and low-level perception software solutions that enable the deployment of ADAS, autonomously drive, make possible. (AD) and parking requests. 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 powerful, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently deploy automotive and off-road ADAS solutions.

LeddarTech is responsible for several innovations in remote sensing, with more than 170 patent applications (87 granted) that improve ADAS, AD and parking capabilities. Better vehicle awareness is key to making global mobility safer, more efficient, more sustainable and more affordable: this is what is driving LeddarTech to become the most widely used sensor fusion and perception software solution.

LeddarTech may, in the context of collaborations, partnerships and projects, from time to time use test vehicles to collect personal information, i.e. information that directly or indirectly identifies members of the public. Collected personal information may be processed, used, stored and communicated by LeddarTech in the context of the development and training of our software and products. For more information about the processing activities, including the collection, use, storage and communication of the personal information, as well as the associated rights to the protection of personal information and how to exercise them, please see LeddarTech’s privacy policy.

Additional information about LeddarTech is available at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook And YouTube.

Forward-Looking Statements

Certain statements in this press release may be deemed to be 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, such as (which forward-looking statements include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements regarding LeddarTech’s expected strategy, future activities, prospects, objectives and financial projections and other financial measures. Forward-looking statements generally include statements that are predictive in nature and depend on or refer to future events or circumstances and include words such as “may”, “will”, “would”, “would”, “expect”, “anticipate” ‘. “Plan,” “likely,” “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 may differ materially from those expressed in any forward-looking statement 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; (ii) the risk that shareholder litigation related to the business combination or other settlements or investigations could result in significant defense, indemnification and liability costs; (iii) changes in general economic and/or sector-specific conditions; (iv) potential disruptions to the business combination that could harm LeddarTech’s business; (v) LeddarTech’s ability to retain, attract and employ key personnel; (vi) possible side effects or changes in relationships with customers, employees, suppliers or other parties; (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) the unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, the outbreak or escalation of war or hostilities and any outbreaks of epidemics, pandemics or diseases (including COVID-19), as well as management’s response on any of the above 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 undertakes no obligation to revise or update any forward-looking statement, or to make a forward-looking statement. all 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. Phone: +1-418-653-9000 ext. 232 [email protected]

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 brands are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

LeddarTech Holdings Inc. is a publicly traded company listed on the Nasdaq under the ticker symbol ‘LDTC’.