Articles from LeddarTech inc.

QUEBEC CITY, Canada, Oct. 03, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, proudly highlights the critical contributions of Texas Instruments and Arm in enhancing its groundbreaking LeddarVision products.

QUEBEC CITY, Canada, Aug. 14, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased to announce financial results for its fiscal third quarter 2024, which ended on June 30, 2024.

QUEBEC CITY, Canada, Sept. 18, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased to join Ficosa Internacional SA (“Ficosa”), a top-tier global provider devoted to the research, development, manufacturing and marketing of advanced technology vision, safety, connectivity and efficiency systems for the motor and mobility sectors, at Autosens Europe in Barcelona from October 8-10, 2024.

QUEBEC CITY, Canada, Aug. 06, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, announces it entered into an Eleventh Amending Agreement (the “Amendment and Waiver”) with Fédération des caisses Desjardins du Québec (“Desjardins”) with respect to the Amended and Restated Financing Offer dated as of April 5, 2023 (as amended, the “Desjardins Credit Facility”).

QUEBEC CITY, Canada, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, announced today that the Company entered into definitive agreements with certain of its principal shareholders, FS Investors (“FS”) and Investissement Québec (“IQ”), and its senior lender, Fédération des caisses Desjardins du Québec (“Desjardins” and, collectively with FS and IQ, the “Bridge Lenders”), pursuant to which the Bridge Lenders make available to the Company bridge loans (the “Bridge Loans”) in an aggregate amount of up to US$9.0 million (the “Bridge Financing”). Under the Bridge Financing, FS and IQ have the right, but not the obligation, to convert their respective Bridge Loan into common shares in the capital of the Company (“Common Shares”) at an initial conversion price of US$5.00 per Common Share, subject to adjustment, representing a premium of 852% above the closing price of the Common Shares on August 16, 2024.

QUEBEC CITY, Canada, July 31, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is proud to present the high-performance LeddarNavigator. This demo car will showcase the next level in ADAS technology to automotive OEMs and Tier 1s during its tour across Europe beginning July 25, 2024 and ending at Autosens Europe in Barcelona, Spain, on October 10, 2024.

QUEBEC CITY, Canada, July 29, 2024 (GLOBE NEWSWIRE) -- LeddarTech Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, announces it entered into a Tenth Amending Agreement (the “Waiver”) with Fédération des caisses Desjardins du Québec (“Desjardins”) with respect to the Amended and Restated Financing Offer dated as of April 5, 2023 (as amended, the “Desjardins Credit Facility”). As previously announced by the Company on July 5, 2024, pursuant to a Ninth Amending Agreement to the Desjardins Credit Facility, the Company was required to maintain an unencumbered cash balance (the “Minimum Cash Covenant”) of C$3.5 million from July 5, 2024 through July 6, 2024, and C$1.8 million from July 7, 2024 through July 26, 2024. Pursuant to the Waiver, among other things, Desjardins has temporarily reduced the required Minimum Cash Covenant to C$1.3 million from July 26, 2024 through August 5, 2024, after which time the Company will be obligated to maintain a minimum cash balance of C$5.0 million.

QUEBEC CITY, Canada, May 29, 2024 (GLOBE NEWSWIRE) -- LeddarTech Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased to announce that Frantz Saintellemy, President and Chief Executive Officer, and Chris Stewart, Chief Financial Officer, will be representing LeddarTech at two prestigious investor conferences in June.

QUEBEC CITY, Canada, May 15, 2024 (GLOBE NEWSWIRE) -- LeddarTech Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased today to announce financial results for its fiscal second quarter 2024, which ended on March 31, 2024.

QUEBEC CITY, Canada, Dec. 13, 2023 (GLOBE NEWSWIRE) -- LeddarTech® (NASDAQ: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS and AD, is thrilled to announce its presence at CES 2024 (booth 11014 LVCC/North Hall) and to offer visitors an exclusive glimpse into the next generation of software technology and inspired products enabling ADAS and AD applications.

Announcing the successful completion of a joint demonstrator for fail-operational architecture

QUEBEC CITY, Dec. 04, 2023 (GLOBE NEWSWIRE) -- LeddarTech Inc.® (“LeddarTech” or the “Company”), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS and AD, and Prospector Capital Corp. (“Prospector”) (NASDAQ: PRSR, PRSRU, PRSRW), a publicly traded special-purpose acquisition company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, today announced that on December 4, 2023 the U.S. Securities and Exchange Commission (the “SEC”) declared effective the Registration Statement on Form F-4, as amended, filed by LeddarTech Holdings Inc. (“Newco”) in connection with the previously announced proposed business combination (the “Business Combination”). The filing can be viewed in its entirety on the SEC’s website at www.sec.gov.

QUEBEC CITY, Canada, Nov. 15, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, proudly announces the appointment of Mr. Chris Stewart as Chief Financial Officer (“CFO”).

QUEBEC CITY, Canada, Nov. 01, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, announces that Frantz Saintellemy, President and Chief Operating Officer, is scheduled to participate in the following upcoming investor events:

QUEBEC CITY, Oct. 25, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, is pleased to announce its participation as a speaker and on-site exhibitor along with demonstrating its technology live with the LeddarCar at the Automotive USA 2023 conference on November 8-9, Huntington Place, Detroit, MI.

QUEBEC CITY, July 12, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, is thrilled to announce the successful integration of LeddarTech’s advanced LeddarVision™ software with Ficosa’s cutting-edge surround-view camera system, along with other sensors such as radars, IMU and GPS. Ficosa is a leading global company dedicated to the research, development, production and marketing of advanced vision, safety and efficiency solutions for the automotive industry.

LeddarTech’s LVF-E’s “B” sample featuring an embedded ECU introduces an unprecedented industry-first solution that brings high performance and reliability of low-level fusion to the entry-level ADAS market

QUÉBEC CITY, June 13, 2023 (GLOBE NEWSWIRE) -- LeddarTech Inc.® (“LeddarTech” or the “company”), an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, and Prospector Capital Corp. (“Prospector”) (Nasdaq: PRSR, PRSRU, PRSRW), a publicly traded special purpose acquisition company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, today announced their entry into a definitive business combination agreement that would result in LeddarTech becoming a publicly listed company. Upon closing of the transaction, which is expected by the fourth quarter of 2023, LeddarTech is expected to be listed on Nasdaq under the ticker symbol “LDTC.”

QUEBEC, May 10, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides innovative low-level sensor fusion and perception ADAS and AD software technology that is scalable and flexible while delivering high performance, today announces its participation as a Silver Sponsor at EcoMotion Week 2023 in Tel Aviv, Israel.

QUEBEC CITY, March 27, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, announces its third product launch since December with the LeddarVision™ Surround (LVS-2+). This product is a comprehensive fusion and perception software stack to support premium surround-view L2/L2+ ADAS highway assistance and 5-star NCAP 2025/GSR 2022 safety applications.

QUEBEC CITY, March 08, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, is pleased to announce its participation at Automotive Tech.AD Berlin at the Titanic Chaussee Hotel Berlin. LeddarTech is a Competence Partner of Tech.AD and will exhibit its technology; Pierre Olivier, CTO of LeddarTech, will be an event presenter.

QUEBEC, Dec. 13, 2022 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, is pleased to announce its participation at CES 2023, January 5-8 in Las Vegas, where it will showcase its automotive-grade software enabling ADAS and AD at booth # 5475, LVCC West Hall.

QUEBEC CITY, Dec. 07, 2022 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, is pleased to announce the launch of the LeddarVision™ Front-View-E (LVF-E) and LeddarVision™ Front-View-H (LVF-H), two distinct comprehensive low-level fusion and perception software stacks that optimally combine sensor modalities for Level 2/2+ ADAS applications achieving a 5* NCAP 2025/GSR 2022 rating.

QUEBEC CITY, Nov. 30, 2022 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, is pleased to announce that its LeddarVision™ low-level sensor fusion and perception solution received the highly coveted Sensor Perception award at Tech.AD USA on November 14, 2022 in Detroit. This event, the leading knowledge exchange platform in North America, brings together major stakeholders who play an active role in the vehicle automation scene. Among all applications submitted, the best nine projects were nominated by an international jury of experts for the final round covering three distinct categories.

QUEBEC CITY, Oct. 19, 2022 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and A.D. software technology, is pleased to announce its participation at two key automotive events in Detroit, Michigan where it will demonstrate LeddarVision™, a unique raw data sensor fusion and perception solution that enables the mass deployment of ADAS and autonomous driving solutions.

QUEBEC, Oct. 11, 2022 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce it is adopting a business strategy that translates to greater financial and team resources dedicated to an automotive software business model.