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.

In 2022, LeddarTech and Ficosa established a strategic collaboration to develop a pioneering Intelligent Parking Assistance system. In 2023, this resulted in 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, IMUs and GPS. The collaboration between LeddarTech and Ficosa marks a significant milestone, empowering car manufacturers to deliver an enhanced driving experience while also advancing the development of autonomous vehicles.

During Autosens, LeddarTech will provide live demonstrations of the products developed for entry-level and premium Level 2/2+ ADAS applications using the LeddarVision platform. These applications target the stringent 5-star NCAP 2025/GSR 2022 safety standards and highway assist.

“We’re excited to continue our collaboration with Ficosa at Autosens Europe,” said Antonio Polo, Sr. Vice-President of Product and Business Development at LeddarTech. Mr. Polo continued, “Our recent announcement of the Leddar Navigator European Roadshow highlights our commitment to showcasing the forefront of ADAS technology. The Leddar Navigator demo car will present this cutting-edge technology to automotive OEMs and Tier 1 suppliers across Europe, with Autosens being a key stop on this journey.”

Autosens Europe: Barcelona, Spain

Dates: October 8-10, 2024

Ficosa Booth: # 212

LeddarTech Demonstration: Automotive Tier 1-2 customers are invited to arrange a live demonstration in the Leddar Navigator during Autosens Europe. Click here to arrange an appointment.

What to Expect: The Leddar Navigator is equipped with the LeddarVision AI-based low-level sensor fusion and perception family of automotive software products. These extend sensor performance beyond what is typically achieved with object-level fusion and address the known cost and performance challenges Tier 1-2 suppliers and OEMs struggle with when developing L2/L2+ ADAS applications.

• LVS-2⁺ (LeddarVision Surround-View), a comprehensive fusion and perception software solution designed to elevate ADAS capabilities for premium surround-view, addressing safety and highway assist applications. It scales from a basic 2V4R to an advanced 5V5R sensor configuration.
• LVF-E (LeddarVision Front Entry), an innovative front-view fusion and perception stack supporting highway assist ADAS. It utilizes a streamlined sensor setup of a single front camera and two short-range corner radars and is combined with Texas Instruments’ TDA4VE processor.

Visit the LeddarNavigator European Roadshow event page for information on important dates and demo locations in Spain, France, Italy and Germany.

About Ficosa

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, with a vocation to contribute to society through its commitment to technological innovation, human values and energy efficiency. Founded in 1949 and with headquarters in Barcelona, Ficosa currently employs more than 8,500 people and has production and R&D centers and sales offices in Europe, North and South America, Asia and Africa. The Rear-View System (interior/side mirror) is Ficosa’s main, globally renowned business, which is recognized by the world’s leading original equipment manufacturers (OEMs). www.ficosa.com

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 comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. 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 high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 160 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

LeddarTech might, in the scope of collaborations, partnerships and projects, from time to time, collect with test vehicles 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 within the scope of developing and training our software and products. For further information about the processing activities, which include the collection, use, storage and communication of the personal information, as well as the associated personal information protection rights and how to exercise them, please consult LeddarTech’s Privacy Policy.

Additional information about LeddarTech is accessible 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 of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements 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 upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “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 could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the possibility that anticipated benefits of LeddarTech’s recent business combination will not be realized; (ii) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may result in significant costs of defense, indemnification and liability; (iii) changes in general economic and/or industry-specific conditions; (iv) possible disruptions from the business combination that could harm LeddarTech’s business; (v) the ability of LeddarTech to retain, attract and hire key personnel; (vi) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties, including as a result of the business combination; (vii) potential business uncertainty, including changes to 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, outbreak or escalation of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned 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 does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.