LeddarTech Secures Initial OEM Agreement for Implementing LeddarVision Advanced Driver-Assistance System

LeddarTech's ADAS Solution Chosen by Leading Global Commercial Vehicle Manufacturer

LeddarTech, a global software company based in Quebec City, Canada, has made a significant stride in the automotive industry. The company's advanced ADAS (Advanced Driver-Assistance Systems) solution, LeddarVision, has been selected by a leading global commercial vehicle manufacturer for model year 2028 vehicles.

LeddarVision stands out for its superior performance and efficiency in a multi-modal sensor system, combining both cameras and radars. This solution generates accurate 3D models of the environment, enabling better decision-making and safer navigation.

The collaboration with the OEM, Navistar, for 2028 truck models is expected to start immediately. The project's revenue from engineering services is anticipated to begin in 2025, with per-vehicle royalty revenue expected in late 2027.

LeddarTech develops AI-based low-level sensor fusion and perception software solutions for ADAS, autonomous driving (AD), and parking applications. Their technology is scalable and cost-effective, available to OEMs and Tier 1-2 suppliers for efficient implementation of ADAS solutions.

LeddarTech's technology is backed by over 170 patent applications, 87 of which have been granted, enhancing ADAS, AD, and parking capabilities. The company aims to become the most widely adopted sensor fusion and perception software solution for global mobility.

However, it's important to note that LeddarTech's forward-looking statements are subject to various risks and uncertainties, including potential delays or failure to agree on definitive agreements with the OEM. Actual results could differ materially from those contained in any forward-looking statement due to various factors, including unpredictability and severity of catastrophic events.

LeddarTech's stock is traded on Nasdaq under the ticker symbol LDTC. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement. LeddarTech's reports detailing risk factors are available on the SEC's website.

Founded in Montreal and with R&D centres in Tel Aviv, Israel, LeddarTech is a trailblazer in the automotive software industry, positioning itself at the forefront of the autonomous driving revolution.