QUEBEC CITY, Jan. 9, 2024 /PRNewswire/ -- LeddarTech®, an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD and parking applications, announces the availability and unveiling of the LeddarVision Surround-View (LVS-2+) at CES 2024. The LVS-2+ was developed on the Nvidia Orin embedded system, with the flexibility to be ported to other embedded platforms.
The LVS-2+ is engineered to power premium L2/L2+ ADAS highway assistance and achieve the coveted 5-star NCAP 2025/GSR 2022 safety rating. The LVS-2+ follows the LeddarVision Front-Entry (LVF-E) comprehensive AI-based low-level fusion and perception software in becoming the second AI-based low-level fusion and perception software product to demonstrate maturity on the embedded system.
Born from the innovative LeddarVision AI-based low-level sensor fusion and perception software architecture, the LVS-2+:
- Masterfully expands upon the capabilities of the LVF product family through its flexibility to adapt to different sensor configurations. The LVS-2+ seamlessly evolves from the foundational 1VxR sensor configuration to the advanced 5V5R configuration.
- Is the first AI-based low-level sensor fusion and perception product that eliminates the need for side cameras typically implemented in the legacy 11V5R configuration.
- Achieves surround-view perception using a 5V5R sensor architecture, which will accelerate mass deployment of premium L2/L2+ ADAS by significantly lowering hardware and system implementation costs. This transformation equips vehicles with improved support for vital functions such as traffic jam assist (TJA) and highway assist (HWA), as well as a vastly enhanced speed range for adaptive cruise control (ACC).
- Delivers a comprehensive fusion and perception software stack supporting premium surround-view L2/L2+ ADAS highway assistance.
"The LeddarVision LVS-2+ marks a paradigm shift, delivering unparalleled clarity, conviction and credibility," stated Frantz Saintellemy, President and CEO of LeddarTech. "With the demonstration of LVS-2+ on the embedded system, we're igniting a tremendous opportunity for OEMs and Tier 1-2 suppliers, empowering them to accelerate the development of cost-effective perception solutions and support reduced development costs and translating into a decisive edge in today's competitive arena. LeddarTech has been engaged with various lead customers to validate and confirm that the LVS-2+ offers a strategic advantage that amplifies safety and efficiency in shaping L2/L2+ ADAS applications. This monumental leap aligns seamlessly with industry objectives, including the pursuit of a 5-star NCAP 2025/GSR 2022 rating, making it a transformative stride in automotive technology," Mr. Saintellemy concluded.
LeddarTech invites automotive OEMs, Tier 1s and analysts to visit their booth at CES 2024 in Las Vegas to meet with the team and experience their unique LeddarVision automotive software technology
About LeddarTech
A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto 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 150 patent applications (80 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.
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 shall 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, and the anticipated tax treatment of the business combination; (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 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; and (xi) 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 final prospectus filed with the SEC on December 4, 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.
Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
LeddarTech Holdings Inc. is a public company listed on the NASDAQ under the ticker symbol "LDTC."
Contact: Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com; Investor relations website: investors.LeddarTech.com; Investor relations contact: Kevin Hunt, ICR Inc. kevin.hunt@icrinc.com; Financial media contact: Dan Brennan, ICR Inc. dan.brennan@icrinc.com
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