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LeddarTech Holdings Inc. (Nasdaq: LDTC) is a pioneering automotive software company based in Quebec City, known for its groundbreaking AI-based low-level sensor fusion and perception software solutions. Since its inception in 2007, LeddarTech has been a driving force in the development and deployment of Advanced Driver Assistance Systems (ADAS) and autonomous driving (AD) applications. The company's flagship product, LeddarVision™, leverages advanced AI and computer vision algorithms to create accurate 3D models of the environment, enabling safer navigation and better decision-making for vehicles.
In recent years, LeddarTech has achieved significant milestones, including its business combination with Prospector Capital Corp. in December 2023, which marked the company's debut as a publicly traded entity. This strategic move has bolstered LeddarTech's financial position, providing $49 million in gross cash proceeds to fuel further innovation and growth.
The company's innovative technologies have earned it a strategic licensing agreement with Renesas Electronics America Inc. for the commercialization of programmable system-on-chip (SoC) product families. LeddarTech's collaboration with Renesas underscores its pivotal role in advancing the automotive industry's shift towards ADAS and AD solutions.
In addition to its technological developments, LeddarTech has cultivated partnerships with industry giants like Arm Holdings plc and Immervision Inc. These collaborations aim to enhance the efficiency and cost-effectiveness of perception model training for ADAS and AD applications, paving the way for a safer, more autonomous future.
LeddarTech's commitment to innovation is reflected in its extensive portfolio of over 160 patent applications (87 granted), focusing on enhancing ADAS, AD, and parking capabilities. The company's advanced AI-driven software is designed to be scalable and cost-effective, catering to the needs of OEMs and Tier 1-2 suppliers globally.
The company's strategic initiatives and product launches have garnered attention at prestigious industry events, including CES 2024 and the Embedded World exhibition and conference. LeddarTech continues to demonstrate its cutting-edge technology, showcasing how its solutions integrate seamlessly with other industry-leading technologies to deliver superior performance and reliability.
With a strong leadership team and a clear vision for the future, LeddarTech is well-positioned to lead the charge in making global mobility safer, more efficient, and sustainable. For more information about LeddarTech, visit www.LeddarTech.com and follow the company on LinkedIn, Twitter (X), Facebook, and YouTube.
LeddarTech Holdings (NASDAQ: LDTC) announced its fiscal year 2024 results ended September 30, 2024. Key highlights include a strategic collaboration with Texas Instruments, involving royalty payments totaling US$10 million, with the first US$5 million tranche received in December. Revenue from continuing operations was $0.5 million, up from $0.2 million in FY2023. The company reported a net loss of $167.3 million, which includes a $69.3 million non-cash impairment charge and $59.1 million in listing expenses.
The company's cash balance as of December 17, 2024, was $20.8 million, bolstered by approximately C$23.9 million raised through various sources. LeddarTech responded to RFI/RFQs worth approximately $700 million in software sales value and conducted over 50 joint customer demonstrations during Q4.
LeddarTech Holdings (Nasdaq: LDTC), a company specializing in AI-based automotive software for ADAS, AD, and parking applications, has announced an upcoming Investor and Business Update conference call and webcast scheduled for December 18, 2024 at 8:00 a.m. EST.
The event will feature presentations from Frantz Saintellemy, President and CEO, and Chris Stewart, CFO. Investors can join via phone using (646) 307-1963 in the U.S. or (800) 715-9871 for international calls, with conference ID 1293674. A live webcast will also be available and archived on LeddarTech's Investor Relations website.
LeddarTech Holdings (Nasdaq: LDTC) has received the first full installment of advanced royalty payments from Texas Instruments (TI) under their strategic collaboration and software license agreement announced on December 9, 2024. The agreement aims to develop an integrated platform solution for ADAS and autonomous driving markets.
Following this payment, conditions have been met in both the Fourteenth Amending Agreement with Desjardins and the Second Amending Agreement with Bridge Lenders, establishing the short-term outside date as January 31, 2025. These amendments were related to the company's credit facility and bridge financing arrangements.
LeddarTech (Nasdaq: LDTC) has announced a strategic collaboration and software license agreement with Texas Instruments (TI) for ADAS and autonomous driving solutions. TI will provide advanced royalty payments to support joint commercialization. In connection with this, LeddarTech has amended its credit facility with Desjardins and bridge financing arrangements.
Key modifications include: temporary postponement of interest payments from July through December 2024, suspension of minimum cash covenant requirements, and extension of bridge loan maturity. These changes are contingent on receiving TI's first royalty payment installment and securing minimum gross proceeds of US$35 million from equity investments.
LeddarTech (Nasdaq: LDTC) has announced a strategic collaboration and software license agreement with Texas Instruments (TI) for advanced driver assistance systems (ADAS) and autonomous driving solutions. TI will make advanced royalty payments to license LeddarTech's LeddarVision AI-based fusion and perception software stack, which will be pre-integrated with TI's TDA processors.
The collaboration, developed over two years, aims to create an open, high-performance, and cost-efficient solution for ADAS and AD systems. The integrated solution has received positive feedback from automotive OEMs and Tier 1 suppliers. Key benefits include accelerated time-to-market, scalability, cost efficiency, and comprehensive end-to-end support.
LeddarTech (Nasdaq: LDTC) announces its participation at CES 2025 in Las Vegas, showcasing their latest AI-based automotive software solutions. The company will demonstrate three key products: LeddarVision Surround (LVS-2+) for enhanced full surround-view ADAS, LeddarVision Front-Entry (LVF-E) for L2/L2+ highway assist, and LeddarVision Parking (LVP-H) for intelligent parking applications. The exhibition will feature interactive demonstrations including a virtual reality experience and live on-road demonstrations. LeddarTech will collaborate with Texas Instruments and Arm to showcase their technology integration, demonstrating LVS-2+ on TI's TDA4VH-Q1 processor and AWS G5g platform.
LeddarTech (Nasdaq: LDTC), an automotive software company specializing in AI-based sensor fusion and perception software technology, has provided an update regarding its bridge financing arrangements. The company failed to secure required equity investments by the November 15, 2024 maturity date, as stipulated in both the Bridge Financing Offer with Bridge Lenders and the Desjardins Credit Facility. Despite missing the deadline, LeddarTech reports ongoing progress toward completing the financing and maintains active discussions with its lenders. No repayment notices have been received from Desjardins or Bridge Lenders to date.
LeddarTech (Nasdaq: LDTC) has achieved ISO/IEC 27001 certification on September 18, 2024, demonstrating its commitment to information security management. This certification establishes a robust information security management system (ISMS) and validates the company's ability to protect against cyber-attacks, data leaks, and theft. The certification aligns with global regulatory requirements, including GDPR and UNECE WP, strengthening LeddarTech's position as a provider of AI-based low-level sensor fusion and perception software technology for automotive applications.
LeddarTech Holdings Inc. (Nasdaq: LDTC), an automotive software company, has received the second tranche of US$3.0 million from its previously announced bridge financing. This is part of a total US$9.0 million Bridge Financing provided by principal shareholders FS Investors, Investissement Québec, and Fédération des caisses Desjardins du Québec. The first tranche of US$6.0 million was funded on August 19, 2024.
Additionally, FS Investors converted US$1.5 million of existing convertible notes into common shares at US$2.00 per share. The company also received about US$334,000 in Bridge Loans from management and board members. The Bridge Financing is considered a 'related-party transaction' but qualifies for exemption from formal valuation and minority shareholder approval due to the company's serious financial difficulty.
LeddarTech Holdings Inc. (Nasdaq: LDTC) has announced a strategic license agreement with Solid State LiDAR Protection Inc. This agreement allows Solid State LiDAR Protection to produce and market LeddarTech's advanced LiDAR module and sensor products. These solid-state LiDARs have been successful across various applications, with over 65,000 units delivered since 2010.
Under the agreement, Solid State LiDAR Protection will rebrand and commercialize the products, while LeddarTech will receive royalty payments from sales. This marks the closure of LeddarTech's remaining LiDAR activities. The deal, along with two other strategic licenses established in 2023, highlights LeddarTech's focus on AI-driven automotive software solutions for ADAS and autonomous driving.
The agreement ensures that all aspects of the business, including technology, manufacturing, and commercialization, remain in Quebec, Canada, managed by Canadian companies.
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