LeddarTech Announces First OEM Design Win for LeddarVision ADAS Solution
LeddarTech (NASDAQ: LDTC) has announced its first major OEM design win, with a leading global commercial vehicle manufacturer selecting LeddarVision as their fusion and perception software supplier for 2028 model year vehicles. The selection comes after a comprehensive market evaluation, where LeddarVision stood out for its superior performance in multi-modal sensor systems.
The project begins immediately, with revenue expected to start in 2025 through engineering services, followed by per-vehicle royalty revenue in late 2027. This milestone follows LeddarTech's recent collaboration with Texas Instruments, which included nearly $10 million in pre-paid royalties.
The LeddarVision platform utilizes AI and sensor fusion technology to enhance driver safety and enable greater vehicle autonomy, helping OEMs meet industry safety standards while addressing consumer demands for advanced ADAS features.
LeddarTech (NASDAQ: LDTC) ha annunciato il suo primo importante risultato di design OEM, con un produttore globale leader di veicoli commerciali che ha scelto LeddarVision come fornitore di software per fusione e percezione per i veicoli dell'anno modello 2028. La selezione è avvenuta dopo una valutazione di mercato completa, durante la quale LeddarVision si è distinto per le sue prestazioni superiori nei sistemi di sensori multimodali.
Il progetto inizia immediatamente, con ricavi previsti a partire dal 2025 grazie ai servizi ingegneristici, seguiti da ricavi da royalty per veicolo a fine 2027. Questo traguardo segue la recente collaborazione di LeddarTech con Texas Instruments, che ha incluso quasi 10 milioni di dollari in royalty prepagate.
La piattaforma LeddarVision utilizza tecnologia AI e fusione di sensori per migliorare la sicurezza del conducente e consentire una maggiore autonomia del veicolo, aiutando i produttori di attrezzature originali (OEM) a soddisfare gli standard di sicurezza del settore, rispondendo al contempo alle esigenze dei consumatori per caratteristiche ADAS avanzate.
LeddarTech (NASDAQ: LDTC) ha anunciado su primera gran victoria en diseño OEM, con un fabricante global líder de vehículos comerciales que ha seleccionado LeddarVision como su proveedor de software de fusión y percepción para los vehículos del año modelo 2028. La selección se produce tras una exhaustiva evaluación del mercado, donde LeddarVision destacó por su rendimiento superior en sistemas de sensores multimodales.
El proyecto comienza inmediatamente, con ingresos esperados a partir de 2025 a través de servicios de ingeniería, seguidos de ingresos por regalías por vehículo a finales de 2027. Este hito sigue a la reciente colaboración de LeddarTech con Texas Instruments, que incluyó casi 10 millones de dólares en regalías prepagadas.
La plataforma LeddarVision utiliza tecnología de IA y fusión de sensores para mejorar la seguridad del conductor y permitir una mayor autonomía del vehículo, ayudando a los OEM a cumplir con los estándares de seguridad de la industria mientras abordan las demandas de los consumidores por características ADAS avanzadas.
LeddarTech (NASDAQ: LDTC)가 첫 번째 주요 OEM 디자인 수주를 발표했습니다. 세계적인 상용차 제조업체가 2028년 모델 차량을 위한 융합 및 인식 소프트웨어 공급업체로 LeddarVision을 선택했습니다. 이 선택은 시장 평가를 통해 이루어졌으며, LeddarVision은 다중 모드 센서 시스템에서의 뛰어난 성능으로 두각을 나타냈습니다.
프로젝트는 즉시 시작되며, 2025년부터 엔지니어링 서비스를 통해 수익이 발생할 것으로 기대되며, 2027년 말에는 차량당 로열티 수익이 뒤따를 예정입니다. 이번 이정표는 LeddarTech가 Texas Instruments와 최근 협력한 이후의 결과로, 이에는 거의 1000만 달러의 선불 로열티가 포함되었습니다.
LeddarVision 플랫폼은 AI 및 센서 융합 기술을 활용하여 운전자의 안전을 개선하고 차량의 자율성을 높이며, OEM이 업계 안전 기준을 충족하도록 도와주고, 소비자의 첨단 ADAS 기능에 대한 수요를 충족합니다.
LeddarTech (NASDAQ: LDTC) a annoncé son premier gain de design OEM majeur, un fabricant mondial de véhicules commerciaux ayant choisi LeddarVision comme fournisseur de logiciels de fusion et de perception pour les véhicules de l'année modèle 2028. Ce choix vient après une évaluation approfondie du marché, où LeddarVision s'est démarqué par sa performance supérieure dans les systèmes de capteurs multimodaux.
Le projet débute immédiatement, avec des revenus attendus à partir de 2025 grâce à des services d'ingénierie, suivis de revenus de redevances par véhicule à la fin de 2027. Ce jalon fait suite à la récente collaboration de LeddarTech avec Texas Instruments, qui a inclus près de 10 millions de dollars de redevances prépayées.
La plateforme LeddarVision utilise l'IA et la technologie de fusion de capteurs pour améliorer la sécurité des conducteurs et permettre une plus grande autonomie des véhicules, aidant ainsi les OEM à respecter les normes de sécurité de l'industrie tout en répondant aux demandes des consommateurs pour des fonctionnalités ADAS avancées.
LeddarTech (NASDAQ: LDTC) hat seinen ersten großen OEM-Designgewinn bekannt gegeben. Ein führender globaler Hersteller von Nutzfahrzeugen hat LeddarVision als Lieferanten von Fusions- und Wahrnehmungssoftware für die Modelljahresfahrzeuge 2028 ausgewählt. Diese Auswahl erfolgte nach einer umfassenden Marktbewertung, in der sich LeddarVision durch seine überlegene Leistung in multimodalen Sensorsystemen abhebt.
Das Projekt beginnt sofort, wobei ab 2025 mit Einnahmen durch Ingenieurdienstleistungen gerechnet wird, gefolgt von fahrzeugspezifischen Lizenzgebühren Ende 2027. Dieser Meilenstein folgt auf die kürzliche Zusammenarbeit von LeddarTech mit Texas Instruments, die fast 10 Millionen Dollar an Vorauszahlungen für Lizenzgebühren umfasste.
Die Plattform LeddarVision nutzt KI und Sensortechnologie zur Verbesserung der Sicherheit der Fahrer und zur Ermöglichung einer höheren Fahrzeugsautonomie, wodurch es OEMs hilft, die Sicherheitsstandards der Branche zu erfüllen und gleichzeitig den Verbraucheranforderungen an fortschrittliche ADAS-Funktionen gerecht zu werden.
- Secured first major OEM contract for 2028 model year vehicles
- Revenue generation to begin in 2025 through engineering services
- Additional revenue stream through per-vehicle royalties starting late 2027
- Recent Texas Instruments deal secured ~$10M in pre-paid royalties
- Project arrangement still subject to definitive agreements
- Revenue generation from vehicle royalties won't start for nearly 3 years
Insights
The selection of LeddarTech's LeddarVision by a major commercial vehicle OEM marks a pivotal moment in the ADAS software market. This design win is particularly significant as it validates LeddarTech's innovative low-level fusion approach, which represents a fundamental shift from traditional high-level fusion methods in the industry.
The strategic importance of this win extends beyond immediate revenue potential. The combination of engineering services revenue starting in 2025 and per-vehicle royalties from late 2027 establishes a dual-stream revenue model that could significantly enhance LeddarTech's financial stability. The selection after comprehensive market evaluation suggests LeddarTech's technology has achieved superior price-performance metrics compared to competitors.
The timing aligns perfectly with the broader industry transition toward more sophisticated ADAS systems in commercial vehicles. The 2028 model year target indicates this is a forward-looking program designed to meet evolving safety standards and market demands. The multi-modal sensor system compatibility (cameras and radars) positions LeddarTech advantageously in the market, as it offers scalability across various vehicle models and sensor configurations - a important factor for OEMs looking to optimize costs while maintaining performance.
Following the Texas Instruments collaboration with
LeddarVision selected by a leading global commercial vehicle manufacturer for model year 2028 vehicles with immediate project start
QUEBEC CITY, Canada, Feb. 03, 2025 (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™, today announced a major milestone: one of the world’s leading commercial vehicle OEMs (original equipment manufacturers) has selected LeddarTech as the fusion and perception software supplier for their advanced driver assistance system (ADAS) program for 2028 model year vehicles.
LeddarVision was selected for this mainstream commercial vehicle platform after a comprehensive evaluation by the customer of the leading solutions available in the market today. LeddarVision stood out for its superior performance and efficiency in a multi-modal sensor system with both cameras and radars, and the ability to scale to various models and sensor configurations. LeddarTech revenue from this design win is expected to begin in 2025 for engineering services, with per-vehicle royalty revenue anticipated in late 2027. While project work is to commence immediately, the arrangement remains subject to the parties entering into definitive agreements.
“This award comes on the heels of the recently announced Texas Instruments collaboration and license agreement with close to US
LeddarTech’s LeddarVision platform delivers an environmental model that enhances driver safety and enables greater autonomy. By leveraging cutting-edge AI and sensor fusion technology, LeddarTech enables automotive OEMs to meet increasingly challenging industry safety standards while addressing consumer demands for more advanced ADAS features.
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 170 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.
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 selection by the OEM referred to above, 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 risk that LeddarTech and the OEM referred to above are unable to agree to final terms in definitive agreements; (ii) the volume of future orders (if any) from this OEM, actual revenue derived from expected orders, and timing of revenue, if any; (iii) the possibility that anticipated benefits of LeddarTech’s recent business combination will not be realized; (iv) 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; (v) changes in general economic and/or industry-specific conditions; (vi) possible disruptions from the business combination that could harm LeddarTech’s business; (vii) the ability of LeddarTech to retain, attract and hire key personnel; (viii) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties; (ix) potential business uncertainty, including changes to existing business relationships following the business combination that could affect LeddarTech’s financial performance; (x) legislative, regulatory and economic developments; (xi) 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; (xii) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; (xiii) LeddarTech’s ability to execute its business model, achieve design wins and generate meaningful revenue; and (xiv) 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, 2024. 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.
Contact:
Chris Stewart, Chief Financial Officer, LeddarTech Holdings Inc.
Tel.: + 1-514-427-0858, chris.stewart@leddartech.com
- Investor relations website: investors.leddartech.com
- Investor relations contact: Mike Bishop, mike@bishopir.com
Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings 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.”
FAQ
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