QUEBEC CITY, Sept. 22, 2020 (GLOBE NEWSWIRE) -- LeddarTech®, a leader in level 1-5 ADAS and AD sensing technology, is pleased to announce the acquisition of the assets of Phantom Intelligence, including all of its intellectual property and technology.
Founded in 2011, Phantom Intelligence is recognized for their expertise in
signal processing and LiDAR technology that protects vulnerable road users
(VRUs) and improves the safety and fluidity of travel by offering solutions
that enable reliable advanced driver assistance systems (ADAS).
The Phantom Intelligence transaction on September 14, 2020 represents the
second acquisition by LeddarTech in the last three months. In July of 2020,
LeddarTech acquired VayaVision,
an Israel-based sensor-fusion and perception technology company. The
acquisition of Phantom Intelligence provides LeddarTech access to specific
LiDAR designs, software, and associated customer and partner projects. The
company and its intellectual property will transition under the LeddarTech
brand.
“The Phantom Intelligence acquisition further advances our strategy to
aggregate and consolidate automotive sensing technologies, enabling LeddarTech
to offer comprehensive solutions to our customers at lower costs,” stated Mr.
Frantz Saintellemy, President and COO of LeddarTech. “At LeddarTech we have,
despite the COVID 19 pandemic, accelerated our drive towards serving multiple
transportation and vehicle markets with end-to-end sensing solutions that
provide our ADAS and AD customers a faster path to market at lower costs,”
continued Mr. Saintellemy. “The acquisitions of VayaVision and Phantom
Intelligence, combined with our decade-long expertise in groundbreaking L1-5
ADAS and AD sensing technologies, demonstrate our commitment to continuous
innovation and service to our Tier 1-2, OEM, and autonomous mobility
customers,” concluded Mr. Saintellemy.
About LeddarTech
LeddarTech is a leader in environmental sensing solutions for autonomous
vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech
has evolved to become a comprehensive end-to-end environmental sensing company
by enabling customers to solve critical sensing and perception challenges
across the entire value chain of the automotive and mobility market segments
with its LeddarVision™ sensor-fusion and perception platform. LeddarTech
delivers a cost-effective, scalable, and versatile LiDAR development solution
to Tier 1-2 automotive system integrators that enables them to develop
automotive-grade solid-state LiDARs based on the foundation of the
LeddarEngine™. LeddarTech has 14 generations of solid-state LiDARs based on the
LeddarEngine platform operating 24/7 in harsh environments. This platform is
actively deployed in autonomous shuttles, trucks, buses, delivery vehicles,
smart cities/factories, and robotaxi applications. The company is responsible
for several innovations in cutting-edge automotive and mobility remote-sensing
applications, with over 95 patented technologies (granted or pending) enhancing
ADAS and autonomous driving capabilities.
Additional information about LeddarTech is accessible at www.leddartech.com
and on LinkedIn,
Twitter,
Facebook,
and YouTube.
Contact:
Daniel Aitken, Vice-President, Global Corporate Marketing and Communications,
LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232
daniel.aitken@leddartech.com
Leddar, LeddarTech, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, 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.
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