QUEBEC CITY, Jan 27 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in Level 1-5
ADAS and AD sensing technology, announces notable and significant growth in
2020.
Despite the pandemic, LeddarTech, a
pioneer in automotive sensing technology, boosted growth in investment, units
sold, ecosystem partnerships, strategic customer engagements, and acquisitions
in 2020. In November of 2020, LeddarTech was recognized by Tracxn in a category
of only six Canadian corporations as a Unicorn, defined by Tracxn as one with a
valuation exceeding the billion, and even the multi-billion-dollar mark in some
cases, representing the elite of the Canada Tech start-up sector.
Major 2020 Achievements:
· Reached over $350 million of investments from
industry leaders.
· . Contracted six
Tier-1 and OEM customers to develop LiDAR measurement software, sensor fusion,
and perception technology to enable ADAS and autonomous driving applications
with a lifetime value over US$1.5
billion, supporting a growing opportunity funnel well over US$4.0 billion.
· . Signed strategic partnership agreements with three global automotive Tier-1/2
customers for LiDAR platform development.
· . Delivered over 9,000 low-cost solid-state
LiDAR sensors to customers, a
double-digit increase over 2019.
· . Announced volume
production of the award-winning Leddar™ Pixell with manufacturing partner
Faurecia-Clarion Malaysia.
· .. Announced the addition of four major global
technology companies as collaborative
partners for joint delivery of LiDAR solutions to the market within the Leddar™
Ecosystem, including STMicroelectronics, Flex, dSPACE, and Ningbo Sunny
Optical. LeddarTech expects to report further additions to the Leddar Ecosystem
H1 of 2021.
· . Expanded
collaboration with Renesas to accelerate autonomous driving and ADAS
development. This platform combines LeddarTech’s industry-leading raw data sensor fusion stack and LiDAR
technology with Renesas’ newly launched R-Car V3U, a best-in-class ASIL D
system-on-chip (SoC) for ADAS and AD systems.
· . Accelerated automotive sensing solutions
through two acquisitions:
o - Phantom
Intelligence: This acquisition advanced LeddarTech’s strategy to aggregate and
consolidate automotive sensing technologies, enabling the company to offer
comprehensive solutions to our customers at lower cost.
o - VayaVision: This
acquisition added a vital building block by combining sensor fusion and
perception technology with LeddarTech’s proven LeddarEngine™ platform. The
LeddarEngine platform built on an open software architecture combined with
LeddarVision™ enables LeddarTech to address customers’ need for sensing
solutions that are hardware agnostic, scalable, and adaptable to any vehicle
and sensor configuration.
The acquisitions of VayaVision and
Phantom Intelligence, combined with over a decade of expertise in
groundbreaking L1-5 ADAS and AD sensing technologies, demonstrate LeddarTech’s
commitment to continuous innovation and service to our Tier 1-2, OEM, and
autonomous mobility customers.
LeddarTech also expanded operations in
Israel and augmented the existing engineering team with world-class AI and
machine learning engineers.
“2020 was the most challenging year in
recent history, but meeting challenges is in LeddarTech’s DNA,” stated Mr.
Charles Boulanger, CEO of LeddarTech. “We are very proud of the advances we
have made as an organization and the faith that our customers and strategic
partners have placed in us,” concluded Mr. Boulanger.
“Our partners and customers recognize
that they can rely upon LeddarTech’s ingrained expertise in sensing solutions
that have been achieved through over 10 years of pioneering experience,” said
Mr. Frantz Saintellemy, President and COO.
About LeddarTech
LeddarTech is a leader in
environmental sensing platforms 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 and its cost-effective, scalable, and
versatile LiDAR development solution for automotive-grade solid-state LiDARs
based on the LeddarEngine™, LeddarTech enables Tier 1-2 automotive system
integrators to develop full-stack sensing solutions for autonomy level 1 to 5.
These solutions are actively deployed in autonomous shuttle, truck, bus,
delivery vehicle, smart city/factory, 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
Marketing, Communications, and Product Management, 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.
Source: LeddarTech inc.
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