LeddarTech's Major OEM Deal Ushers in New Era for ADAS Tech
Exciting News from LeddarTech on OEM Design Win
LeddarTech Holdings Inc. has recently achieved a significant milestone in the automotive software industry. The company announced that a major player among commercial vehicle manufacturers has chosen LeddarTech for their cutting-edge advanced driver assistance system (ADAS) program targeting vehicles for the 2028 model year.
What Makes LeddarVision Stand Out
The selection of LeddarVision was the result of a thorough evaluation process by the OEM, which assessed multiple leading solutions on the market. LeddarVision distinguished itself due to its impressive performance and efficiency in integrating a multi-modal sensor system comprising both cameras and radars. Furthermore, its adaptable design allows scaling across various vehicle models and sensor setups.
A Bright Financial Future Ahead
This design win is anticipated to start generating revenue for LeddarTech as early as 2025, with a focus on engineering services. As vehicles roll into production, per-vehicle royalty revenue is expected to commence as late as 2027. Although project work is set to begin soon, it is contingent upon signing definitive agreements with the OEM.
LeddarTech’s Position in the Industry
Frantz Saintellemy, president and CEO of LeddarTech, shared insights regarding this achievement: "This award follows our recent collaboration with Texas Instruments, which involves close to US$ 10 million in pre-paid royalties. These partnerships highlight a clear shift in the industry towards low-level fusion, a path pioneered by LeddarTech that facilitates cost-effective deployments of L2 and L2+ ADAS systems for both commercial and personal vehicles. Our ongoing momentum is a testament to our leadership in multi-modal, low-level fusion and perception software capabilities.
Enhancing Safety and Autonomy with LeddarVision
LeddarTech’s LeddarVision platform provides a sophisticated environmental model aimed at boosting driver safety while advancing vehicle autonomy. Utilizing innovative AI and sensor fusion technologies, the platform assists automotive OEMs in meeting rigorous industry safety standards while also catering to rising consumer demands for more sophisticated ADAS features.
Who is LeddarTech?
Founded in 2007 and headquartered in Quebec City, LeddarTech is a global software company known for its comprehensive sensor fusion and perception software solutions. The company maintains additional R&D centers in Montreal and Tel Aviv, Israel. LeddarTech's automotive-grade software employs advanced artificial intelligence and computer vision algorithms to create precise 3D environmental models, thus enabling improved decision-making and safer navigation.
Innovation and Impact in Sensor Technology
With over 170 patent applications, of which 87 are granted, LeddarTech is responsible for numerous advancements in remote sensing technologies that contribute to enhancing ADAS, autonomous driving, and parking functionalities. The company's mission is to improve vehicle awareness, which is crucial for safer, more efficient, and sustainable global mobility.
Learn More about LeddarTech
For additional insights on LeddarTech’s innovative solutions and latest updates, consider visiting their official website or following them on social media platforms to stay informed.
Frequently Asked Questions
What is the significance of this OEM design win for LeddarTech?
This deal marks LeddarTech's entry into a prominent commercial vehicle platform, enhancing its role in developing ADAS technologies.
When will LeddarTech start seeing revenue from this project?
Revenue is expected to commence in 2025 for engineering services, with per-vehicle royalties anticipated by late 2027.
What features make LeddarVision stand out?
LeddarVision excels due to its high performance with multi-modal sensors, flexibility across various platforms, and its cost-effectiveness.
What does LeddarTech specialize in?
LeddarTech specializes in low-level sensor fusion and perception software that supports ADAS, autonomous driving, and parking applications.
How does LeddarTech contribute to vehicle safety?
By providing enhanced environmental modeling and integrating advanced technologies, LeddarTech aids OEMs in adhering to stringent safety standards while improving vehicle autonomy.
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