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LeddarTech® Holdings Inc., a leader in AI-based sensor fusion and perception software, announced a strategic collaboration and licensing agreement with Texas Instruments (TI). This partnership aims to deliver an integrated platform solution for advanced driver assistance systems (ADAS) and autonomous driving (AD) markets. As part of the agreement, TI will make advanced royalty payments to license LeddarTech’s LeddarVision™ software, expediting joint commercialization.
Key Highlights
- Integrated Platform: Combines LeddarTech’s LeddarVision software with TI’s scalable TDA Arm-based processors, offering a comprehensive solution.
- Accelerated Deployment: Pre-integrated software and hardware enable faster time-to-market for automotive OEMs and Tier 1 suppliers.
- Cost Efficiency: LeddarVision’s sensor-agnostic architecture reduces sensor costs while improving safety and performance.
- Scalable Solution: Designed to support multiple vehicle models and feature sets, saving time and integration costs.
- Unified Perception: Real-time processing through the integration of high-performance SoCs and advanced sensor fusion.
- Positive Feedback: Automotive OEMs and Tier 1 suppliers have praised the combined platform’s performance and specifications.
The collaboration marks nearly two years of joint development between LeddarTech and TI. Their integrated roadmap leverages LeddarVision’s proven capabilities on TI’s TDA4 processor family, with plans to introduce new ADAS features in the coming months. This solution aims to serve the entire automotive landscape, providing cost-effective and high-performance options to manufacturers.
Frantz Saintellemy, President and CEO of LeddarTech, commented: “We believe today’s agreement with Texas Instruments is a major milestone toward LeddarTech’s goal of becoming one of the leading players in ADAS and AD software. This agreement with Texas Instruments and their commitment to making advanced royalty payments is a major market validation of LeddarVision and the potential to achieve significant near-term automotive ADAS market success.”
Conference Call Details
LeddarTech’s President and CEO, Frantz Saintellemy, and CFO, Chris Stewart, will host a conference call and webcast on December 9, 2024, at 1:00 p.m. ET to discuss the agreements with Texas Instruments. Interested parties can register here. A replay will be available on LeddarTech’s Investor Relations website.
About LeddarTech
Founded in 2007 and headquartered in Quebec City, LeddarTech develops AI-based sensor fusion and perception software for ADAS and AD applications. With over 170 patent applications (87 granted), LeddarTech’s solutions enhance vehicle awareness, making mobility safer and more efficient. For more information, visit www.LeddarTech.com.
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