LeddarTech Concludes Licensing Arrangement With Renesas
LeddarTech Holdings Inc. - Common Shares (LDTC)
Company Research
Source: PR Newswire
QUEBEC CITY, March 20, 2024 /PRNewswire/ -- 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™, for ADAS, AD and parking applications, is pleased to announce that it has concluded a long-term licensing arrangement with Renesas Electronics America Inc. to commercialize the LCA2 and LCA3 programmable system-on-chip (SoC) product families.LeddarTech collaborated with Renesas (formerly IDT) to develop the LCA2 and LCA3 programmable SoC products. LeddarTech's distinctive LiDAR software, combined with AI-based low-level fusion and perception, formed the foundation of LeddarTech's ADAS and AD offerings to automotive OEMs and Tier 1-2s. This agreement with Renesas is one of the outcomes of LeddarTech's strategic transition to a pure-play automotive software company, building on the LeddarVision AI-based low-level fusion and perception softwar
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