Core Insights - LeddarTech Holdings Inc. has entered into a strategic license agreement with Solid State LiDAR Protection Inc. to produce and market its advanced LiDAR module and sensor products [1][2][3] - The partnership allows Solid State LiDAR Protection to rebrand and commercialize LeddarTech's products, while LeddarTech will receive royalty payments from sales [3][4] - This agreement marks the conclusion of LeddarTech's remaining LiDAR activities and aligns with its focus on AI-driven automotive software solutions for ADAS and autonomous driving [3][4] Company Overview - LeddarTech is an automotive software company specializing in AI-based low-level sensor fusion and perception software technology, particularly for ADAS, autonomous driving, and parking applications [1][6] - The company has delivered over 65,000 LiDAR units since 2010, showcasing the robustness and versatility of its technology [2] - LeddarTech has over 160 patent applications, with 87 granted, enhancing its capabilities in ADAS and autonomous driving [7] Strategic Direction - The licensing agreement is part of LeddarTech's strategy to establish a royalty-based licensing business model, emphasizing low-touch and high-margin operations [4] - The company aims to maintain its operations within Quebec, Canada, ensuring that all aspects of the business remain managed by local companies [5] - LeddarTech's commitment to innovation is reflected in its partnerships and the development of advanced sensor technologies to enhance safety and efficiency in automated systems [6][7]
LeddarTech Announces Strategic License Agreement With Solid State LiDAR Protection Inc.