Core Insights - LeddarTech has been selected by a leading global commercial vehicle manufacturer for its LeddarVision software for the 2028 model year vehicles, marking a significant milestone for the company [1][2] - The selection follows a comprehensive evaluation of market solutions, with LeddarVision being recognized for its superior performance in multi-modal sensor systems [2] - Revenue from this design win is expected to start in 2025 for engineering services, with per-vehicle royalty revenue anticipated in late 2027 [2] Company Overview - LeddarTech, founded in 2007 and headquartered in Quebec City, specializes in AI-based low-level sensor fusion and perception software for ADAS, autonomous driving, and parking applications [4] - The company has over 170 patent applications, with 87 granted, focusing on enhancing ADAS and autonomous driving capabilities [5] - LeddarTech aims to become the most widely adopted sensor fusion and perception software solution, contributing to safer and more efficient global mobility [5] Industry Context - The recent collaboration with Texas Instruments, involving close to US$ 10 million in pre-paid royalties, highlights the industry's shift towards low-level fusion technology [3] - LeddarTech's technology enables cost-effective deployment of L2/L2+ ADAS, addressing the growing demand for advanced safety features in vehicles [3] - The company's advancements in AI and sensor fusion technology are crucial for automotive OEMs to meet stringent safety standards and consumer expectations [3]
LeddarTech Announces First OEM Design Win for LeddarVision ADAS Solution