Advanced driver assistance systems (ADAS)

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Terranet invites you to a digital investor meeting on June 3, 2025
Globenewswire· 2025-05-27 15:00
Company Overview - Terranet AB aims to enhance urban traffic safety through innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) [7] - The company's anti-collision system, BlincVision, can laser scan and detect road objects up to ten times faster than existing ADAS technologies [7] Rights Issue Details - The subscription period for Terranet AB's rights issue runs from May 27 to June 11, 2025 [1] - Trading with unit rights will occur from May 27 to June 5, 2025, and trading in paid subscribed units (BTU) will take place from May 27 to June 30, 2025 [5] - The preliminary date for the publication of the outcome of the rights issue is set for June 13, 2025 [5] Investor Meeting - A digital investor meeting is scheduled for June 3, 2025, at 14:00 CEST, where CEO Lars Lindell will present the company's latest progress, including the development of BlincVision and plans for the launch of the Minimum Viable Product (MVP) [2][3] - Participants will have the opportunity to ask questions in real-time via the chat function during the meeting [2] Registration and Contact Information - Interested parties must register for the meeting by emailing corporatefinance@mangold.se by June 2, 2025 [3] - Questions can be submitted in advance and will be addressed during the Q&A session if time permits [3] - For further inquiries, contact Lars Lindell, CEO, via email at lars.lindell@terranet.se [7] Advisory Information - Mangold Fondkommission AB serves as the financial advisor for the rights issue, while Eversheds Sutherland Advokatbyrå AB is the legal advisor [6]
Bulletin from the Annual General Meeting of Terranet AB on May 23, 2025
Globenewswire· 2025-05-23 13:20
The annual general meeting of Terranet AB (the "Company") was held today, May 23, 2025, in Lund. The meeting resolved, with the required majority and in accordance with the board's proposal, on the following main resolutions. Adoption of the profit and loss account and balance sheet The annual general meeting resolved to adopt the income statement and balance sheet of the Company and the consolidated income statement and consolidated balance sheet. Allocation of profits The annual general meeting decided t ...
LeddarTech Provides Update on Financial Situation and Announces Workforce Reduction
GlobeNewswire News Room· 2025-05-20 23:30
Core Viewpoint - LeddarTech Holdings Inc. is currently in discussions with lenders regarding financing options but has not yet reached an agreement for additional funding or relief from existing covenants [1][2] Group 1: Financial Situation - The company is actively negotiating with Desjardins and Bridge Lenders for additional financing but has not secured any agreements [1] - To conserve cash and extend negotiation time, LeddarTech announced temporary layoffs affecting approximately 138 employees, which is about 95% of its total workforce [2] - The company is exploring various alternatives, including restructuring obligations, selling the business or assets, and seeking creditor protection under the Companies' Credit Arrangement Act [2] Group 2: Company Overview - LeddarTech, founded in 2007 and headquartered in Quebec City, specializes in AI-based software solutions for advanced driver assistance systems (ADAS) and autonomous driving (AD) [3] - The company has developed over 190 patent applications, with 112 granted, focusing on enhancing ADAS and AD capabilities [4] - LeddarTech aims to be the most widely adopted sensor fusion and perception software solution, contributing to safer and more efficient global mobility [4]
Terranet invites to presentation of Interim report for the first quarter on May 19, 2025
Globenewswire· 2025-05-19 05:30
Company Overview - Terranet AB (publ) is focused on developing innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) aimed at saving lives in urban traffic [3] - The company's anti-collision system, BlincVision, can scan and detect road objects up to ten times faster than existing ADAS technologies [3] Upcoming Events - On May 19, 2025, Terranet will release its Interim report for the first quarter of 2025 [1] - The company's CEO Lars Lindell and CTO Pierre Ekwall will provide an operational update during a webcast at 10 a.m. CET on the same day [1] - The webcast will be open to the public and will allow for written questions [1] Company Information - Terranet is headquartered in Lund, with additional offices in Gothenburg and Stuttgart [4] - The company has been listed on Nasdaq First North Premier Growth Market since 2017 [4]
LeddarTech 宣布推出 LeddarSim,实现逼真高级驾驶辅助系统和自动驾驶仿真领域的又一次重大飞跃
Globenewswire· 2025-05-15 11:22
Core Insights - LeddarTech Holdings Inc. has launched a new generation simulation platform, LeddarSim™, aimed at bridging the gap between virtual testing and real-world deployment in the ADAS and AD sectors [1][3] - The platform utilizes groundbreaking multi-modal neural reconstruction to create realistic driving scenarios, enhancing the training, testing, and validation of perception models [1][3] Company Overview - Founded in 2007, LeddarTech is a global software company headquartered in Quebec City, with additional R&D centers in Montreal and Tel Aviv [4] - The company specializes in AI-driven low-level sensor fusion and perception software solutions for ADAS, autonomous driving, and parking applications [4] - LeddarTech holds over 190 patents, with 112 granted, focusing on enhancing ADAS, AD, and parking functionalities [4] Product Benefits - LeddarSim is designed to accelerate testing and validation cycles, enabling OEMs and Tier 1 suppliers to bring next-generation ADAS and autonomous driving solutions to market faster while improving performance and safety reliability [3][4] - The platform can reduce data labeling costs by 90% and significantly cut non-recurring engineering (NRE) expenses without sacrificing accuracy [4] - LeddarSim supports multi-modal sensor data simulation, optimizing and validating perception systems from cameras, radar, and LiDAR [4] Market Potential - The demand for simulation tools is expected to grow, with the industry projected to exceed $4.6 billion by 2035, highlighting the timely introduction of LeddarSim to address challenges in data processing and validation [3][4]
BlackBerry Surges 21% in a Month: Is the Stock Still a Buy?
ZACKS· 2025-05-14 14:01
Core Viewpoint - BlackBerry Limited's shares have increased by 21.3% in the past month, outperforming the Computer Software industry and the S&P 500 composite, which grew by 18.7% and 8% respectively [1] Price Performance - BlackBerry's stock closed at $3.92, which is down 37.2% from its 52-week high of $6.24 [4] QNX Business Development - BlackBerry has shifted focus to its QNX platform, having sold its Cylance unit for $80 million in cash and 5.5 million shares, while retaining its AI/ML patent assets and tax losses [5] - The QNX business is experiencing growth, particularly in the automotive sector, with strong demand in advanced driver assistance systems (ADAS) and digital cockpit solutions [6] - QNX revenues reached $65.8 million, exceeding guidance of $60-$65 million, driven by design wins in digital cockpit and ADAS [7] Revenue Guidance and Market Conditions - BlackBerry maintains a revenue guidance of $260-$270 million, with QNX revenues expected between $250 million and $270 million, amid uncertainties from recent tariff changes [9] Secure Communication Division - The Secure Communication division reported fiscal fourth-quarter revenues of $67.3 million, surpassing the forecast of $62-$66 million, driven by strong performance in the AtHoc platform [10] - The division is seeing healthy momentum from government agencies and top banks, with a notable expansion of a deal with the Malaysian government [11] Financial Performance - BlackBerry's adjusted EBITDA for fiscal 2025 was $39.3 million, reflecting a $54 million improvement from the previous year, aided by cost-cutting measures [13] - Cash and investments increased by $144 million, supported by strong operating cash flow of $42 million and the initial payment from the Cylance deal [14] Analyst Sentiment and Valuation - Analysts have revised EPS estimates for the current fiscal year upward to 10 cents from 7 cents over the past 60 days, indicating bullish sentiment [17] - BB stock is trading at a trailing 12-month price/book multiple of 3.25, compared to the industry average of 5.87, suggesting it is undervalued [18] Investment Opportunity - The pivot towards the QNX business, improving financials, and strong estimate revisions present a compelling buying opportunity for BlackBerry stock [19]
LeddarTech Announces the Launch of LeddarSim: Next Leap in Realistic Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) Simulation
Globenewswire· 2025-05-14 11:02
Core Insights - LeddarTech has launched LeddarSim™, a next-generation simulation platform aimed at bridging the gap between virtual testing and real-world deployment in advanced driver assistance systems (ADAS) and autonomous driving (AD) [1][2] Company Overview - LeddarTech is an AI-powered software company founded in 2007, headquartered in Quebec City, with additional R&D centers in Montreal and Tel Aviv, specializing in low-level sensor fusion and perception software solutions for ADAS and AD applications [5][6] - The company holds over 190 patent applications, with 112 granted, enhancing capabilities in ADAS, AD, and parking [6] Product Features and Benefits - LeddarSim utilizes multi-modality neural reconstruction to create sensor-accurate, real-time renderings of driving scenarios, significantly improving the fidelity of simulations [2][4] - The platform allows automotive OEMs and Tier 1 suppliers to accelerate testing and validation cycles, enabling faster market entry for next-generation ADAS and AD solutions [4][6] - LeddarSim offers a cost-effective solution, achieving a 10x reduction in data and annotation costs, while also minimizing non-recurring engineering expenses [6] - The platform supports simultaneous simulation of data from cameras, radar, and LiDAR, optimizing multi-sensor perception systems [6] Market Context - The demand for simulation tools in the automotive industry is expected to exceed $4.6 billion by 2035, indicating a significant growth opportunity for LeddarSim [4]
Terranet postpones Q1 report date
Globenewswire· 2025-05-02 15:30
The Board of Directors of Terranet has decided to postpone the date for publication of the interim report for the first quarter 2025 to May 19, 2025. The reason for the postponement is that the work on a capital raise, divided into a directed share issue in combination with a rights issue of shares, has delayed the completion of the report. The capital raise aims to secure the Company's liquidity for 2025 and was announced on April 16, 2025. The previously communicated date for publication was 8 May 2025. ...