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Tag: NASD:LDTC

  • Stock Surge For LeddarTech (LDTC): Strategic Alliance Fuels Growth

    Stock Surge For LeddarTech (LDTC): Strategic Alliance Fuels Growth

    LeddarTech Holdings Inc. (NASDAQ: LDTC) shares are on a remarkable upswing, with shares trading 77.68% higher at $2.15 as of the latest check today. This surge began earlier this week following the announcement of a pivotal strategic collaboration agreement.

    Strategic Partnership with Texas Instruments

    LeddarTech (LDTC) announced that it has entered into a software license and strategic partnership with Texas Instruments (TI). The goal of this collaboration is to provide an integrated platform solution for the markets for autonomous driving (AD) and advanced driver assistance systems (ADAS).

    As per the agreement, TI would expedite the marketing of this effort by paying upfront royalties. The collaboration underscores the shared commitment to innovation and performance in automotive technology.

    Key Financial and Contractual Highlights

    The Fourteenth Amending Agreement to the Desjardins Credit Facility introduces financial adjustments to support this collaboration. LeddarTech will make monthly payments of C$125,000 until the “Short-Term Outside Date” or December 13, 2024.

    However, if the first installment of the TI Pre-paid Royalty Fee is received by this deadline, the deferral period will extend to January 31, 2025. These financial arrangements reflect LeddarTech’s proactive approach to ensuring liquidity while advancing its technological roadmap.

    Integrated ADAS and AD Solution Development

    Through this partnership, TI is able to provide a packaged solution that combines TI’s TDA line of Arm-based processors with LDTC’s LeddarVision AI-based fusion and perception software stack.

    Over the course of the last two years, LeddarTech and TI have worked closely together to perfect LeddarVision’s integration with TI’s hardware, producing an open, high-performance, and reasonably priced solution that is suited to the requirements of Tier 1 suppliers and car OEMs.

    Future Roadmap and Industry Impact

    Using LeddarVision’s capabilities that are now available on TI’s TDA4 processor family, LeddarTech and TI have developed an ambitious roadmap for ADAS and AD features. Upcoming announcements are expected to unveil industry-leading ADAS feature performance.

    Strong commercial potential for this integrated platform is indicated by the overwhelmingly favorable feedback received from Tier 1 suppliers and automakers. LeddarTech (LDTC) is positioned as a major pioneer in the quickly changing ADAS and AD industries thanks to this strategic partnership.

  • LeddarTech (LDTC) Stock Surges After A New Product Launch

    LeddarTech (LDTC) Stock Surges After A New Product Launch

    LeddarTech Holdings Inc. (NASDAQ: LDTC) is currently witnessing a notable surge in its stock value, marking an impressive 23.77% increase to reach $4.15 in the latest session update. This positive momentum is attributed to the company’s recent introduction of a groundbreaking product at a significant industry event.

    In a major revelation at CES 2024, LeddarTech (LDTC) proudly presented the LeddarVision Surround-View (LVS-2+), signaling a new era in advanced driver assistance systems (ADAS). Developed on the powerful Nvidia Orin embedded system, the LVS-2+ showcases remarkable adaptability for potential integration into various embedded platforms.

    Designed to propel premium L2/L2+ ADAS highway assistance and attain the coveted 5-star NCAP 2025/GSR 2022 safety rating, the LVS-2+ builds upon the success of the LeddarVision Front-Entry (LVF-E) by becoming the second AI-based low-level fusion and perception software product to reach maturity on the embedded system.

    Derived from the innovative LeddarVision AI-based low-level sensor fusion and perception software architecture, the LVS-2+ extends the capabilities of the LVF product family with its ability to accommodate different sensor configurations. Notably, it marks a significant shift from the conventional 11V5R configuration, eliminating the need for side cameras and adopting a 5V5R sensor architecture.

    This transformative approach is poised to revolutionize the deployment of premium L2/L2+ ADAS by substantially reducing hardware and system implementation costs. The implications of the LVS-2+ are profound, offering vehicles improved support for crucial functions like traffic jam assist (TJA), highway assist (HWA), and an expanded speed range for adaptive cruise control (ACC).

    Additionally, the comprehensive fusion and perception software stack accompanying the LVS-2+ enhances the capabilities of surround-view L2/L2+ ADAS highway assistance. By showcasing the maturity of the LVS-2+ on the embedded system, LeddarTech opens up significant opportunities for original equipment manufacturers (OEMs) and Tier 1-2 suppliers.

    This empowers them to expedite the development of cost-effective perception solutions, resulting in reduced development costs and providing a decisive advantage in today’s fiercely competitive market. LeddarTech’s collaboration with leading customers underscores the strategic advantages offered by the LVS-2+, amplifying safety and efficiency in shaping L2/L2+ ADAS applications.