LeddarTech reports F3Q24 results – 08.15.2024

QUEBEC CITY, Canada, Aug. 14, 2024 (GLOBE NEWSWIRE) — LeddarTech Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company delivering patented, breakthrough AI-based low-level sensor fusion and perception software technology, LeddarVision, for ADAS, AD and parking applications, is pleased to announce financial results for its fiscal third quarter 2024, ended June 30, 2024.

“This quarter, we made excellent progress with OEM and Tier 1 automotive customers, improving software maturity and expanding feature set with our key technology partners including Arm and Texas Instruments,” said Frantz Saintellemy, President and CEO of LeddarTech. “We believe the automotive industry is increasingly recognizing the maturity of our LeddarVision fusion and perception software and the value it delivers in enabling automakers to meet and exceed customer and regulatory requirements for automated driver assistance (ADAS) and autonomous driving (AD) systems.”