LeddarTech Shifts Listing to Nasdaq Capital Market, Discusses Recent Business Advancements

LeddarTech Secures Major Contract for Advanced Driver Assistance System

LeddarTech, a global software company headquartered in Quebec City, has secured a significant contract with a leading commercial vehicle Original Equipment Manufacturer (OEM) for their advanced driver assistance system (ADAS) program. The company's high-performance, scalable, and cost-effective technology will be implemented in the OEM's 2028 model year vehicles, marking a significant milestone in LeddarTech's growth.

LeddarTech's selection was based on the performance of their fusion and perception software solution, LeddarVision. This solution applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, enabling better decision-making and safer navigation. LeddarVision's ability to deliver precise and reliable data is expected to enhance the safety and efficiency of the OEM's vehicles.

The company's Common Shares and publicly traded warrants will continue to trade under the symbols "LDTC" and "LDTCW," respectively. The transfer of LeddarTech's listing to the Nasdaq Capital Market is expected to take effect on February 6, 2025. LeddarTech has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market.

Frantz Saintellemy, President and CEO of LeddarTech, expressed his excitement about the company's future on the Nasdaq. He stated, "We look forward to further growth and development of the company on the Nasdaq."

This win, along with other recent announcements, is believed to validate LeddarTech's commercial strategy and reflect the momentum that is building with their business. LeddarTech aims to become the most widely adopted sensor fusion and perception software solution for global mobility safety, efficiency, sustainability, and affordability.

However, it is important to note that forward-looking statements in this press release relate to LeddarTech's selection by the OEM, anticipated strategy, future operations, prospects, objectives, and financial projections, and other financial metrics, and ability to comply with Nasdaq Capital Market listing standards in the future. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including but not limited to, LeddarTech's ability to maintain compliance with Nasdaq Capital Market listing standards following the transfer.

LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions for ADAS, autonomous driving (AD), and parking applications. The company has over 170 patent applications (87 granted) enhancing ADAS, AD, and parking capabilities. LeddarTech has R&D centers in Montreal and Tel Aviv, Israel, in addition to its headquarters in Quebec City.

In connection with the transfer, LeddarTech has either cured such deficiencies or met the applicable standards on the Nasdaq Capital Market. However, the search results do not provide specific information on which OEM has included LeddarTech for their ADAS program for the 2028 model years.

In conclusion, LeddarTech's selection by a leading commercial vehicle OEM for their 2028 model year vehicles' ADAS program is a significant step forward for the company. With its innovative technology and global reach, LeddarTech is well-positioned to make a significant impact in the automotive industry.

LeddarTech Shifts Listing to Nasdaq Capital Market, Discusses Recent Business Advancements