LeddarTech Transfers Stock Listing to Nasdaq Capital Market, Discusses Recent Business Advancements
Quebec City-based LeddarTech, a leading automotive software company, has announced a significant milestone in its journey. One of the world's leading commercial vehicle Original Equipment Manufacturers (OEMs) has selected LeddarTech's fusion and perception software solution, LeddarVision, for their Advanced Driver Assistance System (ADAS) program in vehicles scheduled for the 2028 model year. The specific OEM's identity remains undisclosed.
LeddarTech's comprehensive AI-based low-level sensor fusion and perception software solutions enable the deployment of ADAS, autonomous driving (AD), and parking applications. These advanced technologies generate accurate 3D models of the environment using advanced AI and computer vision algorithms. LeddarTech's portfolio boasts over 170 patent applications (87 granted), enhancing ADAS, AD, and parking capabilities.
Frantz Saintellemy, President and CEO of LeddarTech, expressed his enthusiasm about this development, stating, "We look forward to further growth and development of LeddarTech 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 its business.
However, LeddarTech has encountered a setback in its listing on the Nasdaq Global Market. The company has received notifications indicating non-compliance with certain continued listing requirements. Despite this, LeddarTech has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. This change is expected to take effect on February 6, 2025.
LeddarTech's R&D centres are located in Quebec City, Montreal, and Tel Aviv, Israel. The company aims to become the most widely adopted sensor fusion and perception software solution for global mobility safety, efficiency, sustainability, and affordability.
For more information about LeddarTech, visit their website, LinkedIn, Twitter, Facebook, and YouTube. Trading in the Company's Common Shares and publicly traded warrants will continue under the symbols "LDTC" and "LDTCW," respectively. The transfer of the Company's listing to the Nasdaq Capital Market is not expected to have any impact on trading in the Company's securities.
It's important to note that forward-looking statements in this Press Release may depend upon future events or conditions and are subject to risks and uncertainties.
This technology is available to OEMs and Tier 1-2 suppliers for efficient implementation of automotive and off-road vehicle ADAS solutions.
