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LeddarTech succeeds in penetrating the automotive industry with its Leddar technologyLeddarTech, owner of the patented Leddar LED-based detection technology is pleased to announce that it has signed a cooperation, development and licensing agreement with Valeo, one of the world's leading automotive suppliers.
This cooperation between LeddarTech and Valeo will enable Valeo to develop a new infrared sensor for series-produced vehicles and cross a new threshold in its effective deployment of road obstacle detection and tracking functions. Already a market leader in driving assistance systems (ADAS), Valeo will thus strengthen its offer in active safety functions designed to meet new EuroNCap 2016 standards in Europe.
"This agreement is a very important step for LeddarTech, as it confirms the value of our technology and allows us to enter one of the largest and most demanding markets in the world alongside a top, pioneering automotive supplier," mentioned Charles Boulanger, Acting Chief Executive Officer of LeddarTech. "Furthermore, it will allow us to introduce an Application Specific Integrated Circuit (ASIC) into our portfolio of Leddar modules, further enhancing Leddar performance and competitive advantages," adds Mr. Boulanger.
Building on the strength of this agreement, LeddarTech will be able to gain access to incremental markets by offering a broad array of modules, adapted to each vertical markets. The versatility of the Leddar technology, as well as its ease of integration, will allow it to quickly make inroads in numerous other major markets.
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