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NEWS
LeddarTech Announces Receipt of the First Installment of the TI Pre-Paid Royalty Fee
Thursday, 12th December at 4:28 pm
QUEBEC CITY, Canada, Dec. 12, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. ("LeddarTech") (NASDAQ: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has received the first full installment of the advanced royalty payments provided under the strategic collaboration agreement and software license agreement entered into between LeddarTech and Texas Instruments ("TI"), as announced on December 9, 2024, to enable a comprehensive, integrated platform solution for advanced driver assistance systems (ADAS) and autonomous driving (AD) markets. Under the license agreement, TI has agreed to make advanced royalty payments to catalyze joint commercialization (the "TI Pre-paid Royalty Fee").
Thursday, 12th December at 4:28 pm
QUEBEC CITY, Canada, Dec. 12, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. ("LeddarTech") (NASDAQ: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has received the first full installment of the advanced royalty payments provided under the strategic collaboration agreement and software license agreement entered into between LeddarTech and Texas Instruments ("TI"), as announced on December 9, 2024, to enable a comprehensive, integrated platform solution for advanced driver assistance systems (ADAS) and autonomous driving (AD) markets. Under the license agreement, TI has agreed to make advanced royalty payments to catalyze joint commercialization (the "TI Pre-paid Royalty Fee").
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