NEWS
LeddarTech Announces Strategic License Agreement With Solid State LiDAR Protection Inc.
LeddarTech Holdings Inc. (Nasdaq: LDTC) has announced a strategic license agreementwith Solid State LiDAR Protection Inc. This agreement allows Solid State LiDAR Protection to produce and market LeddarTech's advanced LiDAR module and sensor products. These solid-state LiDARs have been successful across various applications, with over 65,000 units delivered since 2010.
Under the agreement, Solid State LiDAR Protection will rebrand and commercialize the products, while LeddarTech will receive royalty payments from sales. This marks the closure of LeddarTech's remaining LiDAR activities. The deal, along with two other strategic licenses established in 2023, highlights LeddarTech's focus on AI-driven automotive software solutions for ADAS and autonomous driving.
The agreement ensures that all aspects of the business, including technology, manufacturing, and commercialization, remain in Quebec, Canada, managed by Canadian companies.
LeddarTech Holdings Inc. (Nasdaq: LDTC) has announced a strategic license agreementwith Solid State LiDAR Protection Inc. This agreement allows Solid State LiDAR Protection to produce and market LeddarTech's advanced LiDAR module and sensor products. These solid-state LiDARs have been successful across various applications, with over 65,000 units delivered since 2010.
Under the agreement, Solid State LiDAR Protection will rebrand and commercialize the products, while LeddarTech will receive royalty payments from sales. This marks the closure of LeddarTech's remaining LiDAR activities. The deal, along with two other strategic licenses established in 2023, highlights LeddarTech's focus on AI-driven automotive software solutions for ADAS and autonomous driving.
The agreement ensures that all aspects of the business, including technology, manufacturing, and commercialization, remain in Quebec, Canada, managed by Canadian companies.
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