LeddarTech Collaborating with TI on Driver Assistance Systems and Autonomous Driving Solutions
DENVER, Colo., Dec 09, 2024 (247marketnews.com)- LeddarTech (NASDAQ: LDTC) stated that it’s forming a strategic collaboration with Texas Instruments (NASDAQ: TXN) (“TI”) and, after LeddarTech and TI worked closely for nearly two years, the two Companies entered into a software license agreement to enable a comprehensive, integrated platform solution for advanced driver assistance systems (ADAS) and autonomous driving (AD) markets.
TI agreed to make advanced royalty payments to catalyze joint commercialization, which will enable TI to market a bundled solution that features LeddarTech’s LeddarVision AI-based fusion and perception software stack pre-integrated and validated on TI’s TDA scalable portfolio of Arm-based processors.
Frantz Saintellemy, LeddarTech’s President and CEO, commented, “We believe today’s agreement with Texas Instruments is a major milestone toward LeddarTech’s goal of becoming one of the leading players in ADAS and AD software. This agreement with Texas Instruments and their commitment to making advanced royalty payments is a major market validation of LeddarVision and the potential to achieve significant near-term automotive ADAS market success.”
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