QUEBEC CITY - LeddarTech Holdings Inc. (Nasdaq: LDTC), a provider of AI-based sensor fusion and perception software for the automotive industry, is set to exhibit its LeddarVision technology at the Embedded World 2024 conference in Nuremberg, Germany.
The event, taking place from April 9-11, will serve as a platform for the company to demonstrate its advancements in collaboration with Arm Holdings plc (Nasdaq: NASDAQ:ARM).
The partnership, announced on March 13, 2024, focuses on integrating LeddarTech's LeddarVision with Arm's Automotive Enhanced (AE) technology to foster the development of AI-enabled Advanced Driver-Assistance Systems (ADAS) and automated driving capabilities. The joint effort aims to provide solutions that will assist Original Equipment Manufacturers (OEMs) and Tier 1 suppliers in adopting Arm's AE compute technology more efficiently.
At the Arm booth, LeddarTech will highlight the integration of its technology with the Texas Instruments (NASDAQ:TXN)' TDA4VM-Q1 processor, emphasizing the LeddarVision Front Entry (LVF-E) front-view fusion and perception stack. This stack is tailored for entry-level SAE Level 2/2+ highway assist ADAS applications and is designed to meet the 5-star NCAP 2025 and GSR 2022 standards.
Furthermore, Heinz Oyrer, Director of Strategic Partnerships at LeddarTech, is scheduled to present on April 10 at the conference. His presentation will delve into the company's approach to overcoming ADAS challenges through strong partnerships and innovation.
LeddarTech, founded in 2007 and headquartered in Quebec City, has established itself in the automotive software industry by offering AI-based solutions that enhance vehicle awareness for safer and more efficient mobility. The company holds over 150 patent applications, with 80 granted, contributing to the advancement of ADAS, autonomous driving, and parking applications.
This news is based on a press release statement and does not involve any speculative information.
InvestingPro Insights
LeddarTech Holdings Inc. (LDTC) is showcasing its innovative LeddarVision technology at the Embedded World 2024 conference, highlighting a significant step in the company's journey. As investors keep a close eye on the company's performance, certain metrics and tips from InvestingPro provide a deeper understanding of its current financial health and market position.
InvestingPro Data indicates that LeddarTech has a market capitalization of $81.13 million, reflecting its size within the industry. Meanwhile, the company has experienced a significant revenue decline of 29.18% over the last twelve months as of Q1 2024. This contraction in revenue is accompanied by a gross profit margin of just 5.2%, suggesting challenges in maintaining profitability.
InvestingPro Tips offer additional insights for potential investors. The stock is currently seen as oversold according to the RSI, which might interest bargain hunters looking for a potential rebound. However, analysts are not optimistic about the company's profitability, expecting a sales decline in the current year and anticipating that net income will drop. On a positive note, LeddarTech's liquid assets exceed its short-term obligations, providing some financial stability in the near term.
Investors interested in a comprehensive analysis can find additional InvestingPro Tips for LeddarTech at https://www.investing.com/pro/LDTC. There are 16 tips available which could provide further guidance on the stock's outlook. For those considering an InvestingPro subscription, use coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
These insights may be particularly relevant for attendees and observers of the Embedded World 2024 conference, as they consider the financial backdrop against which LeddarTech is introducing its latest technology in partnership with Arm Holdings plc.
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