Listing Shift to Nasdaq Capital Market Announced by LeddarTech; Discusses Recent Favorable Business Advancements
LeddarTech Holdings Inc., a global software company specializing in developing AI-based low-level sensor fusion and perception software solutions for Advanced Driver Assistance Systems (ADAS), Autonomous Driving (AD), and parking applications, has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market.
The transfer is expected to take effect on February 6, 2025. LeddarTech's Common Shares and publicly traded warrants will continue to trade under the symbols "LDTC" and "LDTCW," respectively. The transfer is not expected to impact trading in the Company's securities.
LeddarTech's technology is designed to be high-performance, scalable, and cost-effective, making it efficient for Original Equipment Manufacturers (OEMs) and Tier 1-2 suppliers to implement automotive and off-road vehicle ADAS solutions. The company's automotive-grade software uses advanced AI and computer vision algorithms to generate accurate 3D models of the environment for better decision making and safer navigation.
Stellantis, a world-leading commercial vehicle OEM, has chosen LeddarTech's LeddarVision software solution for its 2028 model-year vehicles. This selection demonstrates the growing business momentum of LeddarTech, as they aim to become the most widely adopted sensor fusion and perception software solution in the industry.
Frantz Saintellemy, President and CEO of LeddarTech, expressed his excitement about the company's future growth and development on the Nasdaq. He also highlighted that LeddarTech has over 170 patent applications (87 granted) related to remote-sensing innovations that enhance ADAS, AD, and parking capabilities.
However, LeddarTech's future performance is subject to various risks and uncertainties, including their ability to maintain compliance with Nasdaq Capital Market listing standards. Other factors that could affect their performance include their ability to secure sufficient capital and financing, execute on their business model, and commercialize their product offering at scale.
General economic and industry-specific conditions, legislative, regulatory, and economic developments, and the outcome of any known and unknown litigation and regulatory proceedings may also impact LeddarTech's performance. The company encourages investors to visit their website, LinkedIn, Twitter, Facebook, and YouTube for additional information about their operations and future plans.
LeddarTech is headquartered in Quebec City, with R&D centers in Montreal and Tel Aviv, Israel. The company remains committed to delivering innovative solutions that enhance safety and efficiency in the automotive industry.
