QUEBEC CITY, CANADA -- LeddarTech, owner of the patented Leddar™ LED-based detection technology is pleased to announce that it has signed a cooperation, development and licensing agreement with Valeo, one of the world’s leading automotive suppliers.

This cooperation between LeddarTech and Valeo will enable Valeo to develop a new infrared sensor for series-produced vehicles and cross a new threshold in its effective deployment of road obstacle detection and tracking functions. Already a market leader in driving assistance systems (ADAS), Valeo will thus strengthen its offer in active safety functions designed to meet new EuroNCap 2016 standards in Europe.

“This agreement is a very important step for LeddarTech, as it confirms the value of our technology and allows us to enter one of the largest and most demanding markets in the world alongside a top, pioneering automotive supplier,” mentioned Charles Boulanger, Acting Chief Executive Officer of LeddarTech. “Furthermore, it will allow us to introduce an Application Specific Integrated Circuit (ASIC) into our portfolio of Leddar™ modules, further enhancing Leddar™ performance and competitive advantages,” adds Mr. Boulanger.

Building on the strength of this agreement, LeddarTech will be able to gain access to incremental markets by offering a broad array of modules, adapted to each vertical markets. The versatility of the Leddar™ technology, as well as its ease of integration, will allow it to quickly make inroads in numerous other major markets.