LeddarTech Holdings Inc., headquartered in Quebec, an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision, for ADAS, AD and parking applications, is pleased to announce that it has concluded a long-term licensing arrangement with Renesas Electronics America Inc. to commercialize the LCA2 and LCA3 programmable system-on-chip (SoC) product families.

LeddarTech collaborated with Renesas (formerly IDT) to develop the LCA2 and LCA3 programmable SoC products. LeddarTech’s distinctive LiDAR software, combined with AI-based low-level fusion and perception, formed the foundation of LeddarTech’s ADAS and AD offerings to automotive OEMs and Tier 1-2s. This agreement with Renesas is one of the outcomes of LeddarTech’s strategic transition to a pure-play automotive software company, building on the LeddarVision AI-based low-level fusion and perception software for advanced driver assistance systems and AD. In connection with this transition, LeddarTech is pursuing a licensing model with strategic partners and customers for its solid-state LiDAR products and technology, and this arrangement with Renesas is currently one of the most prominent licenses established in this process.

“I am very pleased to have concluded this licensing arrangement with Renesas,” stated Frantz Saintellemy, President and CEO of LeddarTech. “Renesas has been a significant strategic partner of LeddarTech for several years, and this agreement will benefit both organizations and the LiDAR market, leveraging our joint investments in developing these products. Under this licensing arrangement, Renesas will leverage its global sales force and customer base. LeddarTech will strive to maximize the value of our foundational solid-state LiDAR technology assets for many years to come,” Saintellemy concluded.