Canada (Commonwealth)_
LeddarTech®, a prominent automotive software company specializing in disruptive AI-based low-level sensor fusion and perception software technology for Advanced Driver Assistance Systems (ADAS), autonomous driving (AD), and parking applications, has announced the launch of its latest innovation, LeddarVision™ Parking (LVP-H). This cutting-edge fusion and perception software stack is tailored for automated parking and parking assist systems.
The LVP-H, the newest addition to LeddarTech’s acclaimed LeddarVision family of automotive software solutions, features an innovative 4V4R sensor configuration, representing a significant leap forward in automotive technology. Specifically designed for premium ADAS L2/L2+ automated parking and parking assist applications such as intelligent parking assist (IPA), remote parking assist (RPA), and maneuver assist (MA), the LVP-H incorporates a comprehensive fusion and perception software stack and a human-machine interface (HMI) visualization application programming interface (API).
One of the standout features of the LVP-H is its seamless integration of data from various sensors, ensuring a highly accurate and reliable parking experience with a remarkable 95% success rate in detecting valid parking spaces. The software also excels in minimizing false alarms, even in challenging operational design domains (ODDs) and complex environments. With superior dynamic and static object detection capabilities, the LVP-H aligns seamlessly with advanced National Highway Traffic Safety Administration (NHTSA) IPA safety standards, further solidifying its position at the forefront of parking and safety technology.
Frantz Saintellemy, CEO of LeddarTech, expressed excitement about the LVP-H launch, highlighting the company’s dedication to advancing the automotive industry. He stated, “This product embodies our unwavering dedication to propelling the automotive industry into a safer and more convenient future. As pioneers in AI-based low-level fusion and perception for ADAS and AD applications, we’re confident that the LVP-H will redefine benchmarks for automated parking and parking assist. It’s the perfect addition to our award-winning LeddarVision family, designed to elevate L2 to L3 ADAS, AD, and parking applications.”
LeddarTech has diligently collaborated with a significant lead customer for over a year to develop the LVP-H, ensuring that it delivers the best parking software stack based on their low-level fusion and perception platform. The company invites automotive Original Equipment Manufacturers (OEMs), Tier 1 suppliers, and analysts to explore the LVP-H and other innovations at their booth at CES 2024 in Las Vegas.
Established in 2007, LeddarTech is a global software company headquartered in Quebec City, with additional Research and Development (R&D) centers in Montreal, Toronto, and Tel Aviv, Israel. The company specializes in AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, AD, and parking applications. LeddarTech’s automotive-grade software utilizes advanced AI and computer vision algorithms to generate accurate 3D models of the environment, facilitating better decision-making and safer navigation.
With over 150 patent applications (80 granted), LeddarTech has played a pivotal role in remote-sensing innovations, enhancing the capabilities of ADAS, AD, and parking technologies. The company envisions a safer, more efficient, sustainable, and affordable global mobility landscape, driving its commitment to becoming the most widely adopted sensor fusion and perception software solution.
While the announcement reflects optimism for LeddarTech’s future prospects, it is essential to acknowledge potential risks and uncertainties inherent in forward-looking statements. Factors such as changes in economic conditions, disruptions from business combinations, and unforeseen events like epidemics or pandemics (including COVID-19) could impact the company’s performance. LeddarTech remains vigilant in its commitment to compliance with regulatory requirements and will continue to monitor and adapt to evolving circumstances.
As the automotive industry embraces advancements in automation and safety, LeddarTech’s launch of the LVP-H signifies a significant contribution to the landscape of automated parking and parking assist technologies. With its track record of innovation and commitment to excellence, LeddarTech continues to shape the future of mobility through advanced sensor fusion and perception solutions.
