LeddarTech Partners with Texas Instruments for ADAS/AD Solutions
Ticker: LDTDF · Form: 6-K · Filed: Dec 9, 2024 · CIK: 1981462
| Field | Detail |
|---|---|
| Company | Leddartech Holdings Inc. (LDTDF) |
| Form Type | 6-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $9.89 million, $5.0 million, $3.0 million, $1.89 million, $35.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: collaboration, software-license, adas, autonomous-driving
Related Tickers: TXN
TL;DR
LeddarTech inks deal with Texas Instruments for ADAS/AD platform.
AI Summary
On December 6, 2024, LeddarTech Holdings Inc. entered into a Collaboration Agreement and a Software License Agreement with Texas Instruments Incorporated. These agreements aim to provide an integrated platform solution for ADAS and AD markets by combining LeddarTech's LeddarVision AI-based technology with Texas Instruments' offerings.
Why It Matters
This partnership could accelerate the development and adoption of advanced driver-assistance systems (ADAS) and autonomous driving (AD) technologies by leveraging the combined expertise and products of both companies.
Risk Assessment
Risk Level: medium — The success of this collaboration depends on the effective integration of technologies and market adoption, which carries inherent risks.
Key Players & Entities
- LeddarTech Holdings Inc. (company) — Registrant and party to agreements
- Texas Instruments Incorporated (company) — Partner in agreements
- December 6, 2024 (date) — Date of agreement execution
FAQ
What is the primary goal of the Collaboration Agreement and License Agreement between LeddarTech and Texas Instruments?
The primary goal is to deliver a comprehensive, integrated platform solution for the ADAS and AD markets through a combined offering.
When were the Collaboration Agreement and License Agreement entered into?
The agreements were entered into on December 6, 2024.
What specific technology from LeddarTech is being integrated?
LeddarTech's LeddarVision AI-based low-level sensor fusion and perception technology is being integrated.
What markets are targeted by this partnership?
The targeted markets are the Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD) markets.
Does LeddarTech file annual reports under Form 20-F or 40-F?
LeddarTech indicates it files annual reports under Form 20-F.
Filing Stats: 1,271 words · 5 min read · ~4 pages · Grade level 16.4 · Accepted 2024-12-09 07:57:50
Key Financial Figures
- $9.89 million — truments has agreed to pay a total of US$9.89 million to the Company in a series of advanced
- $5.0 million — sfying the applicable conditions: (i) US$5.0 million (the “First Royalty Installment&r
- $3.0 million — dquo;) prior to January 5, 2025, (ii) US$3.0 million (the “Second Royalty Installment&
- $1.89 million — at the CES 2025 conference and (iii) US$1.89 million (together with the First Royalty Instal
- $35.0 million — of financing transactions aggregating US$35.0 million in gross proceeds comprised of the TI P
- $6.0 million — Fee, the conversion of approximately US$6.0 million of bridge loans under the Bridge Facili
- $109.5 million — d if it elected to do so, approximately $109.5 million aggregate principal amount of indebtedn
Filing Documents
- ea0224029-6k_leddar.htm (6-K) — 27KB
- ea022402901ex10-1_leddar.htm (EX-10.1) — 61KB
- ea022402901ex10-2_leddar.htm (EX-10.2) — 62KB
- ea022402901ex99-1_leddar.htm (EX-99.1) — 22KB
- ea022402901ex99-2_leddar.htm (EX-99.2) — 19KB
- ex10-2_001.jpg (GRAPHIC) — 5KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- ex99-2_001.jpg (GRAPHIC) — 2KB
- 0001213900-24-106648.txt ( ) — 205KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. LEDDARTECH HOLDINGS INC. By: /s/ David Torralbo Name: David Torralbo, Title: Chief Legal Officer Date: December 9, 2024 4