• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    LeddarTech and TTTech Auto Announce a Leap Forward in Autonomous Driving Safety

    12/6/23 12:07:00 AM ET
    $PRSR
    Blank Checks
    Finance
    Get the next $PRSR alert in real time by email

    QUEBEC CITY, Canada and VIENNA, Austria, Dec. 06, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS and AD and TTTech Auto, a technology leader in automotive safety software, are pleased to announce the completion of a joint demonstrator for a fail-operational architecture based on LeddarTech's LeddarVision™ software and TTTech Auto's Safety Co-Pilot solution.

    TTTech Auto's innovative Safety Co-Pilot solution tackles the challenges of a safety architecture suitable for autonomous driving on SAE Level 3 and beyond. It is based on a doer channel, which is responsible for the main driving task, and an independent checker channel. In the event of an abnormal situation identified by the checker, the doer channel is seamlessly overridden, and a fallback channel brings the vehicle to a safe stop.

    In this collaboration, TTTech Auto leverages its proficiency in safety mechanisms and automotive platforms, complemented by LeddarTech's advanced fusion and perception capabilities. TTTech Auto contributes operational platforms and frameworks, facilitating the development of decomposed architectures for safety applications. LeddarTech enhances the partnership with its high-performance fusion and perception stack, grounded in low-level fusion. It provides valuable datasets for agile architecture exploration and demonstration of decomposed perception paths. Both companies exemplify an agile approach, employing risk assessment and safety-critical event feasibility assessments to showcase a potential solution. This collaborative effort aims to support car OEMs constructing their SAE Level 2-3 safety solutions.

    To demonstrate the viability of this approach and its potential for vehicle safety and cost-efficiency, TTTech Auto and LeddarTech have partnered up to combine LeddarTech's LeddarVision with TTTech Auto's Safety Co-Pilot, creating a demonstrator focused on the checker channel. Key features include:

    • LeddarTech's LeddarVision: A powerful AI-based low-level fusion and perception software stack that leverages raw sensor data from cameras and radars to build an environmental model. Depending on the sensor set and the diversity concept, LeddarVision can be deployed either in the doer or the checker channel.
    • TTTech Auto's Safety Co-Pilot: A versatile solution for the checker channel equipped with a set of validation modules, each encompassing checks related to critical safety requirements. The demonstrator showcases validation modules addressing probabilistic risks associated with physically unfeasible trajectories and potentially dangerous collisions. A crucial element in ensuring safety is that these checks are performed based on a separate environment model –in this case, LeddarVision, ensuring full independence from the doer channel.

    The testing of this demonstrator was conducted on data collected from highways in Germany and Israel. The results demonstrate that LeddarTech's high-quality environmental model and TTTech Auto's probabilistic checking implement an efficient and reliable checker channel. This advancement provides a robust safety argument for AD systems operating at SAE Level 3 and beyond.

    "We are paving the way to autonomous driving safety with true fail-operational architectures," stated Stefan Poledna, CTO at TTTech Auto. "TTTech Auto's groundbreaking architecture, in conjunction with LeddarTech's LeddarVision, confirms our commitment to SAE Level 3 and 4 autonomous driving."

    Frantz Saintellemy, President, COO and incoming CEO of LeddarTech, added: "Through our partnership with TTTech Auto in the integration of our LeddarVision AI-based software and TTTech Auto's Safety Co-Pilot, our collective aim has been to showcase a high-level fail-operational architecture suitable for safe driving automation. This collaboration demonstrates our belief that by aligning ourselves with other industry leaders in win-win partnerships, we accelerate technology deployment and adoption."

    About TTTech Auto

    TTTech Auto provides solutions for future vehicle generations and the shift towards software-defined vehicles. The company specializes in delivering safe software and hardware solutions along with a range of services to support the advancement of automated driving and beyond, applicable in series production programs. With its leading technology solutions, TTTech Auto reduces the required time for system designing, integration and testing of a series production-ready software platform. This ensures safety and electronic robustness for a more automated world.

    TTTech Auto was founded in 2018 by TTTech Group and technology leaders Audi, Infineon and Samsung to build a global, safe vehicle software platform for automated and autonomous driving. In 2022, the company raised USD 285 million (EUR 250 million) from Aptiv and Audi in its latest funding round. At TTTech Auto's headquarters in Vienna, Austria and in more than 10 locations across Europe and Asia, 1 100 employees work with leading car manufacturers on their software-defined vehicle, ADAS and autonomous driving programs. The company has acquired and invested in technology companies in France, Spain, Turkey, China and central and Eastern Europe. www.tttech-auto.com/

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech's automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 150 patent applications (80 granted) that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Contact:

    Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 [email protected]

    • Investor relations website: investors.LeddarTech.com
    • Investor relations contact: Kevin Hunt, ICR Inc. [email protected]
    • Financial media contact: Dan Brennan, ICR Inc. [email protected]

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.



    Primary Logo

    Get the next $PRSR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PRSR

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $PRSR
    Financials

    Live finance-specific insights

    See more
    • Prospector Capital Corp. Announces Record and Distribution Date for Issuance of Dividend Shares

      Prospector Capital Corp. ("Prospector") (NASDAQ:PRSRU, PRSR and PRSRW))) previously announced that it will issue, in connection with the consummation (the "Closing") of the proposed business combination (the "Business Combination") with LeddarTech Inc., a corporation existing under the laws of Canada ("LeddarTech"), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech, as a dividend, to each holder of Class A ordinary shares of Prospector (the "Prospector Class A Shares"), on the date of the Closing (the "Closing Date"), that elects not to redeem its Prospector Class A Shares, one additional Prospector Class A Share for ea

      12/7/23 8:00:00 AM ET
      $PRSR
      Blank Checks
      Finance
    • LeddarTech, a Disruptive Automotive Software Provider, to Become a Public Company Via Business Combination With Prospector Capital Corp.

      LeddarTech has the potential to disrupt the markets for Advanced Driver Assistance Systems ("ADAS") and Autonomous Driving ("AD") with patented low-level sensor fusion and perception software products.LeddarTech's unique solution solves current limitations, enabling leading automotive original equipment manufacturers ("OEMs") and Tier 1-2 suppliers to drive ADAS and AD to new levels of performance, safety and adoption.The transaction is expected to provide the company with up to U.S. $66 million in gross proceeds, including up to U.S. $23 million in proceeds from the Prospector trust account (assuming no redemptions) and U.S. $43 million in convertible PIPE proceeds.The transaction values Le

      6/13/23 7:00:00 AM ET
      $PRSR
      Blank Checks
      Finance

    $PRSR
    SEC Filings

    See more
    • SEC Form 25-NSE filed by Prospector Capital Corp.

      25-NSE - Prospector Capital Corp. (0001825473) (Subject)

      1/9/24 11:39:20 AM ET
      $PRSR
      Blank Checks
      Finance
    • Prospector Capital Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Material Modification to Rights of Security Holders, Changes in Control of Registrant, Leadership Update, Other Events, Financial Statements and Exhibits

      8-K - Prospector Capital Corp. (0001825473) (Filer)

      12/28/23 4:15:23 PM ET
      $PRSR
      Blank Checks
      Finance
    • SEC Form 425 filed by Prospector Capital Corp.

      425 - Prospector Capital Corp. (0001825473) (Subject)

      12/20/23 1:02:36 PM ET
      $PRSR
      Blank Checks
      Finance

    $PRSR
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Prospector Capital Corp. No Longer Listed on Nasdaq Following Completion of Business Combination

      Prospector Capital Corp. (the "Company") announced today that on December 18, 2023, it received a letter from the listing qualifications department staff of The Nasdaq Stock Market ("Nasdaq") notifying the Company that it would be de-listed from the Nasdaq Capital Market for failure to maintain a minimum Market Value of Listed Securities at or above the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2), subject to the Company's right to appeal. In light of the Company's subsequent completion on December 21, 2023 of its previously announced business combination, Nasdaq has confirmed that no further action need be t

      12/29/23 7:18:00 PM ET
      $PRSR
      Blank Checks
      Finance
    • LeddarTech Becomes a Publicly Traded Company After Completing Business Combination with Prospector Capital Corp., Will Commence Trading on Nasdaq Under Ticker Symbol "LDTC"

      QUEBEC, Dec. 21, 2023 /PRNewswire/ - LeddarTech®, an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for advanced driver assistance systems (ADAS) and autonomous driving (AD), is pleased to announce the completion of its business combination, previously announced on June 13, 2023 with Prospector Capital Corp. ("Prospector") (NASDAQ:PRSR, PRSRU, PRSRW))) today. Commencing at the open of trading on December 22, 2023, LeddarTech common shares and warrants to purchase common shares will be listed on the Nasdaq Global Market under the ticker symbols "LDTC" and "LDTCW," respectively.

      12/21/23 11:31:00 AM ET
      $PRSR
      Blank Checks
      Finance
    • Prospector Capital Corp. Announces New Record and Distribution Date for Issuance of Dividend Shares

      Prospector Capital Corp. ("Prospector") (NASDAQ:PRSRU, PRSR and PRSRW))) previously announced that it will issue, in connection with the consummation (the "Closing") of the proposed business combination (the "Business Combination") with LeddarTech Inc., a corporation existing under the laws of Canada ("LeddarTech"), and LeddarTech Holdings Inc., a company incorporated under the laws of Canada and a wholly owned subsidiary of LeddarTech, as a dividend, to each holder on the date of the Closing (the "Closing Date") of Class A ordinary shares of Prospector (the "Prospector Class A Shares") that were included in the units issued in Prospector's initial public offering and were not redeemed, as

      12/20/23 12:52:00 PM ET
      $PRSR
      Blank Checks
      Finance

    $PRSR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Prospector Capital Corp. (Amendment)

      SC 13G/A - Prospector Capital Corp. (0001825473) (Subject)

      2/13/24 8:46:33 PM ET
      $PRSR
      Blank Checks
      Finance
    • SEC Form SC 13G filed by Prospector Capital Corp.

      SC 13G - Prospector Capital Corp. (0001825473) (Subject)

      2/14/23 1:48:02 PM ET
      $PRSR
      Blank Checks
      Finance
    • SEC Form SC 13G/A filed by Prospector Capital Corp. (Amendment)

      SC 13G/A - Prospector Capital Corp. (0001825473) (Subject)

      2/14/23 6:37:27 AM ET
      $PRSR
      Blank Checks
      Finance

    $PRSR
    Leadership Updates

    Live Leadership Updates

    See more
    • LeddarTech Appoints Chris Stewart as Chief Financial Officer

      QUEBEC CITY, Canada, Nov. 15, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, proudly announces the appointment of Mr. Chris Stewart as Chief Financial Officer ("CFO"). As CFO at LeddarTech, Mr. Stewart will be instrumental in supporting LeddarTech in completing its recently announced business combination with Prospector Capital Corp. and transitioning to a publicly traded company. Mr. Stewart has over 20 years of financial management experience at companies ranging from startups to large public companies. Mr. Stewart previously served as the Chief Financial

      11/15/23 12:07:00 AM ET
      $BNGO
      $PRSR
      $TSLA
      Biotechnology: Laboratory Analytical Instruments
      Industrials
      Blank Checks
      Finance