QUEBEC CITY, Jan. 30, 2024 /PRNewswire/ --
LeddarTech® (Nasdaq: LDTC), an automotive software
company that provides patented disruptive AI-based low-level sensor
fusion and perception software technology for ADAS, AD, and parking
applications, today announced that its Board of Directors appointed
Sylvie Veilleux and Lizabeth Ardisana to the Board, effective
immediately. Ms. Veilleux will serve on the Audit Committee
and Ms. Ardisana will serve on the Nominating and Corporate
Governance Committee.
"We are pleased to welcome Sylvie and Liz to our board," said
Mr. Derek Aberle, Chair of the Board. "We look forward to
benefiting from their wealth of experience in the technology and
automotive sectors and their board perspectives as LeddarTech
continues to promote adoption of its innovative software solutions
in the large and rapidly growing ADAS/AD markets."
Ms. Sylvie Veilleux is a
strategic global technology leader and former CIO with over three
decades of experience, holding top management positions at
fast-growing technology firms. She served as the first Chief
Information Officer at Dropbox (Nasdaq: DBX), led the IT
division at Dropbox, and developed the organization's first global
strategic and centralized IT function, enabling it to expand and
scale before and after its IPO. Ms. Veilleux also served in several
critical technology roles at multinational firms such as Apple
(Nasdaq: AAPL), Salesforce (NYSE/Nasdaq: CRM), Mozilla and Franklin
Templeton Investments (NYSE: BEN).
Ms. Veilleux was recognized by Forbes CIO NEXT 2021
Top 50 and Technology Magazine Top 100 Women in
Technology 2021.
In addition to LeddarTech, Ms. Veilleux is a Board Member with
Softchoice (TSE: SFTC), QScale, and Prezi, Chairperson of the
Board and Chair of the Compensation and Nomination Committee of
Cinchy and served on Europcar Mobility Group's Board when it was a
publicly traded company.
Ms. Lizabeth
Ardisana possesses over three decades of
entrepreneurial expertise. She co-founded ASG Renaissance, a
distinguished technical and communications firm, and Performance
Driven Workforce (PDW), a scheduling and staffing enterprise. ASG
Renaissance has undertaken numerous projects for leading automotive
companies. Prior to founding ASG, she held several management
positions in vehicle development, product planning and marketing at
Ford Motor Company.
Ms. Ardisana is also an influential figure in the Michigan and Hispanic Communities, actively
contributing as a business and civic leader. She holds board
positions at Clean Energy Fuels, HASI, and the Michigan Economic
Development Corporation. Her philanthropic endeavors include
involvement with NextEnergy, the Grand Canyon Conservancy,
Kettering University, and the CS Mott
Foundation.
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,
autonomous driving (AD) and parking 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, AD and parking 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.
Forward-Looking
Statements
Certain statements contained in this press
release may be considered forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended
(which forward-looking statements also include forward-looking
statements and forward-looking information within the meaning of
applicable Canadian securities laws), including, but not limited
to, statements relating to LeddarTech's anticipated strategy,
future operations, prospects, objectives and financial projections
and other financial metrics. Forward-looking statements generally
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include words such as
"may," "will," "should," "would," "expect," "anticipate," "plan,"
"likely," "believe," "estimate," "project," "intend" and other
similar expressions among others. Statements that are not
historical facts are forward-looking statements. Forward-looking
statements are based on current beliefs and assumptions that are
subject to risks and uncertainties and are not guarantees of future
performance. Actual results could differ materially from those
contained in any forward-looking statement as a result of various
factors, including, without limitation: (i) the possibility that
anticipated benefits of LeddarTech's recent business combination
will not be realized; (ii) the risk that shareholder litigation in
connection with the business combination or other settlements or
investigations may result in significant costs of defense,
indemnification and liability; (iii) changes in general economic
and/or industry-specific conditions; (iv) possible disruptions from
the business combination that could harm LeddarTech's business; (v)
the ability of LeddarTech to retain, attract and hire key
personnel; (vi) potential adverse reactions or changes to
relationships with customers, employees, suppliers or other
parties, including as a result of the business combination; (vii)
potential business uncertainty, including changes to existing
business relationships following the business combination that
could affect LeddarTech's financial performance; (viii)
legislative, regulatory and economic developments; (ix)
unpredictability and severity of catastrophic events, including,
but not limited to, acts of terrorism, outbreak of war or
hostilities and any epidemic, pandemic or disease outbreak
(including COVID-19), as well as management's response to any of
the aforementioned factors; (x) access to capital and financing and
LeddarTech's ability to maintain compliance with debt covenants;
(xi) LeddarTech's ability to execute its business model, achieve
design wins and generate meaningful revenue; and (xii) other risk
factors as detailed from time to time in LeddarTech's reports filed
with the U.S. Securities and Exchange Commission (the "SEC"),
including the risk factors contained in LeddarTech's final
prospectus filed with the SEC on December 4,
2023. The foregoing list of important factors is not
exhaustive. Except as required by applicable law, LeddarTech does
not undertake any obligation to revise or update any
forward-looking statement, or to make any other forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact:
Daniel Aitken,
Vice-President, Global Marketing, Communications and Investor
Relations, LeddarTech Inc. Tel.: + 1-418-653-9000
ext. 232 daniel.aitken@LeddarTech.com
- Investor relations website:
investors.LeddarTech.com
- Investor relations contact: Kevin Hunt, ICR Inc. kevin.hunt@icrinc.com
- Financial media contact: Dan
Brennan, ICR Inc. dan.brennan@icrinc.com
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.
LeddarTech Holdings Inc. is a public company listed on the
NASDAQ under the ticker symbol "LDTC."
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