Category: Pakistan

Posted on

SIT Rolos opens its Machine Intelligence Platform to academia and business to accelerate the research

SCHAFFHAUSEN, Switzerland, Oct. 18, 2022 (GLOBE NEWSWIRE) — SIT Rolos announced today that it would bring research to a new level by opening its Machine Intelligence (MI) Platform to all scientific groups. Any researcher from academia or business can now configure, run and collaborate with others on their computational research project through Rolos Platform. Thanks to a user-friendly interface, no specific IT knowledge is required to use the Platform.

Rolos Platform addresses two major problems in research: infrastructure setup and teamwork. First, it provides premade infrastructure ready for research tasks with all the necessary resources out of the box – Graphics Processor Unit (GPU), Central Processing Unit (CPU), and storage. Researchers, therefore, no longer need to spend time on infrastructure setup and resource allocation. On the other hand, the Platform also ensures collaboration on a project – code and data versioning control, group editing, and consistent changes for all project participants.

Rolos allows its users to build their computational setups using the available cloud, on-premise servers, and High-Performance Computing (HPC) clusters and save costs on running simulation experiments. SIT Rolos can also provide its own resources from the cloud infrastructure in SIT data centers.

Rolos Platform is available through two types of deployments:

  • as a SaaS solution (Software as a Service) in Rolos Cloud, that can be accessed at http://my.rolos.com; or
  • as an on-premises installation on the customer’s hardware cluster that provides the full stack of software to create a computational research lab.

In the words of Konstantin Novoselov, Nobel Prize Winner, Professor of Physics at the National University of Singapore, Rolos Platform is used “to unify data from different scientists, unleash the power of Big Data, and achieve exponential progress in research projects.”

Rolos Platform features include:

  • Computing and storage resources automatic provisioning
  • Research environment management
  • A workflow manager
  • An Interactive Papers publishing module

Join the introduction to Rolos Machine Intelligence Platform for Computation and Data Management on October 18 at 10 am CEST: https://web.sit.org/simplify-and-accelerate-research-lifecycle-rolos-webinar-oct-2022

During the webinar, you will see an overview of the Platform’s essential features and deep dive into the main current research scenarios.

About SIT Rolos

SIT Rolos is part of the Schaffhausen Institute of Technology (SIT) group. SIT Rolos provides a Machine Intelligence Platform with consulting and applications for academia and business. The company has strong expertise in Machine Intelligence and Data Science in various application areas, including Scientific Research, Business Analytics, Professional Sports, Driverless Mobility, Robotics, and others.

SIT Rolos is a global company headquartered in Switzerland with a presence in the United States, United Kingdom, Netherlands, Germany, Singapore, Spain, Bulgaria, Serbia, and Turkey.

Get in touch today and see how we can help you reach your business goals: https://rolos.com/about/

Natalia Tashkeeva
SIT VP of communications & events
+65 9643 9080 | nt@sit.org

Posted on

Mosa Meat Scaling Beef Cultivation to Industrial Production Levels

Recent expansion to 77,000 sq ft. makes Mosa Meat the largest cultivated meat campus in the world.

Maastricht, The Netherlands, Oct. 18, 2022 (GLOBE NEWSWIRE) — Mosa Meat, a leader in the cultivated meat space that grows beef directly from animal cells, and unveiled the first cultivated hamburger in 2013, has announced the next step in the scale up of the company’s cultivated beef production facilities.

A new industrial production development center is being developed close to Mosa Meat’s existing pilot facility in Maastricht. After demonstrating the beef cultivation process at pilot scale, Mosa Meat is now ready for the next phase of expansion, housing industrial-size production lines and enabling larger production quantities of beef.

“We’ve expanded our space by 30,000 square feet in our next phase, which brings Mosa Meat’s total footprint to over 77,000 square feet,” shared Maarten Bosch, Mosa Meat’s CEO. “This makes us the largest cultivated meat campus in the world, and provides a solid foundation for our European and global commercialisation plans.”

Global meat consumption is projected to grow more than 40% by 2030, and Mosa Meat is part of a growing global movement to transform the way meat is produced. Beef specifically, is the protein with the highest carbon footprint, which is why Mosa Meat has focused on it since the company was founded in 2016.

Mosa Meat has grown to over 160 employees, with over 80 scientists and the largest number of PhDs in the industry in just a few years’ time. The production team has grown five-fold in the last three months to 15 members. Simultaneously the company has also expanded its footprint at existing locations, including operations at Brightlands and the current pilot facility in Maastricht, where R&D capacity continues to grow. Together, this brings Mosa Meat one step closer towards commercialisation.

Mosa Meat plans to announce the launch of its industrial production development center in 2023.

*********

About Mosa Meat

Mosa Meat is a global food technology company pioneering a cleaner, kinder way of making real beef. Our founders introduced the world’s first cultivated beef hamburger in 2013, by growing it directly from cow cells. Founded in 2016, Mosa Meat is now scaling up production of the same beef that people love, but in a way that is better for people, animals, and the planet. A diverse and growing team of food-loving problem-solvers, we are united in our mission to fundamentally reshape the global food system. Headquartered in Maastricht, The Netherlands, Mosa Meat is a privately held company backed by Blue Horizon, M Ventures, Bell Food Group, Nutreco, Mitsubishi Corporation, Leonardo DiCaprio and other high-caliber investors.

Follow Mosa Meat on Facebook, LinkedIn, Twitter and Instagram or visit mosameat.com to learn more about why people #cravechange. Access the Mosa Meat press kit here.

Attachment

Tim van de Rijdt
Mosa Meat
press@mosameat.com

Posted on

Triller Introduces the Metaverz: Your All-Access Pass to Global Entertainment

Triller partners with Epik and the entertainment industry’s biggest artists to create the world’s first integrated virtual music, gaming, sports and live events platform

Metaverz

Metaverz

Metaverz

Metaverz

Metaverz

Metaverz

Metaverz

Metaverz

Metaverz

 

Link to a video preview of the Metaverz here.

LOS ANGELES, Oct. 17, 2022 (GLOBE NEWSWIRE) — Triller, the leading AI-powered creator platform, is taking its creator-first approach to the metaverse. Today, Triller announces their latest venture: the Metaverz, a first-of-its-kind virtual integrated digital, technology, media, and entertainment platform. Inside the Metaverz, fans can attend a virtual concert featuring their favorite artists or make their way past the velvet rope of a virtual nightclub and venture into a VIP room to interact with celebrities, influencers and creators.

“We are extremely excited to debut the Metaverz and open up direct access to creators from all corners of the world,” said Mahi de Silva, CEO of Triller. “We are committed to expanding offerings for our users, creators, and businesses, and entering the metaverse strategically positions Triller at the forefront of several compelling trends including Web3 and decentralization. We are now on the frontline of the future of creator content – from NFT-backed collectibles and memorabilia to virtual concerts to gaming and shopping, the Metaverz ecosystem will be groundbreaking.”

The Metaverz has north of $100 million in metaverse investment value today across various digital properties and assets, and is expected to grow rapidly. Triller’s Metaverz will operate at the intersection of music, sports, gaming, and live events. Users can engage with Triller’s record-breaking live sporting and music events that attract millions of viewers around the globe– including Bare Knuckle Fighting Championship, Triller Fight Club, Verzuz and many others – but also are able to engage with artists and other fans in a unique setting that brings the world to them.

“When your favorite sporting event is a continent away, you can still be there with front row seats, sharing unforgettable moments with other fans,” said Christopher Taurosa, Head of Metaverz. “If you want pursue a new digital shopping experience, you can shop at one of the stores in our virtual shopping malls, or, if gaming is something you enjoy, you can play along with your friends and interact with the community in so many new engaging ways only available in the Metaverz.”

The Metaverz is the latest example of how Triller is a powerful toolbox for the creators, by the creators. Triller allows them to monetize their connections like never before, with engagements as high as 73% versus 1% on other platforms, such as Instagram.

“Triller’s Metaverz underscores its commitment to empower creators everywhere to maximize their relationships with their fans, while developing powerful tools to connect brands and creators,” said de Silva. “Triller is breaking the mold of the closed garden networks, and the Metaverz will continue to pave the way for Triller as the leading creator platform, facilitating commerce and maximizing audience reach.”

Triller’s open garden network eliminates the large tech companies as intermediaries and puts the power back in the hands of the creators and their users, allowing them to connect directly with the brands that want to work with them.

“Our core focus is to eliminate the barrier of entry to the metaverse. Our platform allows everyone to seamlessly connect and interact with their favorite creators, attend events they normally wouldn’t be able to, and interact directly with people from around the world,” said Taurosa. “The Metaverz allows the limits of time and distance to be instantaneously erased and gives both sides of the creator economy the necessary space to create and delight with content and experiences – you can be whoever you want to be and go wherever you want to go.”

Another unique feature of the Metaverz experience is Triller’s partnership with Epik, a leading global platform for AR/VR and gaming experiences that produces premium digital experiences for more than one billion gamers worldwide. Triller and Epik will launch multiple games within the Metaverz and announce future partnerships with some of the world’s leading gaming companies. Thanks to this creative collaboration, there will be Metaverz drops where gamers can purchase upgrades with artifacts and gear and additional packs like trading cards consisting of artifacts or avatars for their gaming characters.

To celebrate the launch of the Metaverz, Triller will host an event featuring DJ and electronic artist Sam Feldt performing live from the Netherlands during one of electronic music’s largest gatherings in the world, the Amsterdam Dance Event, on October 22. The event is free to everyone who enters through the Metaverz.

“I am very excited to partner with Triller on the launch of the Metaverz,” said Victor David, Co-Founder and CEO of Epik. “This is a perfect marriage combining Triller’s social network, creator platform, celebrities, events and content with our technical expertise, video game network and membership programs. By working together, we are one step closer to mass adoption and the result will be a rapid expansion into all things metaverse.”

Triller, which works with hundreds of the world’s largest brands and enables over 750 million social interactions a month, is seizing the opportunity to continue to monetize these transactions.

“We put a lot of thought, time, and capital towards building what we believe to be the most advanced live event metaverse platform available today,” said de Silva. “We have been working closely with all of our partners, influencers, celebrities and companies to make sure this launch isn’t just words but truly the launch of a new world.”

During 2022 alone, Triller has expanded its presence in the world of combat sports with acquisitions of Bare Knuckle Fight Club and Pillow Fight Championship. In the content creator space, Triller also acquired Fangage, a platform to maximize creator monetization, furthering Triller’s commitment to putting content creators first.

For more information and to be one of the first to learn about Metaverz updates, visit www.metaverz.com or follow @triller on social media @triller for Metaverz.com teasers, drop dates, celebrity endorsements, concerts, sports events, shopping moments, and enhanced gaming experiences. 

About Triller 

Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live-stream music platform; combat sports brands Triller Fight Club, Triad Combat and BKFC; Amplify.ai, a leading customer engagement platform; FITE.tv, a premier global PPV, AVOD, and SVOD streaming service; Thuzio, a leader in B2B premium influencer events and experiences; Fangage, a platform for creators to engage fans and monetize content and Julius, a platform for brands and agencies to harness creators for social engagement and social commerce.

About Epik
With more than 300 video game clients, Epik is the leading global licensing agency putting brands into video games to produce premium digital items and experiences for over one billion gamers worldwide with the largest digital ecosystem with hundreds of the world’s most popular entertainment brands. Epik is widely considered to be the blockchain industry leader producing collaborations for premium licensed digital collectables, NFTs and exclusive experiences powered by an interoperable proprietary cross-chain technology. Epik was the first and only NFT company to do any deals with AAA gaming companies for NFTs. Clients include ViacomCBS, Warner Music, Garena, Tencent and Universal.

For more information visit trillerinc.com

A video accompanying this announcement is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8c298d40-460c-4106-93da-47163adc8d8c

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/4647350d-4a3c-4d07-ae77-e23af1f3f661

https://www.globenewswire.com/NewsRoom/AttachmentNg/d68244a5-0d43-4a89-9b33-18d37e91c27f

https://www.globenewswire.com/NewsRoom/AttachmentNg/85ee27b7-f5e4-44a0-ab08-72764f562a1f

https://www.globenewswire.com/NewsRoom/AttachmentNg/3317e63d-2082-4299-98c5-6486ba44990d

https://www.globenewswire.com/NewsRoom/AttachmentNg/49cfff09-8501-48e7-ad99-6b7618793b30

https://www.globenewswire.com/NewsRoom/AttachmentNg/0f932ca7-3d31-4802-aa89-6bf36e40c15c

https://www.globenewswire.com/NewsRoom/AttachmentNg/4cb54bcc-1b80-4406-8b7d-ce4d69915c2a

https://www.globenewswire.com/NewsRoom/AttachmentNg/d73715c1-f9c4-4aa9-9d2e-90a77553e826

https://www.globenewswire.com/NewsRoom/AttachmentNg/c1b91169-93d0-4e6c-84cc-27b8def9336f

https://www.globenewswire.com/NewsRoom/AttachmentNg/64701d57-9828-483b-9fea-fcc9300b0fb0

Contact:
Triller PR/Edendale Strategies
Curtis Vogel
Press@triller.co
Posted on

Madison Realty Capital Originates $32 Million Loan for Multifamily Development in Seattle

NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $32 million loan to Vibrant Cities for a recently completed, eight-story mixed-use residential and retail property located in the Capitol Hill neighborhood of Seattle, Washington.

The 95-unit property, known as Pivot Apartments, received TCO in May, and is 69% leased to date. Additionally, Pivot contains 4,900 square feet of ground floor retail space that is fully leased to Wasabi Sushi, La Cocina Oaxaqueña, and Social Tea. Thirty of the property’s residential units are fully leased for use as short-term rentals to Sonder USA Inc., a boutique hospitality company and short-term rental manager. Located at 1208 Pine Street, Pivot is ideally situated for professionals directly off Interstate 5, within minutes of multiple public transit options, and borders Seattle’s Central Business District, home to Fortune 500 companies and popular Seattle tourist destination, Pike Place Market. The Property participates in Seattle’s Multifamily Tax Exemption Program by designating 20% of the residential units as affordable.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “Pivot offers centrally located, flexible short- and long-term living options for Seattle’s robust employment market. We are pleased to further expand our presence in the Pacific Northwest by delivering a customized financing solution to Vibrant Cities, an experienced developer in Seattle with an extensive history of delivering high-quality multifamily properties.”

Ming Fung, Co-Founder and President of Vibrant Cities, added, “Madison Realty Capital’s team deeply understood our vision for Pivot Apartments and its place within Seattle’s most dense and hippest neighborhood located within walking distance to the core of downtown Seattle. Their reputation for professionalism and certainty of execution made them the best choice to complete this exciting new development in Seattle’s Capitol Hill.”

Pivot contains a unit mix of studio, one-, and two-bedroom residences with modern interiors, high-efficiency HVAC systems, LED light fixtures, and built-in closets, with some units offering private balconies and in-unit washer/dryers. Community amenities include an outdoor deck, parking garage, bike storage, on-site office, and fitness center for both long-term and short-term tenants.

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been named to Commercial Observer’s prestigious “Power 100” list of New York City real estate players. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com
Posted on

Henry Hui Named Corporate Vice President of Hydrogen Strategy and Energy Infrastructure for Nikkiso Clean Energy and Industrial Gases Group

TEMECULA, Calif., Oct. 12, 2022 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is pleased to announce that Henry Hui was promoted to Corporate Vice President of Hydrogen Strategy and Energy Infrastructure, effective October 1, 2022.

Henry will continue to inspire a strategic vision in his new role for the Group and set action plans to accelerate the deployment of Nikkiso’s cryogenic, process and turbomachinery technologies. His efforts will enhance customer growth in the global clean energy market and foster collaborations with government agencies, trade associations, consortium, partnerships, and all CE&IG functional units and regional companies. In addition, Henry will be responsible for heading up a total engineering team in Houston, TX, for the newly created Energy Infrastructure and Strategic Projects (NESP) functional unit to better serve customers with Nikkiso’s world-class equipment, service, and solutions.

“Henry has comprehensive experience in business development, value engineering, and project delivery, along with 25 years of industry knowledge and achievements in the energy and industrial gas sectors. He brings a balance of both strategic planning and execution capabilities to the Group and NESP,” according to Emile Bado, Executive Vice President, Sales & Business Development of the Group. “Henry’s role further supports our mission to provide innovative equipment, technologies and services through our global group of companies to help our customers to make a difference.”

Henry joined the Integrated Cryogenic Solutions functional unit over one year ago and has been instrumental in the recent success of Nikkiso’s Hydrogen Refueling Station business line. Henry has a BS in Chemical Engineering and an MS in Engineering from North Carolina State University. He is also a registered PE and a certified PMP.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture, and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for Industrial Gases, Natural gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

Posted on

McKinsey & Company Uses AI-Powered Intelligence to Deliver Customer-Centric Experiences with CustomerOne

CustomerOne extends the power of AI-powered decision-making, using its proven, comprehensive approach to help organizations drive up to 20% revenue growth

NEW YORK and LONDON, Oct. 11, 2022 (GLOBE NEWSWIRE) — Today, marketing and sales teams have to connect with their consumers and buyers in entirely new ways. But disjointed data, complex tech stacks, and siloed work practices can derail those efforts.

That’s why McKinsey & Company is extending the power of CustomerOne’s proven, comprehensive approach. By driving personalization at scale, sales growth, and enabling data-driven pricing, organizations in any industry can achieve 10-20% revenue growth.

Powered by QuantumBlack, AI by McKinsey, CustomerOne uses a Hybrid intelligence approach, combining human understanding with machine and AI intelligence, to reveal customer insights, identify opportunities for growth, and deliver lasting impact at speed. It also delivers agile operating models and builds capabilities to transform critical insights into customer action.

Surface Actionable Insights with End-to-End Growth Transformations
Customer preferences, demands, and dynamics are rapidly shifting. For organizations with siloed functions and complex technology stacks, it is challenging to stay in lock step with their customers. The data boom, as well as the proliferation and convergence of sales channels, makes this challenge even harder. To capture the right moments across every channel, identify new growth horizons, and capture long-term value, these organizations need an end-to-end approach that aligns technology with deep expertise.

CustomerOne seamlessly integrates strategy, technology, AI-powered growth capabilities, and implementation accelerators. It drives top-line growth, creates long-term customer value, and helps marketing and sales teams achieve higher returns by optimizing efficiency and effectiveness across the entire sales funnel.

“We have seen a lot of seismic shifts in the way consumers and buyers are changing,” said Kelsey Robinson, Senior Partner, McKinsey & Company. “They have tremendous power. The ability for marketing and sales teams to succeed in this new world hinges on what they do with the incredible amounts of consumer-permissioned data to get closer to the customer, personalize experiences, and create ‘ignite’ moments.”

CustomerOne’s expanded set of domain capabilities includes: 

  • Personalization and Customer Value Management: Drives personalization at scale by integrating unified customer data, machine learning algorithms, and analytics, so marketers can derive the right insights and act on them. Outperforming companies achieve 40% more of their revenue from personalization than their peers.
  • Sales Growth: AI-powered capabilities enable sales teams to win new customers, increase customer retention, and drive loyalty. Companies that do this well drive 10-20% revenue growth.
  • B2B Pricing: Helps organizations analyze complex market dynamics, including customer willingness to pay, customer and product segmentation, and contract performance. CustomerOne uses the outputs to dynamically manage pricing and performance, and achieve above-market improvements. Companies that use data-driven pricing achieve 2-7% return on sales by expanding their margins.

“Successful change extends across the commercial organization. From the strategic decision on where and how to grow, to the insights that inform each customer interaction, most organizations struggle when it comes to putting the right talent, expertise, capabilities, and technology into one comprehensive approach to drive change. The extension of CustomerOne brings our capabilities together as one to drive faster end-to-end transformations for our clients across industries,” said Stuart Schardin, Partner at McKinsey & Company.

“Even in the best of times, growth is not easy. In fact, 25% of companies don’t grow at all,” said Jeff Hart, Partner, McKinsey & Company. “At the core of what we do is to help our clients across industries meet this moment with a proven, technology-enabled approach that makes it easier to consume insights and recommendations, and quickly unlock new growth opportunities. For example, a logistics company using this approach was able to expand its margins by 44%, while a chemical company achieved 2% return on sales in a matter of six weeks.”

To learn more about CustomerOne, click here.

About McKinsey Growth, Marketing & Sales
The mission of the McKinsey Growth, Marketing & Sales Practice is to help leaders of both consumer and business-to-business clients create Growth That Matters through meaningful transformations and marketing-driven profit. The practice helps our clients set their strategic direction, develop their marketing and sales capabilities, and connect their organization to realize the full potential of today’s omnichannel opportunities. Clients benefit from McKinsey’s experience in core areas of marketing, B2B and B2C pricing, customer experience, and sales and channel management.

For further information please contact:

US: Digennaro Communications
MaryLiz Ghanem – EL
McKinsey-DiGennaro@digennaro-usa.com
917-518-8422

UK: 3THINKRS
Ruth Jones / Becca Ross
mckinsey@3thinkrs.com
+44 208 0872843

Posted on

LeddarTech Adopts an Automotive Software Business Model to Support ADAS and AD Solutions

The Globe and Mail Announces That LeddarTech Has Been Selected as One of Canada’s Top Growing Companies

LeddarTech®, a global leader in providing the most flexible, robust, and accurate ADAS and AD sensing technology, is pleased to announce its recognition among Canada’s Top Growing Companies for 2022 by the Globe and Mail’s Report on Business, where LeddarTech ranked 280 out of 430 eligible companies.

QUEBEC, Oct. 11, 2022 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce it is adopting a business strategy that translates to greater financial and team resources dedicated to an automotive software business model.

For over a decade, LeddarTech has been at the forefront of developing sensing technology that has served the mobility, on-road and off-road markets worldwide. For several years, the company has invested heavily in developing a one-of-a-kind raw data sensor fusion and perception solution. This solution has received multiple awards and the attention of major global automotive Tier 1s and OEMs.

LeddarTech’s fusion and perception software solution, LeddarVision™, is a high-performance, scalable, sensor-agnostic and auto-grade solution that delivers highly accurate 3D environmental models. In addition, LeddarVision supports all SAE autonomy levels by applying AI and computer vision algorithms to fuse raw data from sensors employed in L2-L5 applications. LeddarTech’s use of raw data fusion detects very small obstacles on the road with better detection rates and fewer false alarms than legacy “object fusion” solutions. In addition, unclassified obstacles are also detected, providing an additional layer of safety to the vehicle.

“I am excited to announce the next stage of LeddarTech’s evolution as a leader in automotive software for ADAS and AD applications. “stated Mr. Charles Boulanger, CEO of LeddarTech. “We initiated our foray into automotive software several years ago, and our development has led to a unique award-winning solution that is highly regarded by an industry struggling to solve the challenges of accelerating the large-scale adoption of greater autonomy.” Mr. Boulanger continued, “The conclusions of market analysts and customers clearly support that we are in a unique position with a software solution that OEMs need to enhance ADAS and AD performance.” Mr. Boulanger stated, “The market’s need for a sensor fusion and perception solution that can be easily integrated and includes all the benefits of LeddarVision has never been greater, and our use of raw data fusion makes our offering even more attractive to customers.” Mr. Boulanger concluded, “The LeddarTech team is excited and eager to move ahead on our path and have dedicated ourselves and our technical efforts to the ambitious yet attainable goal of being the most adopted sensor fusion and perception software solution in the market.”

About LeddarTech
Founded in 2007, LeddarTech is an automotive ADAS and AD software company that offers comprehensive end-to-end raw data fusion and perception solutions enabling customers to solve critical challenges across the entire value chain.

LeddarTech’s automotive-grade software technology, LeddarVision™, is a flexible, robust, cost-effective, sensor-agnostic solution that delivers highly accurate 3D environmental models. In addition, this scalable software supports all SAE autonomy levels by applying AI and computer vision algorithms to fuse raw data from sensors employed in L2-L5 applications. LeddarTech’s use of raw data fusion detects very small obstacles on the road with better detection rates and fewer false alarms than legacy “object fusion” solutions. In addition, unclassified obstacles are also detected, providing an additional layer of safety to the vehicle.

LeddarTech is responsible for several innovations in cutting-edge automotive and mobility applications, with over 140 patents granted or applied for, enhancing ADAS and autonomous driving capabilities.

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

LeddarTech Has Been Selected as One of Canada’s Top Growing Companies

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 contact: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator 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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9eea29e-3a7b-4833-b444-6c5cee00297a