BASF Environmental Catalyst and Metal Solutions sets the standard for 100% recycled platinum group metal (PGM) offering with Verdium™

  • With Verdium, customers can verify carbon reduction for recycled PGM purchases, including PGMs attributed to select end products
  • One kilogram of Verdium recycled metal saves over thirty metric tons of carbon1
  • UL Solutions provides independent, third-party validation of the physical chain of custody and mass balance accounting

ISELIN, N.J., Dec. 18, 2023 (GLOBE NEWSWIRE) — BASF Environmental Catalyst and Metal Solutions (ECMS), a global leader in precious metal services and catalysis, today launched Verdium™, a new approach to recycled metal based on mass balance. Recycled (secondary) PGMs are essential to the supply of platinum, palladium and rhodium, critical minerals used in catalysts, and can lower carbon emissions by up to 97 percent in comparison to mined (primary) materials. One kilogram of Verdium saves over thirty metric tons of carbon, enabling customers to verify their carbon reduction, track progress to their sustainability goals and help lower their Scope 3 emissions.

Verdium has been independently validated by UL Solutions, a leading global safety science company acting as an independent third party, to its mass balance chain of custody (CoC) standard UL 2809-1, the Environmental Claim Validation Procedure for Defined Source Content, which is in accordance with CoC design and models specified in ISO 22095. The validation process includes annual CoC audits and site visits by UL Solutions.

“Independent validation by UL Solutions is a testament to our recycled metal approach that sets the standard in the PGM space,” said Tim Ingle, Senior Vice President, Precious Metal Services and Recycling, ECMS. “It also brings transparency to the PGM value chain, enabling customers to track carbon reduction with accuracy and confidence.”

Verdium will be available to Europe and U.S.-based PGM customers starting in January 2024. Customers will receive the same quality recycled metal from ECMS, but with Verdium, they can verify their carbon reduction. Documented verification will confirm the amount of recycled metals purchased and applied to select end products, which can be traced to a concrete carbon metric.

“We have long been a leader in advancing circularity and sustainability through our metals expertise,” said Dirk Bremm, President and CEO, ECMS. “Recognizing the pressing demand for tangible sustainability progress, we worked in close consultation with our customers to design Verdium as a traceable, audited solution that helps customers make measurable strides toward their goals.”

“We commend ECMS for their carbon reduction efforts. We hope the UL certification of Verdium will help pave the way for ECMS and its customers to achieve their environmental goals and a more sustainable future for all,” said Josh Warren, Vice President and General Manager of the Retail and Consumer Product group at UL Solutions.

1Sphera Solutions GmbH (2022): GaBi Database Edition 2022, SP37

About BASF Environmental Catalyst and Metal Solutions
Leveraging its deep expertise as a global leader in catalysis and precious metals, BASF Environmental Catalyst and Metal Solutions (ECMS) serves customers in many industries including automotive, aerospace, indoor air quality, semiconductors and hydrogen economy, and provides full loop services with its precious metals trading and recycling offering. With a focus on circular solutions and sustainability, ECMS is committed to helping our customers create a cleaner, more sustainable world. Protecting the elements of life is our purpose and this inspires us to ever-new solutions. ECMS operates globally in 15 countries with over 4,500 employees and 20 production sites.

Media Relations contact
Betsy Arnone
Phone: 973-519-9808
Betsy.arnone@basf-catalystsmetals.com
BASF ECMS
25 Middlesex Essex Turnpike
Iselin, NJ 08830
www.basf.com/ecms

GlobeNewswire Distribution ID 9006577

Deriv, an award-winning online broker’s eco pledge: Planting 2,000 saplings for a greener Cyprus

Elevating corporate social responsibility through the ‘You Reforest Cyprus’

Derivians and their family members come together to participate in the planting of trees.

Derivians planting 2,000 Saplings for a Greener Cyprus.

LIMASSOL, Cyprus, Dec. 18, 2023 (GLOBE NEWSWIRE) — On 19 November, Deriv took the lead in donating and contributing to the planting of over 2,000 saplings at Palodia region, Limassol, through the ‘You Reforest Cyprus’ initiative, powered by Green Shield. Participating in this initiative represents a pivotal moment in Deriv’s CSR efforts.

Deriv, a leading online trading company with a global presence spanning 20 offices, announces its intensified commitment to Corporate Social Responsibility (CSR) from its Cyprus office. This commitment is a testament to the company’s dedication to making a tangible impact on society and the environment.

Geo Nicolaidis, Director at Deriv Cyprus, stated, “Tree planting transcends mere conservation; it is a significant investment in the future of our planet and a reflection of our dedication to sustainable growth for the world we all share. I am deeply inspired by the passion of my team and community, who have volunteered their time and efforts. In laying down these roots, we are restoring our forests and sowing hope for generations to come.”

Geo Nicolaidis receiving a plaque in recognition of Deriv’s eco pledge.

Geo Nicolaidis, Director, Deriv Cyprus, receives a commemorative plaque in acknowledgement of Deriv’s eco pledge.

Deriv’s CSR efforts are a continuous commitment. Following the initial success of planting 2,000 saplings, the company aims to plant an additional 3,000, reaffirming its environmental stewardship. Talent Acquisition Executive Anna Themistokleous remarked, “Each sapling we plant is a step towards a greener future, reflecting our commitment to environmental care and community well-being.”

The company is also personalising its environmental efforts by adopting a tree to celebrate its employees’ special life events, such as birthdays or anniversaries. Jean-Yves Sireau, CEO of Deriv, comments, “Our environmental efforts are intertwined with our team’s milestones. By combining ecological responsibility with employee recognition, we’re nurturing a culture of sustainability that extends beyond our company.”

Over the past year, Deriv’s CSR programme, ‘Deriv Life’, has been responsible for several significant initiatives, including sponsoring a prosthetic limb for Malaysia’s youngest elephant amputee. These actions reinforce Deriv’s dedication to CSR as a core aspect of its identity and mission.

To learn more, visit Deriv Life and the company website.

About Deriv

For over two decades, Deriv has been committed to making online trading accessible to anyone, anywhere. Trusted by over 2.5 million traders worldwide, the company offers an expansive range of trade types and boasts over 200 assets across popular markets on its award-winning, intuitive trading platforms. With a workforce of more than 1,300 people globally, Deriv has cultivated an environment that celebrates achievements, encourages professional growth, and fosters talent development.

PRESS CONTACT
Aleksandra Zuzic
aleksandra@deriv.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/28c41767-86ee-4bbd-967b-e7f203b9d7ab/en
https://www.globenewswire.com/NewsRoom/AttachmentNg/9c0244fd-7f7e-4bd1-9413-0f88d4f3fb44/en

GlobeNewswire Distribution ID 1000904603

IdentiFlight Enters French Energy Market as e3 IDF GmbH Announces New Office in Nantes

Yoann Payelleville

Yoann Payelleville, General Manager of e3 IdentiFlight France

NANTES, France, Dec. 18, 2023 (GLOBE NEWSWIRE) — e3 IDF GmbH and IdentiFlight announce the launch of e3 IdentiFlight France in the Nantes area, reinforcing IdentiFlight’s global presence and commitment to the French market. The French office offers expertise in renewable energy project development and the IdentiFlight product – the industry leader in avian species detection technology for wind farm applications.

Recognized in 2023 by French Authorities for its effectiveness in reducing red kite fatalities in wind farms, IdentiFlight combines AI and high-precision optics to identify bird species and prevent collisions with wind turbine blades.

Jens Schoettler, CEO of e3 IDF GmbH, emphasized, “The demand for wind energy is continuously rising. The expansion of e3 offices into France will enable us to meet the increasing need for avian detection and protection across Europe.”

Leading the e3 IdentiFlight France office is Yoann Payelleville, a 20-year veteran in the wind energy sector. His extensive experience in engineering and sales at Enercon equips him with a deep understanding of the French wind energy market.

Don Mills, President and Chief Operating Officer of IdentiFlight, expressed his excitement about the expansion, stating, “We are thrilled that the e3 IdentiFlight France office will provide greater accessibility to technology that offers maximum avian protection while maximizing wind energy generation. This partnership expansion with e3 will enhance our ability to serve the French market.”

The e3 IdentiFlight France office will be recruiting new positions to help meet the growing French market demand for IdentiFlight technology. To learn more about employment opportunities, please visit the e3 website or email contact@e3-identiflight.fr.

About IdentiFlight and How it Works

Developed by Boulder Imaging, Inc., IdentiFlight utilizes cutting-edge machine vision and AI technology to achieve a 99% accuracy rate in identifying avian species within a one-kilometer range in wind farms. Specialized software and neural networks swiftly analyze images, determining 3D position, speed, trajectory, and specific species.

IdentiFlight safeguards birds in operational wind farms by preventing collisions with turbine blades and reduces energy loss through informed curtailment. Additionally, it supports wind energy projects by quantifying bird activity at potential sites. Deployed globally since 2016 and independently validated over multiple years, the IdentiFlight system now protects hundreds of wind turbines worldwide. Independent research underscores its effectiveness, showcasing an over 85% reduction in avian fatalities over previous mitigation methods.

Explore further at www.IdentiFlight.com.

About e3 IdentiFlight France

e3 IdentiFlight France is a subsidiary of e3, a wind energy company, focused on project development in Germany. Situated in the Nantes area in Vertou, e3 IdentiFlight France promotes wind development and wildlife conservation using the IdentiFlight product. Collaborating with its parent company, e3 IDF GmbH, the French office brings over 15 years of expertise in renewable energy project development to address the growing demand for green energy. From project inception to wind farm commissioning, the e3 offices support projects throughout their lifecycle, offering industry insights from site selection to repowering initiatives.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b6ae4509-b529-4c77-a8d0-357257ed9cf8

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dd44536f-dfea-48f2-a673-92550afa1315

CONTACT INFORMATION
Tawney Eisenbraun
Marketing and Communications Manager
+1.605.863.1232
teisenbraun@boulderimaging.com

GlobeNewswire Distribution ID 9005801

Curia Appoints Gerald Auer as Chief Financial Officer

ALBANY, N.Y., Dec. 15, 2023 (GLOBE NEWSWIRE) — Curia, a leading contract research, development and manufacturing organization, today announced that Gerald Auer has been appointed as chief financial officer. He will join the organization effective Jan. 1, 2024.

“I am delighted to welcome Gerald to Curia as we head into the new year,” said Curia CEO Philip Macnabb. “Gerald brings extensive experience leading finance divisions with an impressive track record for success. I am confident that he will be an invaluable asset to our team and will help position us for a strong year in 2024.”

Auer most recently served as CFO at Al Dahra, a company specializing in agribusiness. Prior to his time at Al Dahra, Auer was CFO of the EMEA crop science division at Bayer, a life science company focused on health care and agriculture, and CFO of Bayer Switzerland. He spent more than 20 years at Bayer and held multiple leadership roles within its finance department, leading finance functions across the global organization in the North and Latin America region as well as Europe, the Middle East and Africa. Auer studied at the University of Marburg in Germany where he earned his master’s degree in business administration.

He currently resides in Basel, Switzerland with his family, but they plan to relocate to Raleigh, North Carolina in 2024.

“Curia is a dynamic company in the CDMO space with an inspirational mission to improve patients’ lives,” said Auer. “I look forward to collaborating with the talented team at Curia to help drive that mission for our customers and their patients.”

About Curia

Curia is a leading contract research, development, and manufacturing organization providing products and services from R&D through commercial manufacturing to pharmaceutical and biopharmaceutical customers. Curia’s nearly 4,000 employees at 27 locations across the U.S., Europe, and Asia help its customers advance from curiosity to cure. Learn more at CuriaGlobal.com.

Curia Contact Information:
Viana Bhagan
+1 518 512 2111
corporatecommunications@CuriaGlobal.com

GlobeNewswire Distribution ID 8995447

Getmyboat Helps Boat Businesses Grow with a Powerful Direct Booking Feature

The world’s leading boat rental platform launches a new solution for charter businesses to streamline payments and scheduling for just 1.5%

Getmyboat Launches Direct Booking Feature

The world’s leading boat rental platform launches a new solution for charter businesses to streamline payments and scheduling for just 1.5%

MENLO PARK, Calif., Dec. 14, 2023 (GLOBE NEWSWIRE) — Getmyboat, the world’s leading booking platform for yacht charters and boat rentals, is thrilled to announce the launch of its Direct Booking feature.

While consulting with partners of boating businesses of all sizes, Getmyboat discovered that many owners shared struggles in managing bookings from off-platform sources, including payment processing issues like fraud and chargebacks, claims management, fees for accepting credit payments, scheduling, renter communication and more which led to organizational headaches. To remedy these challenges, Getmyboat is focused on building a comprehensive software solution specifically designed for boat rental, yacht charter, and boat tour companies, and is constantly introducing new ways for owners to manage their entire business. The launch of Direct Booking on the Getmyboat app is a major first step in streamlining booking management, all for just 1.5%, which is among the lowest rates in the industry. Whether through their own websites, by email, Facebook, phone calls, or in person – Getmyboat owners can now take all leads and seamlessly turn them into bookings making it easier for them and their customers.

Key Benefits of Getmyboat’s Direct Booking

Unified Management: Boat owners can now consolidate all bookings, regardless of the source, into one comprehensive platform, eliminating the need for multiple software solutions and calendars.

Simplified Offers and Payment Processing: With a few simple steps, owners can send out offers, securely collect payments including credit cards, and automatically synchronize bookings with their overall calendar, ensuring a hassle-free transaction process for both the owner and renter.

Fraud Protection and Dispute Resolution: Direct Booking benefits from Getmyboat’s robust software, providing owners with fraud protection, claims process management, and efficient dispute resolution for all transactions.

Low Cost: Boating businesses only pay 1.5% per transaction to use the service. Not only does this cover credit card fees, but includes all the other integration features above.

Frank D, a fleet owner in Miami, expressed his enthusiasm, stating, “I’m really excited to use this new feature. Now, I will be able to see everything in one place, communicate with my clients on a single platform, and collect payments simply. And I’ll know where all my boats are supposed to be no matter where the customer came from originally.”

Bryan Petro, Getmyboat President, shared “We’re thrilled to bring Direct Booking to our partners. We know they have a tremendously hard job on the logistics side of the business, and we can take what we’ve built and extend it to everyone to help their businesses grow.”

Getmyboat owners can easily get started by opening the app or website, navigating to their inbox, and clicking on the “Add a Direct Booking” option. From there, they can enter customer and trip information, streamlining their management processes directly within their Getmyboat account.

As the top source of customers for boating businesses globally, Getmyboat continues to innovate to address the challenges faced by owners in managing their business across various platforms and is on a mission to provide the best growth tools in the industry.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d68cd4be-e68b-45b8-8caa-b31733c18679

For further information, please contact:

Val Streif
Getmyboat
val@getmyboat.com
+1 612-298-2535

GlobeNewswire Distribution ID 8994552

Fortrea Convenes New Site Advisory Board

Fortrea’s Site Advisory Board brings research leaders together to focus on evolving site, sponsor and patient relationships

DURHAM, N.C., Dec. 13, 2023 (GLOBE NEWSWIRE) — Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced it convened last week the inaugural meeting of its Site Advisory Board, a collaboration between clinical research investigator sites (“sites”) and industry leaders to create a better clinical trial experience for sites, patients and clinical study sponsors (“sponsors”) by targeting changes in technology, operational planning and delivery, commercial terms and community engagement.

Fortrea places sites and investigators at the forefront of clinical trial planning, leveraging their perspectives to drive changes that will improve the speed of trial execution, ease study start up and increase recruitment efficiency. These changes address long-standing challenges within clinical trials and will result in a better site, patient and sponsor trial experience. The Site Advisory Board will be responsible for providing insight and feedback on strategies and solutions proposed regarding sites, patients, trial operations and relevant technology.

“Sites and investigators are critical to the industry at every stage of clinical development, and they traditionally have faced hard-to-solve challenges in clinical trials alone. We welcome their insights in protocol design and actively engage them in early conversations with our operational teams and sponsors to quickly establish the most efficient, patient-focused trial plans,” said Mike Clay, vice president, Development Strategy and Growth, at Fortrea. “The formation of the Site Advisory Board marks an acceleration of our site-focused strategy and includes representation from incredibly impressive leaders, creating a think tank for our industry. The Board will also serve as a cornerstone of our ability to respond to sponsors with insights that improve the predictability of their trials, working together to develop efficient operational plans and provide sponsors with a high degree of confidence in speed of patient recruitment and overall trial delivery.”

Inaugural members of Fortrea’s Site Advisory Board include leaders and experts from Circuit Clinical, Elligo Health Research, FutureMeds, Javara, MD Anderson Cancer Center Foundation Spain, ObjectiveHealth, Pratia S.A. and Velocity Clinical Research, representing 440 sites across more than 25 therapeutic areas and nine countries and providing access to diverse patient communities.

What Fortrea’s Site Advisory Board members are saying…

“We firmly believe that this collaborative approach, bringing together both CRO and sites, will enable all stakeholders to align more effectively on perspectives within the clinical trial market,” said Łukasz Bęczkowski, chief operating officer at Pratia. “This, undoubtedly, empowers us to act together in a more efficient manner. Initiatives like these play a crucial role in propelling us all towards positive and expedited changes.”

“Fortrea is taking a ‘listen first’ approach by giving sites an equal voice towards the most effective working practices for dynamic patient communities and site stakeholders, leading to the best service to clinical trial sponsors,” said Nick Spittal, chief operations officer at Velocity Clinical Research.

“Fortrea is leading the industry in making partnerships more productive and efficient, from trial process to business relationships, all in the effort to accelerate new products to market,” said Barry Simms, chief operating officer at Elligo Health Research.

“Providing the appropriate patient access solution is vital in determining the ultimate success of a clinical trial. Historically, care providers have not been involved in the early development of research planning and strategy,” said Colleen Hoke, chief executive officer at ObjectiveHealth. “We are very supportive of Fortrea employing an innovative new approach to engage with healthcare site partnership providers, who are key to delivering successful research results, early in the planning process.”

“FutureMeds is delighted to join the Fortrea Site Advisory Board to build better understanding between key stakeholders in the clinical research industry,” said Radek Janiak, chief executive officer at FutureMeds. “Hearing the voice of patients, investigators and sites will put Fortrea in a pole position for bringing new therapies to the market.”

“Working across the vast clinical trial ecosystem is complex and requires highly functional partnerships centered on trust and competence,” said Michelle Rule, senior vice president of enterprise optimization at Javara. “Fortrea’s genuine commitment to building a forum and working relationships through the Site Advisory Board exhibits dedication to progress for all stakeholders in research and, most of all, the patients.”

About Fortrea

Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development and patient access solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients in need. Fortrea provides phase I-IV clinical trial management, clinical pharmacology, differentiated technology-enabled trial solutions and post-approval services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team of about 19,000 people working in more than 90 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter) @Fortrea.

Fortrea Contacts:
Fortrea Media: Galen Wilson – 703-298-0802, media@fortrea.com
Fortrea Media: Kate Dillon – 646-818-9115, kdillon@prosek.com

GlobeNewswire Distribution ID 8994021

Global alternative assets remain resilient in 2023 amid economic uncertainty — Preqin Global Reports 2024

Pockets of opportunity emerge in private credit and secondaries

LONDON, Dec. 13, 2023 (GLOBE NEWSWIRE) — Today Preqin, the global leader in alternative assets data, tools, and insights, published its Alternatives in 2024 report, part of the Preqin Global Reports 2024. The report provides analysis on trends on key factors and trends driving the alternative assets industry.

While 2023 is a year so far characterized by market headwinds and a challenging fundraising environment for investors and fund managers alike, Preqin analysts remain optimistic about the outlook for global alternative assets. For instance, private debt fundraising fared relatively well in comparison to other private capital asset classes, while secondaries deal flow should start to pick up going into 2024 as the market comes back into balance.

Cameron Joyce, Head of Private Equity, Research Insights at Preqin, says, “Amid the formidable headwinds marked by swiftly tightening monetary policy and economic uncertainty, alternative assets have remained comparatively resilient. The industry continues to evolve rapidly, and promising opportunities are presenting themselves in areas such as private debt and secondaries. We continue to forecast solid growth for the industry despite softening expectations around fundraising and performance.”

Key highlights from each asset class:

Private equity faces a stern test:

The private equity market has been hampered by rising interest rates – which have weighed on deal activity – and a constrained exit environment. Dealmakers are hoping for an increase in activity during 2024 and long-term investor appetite remains strong.

Venture capital investor sentiment on performance improves:

Venture capital returns have been challenged by factors such as the poor exit environment, elevated asset valuations, and climbing interest rates. Noting this, our latest investor survey shows that investors’ outlook is shifting, and they are comparatively more positive on the performance of the asset class over the next 12 months.

Private debt fundraising holds up:

Private debt’s floating-rate structure and seniority in the capital stack are especially attractive for investors seeking more defensive assets in challenging conditions, with strategies such as mezzanine debt growing in popularity.

Hedge funds’ AUM rises despite net outflows:

Hedge funds’ AUM growth has been driven primarily by asset returns and not inflows and outflows. In fact, hedge fund returns during months of market volatility proved that they can be effective in providing investors with downside protection. Niche strategies such as cryptocurrencies and insurance-linked securities (ILS) gained prominence due to their low public market correlation.

Real estate under pressure:

Rising interest rates have weighed on investment sentiment, resulting in weaker fundraising and deal activity. As investors flock toward larger funds in search of a sense of security, fundraising has been even more challenging for first-time and smaller funds.

Infrastructure may be turning a corner:

Fundraising fell sharply in 2023, a significant reversal after fund managers amassed record sums in 2022. But third-quarter deal activity proved robust and tailwinds from energy transition will continue to underpin the long-term growth of unlisted infrastructure.

For more information, contact Mimi Celeste Taylor at mimiceleste.taylor@preqin.com.  

Notes to the editors

Alternatives in 2024 is a freely available version to accompany the Preqin Global Reports 2024. This complimentary report explores the impact of macroeconomic headwinds and market volatility on alternative assets this year and beyond.

If you are a full-time member of the press and would like to receive a full copy of any of the following reports, please get in touch: Private equity, venture capital, private debt, hedge funds, real estate and infrastructure. For non-press, the 2024 Preqin Global Reports are available for Preqin Insights+ subscribers.

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1000903920

Catch the Future in Action: LeddarTech Unveils Its Award-Winning LeddarVision ADAS Products and Technology at CES Las Vegas 2024

LeddarTech Present at CES Las Vegas 2024

LeddarTech Present at CES Las Vegas 2024

QUEBEC CITY, Canada, Dec. 13, 2023 (GLOBE NEWSWIRE) — LeddarTech® (NASDAQ: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS and AD, is thrilled to announce its presence at CES 2024 (booth 11014 LVCC/North Hall) and to offer visitors an exclusive glimpse into the next generation of software technology and inspired products enabling ADAS and AD applications.

 LeddarTech Present at CES 2024 IMMERSE YOURSELF in the future of automotive innovation with LeddarVision™, a sensor and processor-agnostic, high-performance and versatile automotive low-level sensor fusion and perception software platform that generates a comprehensive 3D environmental model from various sensor types (camera, radar and LiDAR) and configurations.

Experience LeddarVision and L2/L3 ADAS products in action in various climates and road conditions on the LeddarTech interactive dashboard featuring:

  • **NEW** LeddarVision Surround (LVS-2+) is the surround-view premium fusion and perception stack that efficiently extends the LVF front-view product family 1VxR sensor configuration to a 5V5R configuration.
  • **Award-winning** LeddarVision Front Entry (LVF-E), a front-view fusion and perception stack for entry-level ADAS L2/L2+ highway assist and 5-star NCAP 2025/GSR 2022 featuring Texas Instruments’ TDA4VM-Q1 processor. The LVF-E achieves the lowest system cost for L2/L2+ entry-level ADAS.

RIDE ALONG LeddarCar live: Customers and analysts are invited to book a real-world on-road demonstration of LeddarTech’s LeddarVision low-level fusion and perception software technology.

Customers, analysts, investors and the media are invited to schedule a meeting with
our team at CES to learn more about LeddarTech.

“Join us as we demonstrate our groundbreaking LeddarVision automotive software solutions in the dynamic LeddarCar and unveil our cutting-edge ADAS products and technology at CES 2024,” stated Frantz Saintellemy, President, COO and incoming CEO of LeddarTech. “CES is a great opportunity for us to connect with our customers, partners, media, investors and policymakers and to showcase how our technology improves mobility and quality of life for all road users. LeddarTech’s participation at CES 2024 underscores our pivotal role in advancing the future of automotive technology, reinforcing our position as a leading player in automotive software.”

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 daniel.aitken@LeddarTech.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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe9b76b7-c72b-416d-8174-2b4bfe122503

GlobeNewswire Distribution ID 8991943