LeddarTech Holdings Inc. announced that it has concluded a long-term licensing arrangement with Renesas Electronics America Inc. to commercialize the LCA2 and LCA3 programmable system-on-chip (SoC) product families. LeddarTech collaborated with Renesas (formerly IDT) to develop the LCA2 and L CA3 programmable SoC products. LeddarTech's distinctive LiDAR software, combined with AI-based low-level fusion and perception, formed the foundation of LeddarTech's ADAS and AD offerings to automotive OEMs and Tier 1-2s.

This agreement with Renesas is one of the outcomes of LeddarTech's strategic transition to a pure-play automotive software company, building on the LeddarVision AI-based low-level Fusion and perception software for advanced driver assistance systems and AD. In connection with this transition, LeddarTech is pursuing a licensing model with strategic partners and customers for its solid-state LiDAR products and technology, and this arrangement with Renesas is currently one of the most prominent licenses established in this process.