QUEBEC
CITY, Jan. 3, 2024 /PRNewswire/ -
LeddarTech®, an automotive software company that
provides patented disruptive AI-based low-level sensor fusion and
perception software technology for ADAS, AD and parking
applications, proudly announces the appointment of Mr. Oren Dayan as Vice-President of Product Line
Management and Business Development. Mr. Dayan will be based at
LeddarTech's research and development center in Tel-Aviv, Israel.
As Vice-President of Product Line Management and Business
Development, Mr. Dayan will be instrumental in executing the
company's automotive software roadmap and the business development
objectives of LeddarTech.
Mr. Dayan possesses over 20 years of leadership experience and
over ten years with a focus on the automotive software market,
managing high-volume strategic programs for leading OEMs and Tier 1
suppliers. As a leader at major technology companies, Oren
successfully led multidisciplinary teams and executed strategic
initiatives with multinational automotive accounts. Before joining
LeddarTech, Oren served as Vice-President of Business and Programs
at automotive technology company Tri-Eye, where he was successful
in strategic product and business development, leading to
significant growth. Before Tri-Eye, Oren was the PM Group Leader
with Mobileye, managing major customer projects, most notably with
global automotive OEM Geely Group. Oren also held significant
leadership roles with Guardian Optical Technologies, Altice and
others.
Mr. Dayan holds a Master of Science (M.Sc.) in Industrial
Management and a Bachelor of Science (B.Sc.) in Computer Science,
Software Engineering from Ben-Gurion
University, Israel.
"I am honored and enthusiastic to take on the Vice-President of
Product Line Management and Business Development role at
LeddarTech," Mr. Dayan stated. "The company's cutting-edge
automotive software solutions have set a benchmark in the industry,
and I am eager to contribute to its growth trajectory. With over 20
years of leadership experience, including a decade focused on the
automotive software market, my primary focus will be driving
business development objectives for LeddarTech. I am committed to
leveraging my expertise to spearhead strategic initiatives, forge
key partnerships and propel the company to new heights in the realm
of ADAS and AD technology. LeddarTech's vision aligns seamlessly
with my passion for advancing innovation, and I am ready to lead
the charge in expanding our footprint in the market through robust
business development strategies," Mr. Dayan concluded.
"I am delighted to welcome Mr. Dayan as our newly appointed
Vice-President of Product Line Management and Business
Development," said Mr. Antonio Polo,
Sr. Vice-President of Product and Business Development of
LeddarTech. "With over a decade dedicated to the automotive
software market and a remarkable leadership journey spanning major
industry players, Mr. Dayan brings invaluable experience to our
team. His strategic vision and proven ability to deliver business
development growth align seamlessly with LeddarTech's fast-growth
goals. Together, we look forward to achieving new heights in
innovation and commercial project deployment success under Mr.
Dayan's capable leadership," Mr. Polo concluded.
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 shall 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, and the anticipated tax treatment of the
business combination; (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; * access to capital and financing and
LeddarTech's ability to maintain compliance with debt covenants;
and (xi) 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.
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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SOURCE LeddarTech Inc.