LeddarTech acquires assets of Phantom Intelligence

Sept. 22, 2020
The acquisition provides LeddarTech access to specific lidar designs, software, and associated customer and partner projects.

Level 1-5 advanced driver-assistance systems (ADAS) and autonomous driving (AD) sensing technology developer LeddarTech (Québec City, QC, Canada) has acquired the assets of Phantom Intelligence (also in Québec City), including all of its intellectual property and technology.

Founded in 2011, Phantom Intelligence offers expertise in signal processing and lidar technology that protects vulnerable road users (VRUs) and improves the safety and fluidity of travel by offering solutions that enable reliable ADAS.

The Phantom Intelligence transaction on September 14, 2020 represents the second acquisition by LeddarTech in the last three monthsin July 2020, LeddarTech acquired VayaVision, a sensor-fusion and perception technology company. The acquisition of Phantom Intelligence provides LeddarTech access to specific lidar designs, software, and associated customer and partner projects. The company and its intellectual property will transition under the LeddarTech brand.

“The Phantom Intelligence acquisition further advances our strategy to aggregate and consolidate automotive sensing technologies, enabling LeddarTech to offer comprehensive solutions to our customers at lower costs,” says Frantz Saintellemy, President and COO of LeddarTech. 

For more information, please visit leddartech.com.

Source: LeddarTech via GlobeNewswire – September 22, 2020

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