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QUEBEC CITY, Jan. 30, 2024 /PRNewswire/ — LeddarTech® (Nasdaq: LDTC), an automotive software company providing proprietary, disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD and parking applications, today announced that its board of directors has appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately. Veilleux will be part of the Audit Committee and Ardisana will be part of the Appointments and Corporate Governance Committee.

“We are pleased to welcome Sylvie and Liz to our board,” said Derek Aberle, board president. “We look forward to benefiting from his deep experience in the technology and automotive sectors and his perspectives on the board of directors as LeddarTech continues to promote adoption of its innovative software solutions in the large and growing ADAS/AD markets.”

Sylvie Veilleux is a strategic global technology leader and former CIO with over 30 years of experience, holding senior management positions at fast-growing technology companies. She was the first CIO at Dropbox (Nasdaq: DBX), led the IT division at Dropbox, and developed the organization’s first global strategic, centralized IT function, allowing it to expand and scale before and after its IPO. . Veilleux also held several critical technology positions at multinational companies such as Apple (Nasdaq: AAPL), Salesforce (NYSE/Nasdaq: CRM), Mozilla and Franklin Templeton Investments (NYSE: BEN).

Veilleux fue reconocida por Forbes CIO NEXT 2021 Top 50 y Technology Magazine Top 100 Womenin Technology 2021.

In addition to LeddarTech, Veilleux is a member of the board of directors of Softchoice (TSE: SFTC), QScale and Prezi, chair of the board of directors and chair of the Compensation and Nomination Committee of Cinchy and served on the board of directors of Europcar Mobility Group when It was a publicly traded company.

Lizabeth Ardisana has more than three decades of business experience. She co-founded ASG Renaissance, a distinguished communications and technical firm, and Performance Driven Workforce (PDW), a scheduling and staffing company. ASG Renaissance has carried out numerous projects for leading automotive companies. Prior to founding ASG, she held various leadership positions in vehicle development, product planning and marketing at Ford Motor Company.

Ardisana is also an influential figure in the Hispanic and Michigan communities, actively contributing as a business and civic leader. She holds board positions for Clean Energy Fuels, HASI and the Michigan Economic Development Corporation. Her philanthropic efforts include involvement with NextEnergy, Grand Canyon Conservancy, Kettering University, and the CS Mott Foundation.

About LeddarTech

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, develops and provides comprehensive low-level sensor fusion and perception software solutions based in AI that enable the implementation of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced computer vision and artificial intelligence algorithms to generate accurate 3D models of the environment for better decision-making and safer navigation. This cost-effective, scalable, high-performance technology is available for OEMs and Tier 1-2 suppliers to efficiently deploy ADAS solutions for automobiles and off-road vehicles.

LeddarTech is responsible for several innovations in remote sensing, with over 150 patent applications (80 granted) improving ADAS, AD and parking capabilities. Greater vehicle awareness is critical to making global mobility safer, more efficient, sustainable and affordable – this is what drives LeddarTech to seek to become the most adopted sensor fusion and perception software solution.

Additional information about LeddarTech can be accessed 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 also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements regarding anticipated strategy, future operations , LeddarTech’s outlook and objectives, as well as other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend on or refer to future events or conditions, and include words such as “may”, “will”, “should”, “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 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, but not limited to: (i) the possibility of that the anticipated benefits of LeddarTech’s recent business combination may not be realized; (ii) the risk that shareholder litigation in connection with the business combination or other agreements or investigations could result in significant costs of defense, indemnification and liability; (iii) changes in general and/or industry-specific economic conditions; (iv) potential disruptions resulting from the business combination that could harm LeddarTech’s business; (v) LeddarTech’s ability to retain, attract and hire key personnel; (vi) potential adverse reactions or changes in relationships with customers, employees, suppliers or other parties, including as a result of the business combination; (vii) possible business uncertainty, including changes in 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, outbreaks of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as the management response to any of the aforementioned factors; (x) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; (xi) LeddarTech’s ability to execute its business model, achieve design advancements and generate significant revenues; and (xii) other risk factors detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including risk factors contained in LeddarTech’s final prospectus filed with the SEC on December 4, 2023. The above list of important factors is not exhaustive. Except as required by applicable law, LeddarTech undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:Daniel Aitken, Vice President of 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 brands 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 symbol “LDTC.”

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