Day: May 10, 2022

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Capitec Bank Selects nCino to Drive Digital Business Banking Innovation

South African bank’s adoption of nCino expands the company’s reach to five continents

LONDON and STELLENBOSCH, South Africa, May 10, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Capitec Bank (Capitec; JSE: CPI), South Africa’s largest and fastest-growing digital bank has partnered with nCino. nCino is assisting with building the bank’s Business Banking loan management system, optimising its simplicity and efficiency in line with Capitec’s mission to help clients bank better to live better.

Karl Kumbier, Executive of Capitec Business, says he is very excited that Capitec has chosen nCino as a partner, saying that “Capitec is a brand that is associated with hard work, innovation, and disruption. It is the fastest-growing bank in the country and has over 70,000 business banking clients. We are looking forward to taking our ethos of simplicity even further, with the inclusion of this technology into our systems for a more seamless experience for the businesses we serve.”

“We are extremely proud to be working with Capitec, an institution with an incredible reputation as South Africa’s largest digital bank,” said Pierre Naudé, CEO at nCino. “With 17 million retail clients, Capitec has embraced an agile and innovative approach to growth. We’re glad Capitec saw a partner in nCino and look forward to providing the Bank with industry-leading technology and a flexible platform that will help drive the sustainability and growth of its business banking operations.”

Thomas Byrne, Head of Product, EMEA at nCino added, “As we continue to expand into new countries, we’re developing additional depth and breadth to the nCino platform to solve the business, technical, and regulatory pain points that regularly trouble financial institutions on a global scale. We’re looking forward to providing Capitec with a scalable platform that enables the bank to improve client and employee experiences by streamlining, digitising and automating complex processes for a faster, more efficient and transparent experience for business owners.”

About Capitec
Capitec Bank (JSE: CPI), the biggest digital bank in South Africa based on the number of clients, has gained over 18 million active clients’ trust. Capitec Bank offers simplified, affordable, and transparent banking with personalised service, using relevant innovative technology to drive down costs and increase security and accessibility. From a digital perspective, Capitec Bank is South Africa’s largest digital bank with over 10 million digital clients.

The Group acquired Mercantile Bank, a business bank for small and medium enterprises, in 2019 and is committed to building a business bank that is disruptive in the market and scalable through digital technology.

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

MEDIA CONTACTS
Jasmin Athwal, nCino Natalia Moose, nCino
+44 7881 374552 +44 7825 211135
[email protected] [email protected]

This press release contains forward-looking statements within the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution, competition, international expansion, and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our website at www.ncino.com or the SEC’s website at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

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Hitachi Energy launches game-changing power semiconductor module globally for all types of electric vehicles

High-performance power electronics take e-mobility to the next level and advance a more sustainable energy future for all

Zurich, Switzerland, May 10, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, the global technology and market leader in power grids, today announced it will launch globally RoadPak, its pioneering power semiconductor module for electric vehicles at PCIM Europe, the world’s leading power electronics trade fair in Nuremberg, Germany, May 10-12.

RoadPak sets a new benchmark in electric vehicle performance. This compact module uses state-of-the-art silicon carbide (SiC) technology to achieve exceptional levels of power density for faster charging, reliability over the vehicle’s lifetime, and the lowest possible power losses for the longest possible driving range.

“RoadPak is the result of more than 100 years of Hitachi Energy innovation and market leadership in power electronics,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “Along with our Grid-eMotion™ Flash and Fleet EV charging systems, it builds on our commitment to take e-mobility to the next level and advance a more sustainable energy future for all.”

Tested by many EV manufacturers and with two seasons of flawless performance with the Mahindra Racing Formula E team, RoadPak is available in both the 750 volt and 1,200 volt ranges. This makes it ideal for all types of electric vehicle – regular and luxury cars, commercial vehicles, buses, agricultural EVs, heavy-duty trucks and high-performance racing cars.

“We have had the privilege of piloting this advanced power module on our Mahindra M7Electro and M8Electro racing cars over the last two years, which has proven to significantly increase performance and reliability,” said Dilbagh Gill, CEO and Team Principal of Mahindra Racing. “This high technology improvement allows us to develop next-generation state-of-the-art green automotive solutions and improve driving experience.”

Power semiconductors are a critical component in electric vehicles. They are the heart of the inverter, which converts DC power from the vehicle’s battery into the AC power that drives the motor. Reliability is key. RoadPak semiconductors are designed to operate faultlessly for more than four million start-stop cycles over the vehicle’s lifetime.

The EV market is growing exponentially. Global sales of electric cars grew 40 percent in 2020 and almost doubled in 2021.1 In addition, all major car manufacturers have committed to phase out their petrol and diesel vehicles by 2030 or earlier.

Hitachi Energy has two separate manufacturing sources supporting security of supply worldwide for its SiC-based power semiconductor products, including RoadPak. The company makes its own SiC chips at its semiconductor factory in Switzerland and is supported by an independent SiC chip manufacturer in the United States, thereby securing supply in terms of both volumes and geographic availability.

Hitachi Energy’s advanced semiconductor technology is a key component in its grid integration solutions that enable vast amounts of renewable energy to flow reliably through power grids and between nations. They are also key to the traction converter systems that drive high-speed electric trains and metros, and the electric vehicles that are making road transportation clean and sustainable.

Notes to the Editor:

1. According to the International Energy Agency and World Economic Forum respectively: https://www.iea.org/news/global-electric-car-sales-set-for-further-strong-growth-after-40-rise-in-2020 and https://www.weforum.org/agenda/2022/02/electric-cars-sales-evs/.

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billions of yen (84,136 millions of U.S. dollars), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachments

Rebecca Bleasdale
Hitachi Energy Ltd.
+41 78643 2613
rebecca.bleasdale@hitachienergy.com
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Nyxoah Reports First Quarter 2022 Financial and Operating Results

REGULATED INFORMATION

Nyxoah Reports First Quarter 2022 Financial and Operating Results

Mont-Saint-Guibert, Belgium – May 10, 2022, 08:50pm CET / 2:50pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH)(“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today reported financial and operating results for the first quarter of 2022.

First Quarter 2022 Financial and Operating Highlights

  • Generated revenue of €660,000 from the commercialization of Genio® in Europe, primarily in Germany, which represents year-over-year growth of more than three-and-and-half times and is more than double what was achieved in the fourth quarter of 2021
  • Exited the first quarter with 15 active implant sites in Germany, representing 25% growth over Q4 2021; Nyxoah expects to add an extra 10 sites by the end of the third quarter of 2022, bringing the total to 25 active implanting accounts and driving quarterly sales acceleration and market leadership in Germany by the end of 2022
  • Completed the first commercial Complete Concentric Collapse (CCC) patients in Germany
  • Accelerated monthly patient enrollment in the DREAM U.S. IDE study and continue to expect implants to be completed in the second quarter of 2022
  • The U.S. FDA approved Nyxoah’s request to reduce the sample size in DREAM to 115 patients from the original 134, driven by new and favorable data from the BETTER SLEEP study; aside from the updated sample size, all other study parameters, including performance goals, statistical power, and significance level, remain identical to the original approved study
  • Nominated Raymond Cohen, Chief Executive Officer and board member of Axonics, Inc. and Virginia Kirby, Executive-in-Residence at the Discovery Launchpad at the University of Minnesota’s Office of Technology Commercialization, for appointment to the Board of Directors, pending approval by the Annual Shareholders’ Meeting on June 8, 2022; Don Deyo and Jan Janssen are stepping down, keeping the total number of board members at eight

“I am extremely pleased with our first quarter results and strong execution that resulted in an acceleration in sales and DREAM implants as we progress towards achieving all of our strategic priorities for 2022 and beyond,” commented Olivier Taelman, Nyxoah’s Chief Executive Officer. “On the commercial side, the €660,000 of revenue we booked in the first quarter was roughly equal to the revenue performance from the previous three quarters combined. We now have 15 active implant sites in Germany, and we will continue to add 10 more sites by the end of the third quarter. This growth validates our patient-centric, ‘Going Deep’ strategy of developing Centers of Excellence as we increase therapy penetration at each of these sites. We were also thrilled to implant our first commercial CCC patients in Germany, and we expect continued acceleration in CCC implants following the positive response to our BETTER SLEEP data presentation at the World Sleep Congress in Rome, where we hosted 55 key opinion leaders during the pre-Congress symposium.”

Mr. Taelman continued, “We are also happy with the acceleration in the pace of implants in our DREAM U.S. pivotal study, given recent weekly implant rates, which have increased meaningfully over the last month. We believe we have enough patients enrolled to complete the study by the end of the second quarter of 2022, particularly in light of the FDA’s approval to reduce the sample size to 115 patients. We also continue our dialogue with FDA regarding our IDE submission for our ACCCESS trial for CCC patients in the U.S., and we expect to implant our first patient before the end of this year.”

“Finally, I am thrilled to announce the nominations of Ray Cohen and Ginny Kirby for appointment to the Board of Directors. They will bring a wealth of knowledge that will benefit Nyxoah as we complete DREAM, prepare for our U.S. launch, and advance our pipeline. I look forward to working closely with both of them,” concluded Mr. Taelman.

First Quarter 2022 Results

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE THREE MONTHS ENDED MARCH 31, 2022 – INTERIM CONSOLIDATED STATEMENTS OF LOSS AND OTHER COMPREHENSIVE LOSS (IN THOUSANDS)

        For the three months ended March 31
Notes 2022   2021
       
Revenue €  660 €  185
Cost of goods sold   ( 289) ( 52)
Gross profit €  371 €  133
Research and Development Expense   (3 595) (3 094)
Selling, General and Administrative Expense (4 193) (2 366)
Other income/(expense) 136 4
Operating loss for the period   € (7 281) € (5 323)
Financial income 1 576 4
Financial expense   ( 788) ( 325)
Loss for the period before taxes € (6 493) € (5 644)
Income taxes   ( 208) ( 25)
Loss for the period € (6 701) € (5 669)
     
Loss attributable to equity holders € (6 701) € (5 669)
Other comprehensive loss  
Items that may be subsequently reclassified to profit or loss (net of tax)
Currency translation differences   ( 102) ( 70)
Total comprehensive loss for the year, net of tax € (6 803) € (5 739)
Loss attributable to equity holders   € (6 803) € (5 739)
Basic Loss Per Share (in EUR) € (0.260) € (0.256)
Diluted Loss Per Share (in EUR) € (0.260) € (0.256)

The accompanying notes are an integral part of these condensed consolidated interim financial statements

 

UNAUDITED CONSOLIDATED BALANCESHEET (in thousands)

        As at
March 31 2022   December 31 2021
ASSETS
Non-current assets        
Property, plant and equipment € 2 048 € 2 020
Intangible assets 28 526   25 322
Right of use assets 3 154 3 218
Deferred tax asset     529   46
Other long-term receivables 165 164
    € 34 422   € 30 770
Current assets      
Inventory     301   346
Trade receivables 619 226
Other receivables     1 607   2 286
Other current assets 1 197 1 693
Financial assets 45 041 −
Cash and cash equivalents 82 787 135 509
  € 131 552 € 140 060
Total assets € 165 974 € 170 830
   
EQUITY AND LIABILITIES
Capital and reserves    
Capital 4 432 4 427
Share premium 228 158   228 033
Share based payment reserve   3 788 3 127
Other comprehensive income 100   202
Retained loss   (93 864) (87 167)
Total equity attributable to shareholders € 142 614 € 148 622
     
LIABILITIES
Non-current liabilities    
Financial debt 7 952   7 802
Lease liability   2 664 2 737
Pension liability 80   80
Provisions   22 12
Deferred tax liability −   5
€ 10 718 € 10 636
Current liabilities    
Financial debt 598   554
Lease liability   599 582
Trade payables 3 401   3 995
Current tax liability 3 588   2 808
Other payables 4 456   3 633
  € 12 642 € 11 572
Total liabilities € 23 360 € 22 208
Total equity and liabilities € 165 974 € 170 830

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE THREE MONTHS ENDED MARCH 31, 2022 – INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS)

        For the three months ended March 31
2022   2021
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before tax for the year       € (6 493)   € (5 644)
Adjustments for
Finance income (1 576) ( 4)
Finance expenses 788 325
Depreciation and impairment of property, plant and equipment and right-of-use assets 255 164
Amortization of intangible assets 208 211
Share-based payment transaction expense 665 −
Increase/(decrease) in provisions 10 −
Other non-cash items 180 3
Cash generated before changes in working capital € (5 963) € (4 945)
Changes in working capital
Decrease/(Increase) in inventory 45 ( 51)
(Increase)/decrease in trade and other receivables 884 (1 195)
Increase/(Decrease) in trade and other payables ( 392) 2 170
Cash generated from changes in operations € (5 426) € (4 021)
Interests received − 1
Income tax paid (65) (34)
Net cash used in operating activities € (5 491) € (4 054)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment ( 128) ( 169)
Capitalization of intangible assets (3 412) (1 606)
(Increase)/decrease in financial assets – current (44 032) −
Net cash used in investing activities € (47 572) € (1 775)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of principal portion of lease liabilities ( 146) ( 135)
Repayment of other loan ( 21) ( 21)
Interests paid ( 109) ( 105)
Proceeds from issuance of shares, net of transaction costs 130 52
Other financial costs (2) −
Net cash generated from financing activities € ( 148) € ( 209)
Movement in cash and cash equivalents € (53 211) € (6 038)
Effect of exchange rates on cash and cash equivalents 489 ( 55)
Cash and cash equivalents at January 1 € 135 509 € 92 300
Cash and cash equivalents at March 31 € 82 787 € 86 207

Revenue

Revenue was €660,000 for the first quarter ending March 31, 2022, compared to €185,000 for the first quarter ending March 31, 2021. The increase in revenue was attributable to the Company’s commercialization of the Genio® system, primarily in Germany.

Cost of Goods Sold

Cost of goods sold was €289,000 for the three months ending March 31, 2022, representing a gross profit of €371,000, or gross margin of 56.2%.

Research and Development Expenses

Research and Development expenses were €3.6 million for the three months ending March 31, 2022, versus €3.1 million for the prior year period, reflecting the Company’s investments in the development of next generation versions of the Genio® system as well as ongoing clinical studies, most notably DREAM in the U.S.

Selling, General and Administrative Expenses

General and administrative expenses rose to €4.2 million for the first quarter of 2022, up from €2.4 million in the first quarter of 2021. This was due primarily to increased commercial efforts in Germany and other European markets, as well as investments in Nyxoah’s corporate infrastructure. The Company expects to continue adding headcount across the organization ahead of U.S. commercial launch.

Operating Loss

Total operating loss for the first quarter of 2022 was €7.3 million versus €5.3 million in the first quarter of 2021, driven by the acceleration in our R&D spending, as well as ongoing commercial and clinical activities. Nyxoah realized a net loss of €6.7 million for the quarter ended March 31, 2022, compared to a net loss of €5.7 million for the quarter ended March 31, 2021.

Cash Position
As of March 31, 2022, cash and financial assets totaled €127.8 million on March 31, 2022, compared to €135.5 million on December 31, 2021. Total cash burn was approximately €2.6 million per month during the first quarter of 2022. Nyxoah expects monthly cash burn to increase slightly as the year progresses to account for the commencement of the ACCCESS IDE trial in the U.S., and current cash position provides ample liquidity to get to U.S. commercialization in 2024.

First Quarter 2022 Report
Nyxoah’s financial report for the first quarter of 2022, including details of the consolidated results, are available on the investor page of Nyxoah’s website (https://investors.nyxoah.com/financials).

Conference call and webcast presentation 
Nyxoah will conduct a conference call open to the public tomorrow, May 10, 2022, at 2:00 p.m. CET / 8:00 a.m. ET, which will also be webcasted. To participate in the conference call, please dial one of the following numbers:

Conference ID: 8444917

USA:                             (844) 260-3718
Belgium:                       0800 73264
International:                (929) 517-0938

A question-and-answer session will follow the presentation of the results. To access the live webcast, go to https://investors.nyxoah.com/events. The archived webcast will be available for replay shortly after the close of the call.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward-looking statements 
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; and the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2021, to be filed with the Securities and Exchange Commission (“SEC”) on March 24, 2022, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:
Nyxoah
Loic Moreau, Chief Financial Officer
[email protected]
+32 473 33 19 80

Jeremy Feffer, VP IR and Corporate Communications
[email protected]
+1 917 749 1494

Attachment

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LeddarTech Releases Its LeddarSteer Automotive-Grade, Solid-State Digital Beam Steering Technology for LiDAR Sensor Developers

LeddarSteer DBS

LeddarSteer DBS by LeddarTech

QUEBEC, May 10, 2022 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce the official release of LeddarSteer™, a digital beam steering solution designed for LiDAR smart sensor developers and Tier 1-2 automotive suppliers.

Digital beam steering refers to changing the direction of laser pulses in a LiDAR. Using a stack of alternating liquid crystal cells and polarization gratings enables to steer light at different angles at a specific wavelength in order to augment a LiDAR field of view while maximizing its performance, allowing digital beam steering for LiDAR to be achieved.

LeddarSteer digital beam steering offers a myriad of benefits to LiDAR smart sensor developers and Tier 1 and 2 customers, including:

  • Software-controlled on-the-fly adjustment
    • Frame-by-frame adjustment
    • Preset or customized configuration
    • Easy setup and interface
    • Voltage-controlled steering
  • Multiple LiDAR applications
    • Compatible with a wide range of LiDAR architectures
    • Enables one LiDAR to address multiple use cases
    • Field of view adjustable for various actions, including turns, exits, lane changes and slopes
    • Same LiDAR for highway and city driving
    • Reduces the number of sensors, generating cost savings
  • Automotive-grade solid-state technology, resulting in a significantly higher MTBF (mean time between failures)

LeddarSteer can be seamlessly integrated into an existing LiDAR to expand the field of view or integrated into new LiDAR development. The solution provides an enhanced signal-to-noise ratio by concentrating laser power on a small region of interest while reducing the size, cost and complexity of LiDAR components whilst maintaining or increasing the pixel count and resolution.

“For well over a decade, LeddarTech has been a leader in developing sensing solutions that enable our customers to deliver high-performance ADAS and AD sensors,” stated Mr. Charles Boulanger, CEO of LeddarTech. “LeddarSteer is the only digital beam steering smart component designed for mass production with the flexibility, reliability, cost, size and performance required by the most demanding 3D sensing applications and supported by standard automotive manufacturing process,” concluded Mr. Boulanger.

About LeddarTech

Founded in 2007, LeddarTech is a comprehensive end-to-end environmental sensing company that enables customers to solve critical sensing, fusion and perception challenges across the entire value chain. LeddarTech provides cost-effective perception solutions scalable from Level 2 ADAS to Level 5 full autonomy with LeddarVision™, a raw-data sensor fusion and perception platform that generates a comprehensive 3D environmental model from a variety of sensor types and configurations. LeddarTech also supports LiDAR manufacturers and Tier 1-2 automotive suppliers with key technology building blocks such as LeddarSteer™ digital beam steering and the LeddarEngine™, which is built on LeddarTech’s Leddar™ technology employing patented signal acquisition and processing techniques to generate a richer and cleaner return signal at a lower cost. The LeddarEngine comprises a highly integrated, scalable LiDAR SoC and software combination that enables LiDAR developers and Tier 1-2 automotive suppliers to design their own LiDAR solutions. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 120 patents granted or applied for, enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232 [email protected]

Investor relations contact: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator 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/75f154a6-27b8-4546-8614-00d3885feef0

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/95010106-6e76-4996-ac0a-3c68c7c09d3d


Copyright © 2022 GlobeNewswire, Inc.

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LeddarTech lance LeddarSteer, la technologie solid-state d’orientation numérique du faisceau de classe automobile pour les développeurs de capteurs LiDAR

LeddarSteer DBS

LeddarSteer DBS par LeddarTech

QUÉBEC, 10 mai 2022 (GLOBE NEWSWIRE) — LeddarTech®, chef de file de calibre mondial en technologie de détection précise, robuste et polyvalente pour les systèmes avancés d’aide à la conduite (systèmes ADAS) et de conduite autonome (systèmes AD), est heureuse d’annoncer le lancement officiel de LeddarSteer™, une solution d’orientation numérique du faisceau conçue pour les développeurs de capteurs LiDAR intelligents et les fournisseurs automobiles de rang 1-2.

La technologie d’orientation numérique du faisceau fait référence au changement de direction des impulsions laser dans un LiDAR. L’utilisation d’une superposition de cellules à cristaux liquides alternées et de réseaux de polarisation permet de diriger la lumière à différents angles et à une longueur d’onde spécifique afin d’augmenter le champ de vision d’un LiDAR tout en maximisant sa performance, assurant ainsi l’orientation numérique du faisceau LiDAR.

La solution d’orientation numérique du faisceau LeddarSteer offre un très grand nombre d’avantages aux développeurs de capteurs LiDAR intelligents et aux fournisseurs de rang 1-2, dont :

  • Ajustements instantanés commandés par logiciel
    • Ajustement image par image
    • Configuration prédéfinie ou personnalisée
    • Mise en œuvre aisée et interface conviviale
    • Commande par variation de tension
  • Multiples applications LiDAR
    • Compatible avec une grande variété d’architectures LiDAR
    • Permet de couvrir de multiples cas d’utilisation
    • Champ de vision réglable pour diverses actions, y compris les tournants, les sorties, les changements de voie et les déclivités
    • Même LiDAR pour la conduite sur autoroute ou urbaine
    • Réduit le nombre de capteurs, donc les coûts
  • Technologie solid-state de qualité automobile, pour une fiabilité nettement accrue

Le LeddarSteer peut parfaitement être intégré dans une architecture LiDAR existante afin d’élargir le champ de vision, ou être intégré dans un nouveau système. La solution améliore le rapport signal sur bruit en concentrant la puissance laser sur une région d’intérêt précise, tout en réduisant la taille, le coût et la complexité des composants LiDAR et en conservant une haute résolution.

« Depuis plus d’une décennie, LeddarTech est à l’avant-scène dans le développement de solutions de détection qui permettent à nos clients de fournir des capteurs ADAS et AD à haute performance », a déclaré M. Charles Boulanger, chef de la direction de LeddarTech. « LeddarSteer est le seul composant intelligent d’orientation numérique du faisceau conçu pour la production de masse conforme aux exigences d’agilité, de fiabilité, de coût, de taille et de performance requises par les applications de détection 3D les plus strictes et compatible avec les processus standard de fabrication automobiles », a conclu M. Boulanger.

À propos de LeddarTech

Fondée en 2007, LeddarTech propose des solutions de détection environnementale exhaustives et intégrées qui permettent à ses clients de résoudre des problèmes critiques en matière de détection, de fusion de données et de perception tout au long de la chaîne de valeur. LeddarTech offre des solutions de perception optimisées et évolutives appuyant les niveaux d’autonomie 2 (aide à la conduite) jusqu’à 5 (autonomie complète) avec LeddarVision™, une plateforme de fusion de données brutes de capteurs et de perception qui génère un modèle environnemental 3D détaillé à partir d’une variété de configurations et de types de capteurs. LeddarTech soutient également les fabricants de LiDARs et les fournisseurs automobiles de rang 1 et 2 en proposant des blocs technologiques clés comme l’orientation numérique du faisceau LeddarSteer™ ou le LeddarEngine™, bâti sur la technologie Leddar™ de LeddarTech et qui recourt à des techniques d’acquisition et de traitement de signal brevetées pour générer un signal de retour plus riche et plus net à moindre coût. Le LeddarEngine est une combinaison SoC et logicielle LiDAR évolutive hautement intégrée qui permet aux développeurs de LiDARs et aux fournisseurs automobiles de rang 1-2 de concevoir leurs propres solutions LiDAR. Détentrice de plus de 120 brevets accordés ou en instance, la société a contribué à plusieurs innovations liées à des applications de télédétection de pointe destinées au marché automobile et de la mobilité et qui améliorent les capacités des systèmes d’aide à la conduite et de conduite autonome.

Renseignements complémentaires disponibles sur www.leddartech.com et sur LinkedIn, Twitter, Facebook et YouTube.

Contact :
Daniel Aitken, vice-président, Marketing, communications et relations avec les investisseurs mondiaux, LeddarTech Inc.
Tél. : + 1-418-653-9000 poste 232 [email protected]

Contact relations investisseurs : InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator et les logos associés sont des marques de commerce ou des marques déposées de LeddarTech Inc. et de ses filiales. Tous les autres noms de marques, noms de produits et marques sont ou peuvent être des marques de commerce ou des marques déposées utilisées pour désigner les produits ou les services de leurs propriétaires respectifs.

Une photo accompagnant ce communiqué de presse est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/75f154a6-27b8-4546-8614-00d3885feef0/fr

Une vidéo accompagnant ce communiqué est disponible à : https://www.globenewswire.com/NewsRoom/AttachmentNg/95010106-6e76-4996-ac0a-3c68c7c09d3d/fr

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LeddarTech lança tecnologia de direção de feixe digital de estado sólido de grau automotivo LeddarSteer para desenvolvedores de sensores LiDAR

QUEBEC, May 10, 2022 (GLOBE NEWSWIRE) — A LeddarTech®, líder global no fornecimento da tecnologia de detecção ADAS e AD mais flexível, robusta e precisa, tem o prazer de anunciar o lançamento do LeddarSteer™, uma solução de direção de feixe digital criada para os desenvolvedores de sensores inteligentes LiDAR e fornecedores automotivos Nível 1-2.

A direção do feixe digital refere-se à mudança da direção dos pulsos do laser em um LiDAR. O uso de uma pilha de células de cristal líquido alternadas e grades de polarização permite direcionar a luz em diferentes ângulos em um comprimento de onda específico, a fim de aumentar um campo de visão LiDAR, maximizando seu desempenho, permitindo o alcance da direção de feixe digital para LiDAR.

A direção de feixe digital LeddarSteer oferece uma infinidade de benefícios para os desenvolvedores de sensores inteligentes LiDAR e clientes de Nível 1 e 2, incluindo:

  • Ajuste instantâneo controlado por software
    • Ajuste quadro a quadro
    • Configuração predefinida ou personalizada
    • Fácil configuração e interface
    • Direção controlada por tensão
  • Várias aplicações LiDAR
    • Compatibilidade com uma ampla gama de arquiteturas LiDAR
    • Vários casos de uso abordados pelo LiDAR
    • Campo de visão ajustável para várias ações, incluindo curvas, saídas, mudanças de faixa e declives
    • Mesmo LiDAR para condução em rodovias e cidades
    • Redução do número de sensores, permitindo economia de custos
  • Tecnologia de estado sólido de grau automotivo, resultando em um MTBF significativamente maior (tempo médio entre falhas)

O LeddarSteer pode ser perfeitamente integrado a um LiDAR existente para expandir o campo de visão, ou integrado ao novo desenvolvimento do LiDAR. A solução fornece uma relação sinal-ruído aprimorada, concentrando a potência do laser em uma pequena região de interesse, reduzindo o tamanho, o custo e a complexidade dos componentes LiDAR, mantendo ou aumentando a contagem e resolução de pixels.

“Há mais de 10 anos a LeddarTech tem sido líder no desenvolvimento de soluções de detecção que permitem que nossos clientes entreguem sensores ADAS e AD de alta performance”, disse Charles Boulanger, CEO da LeddarTech. “O LeddarSteer é o único componente inteligente de direção de feixe digital projetado para produção em massa com a flexibilidade, confiabilidade, custo, tamanho e desempenho exigidos pelas aplicações de detecção 3D mais exigentes, e suportado pelo processo de fabricação automotiva padrão”, concluiu o Sr. Boulanger.

Sobre a LeddarTech

Fundada em 2007, a LeddarTech é uma empresa abrangente de sensoriamento ambiental completo, que viabiliza que os clientes resolvam desafios essenciais de sensoriamento, fusão e percepção em toda a cadeia de valor. A LeddarTech fornece soluções de percepção escaláveis econômicas de Nível 2 ADAS ao Nível 5 de plena autonomia com LeddarVision™, uma plataforma de fusão e percepção de sensores de dados brutos que gera um modelo ambiental 3D abrangente a partir de uma variedade de tipos e configurações de sensores. A LeddarTech também dá suporte aos fabricantes LiDAR e aos fornecedores automotivos de Nível 1-2 com os principais blocos de construção de tecnologia, como a direção de feixe digital LeddarSteer™ e LeddarEngine™, que é construído com base na tecnologia Leddar™ da LeddarTech, empregando técnicas patenteadas de aquisição e processamento de sinal para gerar um sinal de retorno mais rico e limpo a um custo menor. O LeddarEngine compreende um LiDAR SoC altamente integrado e escalável e uma combinação de software que permite que os desenvolvedores LiDAR e os fornecedores automotivos de Nível 1-2 projetem suas próprias soluções LiDAR. A empresa é responsável por muitas inovações de aplicações com sensor remoto automotivos e de mobilidade avançadas, com mais de 120 patentes concedidas ou em andamento, aprimoramento de ADAS e capacidade de direção autônoma.

Para mais informação sobre a LeddarTech, visite www.leddartech.com, LinkedIn, Twitter, Facebook e YouTube.

Contato:
Daniel Aitken, Vice-Presidente, Marketing Global, Comunicações e Relacionamento com o Investidor, LeddarTech Inc.
Tel.: + 1-418-653-9000 ramal 232 [email protected]

Contato de Relações com Investidores: InvestorRelation[email protected]
https://investors.leddartech.com/

Os logotipos Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator e afins são marcas comerciais ou marcas comerciais registradas da LeddarTech Inc. e suas subsidiárias. Todas as outras marcas e nomes de produtos são ou podem ser marcas comerciais ou marcas comerciais registradas usadas para identificar produtos ou serviços de seus respectivos proprietários.

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