Leddar Technology Receives 2015 IoT Evolution Connected Home and Building Award - Leddartech

QUEBEC CITY, CANADA, December 15, 2015 – LeddarTech is pleased to announce that its patented Leddar® sensing technology has received a 2015 IoT Evolution Connected Home and Building Award from IoT Evolution magazine, the leading publication covering IoT (Internet of Things) technologies.

The award recognizes organizations delivering software or hardware solutions which enable the advancement of the smart home and building industry.

We are honored to be recognized as a technological leader in connected homes and buildings applications, a market where Leddar brings some tangible benefits thanks to its versatility and its superior cost/performance ratio,” mentioned Charles Boulanger, CEO at LeddarTech. “This award confirms the innovative character of our sensing technology and its added value for IoT applications, for which we foresee a big demand in the future.” added Mr. Boulanger.

Many connected home and building applications are taking advantage of Leddar sensing technology, including smart lighting and HVAC controls, smart appliances, domestic and commercial robotics, sanitary touchless controls, and security and perimeter monitoring. According to BI Intelligence estimates, connected home device shipments will grow at a compound annual rate of 67% over the next five years, to hit 1.8 billion units shipped and representing a $490 billion market by 2019.

Leddar is an advanced optical sensing technology used to build and optimize various types of optical sensing devices. It works by emitting pulses of light, reading the return echo of these pulses, and digitally converting and processing the signal to assess the presence and precise position of objects in its field of view. The highly versatile, cost-effective Leddar is being deployed in several other major markets such as automotive, drones, precision agriculture, traffic management and industrial safety, to name a few.

The solutions selected for the IoT Evolution Connected Home and Building Award reflect innovation driving the machine to machine market today. It is my honor to congratulate LeddarTech for their innovative work and contribution to the rapidly evolving IoT industry,” said Carl Ford, CEO of Crossfire Media, a co-publisher of IoT Evolution Magazine.

LeddarTech will be attending the CES 2016 (Consumer Electronics Show), one of the world’s biggest tradeshow for business consumer technologies, to be held in Las Vegas from January 6-9, 2016.

About LeddarTech (www.leddartech.com)

Founded in 2007 as a successful spin-off of Canada’s leading optics and photonics research institute, LeddarTech® is the world’s only supplier of advanced detection and ranging systems based on patented, leading-edge sensing technology that performs time-of-flight measurement using pulses from infrared light processed through innovative algorithms, detecting a wide range of objects in various environmental conditions. Leddar™ technology is highly adaptable, serves multiple markets and comes in different formats, providing brand owners and OEMs with a solution that meets their needs while ensuring quick and simple integration.

About Crossfire Media

Crossfire Media is an integrated marketing company with a core focus on future trends in technology. We service communities of interest with conferences, tradeshows, webinars and newsletters. Crossfire Media has a partnership with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full service Information Technology company based in New York.