LeddarTech Acquires Phantom Intelligence Assets
QUEBEC, September 22, 2020 — LeddarTech®, a leader in level 1-5 ADAS and AD sensing technology, is pleased to announce the acquisition of the assets of Phantom Intelligence, including all of its intellectual property and technology.
Founded in 2011, Phantom Intelligence is recognized for its 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 advanced driver assistance systems (ADAS).
The Phantom Intelligence transaction on September 14, 2020 represents the second acquisition by LeddarTech in the last three months. In July of 2020, LeddarTech acquired VayaVision, an Israel-based 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,” stated Mr. Frantz Saintellemy, President and COO of LeddarTech. “At LeddarTech we have, despite the COVID 19 pandemic, accelerated our drive towards serving multiple transportation and vehicle markets with end-to-end sensing solutions that provide our ADAS and AD customers a faster path to market at lower costs,” continued Mr. Saintellemy. “The acquisitions of VayaVision and Phantom Intelligence, combined with our decade-long expertise in groundbreaking L1-5 ADAS and AD sensing technologies, demonstrate our commitment to continuous innovation and service to our Tier 1-2, OEM, and autonomous mobility customers,” concluded Mr. Saintellemy.