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Fortrea Convenes New Site Advisory Board

DURHAM, N.C., Dec. 13, 2023 (GLOBE NEWSWIRE) — Fortrea (Nasdaq: FTRE) (the "Company"), a leading global contract research organization (CRO), today announced it convened last week the inaugural meeting of its Site Advisory Board, a collaboration between clinical research investigator sites ("sites") and industry leaders to create a better clinical trial experience for sites, patients and clinical study sponsors ("sponsors") by targeting changes in technology, operational planning and delivery, commercial terms and community engagement.

Fortrea places sites and investigators at the forefront of clinical trial planning, leveraging their perspectives to drive changes that will improve the speed of trial execution, ease study start up and increase recruitment efficiency. These changes address long–standing challenges within clinical trials and will result in a better site, patient and sponsor trial experience. The Site Advisory Board will be responsible for providing insight and feedback on strategies and solutions proposed regarding sites, patients, trial operations and relevant technology.

"Sites and investigators are critical to the industry at every stage of clinical development, and they traditionally have faced hard–to–solve challenges in clinical trials alone. We welcome their insights in protocol design and actively engage them in early conversations with our operational teams and sponsors to quickly establish the most efficient, patient–focused trial plans," said Mike Clay, vice president, Development Strategy and Growth, at Fortrea. "The formation of the Site Advisory Board marks an acceleration of our site–focused strategy and includes representation from incredibly impressive leaders, creating a think tank for our industry. The Board will also serve as a cornerstone of our ability to respond to sponsors with insights that improve the predictability of their trials, working together to develop efficient operational plans and provide sponsors with a high degree of confidence in speed of patient recruitment and overall trial delivery."

Inaugural members of Fortrea's Site Advisory Board include leaders and experts from Circuit Clinical, Elligo Health Research, FutureMeds, Javara, MD Anderson Cancer Center Foundation Spain, ObjectiveHealth, Pratia S.A. and Velocity Clinical Research, representing 440 sites across more than 25 therapeutic areas and nine countries and providing access to diverse patient communities.

What Fortrea's Site Advisory Board members are saying"

"We firmly believe that this collaborative approach, bringing together both CRO and sites, will enable all stakeholders to align more effectively on perspectives within the clinical trial market," said ukasz Bczkowski, chief operating officer at Pratia. "This, undoubtedly, empowers us to act together in a more efficient manner. Initiatives like these play a crucial role in propelling us all towards positive and expedited changes."

"Fortrea is taking a 'listen first' approach by giving sites an equal voice towards the most effective working practices for dynamic patient communities and site stakeholders, leading to the best service to clinical trial sponsors," said Nick Spittal, chief operations officer at Velocity Clinical Research.

"Fortrea is leading the industry in making partnerships more productive and efficient, from trial process to business relationships, all in the effort to accelerate new products to market," said Barry Simms, chief operating officer at Elligo Health Research.

"Providing the appropriate patient access solution is vital in determining the ultimate success of a clinical trial. Historically, care providers have not been involved in the early development of research planning and strategy," said Colleen Hoke, chief executive officer at ObjectiveHealth. "We are very supportive of Fortrea employing an innovative new approach to engage with healthcare site partnership providers, who are key to delivering successful research results, early in the planning process."

"FutureMeds is delighted to join the Fortrea Site Advisory Board to build better understanding between key stakeholders in the clinical research industry," said Radek Janiak, chief executive officer at FutureMeds. "Hearing the voice of patients, investigators and sites will put Fortrea in a pole position for bringing new therapies to the market."

"Working across the vast clinical trial ecosystem is complex and requires highly functional partnerships centered on trust and competence," said Michelle Rule, senior vice president of enterprise optimization at Javara. "Fortrea's genuine commitment to building a forum and working relationships through the Site Advisory Board exhibits dedication to progress for all stakeholders in research and, most of all, the patients."

About Fortrea

Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development and patient access solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients in need. Fortrea provides phase I–IV clinical trial management, clinical pharmacology, differentiated technology–enabled trial solutions and post–approval services. Fortrea's solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team of about 19,000 people working in more than 90 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter) @Fortrea.

Fortrea Contacts:
Fortrea Media: Galen Wilson "" 703–298–0802, media@fortrea.com
Fortrea Media: Kate Dillon "" 646–818–9115, kdillon@prosek.com


GLOBENEWSWIRE (Distribution ID 8994021)

COP28: Deal to ‘Transition Away’ From Fossil Fuels Agreed

It was an extraordinary COP Summit in a year characterized by record-breaking temperatures combined with El Niño, producing a climatic carnage in Africa—deaths from fatal floods in the Democratic Republic of the Congo, Kenya, and Libya, where floods wiped out a quarter of a city. Deadly cyclones in Malawi, Madagascar, Mauritius, Mozambique, and Zimbabwe; a […]

Global alternative assets remain resilient in 2023 amid economic uncertainty — Preqin Global Reports 2024

LONDON, Dec. 13, 2023 (GLOBE NEWSWIRE) — Today Preqin, the global leader in alternative assets data, tools, and insights, published its Alternatives in 2024 report, part of the Preqin Global Reports 2024. The report provides analysis on trends on key factors and trends driving the alternative assets industry.

While 2023 is a year so far characterized by market headwinds and a challenging fundraising environment for investors and fund managers alike, Preqin analysts remain optimistic about the outlook for global alternative assets. For instance, private debt fundraising fared relatively well in comparison to other private capital asset classes, while secondaries deal flow should start to pick up going into 2024 as the market comes back into balance.

Cameron Joyce, Head of Private Equity, Research Insights at Preqin, says, "Amid the formidable headwinds marked by swiftly tightening monetary policy and economic uncertainty, alternative assets have remained comparatively resilient. The industry continues to evolve rapidly, and promising opportunities are presenting themselves in areas such as private debt and secondaries. We continue to forecast solid growth for the industry despite softening expectations around fundraising and performance."

Key highlights from each asset class:

Private equity faces a stern test:

The private equity market has been hampered by rising interest rates "" which have weighed on deal activity "" and a constrained exit environment. Dealmakers are hoping for an increase in activity during 2024 and long–term investor appetite remains strong.

Venture capital investor sentiment on performance improves:

Venture capital returns have been challenged by factors such as the poor exit environment, elevated asset valuations, and climbing interest rates. Noting this, our latest investor survey shows that investors' outlook is shifting, and they are comparatively more positive on the performance of the asset class over the next 12 months.

Private debt fundraising holds up:

Private debt's floating–rate structure and seniority in the capital stack are especially attractive for investors seeking more defensive assets in challenging conditions, with strategies such as mezzanine debt growing in popularity.

Hedge funds' AUM rises despite net outflows:

Hedge funds' AUM growth has been driven primarily by asset returns and not inflows and outflows. In fact, hedge fund returns during months of market volatility proved that they can be effective in providing investors with downside protection. Niche strategies such as cryptocurrencies and insurance–linked securities (ILS) gained prominence due to their low public market correlation.

Real estate under pressure:

Rising interest rates have weighed on investment sentiment, resulting in weaker fundraising and deal activity. As investors flock toward larger funds in search of a sense of security, fundraising has been even more challenging for first–time and smaller funds.

Infrastructure may be turning a corner:

Fundraising fell sharply in 2023, a significant reversal after fund managers amassed record sums in 2022. But third–quarter deal activity proved robust and tailwinds from energy transition will continue to underpin the long–term growth of unlisted infrastructure.

For more information, contact Mimi Celeste Taylor at mimiceleste.taylor@preqin.com.

Notes to the editors

Alternatives in 2024 is a freely available version to accompany the Preqin Global Reports 2024. This complimentary report explores the impact of macroeconomic headwinds and market volatility on alternative assets this year and beyond.

If you are a full–time member of the press and would like to receive a full copy of any of the following reports, please get in touch: Private equity, venture capital, private debt, hedge funds, real estate and infrastructure. For non–press, the 2024 Preqin Global Reports are available for Preqin Insights+ subscribers.

About Preqin

Preqin, the Home of Alternatives, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.


GLOBENEWSWIRE (Distribution ID 1000903920)

Release by Scatec partners with IFC for clean and affordable power to Africa

13 December 2023: Release by Scatec (Release), has signed a USD 100 million loan agreement with the World Bank's International Finance Corporation (IFC). The loan agreement is part of a larger partnership to provide a simpler, more affordable, and cleaner offering of power to African utilities, which also includes a USD 65 million guarantee facility to support the payment obligations of Release's customers. The objective is to replace costly diesel and expand electrification in the region.

Release operates on a unique leasing model, providing flexible short– or long–term contracts for the mining and utilities market, primarily in Africa, based on modular, movable and redeployable equipment.

IFC is the largest global development institution renowned for its instrumental role in supporting private sector development, and the loan from IFC will provide funding on a portfolio level for Release's further development and installation of assets to be leased to African utilities.

The purpose of the guarantee facility is to guarantee payments to Release from the counterparties leasing the solar and battery equipment. The structure provides risk mitigation for Release while allowing African utilities and governments to secure affordable renewable energy from solar and batteries, without the financial commitment required for the conventional infrastructure projects. The partnership with IFC will thereby represent a significant catalyst for further growth of the Release platform.

The first project where the combined project loan and guarantee structure will be applied is for a 35 MW solar and 20 MWh battery project in N'djamena in Chad, where a lease contract has already been signed. Release's existing and operating projects in Northern Cameroon of 36 MW of solar PV and 20 MWh of batteries will also form part of the portfolio financing and discussions on extending the capacity of these projects are currently ongoing with the utility.

"This highly innovative solution enables countries to deploy solar power projects quickly, allowing African countries to swiftly ramp up to meet rising energy demand with clean power solutions," said Sarvesh Suri, IFC's Regional Industry Director for Infrastructure and Natural Resources, Africa. "Our ambition is to deploy this replicable solution, in partnership with Release in multiple countries across sub–Saharan Africa within a short timeframe, allowing more people to benefit from the economic growth that comes with reliable, affordable access to electricity."

"I am delighted that, through this partnership between Scatec and IFC, Chad has been chosen as the first country to benefit from a solar power plant to support the government's efforts to meet the energy access needs of our populations," said Alixe Nambaye, Minister of Hydrocarbons and Energy of Chad. "In addition, the liquidity guarantee facility granted by the World Bank to Socit Nationale d'Electricit underlines the strong commitment of the World Bank Group to facilitating partnerships with private investors."

"We are excited to secure the partnership with IFC for our innovative solar leasing solution Release. IFC's support is testimony to the solid business model of Release, the general demand and need for such an innovative solution in the market and our proven track record in developing renewable energy solutions," says Scatec CEO, Terje Pilskog, who is also Chair of Release.

"The innovative approach of Release follows a dynamic rolling delivery model of build, connect, and deliver. Looking ahead, Release is actively exploring additional opportunities in Cameroon, Liberia, and the rest of West– and Central–Africa, reinforcing its commitment to advancing renewable energy solutions across the African continent and other select markets," says Release CEO Hans Olav Kvalvaag.

This significant step comes after Release recently raised USD 102 million in funding from Climate Investor One, a fund managed by Climate Fund Managers, a leading climate–centric blended finance fund manager backed by FMO, the Dutch Development Bank, and Sanlam Infraworks, part of the Sanlam Group of South Africa.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP Investor Relations, tel: +47 974 38 686, andreas.austrell@scatec.com
For media: Meera Bhatia, SVP Communications & Government Affairs, tel: +47 468 449 59, meera.bhatia@scatec.com

For images, please see Release image gallery

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy emerging markets. As a long–term player, we develop, build, own, and operate renewable energy plants, with 4.3 GW in operation and under construction across four continents today. We are committed to grow our renewable energy capacity, delivered by our passionate employees and partners who are driven by a common vision of "Improving our Future'. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol "SCATC'. To learn more, visit www.scatec.com or connect with us on LinkedIn.

About Release
Release is a modular and movable solar PV and Battery Energy Storage offering "energy–as–a–service". The equipment is pre–financed and deployed under a simple and flexible leasing contract. The mobility of the equipment enables Release to assess its useful lifespan, enabling the company to provide cost–effective short–term contracts. Release is gaining momentum in the market and has projects in operation and under construction in Cameroon, South Africa, Mexico, and South Sudan, boasting a combined capacity of 47 MW of solar PV and 20 MWh of battery storage.

Release is owned 68% by Scatec and 32% by Climate Investor One, managed by CFM.

This information is subject to the disclosure requirements pursuant to Section 5–12 the Norwegian Securities Trading Act


GLOBENEWSWIRE (Distribution ID 1000904048)

Africa’s Great Blue Wall

A female orca splitting a herring bait ball while diving through it to get one. (Underwater Sea Scapes WINNER for 2023 Photo Competition The annual Photo Competition for UN World Oceans Day)

By Jean-Paul Adam
VICTORIA, Seychelles, Dec 13 2023 – As an Islander from the Seychelles, Africa’s smallest country, I find that the ocean is intricately woven into my heritage. It not only defines my roots but also shapes the trajectory of my journey. When I think of the future, I can’t help but also look at the boundless possibilities reflected in the vast expanse of the ocean.

I am therefore encouraged that the growing trend of African leaders turning their attention to the ocean as a catalyst for achieving “climate positive growth”. This is the premise of the Nairobi Climate Action Summit, where African leaders emphasized that ‘Africa possesses both the potential and the ambition to be a vital component of the global solution to climate change’.

African leaders are emphasizing that ‘climate positive growth’ will be built by Africans, for Africans. Of course, support is needed – no one can achieve the scale of change needed without massive upscaling of investment.

Jean-Paul Adam

The Great Blue Wall is an initiative which aims to catalyze the promise of ‘climate positive growth’ into action. Under the Comoros Presidency, the African Union seeks, now more than ever, a ‘blue future’.

Spearheaded by African countries in the Western Indian Ocean, as outlined in the Moroni Declaration adopted in June 2023, the Great Blue Wall initiative aims to shield African countries from impacts of climate change and natural disasters uplifting and delivering economic empowerment to local coastal and island communities.

The existing industrialized fishing practices of distant nations is completely detached from the eco-system which supports the biomass and hence poses a threat. The Indian Ocean Tuna Commission has underlined overfishing of tuna species, especially the big-eye tuna and yellow-fin tuna.

At the same time, the warming ocean, increasing acidification of the water and consequent bleaching of coral reefs affects the availability of the prey species such as mackerel for the much-prized tunas.

Coastal African nations find themselves at risk, often reaping limited benefits from their marine resources, similar to challenges faced with mineral exports from the mainland. FAO and other UN agencies are working with African countries to allow them to reap more benefit from their marine resources.

The Great Blue Wall aims to conserve marine resources through Marine Protected Areas as well as empower local communities by boosting the sustainable fisheries value chain and establishing of additional economic opportunities through eco-tourism and related economic activities.

The 2022 Kunming-Montreal Framework on Biological Diversity delivered a global pledge to place 30% of the world’s oceans under protection-further reinforced by the 2023 adoption of an agreement on protecting marine biodiversity beyond areas of national jurisdiction.

A regenerative model also implies actively investing in the ocean for climate resilience. In this instance, mangroves in particular are nature’s best line of defense. Mangroves provide some of the most effective protections against coastal erosion, while they are also critical spawning grounds for numerous commercial fish species and crustaceans.

Marine-based eco-tourism is also one of the most valuable forms of economic activity to provide opportunities for local populations. These are some of the elements that underpin the transformation from ‘extraction’ to ‘regeneration’.

How does this fit into Africa’s drive for sustainable industrialization?

The Great Blue Wall not only offers a model for a ‘regenerative blue economy’ but also addresses broader challenges associated with Africa’s maritime space.

As Africa’s trade heavily relies on sea transport, ensuring climate-resistant port infrastructure becomes pivotal, most pressing is the development of Africa’s maritime corridors for trade to build on the promise of the African Continental Free Trade Area (AfCFTA).

Reliable and affordable energy is a key enabler of sustainable value chains. Opportunities exist for offshore wind energy, for example, as being explored by Morocco. Meanwhile, floating solar is being tested in Seychelles, while using the ocean temperature differential for cooling purposes is being piloted in Mauritius.

Financing the vision

As the Great Blue Wall envisions climate resilience built on community-focused economic empowerment, financing is key. The gap in climate finance is glaring- all the while conflicts divert resources away from climate and development priorities. The climate finance gap highlighted by the High Level Expert Panel on Climate Finance co-chaired by Nick Stern and Vera Songwe showed that $2.4 trillion was required by 2030.

Large-scale climate finance availability would allow the Great Blue Wall initiative to mobilize quickly and at scale. Additionally, the Great Blue Wall also aims to generate income streams that support communities, reducing dependency and helps to boost domestic resource mobilization.

Among these opportunities including tapping into the potential of ‘blue carbon’ or issuing carbon credits based on the sequestration potential of oceanic resources. Successful small scale projects such as Mikoko Pamoja in Kenya have delivered high quality results for local communities through mangrove rehabilitation.

Recognizing increased debt burdens of African countries, the opportunity to use debt swap instruments to replace existing expensive debt with more affordable longer-term lending could potentially liberate fiscal space to be redeployed to finance some of the priorities of the Great Blue Wall. The Seychelles debt for climate swap of 2015 for example delivered new and predictable flows of finance for marine conservation.

Looking ahead: COP28 and beyond

The Great Blue Wall has high-level political backing and is a priority for the African Union and its partners. Efforts are underway to expand its adoption to other African countries, connecting the ambitions of the countries along the Indian Ocean to those along the Atlantic.

At COP28, the focus was on mobilizing seed financing for this ambitious project which not only provides climate adaptation, but also seeks to fundamentally transform the economic model for management of marine resources.

The Great Blue Wall captures the essence of the ‘climate positive growth’ we hope to see.

Jean-Paul Adam is the Director, Policy, Monitoring and Advocacy at the Office of the Special Adviser on Africa, UN Secretariat in New York

Source: Africa Renewal

IPS UN Bureau

 


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Rich Nations, IMF Deepen World Stagnation

By Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, Dec 13 2023 – With the US Fed raising interest rates, the world economy is slowing as debt distress spreads across the global South, increasing poverty worldwide to pre-pandemic levels, with the poorest countries faring worst.

Extreme poverty continues to be high and is now worse than before the pandemic in low-income countries (LICs) and among those affected by fragility, violence and conflict. The promise of eradicating poverty worldwide by 2030 has become unachievable.

Jomo Kwame Sundaram

The Bretton Woods institutions’ (BWIs) annual meetings in Marrakech in October were only the second-ever in Africa. But the rich nations-dominated BWIs failed yet again to rise to the challenges of our times, setting Africa and the global South even further back.

Instead of fostering cooperation to address the causes and effects of the contemporary catastrophe, neither the International Monetary Fund nor the World Bank governors could agree on joint communiques due to the greater politicisation of multilateral fora.

Indebtedness immobilises governments
Indebtedness and restrictive creditor rules prevent governments from spending more counter-cyclically to overcome the many contractionary tendencies of recent times, besides preventing them from addressing looming social and environmental crises.

The G20’s largest twenty economies have urged strengthening “multilateral coordination by official bilateral and private creditors … to address the deteriorating debt situation and facilitate coordinated debt treatment for debt-distressed countries”.

But its Common Framework to restructure debt has been roundly criticised by civil society, think tanks and even the World Bank on many grounds, including the paltry concessional credit relief offered to a few of the very poorest countries.

In contrast, the G24 caucus of developing countries at the BWIs has emphasised the need for “durable debt resolution measures while collaborating on resolving the structural issues leading to such vulnerabilities.”

But all those advocating purported solutions are not even trying to ensure fiscal space and public spending capacity for counter-cyclical efforts, let alone achieve the Sustainable Development Goals and national development objectives.

Surcharges
The IMF currently imposes additional charges on countries that do not quickly clear their debts to the Fund. Besides the usual fees and interest, borrowing countries paid over $4 billion in such surcharges in 2020-22, during the COVID-19 pandemic.

Surcharges will cost debt-distressed countries about $7.9 billion over six years. The G24 has emphasised that surcharges are pro-cyclical and regressive, especially with monetary tightening.

Governments have undertaken contractionary policies and cut imports for lack of foreign exchange. This deepens the problems of heavily indebted poor countries who cannot but count on the Fund for relief and solutions.

At Marrakech, the governing International Monetary and Financial Committee decided to “consider a review of surcharge policies”. The G24 called for “a suspension of surcharges while the review – which we hope will lead to substantial permanent reduction or complete elimination – is being conducted.”

Rich nations have been divided over surcharges. With Ukraine now among the top surcharge payers, following civil society criticisms, the Biden administration’s refusal to review surcharges in 2022 was heavily criticised by the US Congress.

Deepening austerity
IMF fiscal austerity measures of the 1980s returned with a vengeance after the 2008 global financial crisis, and then again during the Covid-19 pandemic from 2020. Most Fund loans require cutting the public sector wage bill (PSWB), the budget line to pay employees.

Most wage earners in many LICs, including nurses, teachers and other social service workers, work for the state, directly or indirectly. Although much needed, these employees have been more likely to be targeted by such budget cuts.

PSWB cuts may involve hiring or wage freezes, or limiting, or even cutting wages. These inevitably undermine government capacities and services. Fiscal consolidation has also involved raising more indirect, consumption taxes, and tax exemptions, e.g., for essential goods such as food.

In 38 countries with over a billion people, loan conditionalities during 2020-22, the three years of the Covid-19 pandemic, meant regressive tax reforms and public spending cuts. PSWB and fuel or electricity subsidy cuts are also common demands worsening economic contractions.

Austerity bound to fail
But the IMF’s own research suggests such austerity policies are generally ineffective in reducing debt, their ostensible purpose. The April 2023 IMF World Economic Outlook acknowledged austerity programmes and fiscal consolidations “do not reduce debt ratios, on average”. Yet, its Fiscal Monitor still demands “fiscal tightening” of most developing countries.

The new IMF-World Bank debt sustainability framework sets the LICs’ external debt-to-GDP ratio limit at 30% or 40%. It insists debt-distressed economies must have lower ratios than ‘strong’ countries, effectively further penalising the weak and vulnerable.

Instead of enabling consistently counter-cyclical macroeconomic frameworks, the IMF’s current short-termist approach is mainly preoccupied with annual, or worse, quarterly balances, mimicking corporate reporting practices.

Such short-termism further limits fiscal space, effectively preventing or deterring public sector investments requiring longer-term macroeconomic frameworks to realise benefits. This discourages ‘patient’ medium- to long-term investments required for national economic planning and transformation, essential for sustainable development.

Restrictive debt and fiscal targets have meant even less public investment. This is typically required of borrowing countries as a credit conditionality. Annual IMF Article IV consultations cause other countries to also accept similar constraints to avoid Fund disapproval.

While a few better-off economies enjoy full employment, most countries face further economic contraction, not least due to interest rate hikes led by the US Fed and their many effects. Instead of being part of the problem, the IMF should be part of the solution.

IPS UN Bureau

 


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Le futur en action : LeddarTech dévoile ses produits et sa technologie ADAS LeddarVision au CES Las Vegas 2024

QUÉBEC, Canada, 13 déc. 2023 (GLOBE NEWSWIRE) — LeddarTech (NASDAQ : LDTC), une socit de logiciels automobiles qui fournit des technologies logicielles de fusion bas niveau de capteurs et de perception reposant sur l'IA, innovatrices et brevetes pour systmes avancs d'aide la conduite (systmes ADAS) et de conduite autonome (systmes AD), est heureuse d'annoncer sa prsence au CES 2024 (stand 11014 LVCC, Hall nord) et d'offrir aux visiteurs un aperu exclusif de la prochaine gnration de technologies logicielles et de produits inspirs pour l'ADAS et l'AD.

PLONGEZ dans l'avenir de l'innovation automobile avec LeddarVision, une plateforme logicielle de fusion bas niveau de capteurs et de perception indpendante des capteurs et des processeurs, performante et polyvalente pour l'automobile qui gnre un modle environnemental 3D dtaill partir de diffrents types (camra, radar et LiDAR) et configurations de capteurs.

PLONGEZ dans l'avenir de l'innovation automobile avec LeddarVision, une plateforme logicielle de fusion bas niveau de capteurs et de perception indpendante des capteurs et des processeurs, performante et polyvalente pour l'automobile qui gnre un modle environnemental 3D dtaill partir de diffrents types (camra, radar et LiDAR) et configurations de capteurs.

Dcouvrez LeddarVision et des produits ADAS de niveau 2 et 3 en action dans diffrentes conditions climatiques et routires sur la console virtuelle interactive de LeddarTech :

  • **NOUVEAU** LeddarVision Surround (LVS–2+), la solution premium de fusion et de perception vue priphrique (surround–view) qui tend efficacement la configuration de capteurs 1VxR de la famille de produits vue frontale LVF une configuration 5V5R.
  • **RCEMMENT PRIM** LeddarVision Front–Entry (LVF–E), la solution de fusion et de perception vue frontale (front–view) pour applications ADAS de niveau 2/2+ d'aide la conduite sur autoroute et de scurit 5 toiles NCAP 2025 et GSR 2022 d'entre de gamme, alimente par le processeur TDA4VM–Q1 de Texas Instruments. Le LVF–E permet d'obtenir les cots les plus bas pour un systme ADAS de niveau 2/2+ d'entre de gamme.

Vivez une DMONSTRATION EN TEMPS REL de la LeddarCar : clients et analystes sont invits rserver une dmonstration sur route de la technologie logicielle de fusion bas niveau et de perception LeddarVision de LeddarTech.

Clients, analystes, investisseurs et mdias sont invits prendre rendez–vous avec notre quipe au CES pour en savoir plus sur LeddarTech.

Venez assister une prsentation passionnante de nos solutions logicielles d'avant–garde LeddarVision pour l'automobile avec la LeddarCar et de nos produits et technologies ADAS de pointe au CES 2024 , a dclar Frantz Saintellemy, prsident, chef de l'exploitation et futur chef de la direction de LeddarTech. Cet vnement est une excellente occasion pour nous de rencontrer nos clients, nos partenaires, les mdias, les investisseurs et les dcideurs de l'industrie, et de montrer comment notre technologie amliore la mobilit et la qualit de vie de tous les usagers de la route. La participation de LeddarTech au CES 2024 souligne notre rle central dans l'avancement de la technologie automobile et renforce notre position de joueur cl dans l'industrie des logiciels pour l'automobile .

propos de LeddarTech

Entreprise mondiale de logiciels fonde en 2007, base Qubec et disposant de centres de R&D supplmentaires Montral, Toronto et Tel Aviv (Isral), LeddarTech dveloppe et propose des solutions logicielles compltes de fusion bas niveau de capteurs et de perception reposant sur l'intelligence artificielle qui permettent le dploiement d'applications ADAS et de conduite autonome (AD). Le logiciel de classe automobile de LeddarTech applique des algorithmes d'intelligence artificielle et de vision numrique avancs afin de gnrer des modles 3D prcis de l'environnement, pour une meilleure prise de dcision et une navigation plus sre. Cette technologie performante, volutive et conomique permet la mise en "uvre efficace de solutions ADAS pour vhicules automobiles et hors route par les quipementiers et les fournisseurs de rang 1 et 2.

Ayant dpos plus de 150 demandes de brevets (dont 80 accordes) qui amliorent les capacits des systmes d'aide la conduite et de conduite autonome, l'entreprise a contribu plusieurs innovations lies des applications de tldtection. Une plus grande conscience situationnelle est essentielle pour rendre la mobilit plus sre, plus efficace, plus durable et plus abordable : c'est ce qui motive LeddarTech vouloir devenir la solution logicielle de fusion de capteurs et de perception la plus largement adopte.

Renseignements complmentaires disponibles sur www.LeddarTech.com et sur LinkedIn, Twitter (X), Facebook et YouTube.

Contact :
Daniel Aitken, vice–prsident, Marketing, communications et relations avec les investisseurs mondiaux, LeddarTech Inc.
Tl. : + 1–418–653–9000 poste 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision et les logos associs sont des marques de commerce ou des marques dposes de LeddarTech Inc. et de ses filiales. Tous les autres noms de marques, noms de produits et marques sont ou peuvent tre des marques de commerce ou des marques dposes utilises pour dsigner les produits ou les services de leurs propritaires respectifs.

Une photo accompagnant ce communiqu est disponible au :

https://www.globenewswire.com/NewsRoom/AttachmentNg/fe9b76b7–c72b–416d–8174–2b4bfe122503/fr


GLOBENEWSWIRE (Distribution ID 8991943)

Catch the Future in Action: LeddarTech Unveils Its Award-Winning LeddarVision ADAS Products and Technology at CES Las Vegas 2024

QUEBEC CITY, Canada, Dec. 13, 2023 (GLOBE NEWSWIRE) — LeddarTech (NASDAQ: LDTC), an automotive software company that provides patented disruptive AI–based low–level sensor fusion and perception software technology for ADAS and AD, is thrilled to announce its presence at CES 2024 (booth 11014 LVCC/North Hall) and to offer visitors an exclusive glimpse into the next generation of software technology and inspired products enabling ADAS and AD applications.

IMMERSE YOURSELF in the future of automotive innovation with LeddarVision, a sensor and processor–agnostic, high–performance and versatile automotive low–level sensor fusion and perception software platform that generates a comprehensive 3D environmental model from various sensor types (camera, radar and LiDAR) and configurations.

Experience LeddarVision and L2/L3 ADAS products in action in various climates and road conditions on the LeddarTech interactive dashboard featuring:

  • **NEW** LeddarVision Surround (LVS–2+) is the surround–view premium fusion and perception stack that efficiently extends the LVF front–view product family 1VxR sensor configuration to a 5V5R configuration.
  • **Award–winning** LeddarVision Front Entry (LVF–E), a front–view fusion and perception stack for entry–level ADAS L2/L2+ highway assist and 5–star NCAP 2025/GSR 2022 featuring Texas Instruments' TDA4VM–Q1 processor. The LVF–E achieves the lowest system cost for L2/L2+ entry–level ADAS.

RIDE ALONG LeddarCar live: Customers and analysts are invited to book a real–world on–road demonstration of LeddarTech's LeddarVision low–level fusion and perception software technology.

Customers, analysts, investors and the media are invited to schedule a meeting with
our team at CES to learn more about LeddarTech.

"Join us as we demonstrate our groundbreaking LeddarVision automotive software solutions in the dynamic LeddarCar and unveil our cutting–edge ADAS products and technology at CES 2024," stated Frantz Saintellemy, President, COO and incoming CEO of LeddarTech. "CES is a great opportunity for us to connect with our customers, partners, media, investors and policymakers and to showcase how our technology improves mobility and quality of life for all road users. LeddarTech's participation at CES 2024 underscores our pivotal role in advancing the future of automotive technology, reinforcing our position as a leading player in automotive software."

About 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, LeddarTech develops and provides comprehensive AI–based low–level sensor fusion and perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech's automotive–grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high–performance, scalable, cost–effective technology is available to OEMs and Tier 1–2 suppliers to efficiently implement automotive and off–road vehicle ADAS solutions.

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

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

Contact:
Daniel Aitken, Vice–President, 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 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/fe9b76b7–c72b–416d–8174–2b4bfe122503


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Acompanhe o Futuro em Ação: LeddarTech Introduz Seus Premiados Produtos e Tecnologia ADAS LeddarVision na CES Las Vegas 2024

QUEBEC CITY, Canadá, Dec. 13, 2023 (GLOBE NEWSWIRE) — A LeddarTech (NASDAQ: LDTC), uma empresa de software automotivo que fornece tecnologia patenteada de software de fuso e percepo de sensores de baixo nvel baseada em IA para ADAS e AD, tem o prazer de confirmar sua presena na CES 2024 (estande 11014 LVCC/North Hall) onde ir introduzir a prxima gerao da sua tecnologia de software e os produtos inspirados nela para aplicaes ADAS e AD.

IMMERSE YOURSELF in the future of automotive innovation com LeddarVision, uma plataforma de software de fuso e percepo de sensores de baixo nvel automotivo de alto desempenho e verstil que gera um modelo ambiental 3D abrangente a partir de vrios tipos de sensores (cmera, radar e LiDAR) e configuraes.

IMMERSE YOURSELF in the future of automotive innovation com LeddarVision, uma plataforma de software de fuso e percepo de sensores de baixo nvel automotivo de alto desempenho e verstil que gera um modelo ambiental 3D abrangente a partir de vrios tipos de sensores (cmera, radar e LiDAR) e configuraes.

Veja o LeddarVision e os produtos L2/L3 ADAS em ao em vrios climas e condies da estrada no painel interativo da LeddarTech:

  • **NOVO** LeddarVision Surround (LVS–2+) uma recm–lanada pilha de fuso e percepo premium de viso surround que amplia a configurao do sensor 1VxR da famlia de produtos de viso frontal LVF para a configurao 5V5R.
  • **Premiado** LeddarVision Front Bsico (LVF–E), uma pilha de fuso e percepo de viso frontal para assistncia rodoviria ADAS L2/L2+ de nvel bsico e NCAP 2025/GSR 2022 de 5 estrelas com o processador TDA4VM–Q1 da Texas Instruments. O LVF–E alcana custos de sistema mais baixos para ADAS de nvel bsico L2/L2+.

PASSEIE no LeddarCar: Clientes e analistas esto convidados a fazer uma reserva para uma demonstrao prtica da tecnologia de software de fuso e percepo de baixo nvel LeddarVision da LeddarTech.

Clientes, analistas, investidores e a mdia esto convidados a agendar uma reunio com
a nossa equipe na CES para saber mais sobre a LeddarTech.

"Veja a demonstrao das nossas inovadoras solues de software automotivo LeddarVision no dinmico LeddarCar e a introduo dos nossos produtos e tecnologia ADAS de ponta na CES 2024", disse Frantz Saintellemy, Presidente, COO e CEO da LeddarTech. "A CES uma grande oportunidade para nos conectarmos com nossos clientes, parceiros, mdia, investidores e legisladores de polticas, e para mostrar como a nossa tecnologia melhora a mobilidade e a qualidade de vida de todos os usurios da estrada. A participao da LeddarTech na CES 2024 ressalta nosso papel fundamental no avano do futuro da tecnologia automotiva, reforando nossa posio de lder em software automotivo."

Sobre a LeddarTech

Uma empresa global de software fundada em 2007 e sediada na cidade de Quebec, com centros adicionais de P&D em Montreal, Toronto e Tel Aviv, Israel, a LeddarTech desenvolve e fornece solues abrangentes de software de percepo e fuso de baixo nvel com base em IA que permitem a implantao de aplicaes ADAS e de conduo autnoma (AD). O software de nvel automotivo da LeddarTech aplica algoritmos avanados de IA e viso computacional para gerar modelos 3D precisos do ambiente para tomadas de decises melhores e navegao mais segura. Esta tecnologia de alto desempenho, escalonvel e econmica disponvel para OEMs e fornecedores de Nvel 1–2 para a implementao eficiente de solues ADAS para veculos automotivos e off–road.

A LeddarTech responsvel por vrias inovaes de sensor remoto, com mais de 150 patentes solicitadas (80 concedidas) que aprimoram os recursos de ADAS e AD. A percepo de veculos fundamental para tornar a mobilidade global mais segura, eficiente, sustentvel e acessvel: e por isso que a LeddarTech deseja se tornar a soluo de software de fuso e percepo de sensores mais amplamente adotada.

Para mais informao sobre a LeddarTech, visite www.LeddarTech.com, LinkedIn, Twitter (X), Facebook e YouTube.

Contato:
Daniel Aitken, Vice–Presidente, Marketing Global, Comunicaes e Relacionamento com o Investidor, LeddarTech Inc. Tel.: + 1–418–653–9000 ramal 232 daniel.aitken@LeddarTech.com

Os logotipos Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision e afins so marcas comerciais ou marcas comerciais registradas da LeddarTech Inc. e suas subsidirias. Todas as outras marcas e nomes de produtos so ou podem ser marcas comerciais ou marcas comerciais registradas usadas para identificar produtos ou servios de seus respectivos proprietrios.

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Erleben Sie die Zukunft in Aktion: LeddarTech stellt seine preisgekrönte LeddarVision ADAS-Technologie und zugehörige Produkte auf der CES Las Vegas 2024 vor

QUEBEC CITY, Kanada, Dec. 13, 2023 (GLOBE NEWSWIRE) — LeddarTech (NASDAQ: LDTC), ein Automobilsoftwareunternehmen, das patentierte, bahnbrechende KI–basierte Low–Level–Sensorfusions– und Wahrnehmungssoftwaretechnologie fr ADAS und AD anbietet, freut sich, seine Teilnahme an der CES 2024 (Stand 11014 LVCC/North Hall) anzukndigen und den Besuchern einen exklusiven Einblick in die nchste Generation der Softwaretechnologie und inspirierender Produkte fr ADAS– und AD–Anwendungen zu geben.

TAUCHEN SIE EIN in die Zukunft der Automobilinnovation mit LeddarVision, einer sensor– und prozessorunabhngigen, leistungsstarken und vielseitigen Low–Level–Sensorfusions– und Wahrnehmungssoftwareplattform fr Automobile, die aus verschiedenen Sensortypen (Kamera, Radar und LiDAR) und Konfigurationen ein umfassendes 3D–Umgebungsmodell erstellt.

TAUCHEN SIE EIN in die Zukunft der Automobilinnovation mit LeddarVision, einer sensor– und prozessorunabhngigen, leistungsstarken und vielseitigen Low–Level–Sensorfusions– und Wahrnehmungssoftwareplattform fr Automobile, die aus verschiedenen Sensortypen (Kamera, Radar und LiDAR) und Konfigurationen ein umfassendes 3D–Umgebungsmodell erstellt.

Erleben Sie LeddarVision und L2/L3 ADAS–Produkte in Aktion in verschiedenen Klimazonen und Straenbedingungen auf dem interaktiven Dashboard von LeddarTech, darunter:

  • **NEU** LeddarVision Surround (LVS–2+) "" der Premium–Surround–View–Fusions– und Wahrnehmungsstack, der die 1VxR–Sensorkonfiguration der LVF–Front–View–Produktfamilie effizient auf eine 5V5R–Konfiguration erweitert.
  • **Preisgekrnt** LeddarVision Front Entry (LVF–E) "" ein Front–View–Fusions– und Wahrnehmungsmodul fr ADAS L2/L2+ Autobahnassistenten der Einstiegsklasse und 5–Sterne NCAP 2025/GSR 2022 mit dem TDA4VM–Q1–Prozessor von Texas Instruments. Mit dem LVF–E werden die niedrigsten Systemkosten fr L2/L2+ ADAS der Einstiegsklasse erreicht.

FAHREN SIE MIT LeddarCar Live: Kunden und Analysten sind eingeladen, eine reale Vorfhrung der LeddarVision Low–Level–Fusions– und Wahrnehmungssoftwaretechnologie von LeddarTech auf der Strae zu buchen.

Kunden, Analysten, Investoren und die Medien sind eingeladen, einen Termin mit unserem Team auf der CES zu vereinbaren, um mehr ber LeddarTech zu erfahren.

"Seien Sie dabei, wenn wir unsere bahnbrechenden LeddarVision–Automobilsoftwarelsungen im dynamischen LeddarCar demonstrieren und unsere fortschrittlichen ADAS–Produkte und –Technologien auf der CES 2024 vorstellen", so Frantz Saintellemy, President, COO und zuknftiger CEO von LeddarTech. "Die CES ist eine groartige Gelegenheit fr uns, mit unseren Kunden, Partnern und Investoren sowie den Medien und politischen Entscheidungstrgern in Kontakt zu treten und zu zeigen, wie unsere Technologie die Mobilitt und Lebensqualitt aller Verkehrsteilnehmer verbessert. Die Teilnahme von LeddarTech an der CES 2024 unterstreicht unsere zentrale Rolle bei der Weiterentwicklung der Zukunft der Automobiltechnologie und strkt unsere Position als fhrender Anbieter von Automobilsoftware."

ber LeddarTech

LeddarTech ist ein 2007 gegrndetes, weltweit ttiges Softwareunternehmen mit Hauptsitz in Quebec City und weiteren Forschungs– und Entwicklungszentren in Montreal, Toronto und Tel Aviv, Israel. Das Unternehmen entwickelt und liefert umfassende KI–basierte Low–Level–Sensorfusion– und Wahrnehmungssoftwarelsungen, die den Einsatz von Anwendungen fr ADAS und autonomes Fahren ermglichen. Die Software von LeddarTech, die fr die Automobilindustrie ausgelegt ist, wendet fortschrittliche KI– und Computer–Vision–Algorithmen an, um genaue 3D–Modelle der Umgebung zu erstellen, die eine bessere Entscheidungsfindung und eine sicherere Navigation ermglichen. Diese leistungsstarke, skalierbare und kosteneffiziente Technologie steht OEMs und Tier–1/2–Zulieferern fr die effiziente Implementierung von Lsungen fr PKWs und Gelndefahrzeuge zur Verfgung.

LeddarTech ist fr mehrere Innovationen im Bereich der Fernerkundung verantwortlich und verfgt ber mehr als 150 Patentanmeldungen (80 davon erteilt), die ADAS– und AD–Funktionen verbessern. Eine bessere Wahrnehmung rund um das Fahrzeug ist entscheidend, um die globale Mobilitt sicherer, effizienter, nachhaltiger und erschwinglicher zu machen: Das ist es, was LeddarTech dazu bringt, die am weitesten verbreitete Softwarelsung fr Sensorfusion und Wahrnehmung zu werden.

Weitere Informationen ber LeddarTech finden Sie unter www.LeddarTech.com und auf LinkedIn, X (ehemals Twitter), Facebook und YouTube.

Kontakt:
Daniel Aitken, Vice–President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1–418–653–9000 Durchwahl 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision und die entsprechenden Logos sind Warenzeichen oder eingetragene Warenzeichen der LeddarTech Inc. und ihrer Tochtergesellschaften. Alle anderen Marken und Produktnamen sind oder knnen Marken oder eingetragene Marken sein, die zur Identifizierung von Produkten oder Dienstleistungen ihrer jeweiligen Inhaber verwendet werden.

Ein Foto zu dieser Mitteilung ist verfgbar unter https://www.globenewswire.com/NewsRoom/AttachmentNg/fe9b76b7–c72b–416d–8174–2b4bfe122503


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