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RELEASE: LeddarTech annual business results for 2023 (1)

(Information sent by the signatory company).

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RELEASE: LeddarTech annual business results for 2023 (1)

(Information sent by the signatory company)

QUEBEC CITY, Jan. 31, 2024/PRNewswire/ -- LeddarTech Holdings Inc. ( LeddarTech®) (Nasdaq: LDTC), an automotive software company providing disruptive AI-based low-level sensor fusion and perception software technology , LeddarVision, for ADAS, AD and Parking Applications, is pleased today to provide business results for its full fiscal year ending September 30, 2023.

"We are pleased to report our first financial results as a public company. The past year has been exciting for LeddarTech, with several new products and partnerships announced, culminating in our business combination with Prospector Capital Corp. on December 21, 2023. We look forward to 2024 "This will be an even more exciting time for LeddarTech and I am honored to lead the company in this new phase of growth," said Frantz Saintellemy, President and CEO of LeddarTech.

Business Highlights/Recent Deals

Recent technical/product highlights

Tax Highlights 20231

Financial Highlights

______________________________1All amounts in Canadian dollars, unless otherwise indicated.

For additional information, see LeddarTech's Annual Report on Form 20-F for the year ended September 30, 2023 filed with the Securities and Exchange Commission.

Balance y liquidez2

As of September 30, 2023, LeddarTech's consolidated cash balance amounted to $5.1 million, compared to $32.1 million on September 30, 2022. On December 21, 2023, LeddarTech completed its combination of deals with Prospector Capital and its PIPE financing, resulting in $49 million in gross cash proceeds to the company (approximately $19.5 million from the SPAC trust and approximately $29.5 million from the PIPE financing since on September 30, 2023), with approximately $14 million of those funds allocated to transaction fees.

Fourth Quarter 2023 Conference Call

LeddarTech President and CEO Frantz Saintellemy and Chief Financial Officer Chris Stewart will host a conference call on January 31, 2024 at 8:00 a.m. ET. m. (Eastern Time) to analyze the company's financial results and business opportunities. The conference call can be accessed by dialing (646) 307-1963 or for international callers by dialing (800) 715-9871. The conference ID is 1293674. A recording of the call will be available on the company's investor website: https://investors.leddartech.com.

About LeddarTech

LeddarTech, a global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, develops and provides comprehensive low-level sensor fusion and perception software solutions based in AI that enable the implementation of ADAS, autonomous driving (AD) and parking applications. LeddarTech's automotive-grade software applies advanced computer vision and artificial intelligence algorithms to generate accurate 3D models of the environment for better decision-making and safer navigation. This cost-effective, scalable, high-performance technology is available for OEMs and Tier 1-2 suppliers to efficiently deploy ADAS solutions for automobiles and off-road vehicles.

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

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

_____________________________2 All amounts are in Canadian dollars unless otherwise noted.

Forward-looking statements

Certain statements contained in this press release may be considered forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements regarding anticipated strategy, future operations, prospects and LeddarTech objectives, as well as financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend on or refer to future events or conditions, and include words such as "may," "will," "should," "expect," "anticipate," "plan," "probable", "believe", "estimate", "project", "intend" and other similar expressions, among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statements as a result of various factors, including, but not limited to: (i) the possibility that the anticipated benefits of LeddarTech's recent business combination may not be realized; (ii) the risk that shareholder litigation in connection with the business combination or other agreements or investigations could result in significant defense, indemnification and liability costs; (iii) changes in general and/or industry-specific economic conditions; (iv) potential disruptions resulting from the business combination that could harm LeddarTech's business; (v) LeddarTech's ability to retain, attract and hire key personnel; (vi) potential adverse reactions or changes in relationships with customers, employees, suppliers or other parties, including as a result of the business combination; (vii) possible business uncertainty, including changes in existing business relationships following the business combination that could affect LeddarTech's financial performance; (viii) legislative, regulatory and economic developments; (ix) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreaks of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as the management response to any of the aforementioned factors; (x) access to capital and financing and LeddarTech's ability to maintain compliance with debt covenants; (xi) LeddarTech's ability to execute its business model, achieve design advancements and generate significant revenues; and (xii) other risk factors detailed from time to time in LeddarTech's reports filed with the United States Securities and Exchange Commission (the "SEC"), including risk factors contained in LeddarTech's final prospectus filed with the SEC on December 4, 2023. The above list of important factors is not exhaustive. Except as required by applicable law, LeddarTech undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Contacto:Daniel Aitken, vicepresidente, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and brands are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

LeddarTech Holdings Inc. is a public company listed on the NASDAQ under the symbol "LDTC."

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