Leddar Technology Receives 2015 IoT Evolution Connected Home and Building Award

QUEBEC CITY, CANADA – LeddarTech’s patented Leddar sensing technology has received a 2015 IoT Evolution Connected Home and Building Award. 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.

For more details, visit http://www.leddartech.com

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