Quebec City, QC -- (SBWIRE) -- 08/19/2015 -- LeddarTech is uniquely positioned within the IoT, and Big Data arena due to the qualifications of leading executive personnel. The areas of expertise complement a full understanding of sensor applications across a wide variety of industry sectors. Pierre Labbé, CPA, CA LeddarTech's vice-president and chief financial officer has experience of more than twenty-five years of financial management including some fifteen years as vice president and chief financial officer (CFO) of growing public companies, Pierre joined LeddarTech in April, 2015.
Labbé was notably CFO of Medicago Inc. until the privatization of the company in October 2013 following the acquisition by Mitsubushi Tanabe Pharma Corporation for a value of $ 357 million. He was also CFO of public companies in the mining sector in addition to having worked at PricewaterhouseCoopers where he participated in many M&A transaction and public financing. He also serves on the board of directors of two publicly traded companies.
Labbé holds a Bachelor of Business Administration from Université Laval obtained in 1987, is a member of the Order of Chartered Professional Accountants of Quebec and is also a certified corporate director.
LeddarTech is the owner and provider of the patented, leading-edge Leddar sensing technology which enables advanced detection and ranging systems. Leddar performs time-of-flight measurements using light pulses processed through innovative algorithms, detecting a wide range of objects under various environmental conditions.
Leddar sensing technology is globally deployed in all types of devices and applications, from specialized industrial solutions to high volume Internet of Things (IoT) sensing applications. Already growing at 200% CAGR over the last few years, the sensor market is expected to reach more than a trillion dollars in 2020.
The highly adaptable Leddar technology serves multiple industry sectors in different formats (from sensor ICs to off-the-shelf sensor modules), providing brand owners and OEMs with a best-of-class sensing solution optimized for their application and ensuring quick and simple integration.
LeddarTech's technology is accessible to all interested in exploring the new frontiers of innovation through sensors, from maker communities experimenting with sensor modules to specialized industrial leaders and large consumer goods manufacturers working on new products or applications.
LeddarTech (http://bit.ly/1f7zvEk) is a key technological enabler in the sensor revolution under way. The Quebec-based company provides a core technology that makes it possible to develop highly efficient sensors that are required in the deployment of very-high-volume sensing applications. LeddarTech was named the Most Innovative Device Solution at first ever IoT Awards as well as awarded the Gold Medal for Best New Product of the Year at Best in Biz Awards International.
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