Flex Ltd FLEX:NASDAQ

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Flex Signs Collaborative Agreement With LeddarTech to Develop Automotive Front LiDAR Solution

9:37AM ET 10/13/2020 MT Newswires
Flex (FLEX), a Singapore-based manufacturing, supply chain, and technology company, on Tuesday signed a collaborative project agreement with Quebec-based electronics company LeddarTech. Financial terms were not disclosed.

Under the agreement, the companies will develop a LiDAR evaluation kit and related service offering to design, and manufacture automotive LiDAR sensors. LiDAR, which is short for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure distances.

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