News
Terranet has signed a Memorandum of Understanding (MoU) with a vehicle manufacturer in the mining industry. The purpose of the agreement is to further develop and evaluate the driver assistance system, BlincVision. The non-exclusive agreement means that both parties will contribute their own resources to carry out the project. The collaboration is part of Terranet’s…
Terranet AB (publ) (“Terranet” or the “Company”) today announces the outcome of the exercise of the warrants of series TO8. In total, 122 708 719 warrants of series TO8, corresponding to approximately 88 percent of the outstanding warrants of series TO8, were exercised for subscription of 122 708 719 Class B shares at a subscription…
The last day of trading with the warrants of series TO8 in Terranet AB is today, November 26th, 2024
Today, November 26th, 2024, is the last day of trading with the warrants of series TO8 in Terranet AB (“Terranet” or “the Company”). The exercise period for the warrants of series TO8 runs up until November 29th, 2024. Each warrant of series TO8 gives the owner the right to subscribe for one (1) new B-share…
Terranet AB (publ) (”Terranet” or the “Company”) hereby announces that the subscription period for TO8 starts today and that large shareholders as well as the Board and management in the Company intends to exercise their warrants of series TO8, an investment of approximately SEK 6,0 million, corresponding to approximately 31 percent of the total amount…
Terranet has formed a strategic collaboration agreement with a global leader in the automotive industry. The agreement is a direct result of the collaboration within the MobilityXlab accelerator program. The purpose of the agreement is to continue developing and evaluating the driver assistance system BlincVision. The non-exclusive partnership starts immediately in the fourth quarter, with each…
Significant events during the third quarter Autonomous braking completed at the AstaZero test trackBlincVision now functions as an independent driver assistance system, marking a strategic milestone in its development. The autonomous braking signifies that the system has, for the first time, completed the entire chain: from detecting and classifying objects to calculating collision risk and…
On November 7, Terranet AB (publ) will release its Q3 report for 2024. On the same day at 10 a.m. CET, the company’s CEO Magnus Andersson and CTO Pierre Ekwall will provide an update on the operations in a webcast. The event will be broadcast digitally and is open to the public. The presentation will…
Terranet presents its updated product development plan for BlincVision, an advanced driver assistance system, with clear goals set for 2025. Customer projects have been initiated, and the goal for the first half of the year is to develop an MVP (Minimum Viable Product) to pave the way for volume agreements and meet market demand. BlincVision…
A key target for the third quarter was to achieve fully automated braking based on a brake request from BlincVision. Recent tests at the certified AstaZero track demonstrated that BlincVision successfully initiated braking with a large margin, marking a significant advancement for the company. At AstaZero, the advanced driver assistance system has been tested at…
As previously communicated, Terranet has been selected to participate in MobilityXlab’s prestigious accelerator program, where several leading companies in the automotive industry are involved. The kickoff meeting was held recently, and the program has now begun. This gives Terranet a unique opportunity to develop and validate the advanced driver assistance system BlincVision, paving the way…
An institutional investor has on September 2, 2024 purchased 25,000,000 shares, corresponding to approximately 2.5% of all outstanding shares in Terranet. The transaction was made at a price of SEK 0.3465 and the seller was Maida Vale Capital AB. Anders Blom, representative of Maida Vale Capital and board member of Terranet, comments: “We are now…
As previously communicated, during the second quarter, Terranet conducted an initial system integration in a vehicle outdoors. The next step has been to expand the testing to later report back to the market on the results. The result analyses now confirm that the technology, so far in the process, is developing according to plan. The…