Terranet’s business idea is to develop technical solutions for advanced driver assistance and self-driving vehicles, primarily for vehicle manufacturers, subcontractors and other actors in transportation and mobility services.

The business model is based on Terranet’s solutions being sold as licenses to OEMs (Original Equipment Manufacturers) and Tier-1 suppliers that supply components to OEMs in the automotive industry. Besides licensing revenues, sales may also create revenue from product customization as well as service and upgrades.

Terranet focuses primarily on the development of BlincVision, a system for advanced driver assistance for motorized vehicles, based on three-dimensional image analysis. BlincVision complements currently available ADAS technologies such as radar, lidar and cameras in dense urban environments where margins are very small.

BlincVision is based on VoxelFlow™, a new patented lightning-fast vision sensor technology. Terranet has an exclusive global license to develop and market VoxelFlow™ towards the automotive industry. BlincVision is under development and aims to be commercialized over the next few years. The product development is managed through close collaboration with leading actors in the software and hardware development industry.

The VoxelFlow™ technology could be implemented in a variety of vehicles. In addition to cars, motorcycles and electric scooters may also be relevant. It also has great potential to create value in other types of intelligent transport systems, such as in mines, warehouses, and theme parks. However, today Terranet’s focus is to develop and market BlincVision towards the automotive industry, primarily in Europe and the US, as it is considered to hold the greatest commercial potential.