News

The Board and management of the Company, as well as companies affiliated with them, intend to exercise warrants corresponding to approximately 27 percent of the outstanding warrants of series TO7 in Terranet AB

Terranet AB (publ) (”Terranet” or the “Company”) hereby announces the Board and management of the Company, as well as companies affiliated with them, intend to exercise their warrants of series TO7, an investment of approximately SEK 3.6 million, corresponding to approximately 27 percent of the total amount of outstanding warrants of series TO7. The subscription…

Bulletin from the annual general meeting of Terranet AB on 21 May 2024

The annual general meeting of Terranet AB (the “Company”) took place today, 21 May 2024 at Eversheds Sutherland Advokatbyrå’s premises at Sveavägen 20, 3 tr, in Stockholm. The meeting resolved with the required majority as follows: Adoption of the income statement and balance sheetThe annual general meeting resolved to adopt Terranet’s income statement and balance…

The subscription period for the warrants of series TO7 starts today, May 20, 2024

Today, May 20, 2024, marks the commencement of the exercise period for subscription of warrants of series TO7 in Terranet AB (publ) (”Terranet” or the” Company”). The exercise period for warrants of series TO7 runs up until and including June 3, 2024. Each warrant gives the right to subscribe for one (1) new share of…

The subscription price for exercise of warrants of series TO7 in Terranet AB has been set to SEK 0.073 per share of series B. The exercise period begins on Monday, May 20, 2024.

Terranet AB (publ) (” Terranet” or the” Company”) issued 182 664 660 warrants of series TO7 in connection with the Company’s rights issue in the second quarter of 2023. Each warrant gives the right to subscribe for one (1) new share of series B in the Company. The subscription price for the warrants of series TO7 shall…

Terranet appoints strategic business developer to enhance customer relations

Terranet welcomes Jonas Renander as strategic business developer (CCO, Chief Commercial Officer). He joins the company at a crucial time as Terranet is in the process of finalizing the company’s first prototype for BlincVision while also deepening dialogues with potential customers and partners. Jonas Renander has over 20 years of experience in sales and project…

Terranet AB – Interim report Q1 2024

Significant events during the first quarter – Successful prototype demo in lab conducted at the end of March During the first quarter of the year, product development focused on the prototype demonstration in a lab environment, which was carried out with successful results. – Organizational reinforcements During the quarter, we continued to develop our organization.…

Terranet invites to presentation of Q1 report on May 7, 2024

On May 7, Terranet AB (publ) will release its Q1 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 broadcasted digitally and is open to the public. The presentation will…

Terranet intensifies integration of prototype in car

The company is well in line with the previously presented development plan. Relevant adjustments from previous lab tests have been made, and the company is now fully focused on integrating the driver assistance system BlincVision into vehicles. Part of the integration work involves evaluating sensor placements, adapting communication interfaces to vehicles and optimizing the system…

Terranet publishes the annual report for 2023

Terranet publishes the annual report for 2023 including corporate governance report and auditor’s report. Report is available at the company’s website www.terranet.se/en/reports Comments on the Annual ReportFollowing the publication of the Company’s Year-end Report for 2023, holoride GmbH, in which Terranet holds 10.4% of the shares and votes, has initiated a preliminary insolvency process in…

Terranet updates on the market potential for BlincVision

Recent international reports* indicate a significant growth in the market for Advanced Driver Assistance Systems (ADAS) in the coming years. BlincVision is well positioned to meet the growing market demand for a rapid driver assistance system for urban environments, where every meter and millisecond counts. Stricter regulations, increased consumer expectations, and technological advancements will collectively…

Terranet updates the market on its shareholding in holoride

Terranet AB (publ) today announces that the company does not intend to further invest in holoride GmbH at this time. The decision not to contribute with more capital reflects Terranet’s strategy to prioritize and accelerate its own development of BlincVision. Terranet invested in holoride in 2021 together with an investment consortium consisting of major industry…

NOTICE TO ATTEND THE ANNUAL GENERAL MEETING IN TERRANET AB

N.B. This English text is an unofficial translation of the Swedish original of the notice to attend the extraordinary general meeting in Terranet AB, and in case of any discrepancies between the Swedish and the English translation, the Swedish text shall prevail. The shareholders of Terranet AB, registration number 556707-2128, (the “Company“) are hereby invited…