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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…

Terranet’s CEO Magnus Andersson has informed the Board of Directors that he intends to leave Terranet in early 2025 for a CEO position in another company in another industry. “Magnus has successfully led the development and commercialization work in Terranet and the company has delivered according to plan. It is of course sad that Magnus…

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, 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…

As previously communicated, Terranet has been participating in the VERDAS project since May, which is funded by Vinnova, Sweden’s innovation agency. Now have all the partners in the project been officially announced. AstaZero* is leading the project, and the partners include Volvo Car Corporation, Toyota, Zenseact, Aptiv, Trafikverket, Folksam, IfInsurance, Viscando, and Terranet. “The project…

Significant events during the second quarter MobilityXLab Terranet has been selected from over 100 applicants to participate in the MobilityXlabs accelerator program, collaborating with leading car manufacturers and major suppliers in the automotive industry. The program aims to introduce new innovations and offers Terranet a unique opportunity to conduct Proof of Concept and projects together…

On August 15, Terranet AB (publ) will release its Q2 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…

The initial system integration in a vehicle has been completed, along with the first prototype tests of BlincVision in a vehicle outdoors. These tests mark a significant step forward in the development process toward a finished product. The next step is to extend the prototype testing during the summer with evaluations on an authorized test…

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…

Terranet’s CEO Magnus Andersson has informed the Board of Directors that he intends to leave Terranet in early 2025 for a CEO position in another company in another industry. “Magnus has successfully led the development and commercialization work in Terranet and the company has delivered according to plan. It is of course sad that Magnus…

Significant events during the second quarter MobilityXLab Terranet has been selected from over 100 applicants to participate in the MobilityXlabs accelerator program, collaborating with leading car manufacturers and major suppliers in the automotive industry. The program aims to introduce new innovations and offers Terranet a unique opportunity to conduct Proof of Concept and projects together…

Terranet has today agreed with the current lenders on an extension of part of the existing loan totalling SEK 8 million. The loan runs for an additional twelve months with a maturity date of June 30, 2025. The loan originally raised to finance the company’s investment in holoride GmbH in 2021 was due in full…

After an extensive selection process with over 100 applicants from 14 countries, Terranet has been chosen to participate in MobilityXlab’s prestigious collaboration program starting in August 2024. The program provides Terranet with a unique opportunity to conduct a Proof of Concept together with one or more of MobilityXlab’s partners, such as Ericsson, Magna Electronics, Volvo…

Terranet AB (publ) (“Terranet” or the “Company”) today announces the outcome of the exercise of warrants of series TO7. In total, 173,029,725 warrants of series TO7 were exercised, corresponding to approximately 95 percent of the total number of outstanding warrants of series TO7, for subscription of 173,029,725 B-shares at a subscription price of SEK 0.073…

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…

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…

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 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 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…

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…

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…

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, 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…

As previously communicated, Terranet has been participating in the VERDAS project since May, which is funded by Vinnova, Sweden’s innovation agency. Now have all the partners in the project been officially announced. AstaZero* is leading the project, and the partners include Volvo Car Corporation, Toyota, Zenseact, Aptiv, Trafikverket, Folksam, IfInsurance, Viscando, and Terranet. “The project…

On August 15, Terranet AB (publ) will release its Q2 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…

The initial system integration in a vehicle has been completed, along with the first prototype tests of BlincVision in a vehicle outdoors. These tests mark a significant step forward in the development process toward a finished product. The next step is to extend the prototype testing during the summer with evaluations on an authorized test…

AstaZero*, in collaboration with several partners, including Terranet AB and Trafikverket, is launching a new project aimed at significantly improving traffic safety for automated vehicles. The project will run from May 2024 to May 2025 and is funded by Vinnova, Sweden’s innovation agency. FFI, Strategic Vehicle Research and Innovation, is a collaboration program between the…

Today, May 29, 2024, is the last day of trading with the warrants of series TO7 in Terranet AB (publ) (“Terranet” or “the Company”). The exercise period for the warrants of series TO7 runs up until June 3, 2024. Each warrant of series TO7 gives the owner the right to subscribe for one (1) new…

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…