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The Board of Directors has resolved to carry out directed issues of units totaling approximately SEK 25 million and a fully underwritten rights issue of units of approximately SEK 15 million

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT…

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Terranet AB – Year-end report 2024

Significant events during the fourth quarter  Agreement with an actor in the mining industry Terranet entered into a partnership agreement with a vehicle actor in the mining industry. The collaboration is part of the company’s strategy to enable the expansion of the technology into new application areas and strengthen BlincVision’s commercial potential. Product development plan…

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Terranet invites to presentation of Year-end report on February 19, 2025

On February 19th 2025, Terranet AB (publ) will release its Year-end report for 2024. On the same day at 10 a.m. CET, the company’s Acting CEO Dan Wahrenberg 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…

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Terranet participates in a new research project  for improved traffic safety

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, funded by Vinnova, Sweden’s innovation agency, will run from January 2025 to December 2025. “The project involves several leading players in the automotive industry. It provides us with…

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Terranet announces Lars Lindell as new CEO

The Board of Directors at Terranet has appointed Lars Lindell as the company’s new CEO. Lars brings over 30 years of international experience in successfully building and leading fast-growing tech companies, including in the automotive and telecom sectors. For 10 years, he served as CEO of Acconeer AB. Lars Lindell will take on the role…

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Terranet signs agreement with a vehicle manufacturer in the mining industry

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…

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The subscription period for warrants of series TO8 B starts today and three large shareholders as well as the Board and management intend to exercise warrants corresponding to approximately 31 percent of the outstanding warrants

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…

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Terranet signs an agreement with a global leader in the automotive industry

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…

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Terranet AB – Interim report Q3 2024

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…

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Terranet invites to presentation of Q3 report on November 7, 2024

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…

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The road ahead – Terranet’s product development plan for BlincVision 2025

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…

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Magnus Andersson announces his intention to leave Terranet in early 2025

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…

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Terranet reaches strategic milestone – achieves autonomous braking

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…

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Result analysis in line with expected development

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…

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Terranet in partnership with additional leading global players in the automotive industry

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…

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Terranet AB – Interim report Q2 2024

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…

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Terranet invites to presentation of Q2 report on August 15, 2024

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…

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Terranet extends part of loan

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…

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Terranet selected by MobilityXlab for collaboration with leading companies in the automotive industry

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…

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Warrants of series TO7 were subscribed to approximately 95 percent and Terranet receives approximately SEK 12.6 million

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…

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Terranet in collaboration with leading vehicle manufacturers and major suppliers for improved traffic safety

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…

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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…

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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…

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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…

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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…

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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.…

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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…

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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…

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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…

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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…

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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…

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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…

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Success for Terranet – tests conducted at AstaZero’s test track validate BlincVision’s potential

Terranet AB (publ) has conducted tests in AstaZero’s test environment and obtained positive outcomes for the company. The results demonstrate significant potential for the company’s Advanced Driver Assistance System, BlincVision. The tests have been conducted at a Euro NCAP-approved test facility, meaning that these results directly contribute to Euro NCAP’s ADAS rating methods for 2026.…

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Terranet begins integration of prototype in car – contractual tests are expected to be completed during the second quarter of the year

Terranet AB (publ) or the “Company”) today announces that the Company has started the preparatory work for the upcoming prototype tests of BlincVision in car during the second quarter of the year. Important tests are expected to be completed during the second quarter of and to be contractual. Dialogue with world-leading manufacturers and suppliers forms…

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Terranet provides update on prototype tests in lab during the first quarter

   Terranet AB (publ) today announces that the Company is performing prototype tests in a lab environment in accordance with the previously communicated timetable. The purpose of the lab tests is to verify updated conceptual solutions of our prototype, which is a preparatory step for the upcoming prototype demo in cars during the second quarter…

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Terranet AB – Year end report 2023

Significant events during the fourth quarter The company was awarded a grant from Skyltfonden (an initiative of the Swedish Transport Administration) for the development of new testing methods in collaboration with AstaZero (RISE). Dan Wahrenberg took over as the new CFO. The company and Nihat Kücük reached an agreement on the termination of Nihat’s employment…

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Terranet invites to presentation of year-end report on February 22, 2024

On February 22, Terranet AB (publ) will release its year-end report for 2023. 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…

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Terranet announces first day of trading of warrants of series TO8

Terranet AB (publ) (“Terranet” or the “Company”) resolved on 12 January 2024 to carry out a directed issue of units of approximately SEK 10 million consisting of shares of series B and warrants of series TO8. In order to partly compensate the shareholders for the dilution that arose as a result of the issue, the…

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Terranet establish a new office in Gothenburg’s innovation and automotive center

Today, Terranet is opening a new office on Lindholmen in Gothenburg. Lindholmen is known as one of Sweden’s most dynamic innovation hubs, particularly within the automotive industry, offering a unique environment where technological development, research, and business opportunities converge. The new office puts Terranet in the heart of an ecosystem comprised of key players in…

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Bulletin from the extraordinary general meeting in Terranet AB on 31 January 2024

The extraordinary general meeting in Terranet AB, reg. no. 556707-2128 (the “Company”) took place today, 31 January 2024, at 11.00 a.m. at Eversheds Sutherland Advokatbyrå’s premises at Sveavägen 20 in Stockholm. The meeting resolved with the required majority in accordance with the following: Resolution on a) the number of members of the board of directors…

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Terranet provides update in connection with the recently communicated rights issue – partnership in 2024 on the agenda.

 Terranet, a company that develops advanced driver support for the automotive industry, today announces that the rights issue of up to SEK 10 million strengthens the conditions for entering into new partnerships during the year. Terranet is convinced that the Company, with its advancements in advanced driver assistance (ADAS), has a significant opportunity to enter…

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Terranet provides update from CES, the world’s largest tech event. The importance of Blincvision is highlighted.

 Terranet sees an increased interest from the automotive industry after fruitful meetings with potential partners and suppliers at CES Las Vegas 2024. The increased demand for faster and accurate solutions from the industry, strengthens Terranet’s position in partner dialogues. Between January 9-12th 2024, Terranet attended CES, the world’s largest tech event which gathers major players…

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NOTICE TO ATTEND THE EXTRAORDINARY 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, reg.no 556707-2128 (the “Company”), are hereby convened to…

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Terranet’s board of directors resolves on directed issues of units and transfer of warrants to all shareholders

Terranet AB (“Terranet” or the “Company”) announces that the board of directors has today resolved to carry out a directed issue of units of approximately SEK 10 million, consisting of shares of series B and warrants of series TO8 to a number of pre-approached investors, including existing shareholders. In order to partly compensate the shareholders…

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The nomination committee of Terranet proposes Mats Fägerhag as a new member of the company’s board of directors – as well as information about previous press release

Important disclosure: this press release has been incorrectly sent out by our distributor in a few channels, only in an English version. The company is working with the distributor to find out what went wrong.  The nomination committee of Terranet wishes to add further cutting-edge expertise from the automotive industry to the board and is…

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Warrants of series TO6 were subscribed to approximately 63 percent and Terranet receives approximately SEK 6.3 million

Terranet AB (“Terranet” or the “Company”) today announces the outcome of the exercise of warrants of series TO6. In total, 115,760,009 warrants of series TO6 were exercised, corresponding to approximately 63 percent of the total number of outstanding warrants of series TO6, for subscription of 115,760,009 B-shares at a subscription price of SEK 0.054 per…

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TERRANET CONTINUES TO DEVELOP NEW TESTING METHODS WITH FUNDING FROM THE SWEDISH TRANSPORT ADMINISTRATION

Terranet has been awarded a grant of 614 000 SEK from the Swedish Transport Administration’s Skyltfonden for a joint project with RISE’s test bed AstaZero. The project, which runs throughout all of 2024, aims to improve traffic safety for unprotected road users by developing new testing methods and technologies for advanced driver assistance systems (ADAS).…

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Terranet recruits CTO from automotive industry

Terranet has hired Pierre Ekwall as the new CTO & SVP of Engineering. Pierre comes from the role of Vehicle line manager at Einride and has previous experience in technology and innovation development from, among others, Volvo Cars, SAAB Automobile, and Semcon. The employment starts on December 1st. Pierre brings over 20 years of experience…

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The subscription price for exercise of warrants of series TO6 in Terranet AB has been set to SEK 0.054 per share of series B. The exercise period begins on Monday, November 27th, 2023.

Terranet AB (” Terranet” or the” Company”) issued 182 664 660 warrants of series TO6 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 TO6 shall correspond…

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BlincBike in Mashable

All the electric bikes and scooters that rolled into CES 2022 The BlincBike device attaches to your bike as two separate pieces with a camera and sensors to give warnings that are meant to help prevent crashes. It monitors all around your bike, including behind it, to monitor what’s happening as you ride. More information is…

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Terranet’s VoxelFlow technology included in Techcrunch

Terranet, NEVS och holoride collaboration in Techcrunch. “Earlier this month, Holoride announced a partnership with NEVS, a Swedish electric car manufacturer, to integrate its tech into the automaker’s PONS mobility system, a self-driving shared mobility concept featuring Sango, a purpose-built AV. Holoride’s tech would continue to be bolstered by software development company Terranet’s VoxelFlow technology, which…

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BlincBike – ADAS tech is bringing smart safety to ebikes

“Self-driving AI is not just for cars — it’s coming to e-bikes too” One further step on our journey to claim urban safety for everyone – from ADAS to e-bikes. Our mission is to save lives on roads with BlincVision (powered by VoxelFlow) for automotive and BlincBike for micro-mobility. Thank you The Next Web for…

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Terranet’s BlincBike mentioned in TechCrunch

Our exciting product-launch BlincBike is picked up in TechCrunch. The innovative e-bike product will offer first-of-its-kind safety applications for cyclists and help them keep their eyes on the road ahead and fits into any e-bike. BlincBike will keep an eye on the hazardous events potentially occurring from behind the cyclist with a full capture rear…

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Terranet in Autonomous Vehicle International

NEVS and holoride to investigate use of Terranet VoxelFlow technology “Vision-based sensor system developer Terranet has signed an agreement with autonomous mobility provider NEVS (National Electric Vehicle Sweden) to investigate the integration of its VoxelFlow technology into the NEVS autonomous mobility system, PONS. “The safety of both our passengers and all surrounding road users is…

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Frame Based Versus Event Based Systems

Tech has historically struggled to detect, track, and classify objects fast and reliably enough to prevent many corner-case collisions, like a pedestrian suddenly appearing from behind a parked vehicle. Enter event-based sensors, technology being developed within autonomous-driving systems offering advanced technology to provide vehicles with enhanced safety measures where other technology falls short. Read blog:…

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Will Big Tech Accelerate Self-Driving Cars? Terranet in Lifewire.

Terranet in Lifewire. “Big name players will certainly help increase the speed at which we are able to roll out self-driving fleets,” wrote TerraNet CEO Pär-Olof Johannesson, to Lifewire in an email. “Big Tech has their work cut out for them: prioritize safety in their rollouts.” Read the article here: http://bit.ly/3pqNN7S

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Terranet Further Advancing Its Life Saving Technology

Following the launch at CES in Las Vegas 2020, Terranet has through Q1 up to now taken further important steps in the development and proof of concept cycle with the life saving 3D motion software technology – Voxelflow. “With higher accuracy, lower latency at higher resolution we are coming closer to a point what no…

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