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…
DetailsSignificant 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…
DetailsTerranet’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…
DetailsAn 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…
DetailsSignificant 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…
DetailsOn 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…
DetailsSignificant 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.…
DetailsTerranet 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…
DetailsTerranet 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…
DetailsTerranet AB (publ) or the (“Company”) today announces that the Company has received positive results from the previously communicated prototype tests performed in the lab during the first quarter. The data generated validates the technology and enables the company to initiate in-car tests in the near future and continue the development of BlincVision. During the…
DetailsTerranet 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…
DetailsSignificant 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…
DetailsOn 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…
DetailsTerranet 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…
DetailsToday, 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…
DetailsThe 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…
DetailsAs announced on 12 January 2024, the board of directors of Terranet AB (“Terranet” or the “Company”) has resolved to transfer warrants of series TO8 without consideration to the Company’s existing shareholders. The record date for receiving the warrants of series TO8 has now been set to 2 February 2024. The exercise period for subscription…
DetailsTerranet 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…
DetailsN.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…
DetailsTerranet 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…
DetailsImportant 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…
DetailsTerranet 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…
DetailsToday, December 6th, 2023, is the last day of trading with the warrants of series TO6 in Terranet AB (“Terranet” or “the Company”). The exercise period for the warrants of series TO6 runs up until December 11th, 2023. Each warrant of series TO6 gives the owner the right to subscribe for one (1) new B-share…
DetailsTerranet 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).…
DetailsTerranet 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…
DetailsToday, November 27th, 2023, marks the commencement of the exercise period for subscription of warrants of series TO6 in Terranet AB (publ) (”Terranet” or the” Company”). The exercise period for warrants of series TO6 runs up until and including December 11th, 2023. Each warrant gives the right to subscribe for one (1) new share of…
DetailsTerranet 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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