Self-driving car technology
– an increasing demand
Advanced technologies for autonomous vehicles, primarily self-driving cars, are one of the fastest growing industries of today. Newly manufactured vehicles are already equipped with such technology, speed control and automatic breaks are standard features. Despite that, we have only seen the very beginning of the self-driving era. By 2050, the industry is expected to be worth 7,000 billion dollar according to Intel. TerraNet provides positioning and collision warning technologies which will be crucial for the development towards fully autonomous vehicles.
Rights issue October 2019
The industry for autonomous vehicles is one of the fastest growing markets at the moment, still in the beginning of its development curve. To meet the increasing demand the company is pursuing a rights issue for both current and new shareholders.
Advanced driver-assistance software
We develop software for advanced driver assistance systems for vehicle manufacturers, subcontractors in the transportation industry. Terranet’s embedded software module for V2V is based on a patented non-GNSS algorithm for cooperative positioning between vehicles on the road. Thanks to this wireless communication technology, vehicles can understand where they are in relation to one another or in relation to surrounding infrastructure. The solution can be used as a complement to GPS to get a more robust system, which also works in a disconnected environment. The technology can be integrated into passenger cars, trucks, buses, scooters and in other intelligent systems such as mines, warehouses or fun parks.
Through a licensing business model, TerraNet provides system integration- and consulting services within positioning and active safety.
The Board of Directors consists of five Directors, all with extensive experience from the vehicle- and telecom industry.
TerraNet follows the recommendation to apply silent periods and thus does not organize meetings with the press, media, investors, analysts and other capital market participants over a period of 30 days before the publication of a quarterly report.The company responds only to questions of a general nature during the silent period.
November 14th – Interim report January-September
February 28th– Year-end report 2019
Email : firstname.lastname@example.org
Phone: +46 72 70 95 601
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