Today, Terranet has received an order from a Swedish based automotive safety supplier. The order call amount of approximately SEK 250,000 is within the framework of a new cooperation agreement with a tier-1 supplier in automotive safety.

The Swedish customer is a global supplier of truck & trailer components and a market leader in its segment.

The purchase order refers to the development of systems for telematics and communication services in vehicle-to-vehicle communication.

Terranet’s core business is algorithm and software development for active safety and self-driving vehicles.  

Our unique competence in network optimization, communications and connected vehicles is a central part of the project and aligns with Terranet’s long-term strategy in the automotive business segment, says the company’s CEO Pär-Olof Johannesson
  

For more information please contact

Pär-Olof Johannesson, CEO
parolof.johannesson@terranet.se
 
 
+ 46 70 332 32 62

Christina Björnström, SVP Marketing & Sales
christina.bjornstrom@terranet.se

 

ABOUT TERRANET
Terranet has a strategic focus within active safety and develops software for radio-based sensors as well as GPS and non-GNSS solutions intended for self-driving vehicles. Terranet is headquartered in Lund, Sweden with established sales and marketing agents in the US and China. Terranet Holding AB (publ) is listed on Nasdaq First North Premier.

www.terranet.se
  

This is information that TerraNet Holding AB is required to disclose under the EU Market Abuse Regulation. The information was provided via the above contact person for publication on March 21, 2019 at 16:15 CET

Appointed Certified Adviser to Terranet Holding AB (publ) is FNCA Sweden AB, +46(0)8-528 00 399, info@fnca.se.