Terranet - Forward at a faster rate - Mangold Insight Analys

Terranet, which develops technology for advanced driver support and self-driving vehicles, is entering a new development phase with VoxelFlow. 
A prototype has been presented at the Startup Autobahn. This was well received and the company will now develop a new generation. The 
company has also broadened its network, which includes the technology company Nvidia, and an investment in holoride, an AI technology start-up 
company from Germany. Mangold believes that more collaborations can be realised in line with increased knowledge of VoxelFlow.

In order to be able to develop VoxelFlow into a product, Terranet needs to strengthen its team. The company has recruited Nihat Kücük as 
Product Manager. He has experience from software companies with a start-up character, focused on the automotive industry. He also has 
experience of VoxelFlow from his time at Mercedes-Benz where he worked on the innovation of sensors for navigation systems. Mangold expects further recruitments to follow. 

Mangold reiterates its Buy Recommendation for the stock. Estimates from previous updates remain unchanged. One change is that more shares will be added after the offer to exercise subscription warrants. Mangold is setting a new target price of SEK 4.40, an updside over 150 percent for the stock. Activity in the sector is high, which Mangold sees as positive. This provides Terranet with good opportunities to find new partners. 

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