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Terranet to Present First Serious Lidar Alternative at CES

At next week’s International CES 2020, Terranet will demonstrate VoxelFlow  - a 3D motion perception technology capable of detecting and classifying objects far more accurately and exponentially faster than Lidar. Terranet’s demo is timely considering Tesla CEO Elon Musk shocked the press just last April with his remarks: “Lidar is a fool’s errand. Anyone relying on lidar is doomed. Doomed!” In a bold move, Swedish-headquartered Terranet plans on backing up Musk’s claims that Lidar is merely a dangerous shortcut to image recognition – a perilous reliance if that’

Terranet and Intel to Showcase Multi-Access Edge Computing (MEC) Demo at 5GAA Turin Conference

Today in Turin Italy, Terranet and Intel will jointly demonstrate a 4K streaming video application running over 5G networks utilizing Predictive Quality of Service (QoS) and Multi-Access Edge Computing (MEC).  The 5GAA In-Vehicle Entertainment (IVE) use case will be prominently featured as part of the C-V2X demos on display at the 5GAA conference, scheduled to take place in the Museo dell’Automobile.  Intel’s MEC technology serves as a key offering that promises cloud computing capabilities and an IT service environment at the edge of 5G mobile networks, both of which are critical to

PROJECT FUNDING AND COOPERATION AGREEMENT WITHIN COLISSION WARNING BETWEEN TERRANET, HALMSTAD UNIVERSITY, ASTAZERO AND OTHER MAJOR INDUSTRIAL PARTNERS

Terranet has signed a cooperation agreement with Halmstad University, AstaZero and other major industrial partners for the development of functionality for collision warning in intersections. SafeSmart, as the project is called, is funded by the Knowledge Foundation. The collaboration aims to develop new safety-critical applications for collision warning in intersections, based on a model for optimizing positioning mechanisms for simultaneous localisation and navigation of connected and interconnected vehicles. The project starts in October and has a budget of SEK 12 million."This project

Terranet Licenses 3D Motion Perception Patents to Pursue Opportunities in Autonomous Self Driving Vehicles & Delivery Automation

Lund, Sweden- Terranet, a leading provider of positioning and communications software for autonomous driving vehicles, today licensed 3D Motion Perception (Computer Vision) patents from Gerard “Dirk” Smits.  Together with Dirk as an independent consultant, Terranet will jointly promote this technology in order to secure key customer design-win projects in the autonomous vehicle and delivery automation space. The market potential and growth in technologies for autonomous vehicles and delivery automation was estimated to be at 54.9 billion SEK for year end 2018 with a projected CAGR of 31.

Terranet Demonstrates Vulnerable Road User App at Kista Mobility Day

Today Terranet will demonstrate a vulnerable road user app at Kista Mobility Day, an event organized by Ericsson, in partnership with Stockholm City, Urban ICT Arena, Drive Sweden and Viable Cities. Terranet will demonstrate capabilities specifically in the area of ‘Vehicle-to-Pedestrian’ (“V2P”), in an effort to provide real-time localization and collision warnings between vehicles and vulnerable road users (pedestrians, cyclists, and scooter riders) via smartphones. The evolution of positioning in smartphones leads to increased accuracy, reliability, and robustness demonstrated by Waysure’

Terranet establishes operations and sales agency in Germany

On May 1, Terranet will open a sales agency in Stuttgart. As the capital of Badem-Würtemberg and home to Daimler-Benz, Porsche, Bosch, large OEMs, tier-1 suppliers and leading universities, Stuttgart is one of the leading knowledge hubs in the industry.  This will allow for Terranet to scale up marketing and sales efforts in one of the most dynamic business environments in the global automotive industry. The region is especially recognized in areas such as common mobility, connected and autonomous vehicles, where Terranet has been establishing its foothold. Recently, Terranet has joined

Terranet secures approximately SEK 10 million in financing through convertible bonds and bridge loans

Terranet Holding AB (publ) (the "Terranet" or "the Company") has added approximately SEK 10 million in liquidity through the convertible bond issue, with preference for existing shareholders. The issue closed on March 27 and brought in approximately SEK 6.3 million in addition to a new bridge loan of approximately 3.6 SEK million. Through the loan agreement, the company has secured an important strategic relationship and a commitment for the next long-term financing. The loan agreement has a maturity of eight months and a 2% monthly interest rate. Upon full conversion, on the request

Terranet Receives Order from Major Automotive Safety Supplier

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.

Terranet enters into project consortium with Volvo Cars, Volvo Trucks and Lund University

Terranet has entered into a project consortium with Volvo Cars, Volvo Trucks and Lund University of Technology, which today received a development grant from Vinnova totaling approximately SEK 11.3 million. The 3-year project will enable research and development in the areas of increased accuracy and robustness of positioning for fully- and assisted-self-driving technologies also designed to work in dense urban environments and roadways with poor visibility conditions. Terranet will focus on cellular localization between vehicles as well as spearhead the development of 5G multi-wave

TerraNet enters into a facility agreement with a maximum loan amount of up to MSEK 50, and has resolved to issue convertibles for MSEK 2

TerraNet Holding AB (publ) ("TerraNet" or the "Company") has today entered into a facility agreement with YA II PN, LTD, represented by its Investment Manager Yorkville Advisors Global, LP, in turn represented by its General Partner ("YorkVille"), according to which YorkVille agrees to, during a period of 36 months, in different tranches, subscribe for TerraNet's convertibles up to an amount of a maximum of MSEK 50. TerraNet has today requested the first tranche, where 20 convertibles, each with a nominal amount of SEK 100,000, in total MSEK 2, are issued to YorkVille at a subscription

Terranet signs strategic partnership agreement with Qubercomm

Terranet today signed a strategic partnership agreement with Qubercomm . The agreement entails plans to engage in joint marketing initiatives and collaborate on larger product development and delivery projects for key customers. A spin-off of Qualcomm, Qubercomm currently employs 30 highly specialized mesh communication software developers. Qubercomm is run under the leadership of founder and CEO Sudarsan Vasudevan, who for several years, worked for Cisco and Qualcomm in Silicon Valley, USA. Terranet has had a subcontracting relationship with Qubercomm for just

Terranet signs cooperation agreement and markets joint venture with Waysure

Terranet has today entered into a strategic cooperation agreement with Waysure, whose focus is on absolute positioning with the primary use for autonomous driving. Waysure has developed a high accuracy GNSS (Global Navigation Satellite System, such as GPS) with support for RTK (real-time kinematics) functionality. By utilizing existing satellite systems and mass-market components, Waysure is capable of achieving cm-level accuracy. Waysure algorithms are especially suitable for heavier vehicles, having already been utilized in the early stages of development and done several tests with

Terranet enters into licensing agreement with automotive partner in active safety

Terranet has signed a licensing agreement with their automotive partner in active safety to commercialize and drive the implementation of network independent autonomous vehicle positioning. Positioning of autonomous vehicles in environments with poor GPS signals is critical to avoiding accidents, especially in challenging zones such as tunnels, urban canyons and parking garages. Terranet and the automotive partner have engaged in joint research and development projects in the field since 2016. As a result of the cooperation, Terranet and the automotive partner have developed the

Terranet receives 1,2 MSEK order from a leading global productivity partner for machine-to-machine communication.

Terranet and a leading global productivity partner in the resource sector, subsidiary to a listed conglomerate, have today entered into an agreement to perform a proof-of-concept (POC) designed to facilitate intelligent machine-to-machine and machine-to-mobile communications in an offline capacity.“The 1.2 MSEK order was made as a result of demonstrating to our customer our ability to transfer wireless data through WiFi (802.11) infrastructures via machines and mobile phones, an area we see ourselves as leaders in. We are therefore excited at the prospect of making an important impact in

TerraNet receives strategic order within active safety

TerraNet has today received an order of 950 000 SEK for the continued development of LTE-based active safety for autonomous vehicles.TerraNet and the customer, a world-leading provider of passive and active safety, already have a well-established collaboration for sensor-based vehicle communications, primarily for offline and non-cellular network services. This order demonstrates that TerraNet´s technology, designed to increase maneuverability in autonomous cars, is suited well for use within LTE, the next generation network standard. TerraNet´s embedded software module will be licensed

TerraNet receives additional customer order within active safety

TerraNet has today received another order for optimization of LTE-V - the next generation network standard in vehicle-to-vehicle communication. The order of 180,000 SEK serves as the first stage within a roadmap of a 0-series and industrialization program with a total value of 1.8 MSEK. Developing the first prototype for this new initiative is set to be completed during the second quarter of 2018. The software will be licensed and is expected to serve as an integral system component of newly manufactured cars by 2020. TerraNet and the customer, a world-leading provider of passive and

TerraNet secures order from an existing customer for commercial offline application

TerraNet has today signed a product development contract and received a new customer order of 2.2 MSEK. The project entails the development of a product involving the integration of Terranet's embedded software into an existing customer’s hardware. The customer is a multinational conglomerate, recognized as a global leader in the highend market for a range of intercom solutions. This project will result in the development of a product scheduled for launch on the global market within the next two years with subsequent licensing revenues for Terranet. "In line with our strategic vision,

TerraNet and Orange Labs in joint trial of TerraNet’s patented service platform for mobile data sharing

Correction from press release sent 15.00 CET, July 17, 2017 TerraNet has signed an agreement with Orange Labs with an initial order value of EUR 30,000 to customize and field test a data sharing app based on GriDD, TerraNet’s patented and disruptive technology, for users to share and trade data capacity between each other. The technology empowers users to access mobile data in any situation, allowing them to always stay connected.TerraNet and Orange Labs have jointly established a test-bed at Warsaw University of Technology, Faculty of Electronics and Information Technology, letting

TerraNet and Orange Labs in joint trial of TerraNet’s patented service platform for mobile data sharing

TerraNet has signed an agreement with Orange Labs to customize and field test a data sharing app based on GriDD, TerraNet’s patented and disruptive technology, for users to share and trade data capacity between each other. The technology empowers users to access mobile data in any situation, allowing them to always stay connected.TerraNet and Orange Labs have jointly established a test-bed at Warsaw University of Technology, Faculty of Electronics and Information Technology, letting students validate the solution and define usage scenarios of the service. The order has an initial value of

TerraNet delivers test equipment for offline communication aimed at military defense industry

TerraNet has recently been approved partner to a leading international defense industry group and has now received an order to deliver customized testing equipment to further explore use cases and to optimize TerraNet’s patented algorithms for data and video streaming outside the internet.The order, with an initial value of SEK 425,000, comes with an option for delivery of additional test equipment worth up to SEK 1 000 000.The order comes after TerraNet has shown positive test results in demonstrating its patented software for streaming high definition video in offline mode. A long-range

TerraNet receives order from Alfa Laval for increased efficiency through off-line technology

TerraNet and Alfa Laval have today entered into a cooperation to develop innovative solutions for Alfa Laval’s product and service catalogue, using TerraNet’s off-line software platform to decrease infrastructure costs, improve performance monitoring and enable new business models for Alfa Laval clients.The initial order has a value of SEK 400 000 for the purpose to design commercially viable use cases, producing hardware and software demos and build client cases for Alfa Laval. Possible client cases include the segments of Marine, Agriculture and Industry 4.0. The project is the start to

TerraNet announces new executive hires and organizes to sharpen customer focus

In light of TerraNet’s recent Nasdaq First North premier IPO and ongoing costumer projects, TerraNet is organizes the company to reflect its increasing focus on consumer IoT and industrial IoT. In response, the company has made some key recruitments, appointing Christian Lönne as Vice President of Consumer IoT and Christina Björnström as Vice President of Marketing and Investor Relations.Christian Lönne brings solid experience from international consumer business, having worked at both large corporations and entrepreneurial ventures. Christian has an extensive background in consumer

TerraNet receives order within V2V and Active Safety

TerraNet has today received an order under an existing partner development program to test drive cars in real traffic settings, having the TerraNet application for vehicle-to-vehicle communication (V2V) for active safety installed. The order also includes to optimize the upcoming mobile communication standards 5G and LTE-V networks by using TerraNets algorithms for V2V communication to forward data and safety messages in offline mode.Extended scopeThe order, with a value of approx. 1 million SEK, is placed with an extended scope in an ongoing industrialization project to develop a sensor

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