Terranet begins integration of prototype in car - contractual tests are expected to be completed during the second quarter of the year
2024年4月11日 - 9:00PM
RNSを含む英国規制内ニュース (英語)
Terranet begins integration of prototype in car - contractual tests
are expected to be completed during the second quarter of the year
Terranet AB (publ) or the "Company") today announces
that the Company has started the preparatory work for the upcoming
prototype tests of BlincVision in car during the second quarter of
the year. Important tests are expected to be completed during the
second quarter of and to be contractual. Dialogue with
world-leading manufacturers and suppliers forms the basis for how
the tests are designed.
At the beginning of April, the company initiated the work of
optimizing the various components of our BlincVision system based
on last quarter's test results. Furthermore, work on product
specifications and preparations for the upcoming prototype tests in
car will be intensified in line with the previously communicated
time and development plan. The company is now well on track for the
upcoming prototype demo in the car, mainly after a number of strong
progress in development work that was recently communicated to
manufacturers, suppliers and the stock market.
During the second quarter of the year, the Company intends to
continuously update the stock market on the Company's continued
development within the framework of the ongoing tests.
A film is available on the Company's Youtube channel and shortly
also on our website about the prototype tests carried out during
the first quarter.
Magnus Andersson, CEO of Terranet comments:
"Terranet is in an incredibly exciting stage where years of
development are finally coming to a head. The fact that the Company
is now initiating these tests is a significant milestone in the
development work carried out in recent years in the Company.
We see a greater interest in our technology, which is evident
from the feedback we continuously receive from leading car
manufacturers and suppliers.
It is very encouraging that BlincVision has now reached a
completely different level of technical maturity, which we can
directly take with us and use in ongoing partner dialogues.
At the beginning of the year, we have been around the world and
presented Terranet to the automotive industry, most recently we had
the pleasure of presenting Terranet and BlincVision at the VTM fair
in Turin, Italy, together with Business Sweden and Jan Björklund,
Sweden's ambassador to Italy. In the future, we also intend to
inform the stock market about the events that we will attend during
the year."
For more information, please contact:
Magnus Andersson CEO
Email: magnus.andersson@terranet.se
About Terranet AB (publ)
Terranet is on a mission to save lives in urban
traffic.
We develop breakthrough tech solutions for Advanced Driver
Assistance Systems (ADAS) and Autonomous Vehicles (AV) that protect
vulnerable road users.
With a unique and patented vision technology, Terranet’s
anti-collision system BlincVision scans and detects road objects
multiple times faster and with higher accuracy than any other ADAS
technology available today.
Terranet is based in Lund, Sweden, and in the heart of the
European automotive industry in Stuttgart, Germany. The company is
listed on Nasdaq First North Premier Growth Market since
2017(Nasdaq: TERRNT-B).
Follow our journey at www.terranet.se
Certified Adviser to Terranet is Mangold Fondkommission AB,
08-503 015 50, ca@mangold.se.
Terranet Holding Ab (LSE:0GH9)
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