In This Article:
Release Date: February 19, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Terranet AB (FRA:TE5) is set to welcome a new CEO, Lars Lindell, who brings extensive industrial and international experience, particularly from his time at Acconeer.
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The company has successfully developed BlincVision from concept to prototype, with testing conducted in both lab environments and moving vehicles.
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A clear product development plan for 2025 has been outlined, focusing on finalizing the minimum viable product (MVP) and expanding the team.
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Terranet AB (FRA:TE5) has signed a collaboration agreement with a vehicle operator in the mining industry, providing a valuable testing environment for BlincVision.
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There is increasing interest in BlincVision from multiple industries, with ongoing discussions with potential customers and partners.
Negative Points
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Terranet AB (FRA:TE5) will require additional financing during the second quarter of the year, indicating potential financial challenges.
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Finding the right talent to expand the development team is a challenge, which could impact the company's growth plans.
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Bringing BlincVision from a controlled environment to real-world conditions presents technical challenges.
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International evaluation of BlincVision MVP poses logistical challenges due to physical distances from partners.
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The company is restricted by NDAs, limiting its ability to disclose partnerships, which could affect transparency with stakeholders.
Q & A Highlights
Q: When is the new CEO, Lars Lindell, expected to start, and what will he bring to Terranet? A: Lars Lindell will join on March 10. He brings extensive industrial and international experience, particularly from his last 10 years at Acconeer, where he successfully transitioned a desktop idea into a product implemented in cars, which will be beneficial for Terranet.
Q: What has been the experience of testing BlincVision in different vehicles and environments? A: Testing BlincVision in a partner's vehicle ensures it meets specific requirements. Each vehicle and environment is unique, and the iterative feedback process helps refine the product to align with partner needs, ensuring robust operation.
Q: What are Terranet's top priorities for 2025? A: The main goal is to finalize the MVP (minimum viable product) focusing on core functionalities. This includes showcasing the product, creating partnerships, expanding the team, and increasing development resources to enable future commercialization.