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Terranet AB (FRA:TE5) Q4 2024 Earnings Call Highlights: New Leadership and BlincVision Progress ...

Terranet AB (FRA:TE5) outlines strategic advancements and hurdles as it welcomes a new CEO and advances its BlincVision technology.

GuruFocus.com last month

TE5.F
0.00%
Terranet AB - Year-end report 2024

Significant events during the fourth quarter Agreement with an actor in the mining industry Terranet entered into a partnership agreement with a vehicle actor in the mining industry. The collaboration is part of the company's strategy to enable the expansion of the technology into new application areas and strengthen BlincVision's commercial potential. Product development plan for 2025 Terranet presented an updated product development plan focusing on further developing the BlincVision prototype

GlobeNewswire last month

TERRNT-B.ST
+5.52%
Terranet invites to presentation of Year-end report on February 19, 2025

On February 19th 2025, Terranet AB (publ) will release its Year-end report for 2024. On the same day at 10 a.m. CET, the company’s Acting CEO Dan Wahrenberg and CTO Pierre Ekwall will provide an update on the operations in a webcast. The event will be broadcast digitally and is open to the public. The presentation will be held in English. Via the webcast, there is an opportunity to ask written questions. Link to the webcast: https://terranet.events.inderes.com/q4-report-2024A recording of the pr

GlobeNewswire last month

TERRNT-B.ST
+5.52%
Terranet participates in a new research project for improved traffic safety

AstaZero*, in collaboration with several partners, including Terranet AB and Trafikverket, is launching a new project aimed at significantly improving traffic safety for automated vehicles. The project, funded by Vinnova, Sweden's innovation agency, will run from January 2025 to December 2025. “The project involves several leading players in the automotive industry. It provides us with a unique opportunity to showcase how BlincVision makes a difference while contributing to the future of traffic

GlobeNewswire 2 months ago

TERRNT-B.ST
+5.52%
Terranet announces Lars Lindell as new CEO

The Board of Directors at Terranet has appointed Lars Lindell as the company's new CEO. Lars brings over 30 years of international experience in successfully building and leading fast-growing tech companies, including in the automotive and telecom sectors. For 10 years, he served as CEO of Acconeer AB. Lars Lindell will take on the role as soon as possible, but no later than April 10, 2025. Terranet's Chairman of the Board, Torgny Hellström, comments on the recruitment:"With Lars Lindell, Terran

GlobeNewswire 2 months ago

TERRNT-B.ST
+5.52%
Terranet signs agreement with a vehicle manufacturer in the mining industry

Terranet has signed a Momorandum of Understanding (MoU) with a vehicle manufacturer in the mining industry. The purpose of the agreement is to further develop and evaluate the driver assistance system, BlincVision. The non-exclusive agreement means that both parties will contribute their own resources to carry out the project. The collaboration is part of Terranet's strategy to expand the use of BlincVision and create value in sectors beyond the traditional automotive industry. The collaboration

GlobeNewswire 3 months ago

TERRNT-B.ST
+5.52%
Warrants of series TO8 were exercised to approximately 88 percent and Terranet will receive approximately SEK 17.2 million

Terranet AB (publ) ("Terranet" or the "Company") today announces the outcome of the exercise of the warrants of series TO8. In total, 122 708 719 warrants of series TO8, corresponding to approximately 88 percent of the outstanding warrants of series TO8, were exercised for subscription of 122 708 719 Class B shares at a subscription price of SEK 0.14 per Class B share. Through the exercise of the warrants of series TO8, Terranet will receive approximately SEK 17.2 million before issue costs. Bac

GlobeNewswire 4 months ago

TERRNT-B.ST
+5.52%
The last day of trading with the warrants of series TO8 in Terranet AB is today, November 26th, 2024

Today, November 26th, 2024, is the last day of trading with the warrants of series TO8 in Terranet AB (“Terranet” or “the Company”). The exercise period for the warrants of series TO8 runs up until November 29th, 2024. Each warrant of series TO8 gives the owner the right to subscribe for one (1) new B-share in the Company. The exercise price for the warrants of series TO8 is SEK 0.14 per B-share. If all the warrants of series TO8 are exercised, the Company will receive approximately SEK 19.6 mil

GlobeNewswire 4 months ago

TERRNT-B.ST
+5.52%
The subscription period for warrants of series TO8 B starts today and three large shareholders as well as the Board and management intend to exercise warrants corresponding to approximately 31 percent of the outstanding warrants

Terranet AB (publ) (”Terranet” or the "Company") hereby announces that the subscription period for TO8 starts today and that large shareholders as well as the Board and management in the Company intends to exercise their warrants of series TO8, an investment of approximately SEK 6,0 million, corresponding to approximately 31 percent of the total amount of outstanding warrants of series TO8. The subscription period for the warrants of series TO8 is currently ongoing and will continue up until Nov

GlobeNewswire 4 months ago

TERRNT-B.ST
+5.52%
Terranet signs an agreement with a global leader in the automotive industry

Terranet has formed a strategic collaboration agreement with a global leader in the automotive industry. The agreement is a direct result of the collaboration within the MobilityXlab accelerator program. The purpose of the agreement is to continue developing and evaluating the driver assistance system BlincVision. The non-exclusive partnership starts immediately in the fourth quarter, with each party contributing its own time and resources to carry out the project. The partnership agreement invo

GlobeNewswire 4 months ago

TERRNT-B.ST
+5.52%
Terranet AB – Interim report Q3 2024

Significant events during the third quarter Autonomous braking completed at the AstaZero test trackBlincVision now functions as an independent driver assistance system, marking a strategic milestone in its development. The autonomous braking signifies that the system has, for the first time, completed the entire chain: from detecting and classifying objects to calculating collision risk and initiating an emergency brake that brings the vehicle to a stop. This crucial step confirms the system’s m

GlobeNewswire 4 months ago

TERRNT-B.ST
+5.52%
Terranet invites to presentation of Q3 report on November 7, 2024

On November 7, Terranet AB (publ) will release its Q3 report for 2024. On the same day at 10 a.m. CET, the company’s CEO Magnus Andersson and CTO Pierre Ekwall will provide an update on the operations in a webcast. The event will be broadcast digitally and is open to the public. The presentation will be held in English. Via the webcast, there is an opportunity to ask written questions. Link to the webcast: https://ir.financialhearings.com/terranet-q3-report-2024The webcast will be available on b

GlobeNewswire 5 months ago

TERRNT-B.ST
+5.52%
The road ahead – Terranet's product development plan for BlincVision 2025

Terranet presents its updated product development plan for BlincVision, an advanced driver assistance system, with clear goals set for 2025. Customer projects have been initiated, and the goal for the first half of the year is to develop an MVP (Minimum Viable Product) to pave the way for volume agreements and meet market demand. BlincVision sets a new standard for anti-collision solutions by combining patented event camera technology with AI-trained software. The system uses minimal data proces

GlobeNewswire 5 months ago

TERRNT-B.ST
+5.52%
Magnus Andersson announces his intention to leave Terranet in early 2025

Terranet's CEO Magnus Andersson has informed the Board of Directors that he intends to leave Terranet in early 2025 for a CEO position in another company in another industry. "Magnus has successfully led the development and commercialization work in Terranet and the company has delivered according to plan. It is of course sad that Magnus has chosen to leave the company. While the company has executed on the existing plan, we are now entering the next phase of the commercialization work. Magnus w

GlobeNewswire 5 months ago

TERRNT-B.ST
+5.52%
Terranet reaches strategic milestone - achieves autonomous braking

A key target for the third quarter was to achieve fully automated braking based on a brake request from BlincVision. Recent tests at the certified AstaZero track demonstrated that BlincVision successfully initiated braking with a large margin, marking a significant advancement for the company. At AstaZero, the advanced driver assistance system has been tested at various driving speeds and in several Euro NCAP scenarios to evaluate its performance. To further increase the complexity of the traffi

GlobeNewswire 6 months ago

TERRNT-B.ST
+5.52%
MobilityXlab’s accelerator program has started – Terranet deepens partnership

As previously communicated, Terranet has been selected to participate in MobilityXlab's prestigious accelerator program, where several leading companies in the automotive industry are involved. The kickoff meeting was held recently, and the program has now begun. This gives Terranet a unique opportunity to develop and validate the advanced driver assistance system BlincVision, paving the way for bringing the product to market. Since it started in 2017, around 1,100 startups from over 50 countrie

GlobeNewswire 6 months ago

TERRNT-B.ST
+5.52%
Institutional investor has purchased 25,000,000 shares in Terranet

An institutional investor has on September 2, 2024 purchased 25,000,000 shares, corresponding to approximately 2.5% of all outstanding shares in Terranet. The transaction was made at a price of SEK 0.3465 and the seller was Maida Vale Capital AB. Anders Blom, representative of Maida Vale Capital and board member of Terranet, comments: "We are now seeing increased interest from various institutional owners as Terranet enters an exciting and very intense period. As the largest shareholder in the c

GlobeNewswire 6 months ago

TERRNT-B.ST
+5.52%
Result analysis in line with expected development

As previously communicated, during the second quarter, Terranet conducted an initial system integration in a vehicle outdoors. The next step has been to expand the testing to later report back to the market on the results. The result analyses now confirm that the technology, so far in the process, is developing according to plan. The second quarter delivered several technical advancements, including integration with the vehicle’s communication platform, evaluation of the optimal placement of har

GlobeNewswire 7 months ago

TERRNT-B.ST
+5.52%
Terranet in partnership with additional leading global players in the automotive industry

As previously communicated, Terranet has been participating in the VERDAS project since May, which is funded by Vinnova, Sweden's innovation agency. Now have all the partners in the project been officially announced. AstaZero* is leading the project, and the partners include Volvo Car Corporation, Toyota, Zenseact, Aptiv, Trafikverket, Folksam, IfInsurance, Viscando, and Terranet. "The project involves several leading players in the automotive industry. This gives us a unique opportunity to coll

GlobeNewswire 7 months ago

TERRNT-B.ST
+5.52%
Terranet AB – Interim report Q2 2024

Significant events during the second quarter MobilityXLab Terranet has been selected from over 100 applicants to participate in the MobilityXlabs accelerator program, collaborating with leading car manufacturers and major suppliers in the automotive industry. The program aims to introduce new innovations and offers Terranet a unique opportunity to conduct Proof of Concept and projects together with one or more potential customers. Prototype demo in vehicle Initial system integration in the car h

GlobeNewswire 7 months ago

TERRNT-B.ST
+5.52%

Performance Overview

Return	TE5.F	OMX Stockholm 30 Index (^OMX)
YTD	-46.67%	-13.15%
1-Year	-65.43%	-14.20%
3-Year	-92.71%	+1.16%

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Terranet AB (TE5.F)

Terranet AB (FRA:TE5) Q4 2024 Earnings Call Highlights: New Leadership and BlincVision Progress ...

Terranet AB - Year-end report 2024

Terranet invites to presentation of Year-end report on February 19, 2025

Terranet participates in a new research project for improved traffic safety

Terranet announces Lars Lindell as new CEO

Terranet signs agreement with a vehicle manufacturer in the mining industry

Warrants of series TO8 were exercised to approximately 88 percent and Terranet will receive approximately SEK 17.2 million

The last day of trading with the warrants of series TO8 in Terranet AB is today, November 26th, 2024

The subscription period for warrants of series TO8 B starts today and three large shareholders as well as the Board and management intend to exercise warrants corresponding to approximately 31 percent of the outstanding warrants

Terranet signs an agreement with a global leader in the automotive industry

Terranet AB – Interim report Q3 2024

Terranet invites to presentation of Q3 report on November 7, 2024

The road ahead – Terranet's product development plan for BlincVision 2025

Magnus Andersson announces his intention to leave Terranet in early 2025

Terranet reaches strategic milestone - achieves autonomous braking

MobilityXlab’s accelerator program has started – Terranet deepens partnership

Institutional investor has purchased 25,000,000 shares in Terranet

Result analysis in line with expected development

Terranet in partnership with additional leading global players in the automotive industry

Terranet AB – Interim report Q2 2024

Performance Overview