Terranet has hired Pierre Ekwall as the new CTO & SVP of Engineering. Pierre comes from the role of Vehicle line manager at Einride and has previous experience in technology and innovation development from, among others, Volvo Cars, SAAB Automobile, and Semcon. The employment starts on December 1st. Pierre brings over 20 years of experience…
DetailsToday, November 27th, 2023, marks the commencement of the exercise period for subscription of warrants of series TO6 in Terranet AB (publ) (”Terranet” or the” Company”). The exercise period for warrants of series TO6 runs up until and including December 11th, 2023. Each warrant gives the right to subscribe for one (1) new share of…
DetailsTerranet AB (” Terranet” or the” Company”) issued 182 664 660 warrants of series TO6 in connection with the Company’s rights issue in the second quarter of 2023. Each warrant gives the right to subscribe for one (1) new share of series B in the Company. The subscription price for the warrants of series TO6 shall correspond…
DetailsSignificant events during the third quarter Terranet announced that it will perform demonstrations of BlincVision in a laboratory environment during the first quarter 2024 and on vehicles in a test environment during the second quarter of 2024 and released the company’s product development plan for 2024. The funds raised after completion of the preferential rights…
DetailsOn November 16, Terranet AB (publ) will release its Interim Report for the third quarter 2023. On the same day at 10 a.m. CET, the company’s CEO Magnus Andersson and CFO Dan Wahrenberg will provide an update on the operations in a webcast. The event will be broadcasted digitally and is open to the public.…
DetailsTerranet has been granted an innovation grant by Vinnova, to, in collaboration with RISE’s testbed AstaZero, conduct ground-breaking research. The aim is to develop new ADAS test methods for vulnerable road users in time-critical accident scenarios where advanced driver assistance systems play a crucial role in saving lives. The goal is to improve road safety…
DetailsTerranet and Nihat Kücük, the CTO, have mutually agreed to part ways. The purpose is to accelerate the product development of BlincVision, and the previously communicated timetable remains. A permanent replacement is expected to be in place shortly. Recruitment of a new CTO from the automotive industry is ongoing and is expected to be completed…
DetailsDan Wahrenberg assumes the role of permanent CFO at Terranet. Terranet is at the same time making reinforcements on both the technology and business development fronts. Terranet has completed the recruitment of a permanent CFO. The new CFO will be Dan Wahrenberg, who will also be responsible for the company’s Investor Relations. Dan replaces Thomas…
DetailsTerranet is moving closer to the milestone of the first prototype of Terranet’s unique Advanced Driver Assistance System, BlincVision, which will be presented during the first quarter of 2024. The demonstration of BlincVision’s functionality is essential for signing a contract with car manufacturers or their major suppliers to further finalize the product and achieve economies…
DetailsSignificant events during the quarter Terranet’s board decided on a directed issue of units to underwriters who chose to receive compensation in the form of new units in connection with the conclusion of the preferential rights issue. Preferential rights issue completed. A total of 70 percent was subscribed through support of unit rights, applications for…
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