Terranet provides update on prototype tests in lab during the first quarter
February 29 2024 - 7:30AM
UK Regulatory
Terranet provides update on prototype tests in lab during the first
quarter
Terranet AB (publ) today announces that the
Company is performing prototype tests in a lab environment in
accordance with the previously communicated timetable. The purpose
of the lab tests is to verify updated conceptual solutions of our
prototype, which is a preparatory step for the upcoming prototype
demo in cars during the second quarter this year. Initially, the
tests have delivered positive data, which means that the conditions
for a successful prototype demo in a car during the second quarter
have been further strengthened.
The lab tests continue in order to refine
relevant measurements in areas such as object identification,
object classification and reaction time. The company intends to
report back with an outcome after the first quarter's prototype
tests.
Magnus Andersson, CEO of Terranet,
comments
"It is pleasing to see how the development of
BlincVision is progressing according to plan and with encouraging
results. We intend to continuously perform tests to further develop
the systems ahead of the second quarter's prototype demonstration
in car.
After many years of development, we look forward
to showcase BlincVision to the global automotive industry as we can
now show that our system will significantly contribute to
shortening the breaking distance in urban traffic, compared to
existing solutions.
We feel confident in our position in the market where BlincVision
currently has a substantial lead in reaction time compared to
existing industry standards.
We are convinced that BlincVision, as a
complement to existing technologies, such as LiDAR, can enable a
completely new and unique industry standard in vehicle safety."
For more information, please
contact
Magnus Andersson,
CEO
E-mail: 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, Stuttgart, Germany. The company is
listed on Nasdaq First North Premier Growth Market since 2017
(Nasdaq: TERRNT-B).
Follow our journey on www.terranet.se
Certified Adviser to Terranet is Mangold Fondkommission AB,
08-503 015 50, ca@mangold.se.
- PM_Terranet_Uppdatering kring tester_ENG
Terranet Holding Ab (LSE:0GH9)
Historical Stock Chart
From Aug 2024 to Sep 2024
Terranet Holding Ab (LSE:0GH9)
Historical Stock Chart
From Sep 2023 to Sep 2024