Change in the management team at Terranet
October 23 2023 - 2:00AM
Change in the management team at Terranet
Terranet 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 shortly. Until then, the
development work is led by the CEO, Magnus Andersson together with
external advisors, and the Company's Team Lead, who has extensive
experience from the automotive industry's subcontractor Bosch.
"We need to ensure that we have the skills required to take the
next step with the product and that we do it according to plan,
which the market expects. We continue to strengthen with expertise
at all levels of the company." says Magnus Andersson, CEO of
Terranet.
For more information, please contactMagnus
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_PM_change MT _ENG
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