Terranet intensifies integration of prototype in car
May 02 2024 - 4:30AM
UK Regulatory
Terranet intensifies integration of prototype in car
The company is well in line with the previously
presented development plan. Relevant adjustments from previous lab
tests have been made, and the company is now fully focused on
integrating the driver assistance system BlincVision into
vehicles.
Part of the integration work involves evaluating sensor
placements, adapting communication interfaces to vehicles and
optimizing the system for use in a mobile environment.
Optimizing sensor placements maximizes efficiency and coverage.
The tests also aim to ensure seamless, compatible and reliable
communication between BlincVision and the existing systems in the
vehicle.
Terranet differs from existing solutions on the market through a
unique combination of laser scanner, event camera and AI-trained
software. The pioneering use of the selected sensor type enables
significantly faster identification of other road users, such as
pedestrians and cyclists,
in driving surroundings compared to existing systems. The tests aim
to evaluate the system's performance and reliability in a dynamic
traffic environment.
"Our plan is to complete the evaluation of our in-car system
performance before the end of the second quarter. Shortly
thereafter, we will be able to present an analysis of the results.
With the great interest from the market, we look forward to sharing
the results as soon as the evaluation is completed and the analysis
is completed", says Pierre Ekwall, CTO & SVP Engineering at
Terranet.
The company intends to continuously update the stock market and
other stakeholders on the development process and progress going
forward.
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 patented vision technology, Terranet’s
anti-collision system BlincVision laser scans and detects road
objects up to ten 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.
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