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TerraNet Holding AB (publ) (TERRNT-B.ST)
| Previous close | 2.0350 |
| Open | 2.0300 |
| Bid | 2.0350 x 0 |
| Ask | 2.0500 x 0 |
| Day's range | 1.9580 - 2.0950 |
| 52-week range | 0.4800 - 3.9400 |
| Volume | 1,164,772 |
| Avg. volume | 4,920,062 |
| Market cap | 543.072M |
| Beta (5Y monthly) | 1.48 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.4330 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Globe Newswire
Terranet Holding AB - Interim report 1st of January 2021 – 31st March 2021
First quarter 1 January — 31 March 2021 • Revenue amounted to 409 thousand (481). • Revenue amounted to SEK -9 426 thousand (-9,440). • Net profit/loss for the period amounted to SEK -9,996 thousand (-10,195). • Cash flow from operating activities amounted to SEK -10,314 thousand (-10,029). • Cash and cash equivalents amounted to SEK 60,311 thousand (44,495). • Diluted and undiluted earnings per share amounted to SEK -0.05 (-0.20). • Warrants of series TO2 B were exercised to subscribe to shares at approximately 95% and raised MSEK 36.4 after issue costs. Comments from the CEO To our valued shareholders! With the company’s VoxelFlow technology taking centre stage and driving the company's activities, things are moving faster than ever in a growing development team at Terranet. With a level of speed and precision that surpasses any sensor technology system currently available on the market, VoxelFlow can identify an object, and determine its position and direction in the vicinity of the car – at the blink of an eye. The main area of application for VoxelFlow is Advanced Driver Assistance Systems (ADAS) and collision warning systems in urban traffic environments. The company’s VoxelFlow sensor will be a safety-critical component in the navigation and automatic braking systems of cars in the near future. I am also excited to announce that we now have access to a test vehicle. VoxelFlow will soon step outside the laboratory environment to undergo calibration and functional testing in its intended habitat on a certified test track. Since the turn of the year, the company has recruited a significant number of new developers and project managers in C ++ programming, image analysis, mathematical algorithm development and test validation to expand its unit in Lund and build up the operation in Stuttgart.. The company kicked off the year by participating in Startup Autobahn, which is an incubator and accelerator event – a joint initiative run by Mercedes-Benz, Porsche, and Bosch to identify and hand-pick innovative new technology at an early stage and bring it to market. Since Startup Autobahn, Terranet’s level of activity has only accelerated further, and we are currently working to complete our first delivery to Mercedes Benz. We are also focused on building an ecosystem in collaboration with car manufacturers and subcontractors. We engage in these efforts while adhering to a well-defined roadmap, partnership strategy and outsourcing model. All with the aim of optimising our development efforts in a cost-effective manner, by bringing in hired experts in areas such as 3D visualisation, the software customisation of laser scanners, camera hardware and system-on-chip integration. Some important partners include Sensor Cortek, Summer Robotics and Prophesee. Terranet’s new cutting-edge technology has the potential to make the company a global market leader that completely transforms the playing field and challenges the status quo within the automotive industry. But to realise this vision, we need to continuously evaluate, identify and secure a number of commercial specialisations at the earliest stage possible. We are therefore extremely excited about our strategic collaboration with Holoride. Our inclusion in Holorides’ global network, which includes some of the world’s leading car manufacturers, puts Terranet in a unique position and provides a competitive advantage. Using the VoxelFlow platform as a foundation, we can then adapt the technology to the car manufacturers’ specific needs at an early stage, and at the same time shorten lead times to market The VoxelFlow sensor functions primarily based on object detection and collision warning. The company’s collaboration with Holoride also fills a gap in a new area of application. In addition to advanced driver assistance (ADAS – which is the priority business area for Terranet), the company’s collaboration with Holoride will enable VoxelFlow to be used as a component in a vehicle’s infotainment and multimedia system. The data the VoxelFlow sensor generates in the point cloud to enable active safety will also be able to be repurposed to enhance the user experience in Holorides’ VR console. Our partnership with Holoride is certainly a major step in the company’s history, and we always have our sights set on potential new partners. The new investment in Holoride was only possible thanks to the company’s stable financial position. It represents both an industrial and strategic commitment for Terranet, both in terms of marketing and product development. It is also represents a significant breakthrough for the company and a step into the value chain that opens the door to profiling opportunities, with the company’s name alongside the likes of established brands like Audi, which is the main owner of Holoride. This strategically important transaction also ensures access to a long-term platform with a broader area of application for Voxelflow – in active safety and advanced driver assistance as well as infotainment and comfort features. I can conclude by saying it is very gratifying to be able to report that we have attracted so many new shareholders. I would like to take this opportunity to thank all our new shareholders and established shareholders, partners, and employees for your continued trust and confidence in Terranet! I am looking forward to yet another eventful year for the company. CEO Pär-Olof Johannesson For more information: Michaela Berglund CMOmichaela.berglund@terranet.se+46 723 388 288 Pär-Olof Johannesson, CEOparolof.johannesson@terranet.se+46 70 332 32 62 This information is such that Terranet Holding AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person above on May 12th, 2021 at 8.00 am CET. Certified Adviser: Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se You can now subscribe to Terranet’s newsletter, sign up at: www.terranet.se/en/ir-2/ About Terranet: Terranet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, Terranet is pioneering breakthrough safety technology for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine and in Stuttgart, Germany. Terranet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST). https://terranet.se/en/ Attachments Terranet Q1 Delårsrapport 2021 Terranet Q1 2021
- Globe Newswire
Terranet etablerar leverantörskedja med Prophesee, Sensor Cortek och Summer Robotics - branschspecialister inom algoritmutveckling för bildanalys och robotautomation
Terranet har växlat upp med ett nytt tempo i produktutvecklingen av VoxelFlow genom att nyligen ha undertecknat strategiska samarbetsavtal med Prophesee, Sensor Cortek och Summer Robotics. Samtliga tre är branschspecialister inom algoritmutveckling, kamerahårdvara, robotautomation och bildanalys. Dessa ingångna samarbetsavtal tillsammans med den nyligen aviserade investeringen i Holoride (med Audi som huvudägare) samt deltagandet tidigare i år i Startup Autobahn (inkubatorn som drivs av Mercedes Benz) visar på både efterfrågan och intresset för VoxelFlowsensorn. Med ny banbrytande teknologi och potential att bli en global marknadsledare som helt förändrar spelplanen och utmanar bilindustrin är det viktigt att kontinuerligt utvärdera, identifiera och säkerställa flera kommersiella inriktningar så tidigt som möjligt. Inte minst viktigt är det att bygga upp ett ekosystem med biltillverkare och underleverantörer och att driva detta utifrån en väldefinierad roadmap, partnerskapsstrategi och outsourcingmodell. Allt i syfte att kostnadseffektivt optimera utvecklingen med inhyrda experter inom bl a 3D-visualisering, mjukvaruanpassning av laserscanner, kamerahårdvara och system-on-chip-integration. Sensor Cortek, Prophesee och Summer Robotics är några sådana strategiskt viktiga underleverantörer. VoxelFlow är en sensor med en implementation som i första hand bygger på objektidentifikation och kollisionsvarning. Det primära tillämpningsområdet för VoxelFlow är avancerat förarstöd. VoxelFlows förmåga att blixtsnabbt scanna av ett område framför bilen, gör den till en säkerhetskritisk applikation inom både automatiserad körning, navigations- och automatiska bromssystem samt industriell robotautomation. Dessa tre samarbeten förstärker väsentligt vår operativa kapacitet att adressera vårt fokusområde inom avancerat förarstöd (ADAS) samt att vidga tillämpningsområdet i den vidare industrialiseringen, standardiseringen och kommersialiseringen av VoxelFlow, säger bolagets VD Pär-Olof Johannesson. Om Terranet Terranet utvecklar mjukvara för radiobaserade lösningar och tredimensionell bildanalys för avancerat förarstöd och självkörande fordon (ADAS och AD). I linje med Sveriges historia när det gäller att föra innovativa säkerhetsåtgärder till bilindustrin, är Terranet banbrytande genom sin säkerhetsteknik VoxelFlow™ för ADAS- och AD-industrier med sitt huvudkontor i Lund, Sverige och dess kontor i Kiev, Ukraina och i Stuttgart, Tyskland. TerraNet Holding AB (publ) är noterat på Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST). Se mer information på www.terranet.se Du kan nu prenumerera på TerraNets nyhetsbrev, registrera dig på www.terranet.se/for-investerare/. PropheseeProphesee har utvecklat världens mest avancerade bildanalys inom neuromorf databehandling baserad på eventkameraoptik och maskininlärning. Tekniken bygger på artificiell intelligence (AI) med databehandling av oändliga integrationssystem och neurobiologiska arkitekturer. Denna uppfinning har gjort att man kan dimensionera analoga och digitala IC-kretsar och en ny extremt snabb eventkameraoptik som kräver mindre beräkningskraft. Prophesee har en patenterad sensoralgoritm (Metavision) som kan imitera det mänskliga ögat och hjärnan vilket gör att den lämpar sig särskilt väl för autonoma fordonssystem och industriell automation, virtual och augmented reality (AR och VR) samt säkerhetskritiska system. Bolaget finns i Paris, Grenoble, Shanghai, Tokyo och Silicon Valley. De har ett 100-tal ingenjörer och ett 50-tal patent. De ägs av bl a Sony, Intel Capital, Bosch Ventures, Supernova Invest och Europeiska Investeringsbanken, iBionext och 360 Capital Partners. www.prophesee.ai Sensor CortekSensor Cortek utvecklar AI-baserad bildanalys för en rad olika applikationer inom maskininlärning. De är specialister inom mjukvara för inbäddade system inom sensorfusion för produktionsanpassad hårdvara. I deras referenslista ingår högprofilerade industriella projekt inom konstruktion, beräkning, programmering, datamodellering och simulering, test och validering. Sensor Cortek har sin bas i Ottawa, Kanada. www.sensorcortek.ai
- Globe Newswire
Capitalizing on Momentous Growth, Terranet Enters Various Strategic Partnerships as Ultra-Fast VoxelFlow™ Tech Rapidly Develops
Segment Leaders Prophesee and Sensor Cortek Offer Complimentary Solutions Across Segments, Expanding Terranet’s Brand and Speeding up VoxelFlow™ Development Lund, Sweden - April/March XX, 2021 - Terranet AB (Terranet/the Company), (Nasdaq: TERRNT-B.ST), developers of advanced driver-assistance software (ADAS) that specifically addresses safety and comfort through precise, fast, and intelligent sensor technology, today announced strategic partnerships with Prophesee and Sensor Cortek, two dynamic segment leaders. These strategic partnerships present opportunities for all parties to advance their respective technologies, as all operate in complementary industries to Terranet’s lightning quick, 3D perception technology VoxelFlow™. Riding momentum from a recent partnership with Mercedes-Benz and joint collaboration with SXSW winner and Audi-backed startup holoride, this latest round of collaborative efforts further showcases the versatility of VoxelFlow’s™ impressive ADAS technology. These partnerships not only enable Terranet to advance further towards its goal of eliminating vehicle accidents caused by human error, it could potentially expand VoxelFlow’s™ addressable market beyond ADAS. “VoxelFlow’s™ ability to scan an area around the vehicle before delivering data points in mere milliseconds makes it a solution that spans industries, from autonomous vehicles to robotics, and much more,” said Pär-Olof Johannesson, CEO of Terranet. “Already well positioned to bring VoxelFlow™ to market as an ADAS solution that keeps drivers and pedestrians safe, these partnerships will allow Terranet to diversify our technical offering to ensure we’re capitalizing off all its breakthrough solutions.” A solid-state system that combines event-based cameras and continuous sensors, VoxelFlow’s™ partnership with all three companies will serve to advance the product’s development, expand its use cases and shorten the technology’s go-to-market time. Prophesee, Summer Robotics and Sensor Cortek are each unique offerings with different opportunities for collaboration through VoxelFlow™: Prophesee - developers of the world's most advanced event-based vision systems, the two companies will work together to push their technologies forward and promote each other's offerings to future and existing partners. Sensor Cortek - leaders in intelligent perception and data processing technology, both will explore opportunities to work together and provide best-in-class sensor solutions to various industries. Amidst a period of high growth, Terranet will continue to seek out and strategically partner with industry leaders across segments as more begin to realize the impactfulness of VoxelFlow’s™ dynamic solutions. About Terranet Terranet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, Terranet is pioneering breakthrough safety technology for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine and in Stuttgart, Germany. Terranet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST). https://terranet.se/en/ About Prophesee Prophesee is the inventor of the world’s most advanced neuromorphic vision systems. The company developed a breakthrough Event-Based Vision approach to machine vision. This new vision category allows for significant reductions of power, latency and data processing requirements to reveal what was invisible to traditional frame-based sensors until now. Prophesee’s patented Metavision® sensors and algorithms mimic how the human eye and brain work to dramatically improve efficiency in areas such as autonomous vehicles, industrial automation, IoT, security and surveillance, and AR/VR. Prophesee is based in Paris, with local offices in Grenoble, Shanghai, Tokyo and Silicon Valley. The company is driven by a team of more than 100 visionary engineers, holds more than 50 international patents and is backed by leading international investors including Sony, iBionext, 360 Capital Partners, Intel Capital, Robert Bosch Venture Capital, Supernova Invest, and European Investment Bank. https://www.prophesee.ai/ About Sensor Cortek Sensor Cortek develops state-of-the-art AI-based perception systems for all applications. Sensor Cortek creates high performance deep neural networks, and embeds them in specialized processing units for production deployment. The developmental activities include: research, acquisition and annotation of data, data simulation, deep network design, training testing and analysis, embedded systems and sensor fusion. https://sensorcortek.ai/ Marketing Contact Michaela Berglund - CMO michaela.berglund@terranet.se +46 723 388 288 Media Contact Sam Aurilia FischTank PR terranet@fischtankpr.com Prophesee PR Agency: Mike Sottak mike@wiredislandpr.com +1 650 248 9597
