GlobeNewswire by notified

Terranet AB - Interim report 1 January 2021 – 30 September 2021


Third quarter

1 July – 30 September 2021
Revenue amounted to SEK 616 thousand (0)
Operating profit/loss amounted to SEK -6,616 thousand (-6,681)
Net profit/loss for the period amounted to SEK -7,637 thousand (-7,342)
Cash flow from operating activities amounted to SEK -8,681 thousand (-5,216) The group’s cash and cash equivalents amounted to SEK 73,012 thousand (20 717) Diluted and undiluted earnings per share amounted to SEK -0.03 (-0.05)
During the quarter, proceeds from the issue amounting to MSEK 37.9 million were received upon exercise of warrants for the subscription of shares.

Interim Report

1 January – 30 September 2021

• Revenue amounted to SEK 1,208 thousand (715)
• Operating profit/loss amounted to SEK -24,998 thousand (-22,236)
• Net profit/loss for the period amounted to SEK -27,112 thousand (-25,358)
• Cash flow from operating activities amounted to SEK -32,007 thousand (-23,382) • Diluted and undiluted earnings per share amounted to SEK -0.11 (-0.23)
• In Q1, proceeds from the issue amounting to MSEK 36.4 million were received upon exercise of warrants for the subscription of shares.
• An investment of MSEK 32.4 was made in holoride and loans were taken to fund the investment in the second quarter

Comments from the CEO

The third quarter kicks off in the middle of the summer months, and this has been an exceptionally intense period for Terranet during this second year of the pandemic. Significant events during the period include the recruitment of Nihat Kücük (previously Head of Navigation at Daimler), who stepped in as the new CTO at the end of June. Nihat will lead the transition from a technology-driven organisation towards a more outward-looking product unit with a focus on new customer-tailored functionalities and applications in the area of active safety that can be distributed on a volume market as early as 2022.

At the beginning of July, the company delivered and invoiced the purchase order that Mercedes-Benz placed at the beginning of the year at the Startup Autobahn event.

For the second time this year, Terranet was hand-picked by Mercedes-Benz to participate at the Startup Autobahn at the end of July. Terranet was nominated and won the award for best presentation. Terranet demonstrated its technology in a specially adapted garage environment in Stuttgart, where the Daimler Group’s COO Markus Schäfer was in attendance. The demo showcased the next iteration of the object detection software, VoxelFlow in a Mercedes-Benz Maybach (S-Class Sedan). In preparation for the event, stringent field tests and functional testing were carried out throughout the early summer on the motorway in Ljungbyhed in Skåne (formerly F5), with a test rig that included the laser scanner and event cameras.

The company has entered into an important change process, including restructuring and new recruitment, which will shift operations towards a more product- and customer-centric organisational structure. The company has also opened a new office in Obertürkheim in Stuttgart, which offers larger, more suitable premises in the heart of the European automotive industry. The office features a permanent VoxelFlow showroom (product exhibition), which will be ready for customer presentations starting in November.

In August, Terranet received a suborder of MSEK 1.6 from holoride. The project aims to build a common product and user interface for VoxelFlow with augmented reality and in-car entertainment. The project focuses in particular on how data and safety-critical information generated by VoxelFlow can be reused by holoride. The deal is part of the partnership solidified earlier this year, whereby Terranet, as lead investor, partnered with Audi to invest MEUR 3.2 in holoride (corresponding to an ownership interest of approximately 11%).

During the period, the company saw yet another standard-breaking method patent published for its VoxelFlow technology, which is now capable of higher precision and image resolution in object detection and collision warning. Terranet has reached a couple of important milestones during the period. First, we have achieved the integrated auto-calibration of VoxelFlow, and second, the form factor has been scaled down, as the hardware has been reduced from three cameras to two.

In the fourth quarter, Terranet announced a new cooperation agreement with NEVS (New Electricity Vehicle of Sweden). Terranet has long been in communication with NEVS (formerly Saab Automobile in Trollhättan), a company that develops

electric cars and self-driving vehicles. The cooperation agreement concerns the joint marketing of full self-driving systems to major global customers in the mobility sector, public transport, controlled test environments and amusement parks. Holoride is also included in the agreement with the aim of marketing a complete solution with a focus on vehicle safety and the user experience for passengers in autonomous vehicles.

The company is entering a period ripe with opportunity in a segment that is characterised by strong growth. In the quarters and years ahead, the company will focus on intensifying its efforts to demo its VoxelFlow technology for market leaders in the automotive industry as well as the design and distribution of its first product in micro-mobility.

On 6 December, Terranet will hold a physical and digital capital market day at Gamla Posthuset in Stockholm together with Mangold Fondkommission, which offers financial services to companies, institutions, and private individuals. Most of our closest partners will be in attendance. I wish to sincerely thank all of our partners and collaborative partners for their continued trust in Terranet.

Pär-Olof Johannesson

CEO Terranet

 Find full report here:

Capital Markets Day
On the 6th of December Terranet welcomes you to an exclusive day where you will be exposed to some of the avant garde brains in the Terranet ecosystem and the global automotive industry. Monday December 6th at 10:00 am to 02:00 pm. Address to: 7A Posthuset, Vasagatan 28, 111 20 Stockholm Sweden

Please ensure you reserve your seat for the event in Stockholm here, only limited seats available:

Each presentation will be broadcasted and distributed live digitally. Sign up here:

About Terranet
Terranet AB (Nasdaq: TERRNT-B). With a vision to save lives Terranet designs and develops a new class for vision-based sensor systems, used for road safety. It markets and delivers a software stack with features available across vehicle platforms and car models. The technology was handpicked and showcased twice at Startup Autobahn in 2021. The company is located in Lund and Stuttgart. Terranet AB (publ) is listed on the Nasdaq First North Premier Growth Market. Discover more about Terranet: You can now subscribe to Terranet’s newsletter, sign up at:

For more information:
Michaela Berglund
Executive VP

+ 46 703 370 346

This information is such that Terranet 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 November 19, 2021 at 8.00 am CET.

Certified Adviser: Mangold Fondkommission AB, 08-503 015 50,


To view this piece of content from, please give your consent at the top of this page.
To view this piece of content from, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

AMG Advanced Metallurgical Group N.V. Completes Issuance of $550 Million of Credit Facilities30.11.2021 22:00:00 CET | Press release

Amsterdam, 30November 2021--- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that it has entered into a new $350 million 7-year senior secured term loan B facility ("term loan") and a $200 million 5-year senior secured revolving credit facility ("revolver"). The total facility amount of $550 million replaces AMG’s existing credit facility and extends our term loan maturity from 2025 to 2028 and revolver maturity from 2023 to 2025. AMG will use the proceeds of the new term loan to refinance its existing credit facility. Further strengthening AMG’s commitment to Environmental, Social and Governance ("ESG"), we have embedded annual CO2 intensity reduction targets into the Revolving Credit Facility, making it a Sustainability Linked Loan. Moody's Investors Service ("Moody's") assigned a Ba3 rating to the new senior secured credit facility, affirmed our B2 corporate family rating and changed their outlook to positive from stable. S&P Global R

EPH European Property Holdings Limited (EPH) announces Third Quarter 2021 Financial Update30.11.2021 19:00:00 CET | Press release

30November 2021, Road Town, Tortola, BVI I Ad hoc announcement pursuant to Art. 53 LR In Q3 2021, there were no significant changes in the Company’s financial position and/or structure of its balance sheet in comparison to the published semi-annual report, given that fair value of investment properties was not revaluated as of 30 September 2021. In Q3 2021, the Company demonstrated stable performance compared to the last year. The rental properties continued generating sufficient cash to cover the Company’s operating expenses, service the debt and partially finance its investment program. The net rental income (NRI) increased from US$45.33 mln in the first 9 months of 2020 to US$ 49.38 mln for 9 months of 2021. Thereof, European properties acquired during 2020 generated a total NRI of US$ 7.48 mln (9 months of 2020: US$ 2.67 mln). The performance of the other European properties, as well as Russian properties remained almost unchanged as compared to the same period of 2020.During Q3 20


NEXTENSA NV/SA: SHARES – VOTING RIGHTS AND DENOMINATOR PUBLICATION IN COMPLIANCE WITH ART. 15 OF THE LAW OF 2 MAY 2007 (THE TRANSPARENCY ACT) As previously announced1, the EGM of 19 July 2021 introduced the double voting right (loyalty voting right), in accordance with article 7:53 of the Code of Companies and Associations. This means, in accordance with article 28 of the articles of association, that double voting rights are granted to each fully paid-up share that has been continuously registered in the share register in the name of the same shareholder for at least two years. The other shares give right to one vote. The two-year period starts from the date of registration of the nominative shares in the share register. In compliance with article 15 of the aforementioned Transparency Act, every month the Company must publish, on its website and by means of a press release, the total capital, the changes to the total number of voting securities and the total number of voting rights, i

Change in the number of shares and votes in Sinch AB (publ)30.11.2021 17:35:00 CET | Press release

Stockholm, Sweden – November 30, 2021 – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announced that the number of shares and votes in Sinch AB (publ), registration number 556882-8908 (“Sinch”), amounts to 747,480,901 on November 30, 2021. The change in the number of shares and votes in November is a result of the issue of totally 1,317,537 new shares in connection with the closing of the acquisitions of MessageMedia and MessengerPeople, as previously communicated. For further information, please contact Ola Elmeland Investor Relations Director Mobile: +46 721 43 34 59 E-mail: Thomas Heath Chief Strategy Officer & Head of Investor Relations Mobile: +46 722 45 50 55 E-mail: About Sinch Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile m

Ändring av antalet aktier och röster i Sinch AB (publ)30.11.2021 17:35:00 CET | Pressemelding

Stockholm, Sverige – 30 november 2021 – Sinch AB (publ), en ledande global leverantör av molntjänster för kundinteraktion via mobilen, meddelade idag att antalet aktier och röster i Sinch AB (publ), 556882–8908 (”Sinch”), uppgår till 747 480 901 den 30 november 2021. Förändringen av antal aktier och röster under november har föranletts av att totalt 1 317 537 nya aktier har emitterats i samband med slutförandet av förvärven av MessageMedia och MessengerPeople, som tidigare har kommunicerats. För mer information, vänligen kontakta Ola Elmeland Investor Relations Director Mobile: +46 721 43 34 59 E-mail: Thomas Heath Chief Strategy Officer & Head of Investor Relations Mobile: +46 722 45 50 55 E-mail: Om Sinch Sinch utvecklar digitala verktyg som möjliggör en personlig interaktion mellan företag och individer. Med Sinch molnbaserade kommunikationsplattform kan företag nå världens alla mobiltelefoner – inom en eller ett par sekunder – via medd

GivingTuesday: NOVA Chemicals Expands Total COVID-19 Relief to US$1.25M with Additional Gifts30.11.2021 16:40:00 CET | Press release

Programs supporting mental health, food security, and overall community resiliency receive funding through corporate giving campaign Calgary, Alberta, Canada , Nov. 30, 2021 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation, 1000 Seventh Avenue S.W., Calgary, Alberta, Canada T2P 5L5 | 403.750.3600 tel | 403.269.7410 fax NOVA Chemicals Corporation (“NOVA Chemicals”) today announced an additional US$600,000 commitment in COVID-19-related supports across our operational regions, bringing the total amount given for pandemic relief to US$1.25M, as part of efforts to meaningfully give back to our neighbors and their communities. “While we continue to see positive momentum toward a world with higher vaccination rates and fewer restrictions, the impacts felt by the pandemic will unfortunately have lasting effects,” said Mona Jasinski, SVP HR and Communications, NOVA Chemicals. “I am proud of NOVA’s commitment to ensuring there is food on the table for tens of thousands of pe


Westpay has today signed an agreement with Kicks regarding payment solutions in Sweden, Norway, and Finland. The solution enables card payments as well as Swish, Vipps, Mobile Pay, and other alternative payment methods. The value of the initial order amounts close to SEK 4 million during the coming three years. - Kicks is a solid and well-known brand in the Nordics. The customer experience is a key element in their success. Westpay and our solutions enable all the features and solutions they need to level up their overall offering. They made an accurate and relevant assessment and knew that their payment solution was required to support them in their ongoing business today as well as tomorrow. Now, they have a future-proof solution that they can rely on in their future journey, says Hans Edin, CCO at Westpay. KICKS is the Nordic region's leading beauty chain and offers a holistic concept in makeup, fragrance, skin care and hair care. With experts in 250 stores in Sweden, Norway and Fin