Terranet AB Proving Ultra Low Latency at STARTUP AUTOBAHN
Terranet to Join Mercedes-Benz in Joint Presentation as Segment Leaders Prepare to Introduce Revolutionary Latency Numbers
Lund, Sweden, July 1, 2021 - Terranet AB (Terranet/the Company), (Nasdaq: TERRNT-B.ST), developers of advanced driver-assist systems and the creators of breakthrough 3D motion awareness technology VoxelFlow™, announced today that it will be showcasing breakthrough developments to its ultra fast VoxelFlow™ sensor technology at STARTUP AUTOBAHN on July 21, 2021 in Stuttgart, Germany. Straight off the heels of its first appearance at STARTUP AUTOBAHN in February 2021, Terranet will once again join Mercedes-Benz in a joint physical presentation to expand upon previous developments in latency speed and data processing ability. This time through an integration of VoxelFlow’s™ lightning-fast 3D sensor technology in a Maybach, the prestigious vehicle by Mercedes-Benz.
STARTUP AUTOBAHN, powered by Plug and Play and sponsored by Daimler and the University of Stuttgart, is an open-innovation platform that provides an interface between innovative tech companies and industry-leading corporations. At the semi-virtual event on July 21, 2021, Terranet will highlight significant progress to address latency and provide an update to VoxelFlow’s™ integration with LiveMap. While existing systems struggle to differentiate between living and lifeless objects fast enough, together, VoxelFlow™ and LiveMap will be able to dynamically perceive moving objects, differentiate between living and lifeless objects, and subsequently recognize events and hazard spots.
At the February STARTUP AUTOBAHN event, VoxelFlow™ showed the potential to scan an area of up to 40 meters and feed the 3D sensor data into LiveMap, improving the navigation experience while making roads safer. VoxelFlow™ showed that it is able to operate at extremely low latency, responding to sensor data much faster than today’s ADAS systems that take 300 milliseconds. It's expected to build upon that speed at this Summer’s event.
“As we continue on this path of significant growth, it’s a great pleasure to work with the innovative and like-minded individuals at Mercedes-Benz, who are committed to making our roads safer through ADAS technology like VoxelFlow™,” said Pär-Olof Johannesson, CEO of Terranet. “VoxelFlow™ is advancing rapidly, and our ambition is that it will soon be the fastest sensor technology used, built with the sole purpose of eliminating roadway accidents. The breakthrough we’re getting ready to announce will only provide further validation of our impressive technology.”
The upcoming STARTUP AUTOBAHN advancements is the latest in a series of impressive news announcements from Terranet and another example of successful collaboration between the tech company and Mercedes-Benz. In June, Terranet announced it was adding Nihat Küçük as CTO and SVP of Product Management. Additionally, as Terranet works to expand its addressable market, it recently announced a first-of-its kind partnership with SXSW winner holoride while also leading the hot startup’s Series A round.
To attend STARTUP AUTOBAHN, visit:https://expo10.pnptc.events/open/
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; Stuttgart, Germany and Los Gatos, California. Terranet AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST).
About STARTUP AUTOBAHN powered by Plug and Play
STARTUP AUTOBAHN powered by Plug and Play is an open innovation platform that provides an interface between innovative tech companies and industry-leading corporations. The basis of the program is the partnership that develops between startups and the corporate business units. The two entities hold an equal footing from the get-go: together they evaluate the potential for a joint venture, move forward to pilot the technology, and work to achieve the ultimate goal – a successful production-ready implementation. Designed with the intention to exceed startup acceleration, STARTUP AUTOBAHN powered by Plug and Play moderates a community for collaboration with a focus on implementable results.
For more information please contact:
Marketing Contact
Michaela Berglund – VP Marketing
michaela.berglund@terranet.se
+46 723 388 288
Media Contact
Sam Aurilia
FischTank PR
terranet@fischtankpr.com
Appointed Certified Adviser to Terranet AB is Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire
GlobeNewswireGlobeNewswire 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
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Sinch AB (publ): Sale of warrants from long term incentive program in Sinch AB (publ)29.7.2021 18:15:00 CEST | Press release
Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announces that the company’s CEO, and other persons discharging managerial responsibilities, have divested warrants related to the long term incentive program LTI 2018. The LTI 2018 incentive program was adopted by the AGM on 18 May 2018 and consists of six different series. Series 1-3 consists of warrants for which Sinch AB received an upfront, cash payment from each program participant. Series 4-6 consists of employee stock options which employees are awarded over time, and where no monetary consideration is paid to Sinch. Each warrant and stock option allows the holder to acquire 10 shares in Sinch. The warrants and stock options have a duration of three to five years, with exercise periods in 2021, 2022 and 2023. In accordance with the European Market Abuse Regulation (MAR), transactions by CEO Oscar Werner and other persons discharging ma
Sinch AB (publ): Försäljning av teckningsoptioner från incitamentsprogram i Sinch AB (publ)29.7.2021 18:15:00 CEST | Pressemelding
Pressmeddelande Stockholm, Sverige – Sinch AB (publ) – XSTO: SINCH Sinch AB (publ), en ledande global leverantör av molntjänster för kundinteraktion via mobilen, meddelar idag att vd och andra ledande befattningshavare har sålt teckningsoptioner i Sinch kopplat till incitamentsprogrammet LTI 2018. Incitamentsprogrammet LTI 2018 beslutades av bolagsstämman i Sinch den 18 maj 2018 och består av sex olika serier. Serie 1-3 består av teckningsoptioner som Sinch AB överlåtit till anställda mot kontant ersättning. Serie 4-6 består av personaloptioner som anställda erhåller över tid som löneförmån. Varje option ger rätt att teckna tio aktier. Optionerna löper över tre till fem år med förfall 2021, 2022 och 2023. I enlighet med den europeiska marknadsmissbruksförordningen (MAR) har transaktioner för vd Oscar Werner och övriga ledande befattningshavare registrerats i Finansinspektionens insynsregister. Dessa transaktioner gäller försäljning av teckningsoptioner i serie 1. För vd Oscar Werner ra
FLSmidth to acquire thyssenkrupp’s Mining business – creating a global industry leader in mining technology29.7.2021 12:39:04 CEST | Press release
Company Announcement No. 7 2021 FLSmidth and thyssenkrupp Industrial Solutions AG (a fully owned subsidiary of thyssenkrupp AG, "thyssenkrupp") have reached an agreement that FLSmidth will acquire thyssenkrupp’s Mining business1 (TK Mining) for a total consideration (enterprise value) of EUR 325 million, corresponding to approximately DKK 2.4 billion. Closing of the transaction is expected in H2 2022 and is subject to customary approvals from relevant authorities. TK Mining is a leading full-line supplier of solutions for mining systems, material handling, mineral processing and services, which is highly complementary to FLSmidth’s offering. TK Mining has an asset light business model and is present in 24 countries with engineering and global service centres, and has close to 3,400 employees. In 20202, revenue was EUR 780 million (approximately DKK 5.8 billion) with around one-third deriving from services. The business delivered a high single-digit negative EBIT margin and is expected
Millicom to repurchase own shares29.7.2021 12:02:00 CEST | Press release
Millicom to repurchase own shares Luxembourg, July 29, 2021 – On May 4, 2021, the Annual General Meeting of Shareholders (“AGM”) of Millicom resolved to authorize (the “Authorization”) the Board of Directors of Millicom (the “Board”) to adopt a share repurchase plan. Based on the Authorization, the Board has decided to initiate a repurchase program comprising not more than 5,000,000 Swedish Depository Receipts representing the Company’s ordinary shares (“SDRs”). The purposes of the share repurchase plan may include: reduction of Millicom's share capital; meeting obligations for Board remuneration; and/or meeting obligations under Millicom’s share-based incentive plans or other compensation programs. The repurchase program will be implemented in accordance with the Authorization, the Nasdaq Nordic Main Market Rulebook for Issuers of Shares (“Nasdaq Rulebook”), and applicable law including the Luxembourg law of 10 August 1915 on commercial companies, as amended, and the EU Market Abuse R
Fobi Wallet Pass For Ticketing And Global Fan Engagement Powers bdG Sports “Baha Mar Hoops” Tournament Featuring 19 NCAA Men’s And Women’s Basketball Teams, Including US Thanksgiving Nationally Televised Events29.7.2021 12:00:00 CEST | Press release
After multiple event successes with bdG Sports, Fobi is now adding ticketing and admissions capabilities to live and digital fan engagement to deliver a comprehensive solution for the “largest early season event in all of college basketball” at Baha Mar Hoops in The Bahamas VANCOUVER, British Columbia., July 29, 2021 (GLOBE NEWSWIRE) -- Fobi AI Inc. (formerly Loop Insights Inc.) (TSXV: FOBI) (OTCQB: FOBIF) (the "Company" or "Fobi"), is pleased to announce it will once again be supporting bdG Sports for college basketball’s largest early season event. The invite-only global event at Baha Mar Convention Center in Nassau, The Bahamas will take place from November 22-27, 2021 and will use Fobi’s Wallet Pass platform for ticketing, admission, and fan engagement both live and at home. Fobi will earn significant revenue from this event through the event license, ticket fees and fan activations both live and at home, including nationally televised and digital audiences across the United States
Building momentum and delivering results29.7.2021 12:00:00 CEST | Press release
Building momentum and delivering results Luxembourg, July29, 2021– Millicom is pleased to announce its second quarter 2021 results. Please find below links to the Q2 2021 Earnings Release and H1 2021 Interim Condensed Consolidated Financial Statements. Millicom Chief Executive Officer Mauricio Ramos commented: "We had an outstanding Q2. We built on our robust Q1 performance and delivered double-digit growth in both service revenue and EBITDA. In Colombia, we now have the best mobile network, and we capitalized on this in Q2 by leading the market in portability and by adding a record number of new postpaid customers. Our rapid customer and revenue growth is a direct result of our unwavering commitment to delivering the best customer experience, including network quality and reliability. With that in mind, and considering our healthy cash flow generation, we have accelerated investments that we expect will help us drive faster growth in all our businesses going forward. In light of our s
Summary of AB Klaipedos nafta webinar29.7.2021 11:30:00 CEST | Press release
On the 29th July 2021, AB Klaipedos nafta (KN) held an investor conference webinar where KN Chief Executive Officer Darius Šilenskis and acting Chief Financial Officer Indrė Kisielienė commented Company’s financial results for the six months of 2021. Webinar recording is available online at: https://youtu.be/BmHfUpOVmEM The presentation demonstrated during the webinar is attached to this announcement. Indrė Kisielienė, Acting Chief Financial Officer, +370 686 16276 Attachment KN_activity results for_2021_Q2