GlobeNewswire by notified

Terranet Holding AB - Interim report 1st of January 2021 – 31st March 2021

Share

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 CMO
michaela.berglund@terranet.se
+46 723 388 288

Pär-Olof Johannesson, CEO
parolof.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

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, 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

https://notified.com

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

Progress on ABN AMRO share buyback programme 22 – 28 March 202429.3.2024 08:00:00 CET | Press release

Progress on ABN AMRO share buyback programme 22 – 28 March 2024 ABN AMRO reports the transaction details related to its EUR 500 million share buyback programme announced on 14 February 2024. During the week of 22 March 2024 up to and including 28 March 2024 a total of 3,000,000 shares and depositary receipts were repurchased at an average price of €15.47 for a total amount of €46,409,760.00. For detailed information on the daily repurchased shares and depositary receipts, individual share purchase transactions and weekly reports, see the ABN AMRO website at https://www.abnamro.com/en/investor-relations/information/share-buyback-programme. To date the total consideration for shares and depositary receipts repurchased amounts to €279,519,000.00 representing 55.9% of the overall share buyback programme. ABN AMRO Press Office pressrelations@nl.abnamro.com +31 20 6288900ABN AMRO Investor Relations investorrelations@nl.abnamro.com +31 20 6282282 This press release is published by ABN AMRO Ba

Public announcement in accordance with article 7:97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind29.3.2024 07:00:00 CET | Press release

Press release Brussels, 29 March 2024 Regulated information – Inside information Public announcement in accordance with article 7:97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind On 20 November 2023, Orange Belgium SA (the “Company”) received notification from Nethys SA (“Nethys”) of its wish to contribute its 25% + 1 shareholding in VOO Holding SA (“VOO”) to the capital of the Company, provided that such contribution results in Nethys holding at least 11% of the Company's share capital (after contribution), pursuant to the provisions of the shareholders' agreement entered into by and between the Company, Atlas Services Belgium SA (“ASB”) and Nethys on 2 June 2023. Nethys can be considered a “related” party to the Company within the meaning of the IAS standards, as it has significant influence over VOO within the meaning of IAS and VOO is part of the group to which the Company belongs. Date and value of the planned t

McWhorter Foundation Combats Nelson Peltz’s Outdated Ideologies and Advocates for Sustainable Inclusivity In Corporate Leadership29.3.2024 06:59:56 CET | Press release

PALM BEACH, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- C.K. McWhorter, chairman of the McWhorter Foundation, voices concerns over outdated perspectives in corporate leadership, exemplified by recent remarks from Nelson Peltz regarding Disney's film direction. After encountering instances of racism and exclusivity on Town of Palm Beach Island (known as home to Jeffrey Epstein, Nelson Peltz and others), McWhorter reflects on the disconnect between elite boardroom discussions and the realities faced by diverse communities. While briefly meeting Nelson Peltz and shaking hands after both departed separate lunches, McWhorter initially respected his insights. However, recent comments made by Peltz suggesting Disney should avoid inclusive films have raised eyebrows and prompted McWhorter to speak out. "It's concerning when influential figures like Peltz advocate against inclusivity in entertainment," McWhorter comments. "The future is in diversity and representation, especially as millennial a

Junshi Biosciences Announces 2023 Full Year Financial Results and Provides Corporate Updates29.3.2024 05:24:27 CET | Press release

SHANGHAI, China, March 29, 2024 (GLOBE NEWSWIRE) -- Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences,” HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial results for the full year of 2023 and provided corporate updates. FINANCIAL HIGHLIGHTS Total revenue was approximately RMB1,503 million during 2023. The revenue from pharmaceutical products increased by approximately 58% compared to 2022. The sales revenue of TUOYI® (toripalimab) was approximately RMB919 million, representing an increase of approximately 25% compared to the previous year.Total research and development (“R&D”) expenses were approximately RMB1,937 million in 2023, representing a decrease of approximately 19% compared to 2022. The decrease in R&D expenses was mainly due to the strategic management of R&D investments in certain early-stage pipelines, while optimizing resource all

Robex Announces Share Consolidation29.3.2024 00:30:00 CET | Press release

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES QUEBEC CITY, March 28, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. ("Robex" or the "Company") (TSXV: RBX) announces today that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company approved by its shareholders on June 29, 2023, on the basis of one (1) post-consolidation common share for ten (10) pre-consolidation common shares (the "Consolidation"), which will take effect on April 1st, 2024 (the "Effective Date"). As a result, the Company's consolidated shares are expected to commence trading on the TSX Venture Exchange a few days after the Effective Date. After the Consolidation, the shares will have a new CUSIP number and a new ISIN number. The Consolidation will reduce the number of issued and outstanding common shares of the Company from approximately 844,054,403 common shares to 84,405,449 common shares upon complet

HiddenA line styled icon from Orion Icon Library.Eye