GlobeNewswire by notified

Terranet Unveils State of the Art Showroom in Stuttgart

Share

Auto safety tech company debuts innovative, demo space, creating an interactive experience to showcase its revolutionary technology in the heart of Europe’s auto hub

Lund, Sweden, Nov 9 2021 – Terranet AB (Terranet/the Company), (Nasdaq: TERRNT-B.ST), developers of automotive safety technologies including VoxelFlow™, today announced the opening of its new showroom in Stuttgart, Germany. As Terranet’s first private demo space, the showroom represents a new era of expansion for the rapidly growing tech company. Well on its way to becoming the European leader in automotive safety, its new location in Stuttgart will enhance Terranet’s access to some of the greatest brands and minds in the automotive industry. Terranet is moreover debuting new updates to VoxelFlow™, notably its shift from using three cameras to two. Furthermore, an autocalibration is integrated to the updated VoxelFlow™system to increase its capacity on a moving vehicle. Fully equipped to create an interactive experience, the showroom will enable Terranet to demonstrate these updates and the power of its breakthrough, patented VoxelFlow™ technology to partners, customers and the press.

Terranet’s presence in Stuttgart marks a significant step in cementing the Company as an international industry leader in the automotive safety space. The new location, strategically located in the center of Europe’s auto industry, will set the stage for Terranet to bring its revolutionary VoxelFlow™ technology to the world even faster, allowing the Company to rapidly incorporate feedback from key players in the industry and adjust the technology to fit their unique needs. Coming off the heels of several prominent partnerships with the likes of Mercedes-Benz and the Audi-backed startup holoride, establishing a physical presence in Europe’s automotive hub is the next logical step for Terranet as they begin to wrap up their year of landmark growth.

“We are thrilled to continue expanding our European presence and partnering with other international heavyweights in the industry,” said Nihat Küçük, CTO at Terranet. “Given our existing and upcoming partnerships, a base in Stuttgart was only a matter of time. The new location will allow us to continue developing our VoxelFlow™ technology and address the needs of new partners in real time. With VoxelFlow™ already of interest to several industry leaders, the showroom ensures we can communicate the technology’s progress, momentum and necessity in urban areas, bringing us one step closer to achieving significantly safer roadways.”

As the industry has yet to experience automotive perception technology with the revolutionary capabilities of VoxelFlow™, the interactive experience will prove crucial to demonstrating the tech’s game-changing capabilities. The space’s long hallways allow for the creation of simulated roadways and physical obstacles to create an authentic experience. As guests interact with the tech, monitors will project the modules’ 3D image detection in real time, proving the company’s commitment to safety in the blink of an eye. The room will also be equipped with a fog machine and spotlights to illustrate VoxelFlow’s unique ability to operate in inclement weather and during both daytime and nighttime scenarios. With Terranet’s first-of-its-kind technology, the showroom will create an impressive experience as the company continues to push the boundaries of what was thought possible for automotive vision.

Within walking distance of Terranet partner Mercedes-Benz, the new location will place Terranet in the heart of the city and the automotive capital of Europe. Terranet selected Stuttgart’s historic, 140-year-old “Villa Hammerwerk” building for their base. Seamlessly integrating into the industrial history of the city, this unique location goes beyond a traditional office environment and is noted for its factory-like, industrial design.

As the industry increasingly turns its eyes to roadway safety and autonomous and ADAS vehicles alike, Terranet is excited to stay at the forefront of innovation in the space. With roadway accidents as the eighth leading cause of death globally, the urgency for an international presence is more heightened and necessary than ever. With unprecedented access to industry partners and collaborators, Terranet is truly on its way to a future without roadway fatalities.

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

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 availiable: https://bit.ly/3mflryl

Each presentation will be broadcasted and distributed live digitally. Sign up here: https://bit.ly/3B308UP


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: www.terranet.se/en/. You can now subscribe to Terranet’s newsletter, sign up at: www.terranet.se/en/ir-2/

For more information

Michaela Berglund
Executive VP
michaela.berglund@terranet.com
+ 46 723 388 288

Media Contact
Sam Aurilia
terranet@fischtankpr.com
FischTank PR

Attachment

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

Galapagos increases share capital through subscription right exercises3.12.2021 22:01:00 CET | Press release

Mechelen, Belgium; 3 December 2021, 22.01 CET; regulated information – Galapagos NV (Euronext & NASDAQ: GLPG) announces a share capital increase arising from subscription right exercises. Galapagos issued 22,600 new ordinary shares on 3 December 2021, for a total capital increase (including issuance premium) of €578,700.00. Pursuant to the subscription right exercise program of Galapagos’ management board, members of the management board automatically are committed to exercise a minimum number of subscription rights, subject to certain conditions. In accordance with the rules of this program, one management board member exercised 5,000 subscription rights. In accordance with Belgian transparency legislation1, Galapagos notes that its total share capital currently amounts to €354,582,005.11, the total number of securities conferring voting rights amounts to 65,552,721, which is also the total number of voting rights (the “denominator”), and all securities conferring voting rights and al

Sampo plc’s share buybacks 03/12/20213.12.2021 21:30:00 CET | Press release

SAMPO PLC STOCK EXCHANGE RELEASE 03/12/2021 at 10:30 pm Sampo plc’s share buybacks 03/12/2021 On 03/12/2021 Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI0009003305) as follows: Sampo plc’s share buybacksAggregated daily volume (in number of shares)Daily weighted average price of the purchased shares*Market (MIC Code)23,68743.29AQEU27,42643.28CEUX4,32043.37TQEX72,59243.31XHELTOTAL128,02543.30 *rounded to two decimals On 1 October 2021, Sampo announced a share buyback programme of up to a maximum of EUR 750 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The programme, which started on 4 October 2021, is based on the authorization granted by Sampo's Annual General Meeting on 19 May 2021. After the disclosed transactions, the company owns in total 6,263,553 Sampo A shares representing 1.13 per cent of the total number of shares in Sampo plc. Detail

Projekt Öyfjellet försenat – beräknas färdigställas under första kvartalet 20223.12.2021 21:15:00 CET | Pressemelding

Hässleholm den 3 december 2021 I delårsrapporten för det tredje kvartalet, som offentliggjordes den 18 november 2021, kommunicerade Eolus att det finns risk för försening i färdigställandet av det norska 400 MW projektet Öyfjellet. Baserat på uppdaterad information om byggprocessen beräknar Eolus nu att vindparken färdigställs under det första kvartalet 2022. Per idag, den 3 december 2021, har samtliga 72 turbiner färdigmonterats. 34 turbiner har börjat generera el. Huvudskälen till förseningen är utmanande väderförhållanden, vilket har påverkat installationsarbetet, samt Covid-19 relaterade orsaker som begränsat både resemöjligheterna för personal och lett till leveransförseningar avseende komponenter. Förseningen kommer att ha en negativ påverkan på Eolus projektmarginal. För ytterligare information kontakta: Per Witalisson, VD, telefon +46 (0)70-265 16 15 Johan Hammarqvist, kommunikationschef, telefon +46 (0)720-50 59 11 Kort om Eolus Eolus Vind är en av Nordens ledande projektörer

Project Øyfjellet delayed - new estimated completion in the first quarter of 20223.12.2021 21:15:00 CET | Press release

Hässleholm, Sweden, December 3rd, 2021 In the interim report for the third quarter, released on November 18, 2021, Eolus communicated a risk of delay in the completion of the 400 MW Norwegian wind project Øyfjellet. Based on updated information of the construction progress, Eolus now estimates that the wind farm will be completed during the first quarter of 2022. As of today, December 3, 2021, construction of all 72 turbines have been completed. First electricity production has been achieved by 34 turbines. The main reasons for the delay are challenging weather conditions which has effected the progress of the installations and Covid-19 related issues which has restricted both travel possibilities for personnel and led to delays in delivery of components. The delay is expected to have a negative impact on Eolus’ profit margin for the construction of the project. For further information contact: Per Witalisson, CEO, +46 70-265 16 15 Johan Hammarqvist, Head of Communications, +46 720 50

ING reports outcome of 2021 EU-wide Transparency Exercise and Risk Assessment Report3.12.2021 18:12:26 CET | Press release

ING reports outcome of 2021 EU-wide Transparency Exercise and Risk Assessment Report ING notes the announcements made today by the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the information of the 2021 EU-wide Transparency Exercise and Risk Assessment Report. Background EU‐wide Transparency Exercise The EBA Board of Supervisors approved the package for the EU‐wide Transparency Exercise, which since 2016 is performed on an annual basis and published along with the Risk Assessment Report (RAR). The annual transparency exercise is based solely on regulatory reporting data (COREP/FINREP) on the form and scope to assure a sufficient and appropriate level of information to market participants. The templates were centrally filled in by the EBA and sent afterwards for verification by banks and supervisors. The outcome of the exercise related to ING Group can be found in the annexes on the EBA website. Note for editors For further information on ING, please v

KBC Group: KBC report on the 2021 EBA Transparency Exercise3.12.2021 18:10:00 CET | Press release

Press Release Outside trading hours - Regulated information* Brussels, 3 December 2021 – after trading hours KBC report on the 2021 EBA Transparency Exercise KBC notes the announcements made today by the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the publication of the EU-wide Transparency Exercise. The information of this 2021 EU-wide Transparency Exercise refers to the reported data as of 30 September 2020, 31 December 2020, 31 March 2021 and 30 June 2021. The templates, published on a bank-by-bank basis, are the following: Key MetricsLeverage ratioCapitalRisk exposure amountsP&LTotal Assets: fair value and impairment distributionLiabilitiesMarket RiskCredit RiskGeneral governments exposuresPerforming and Non-Performing ExposuresForborne ExposuresLoans and advances to non-financial corporationsCovid-19 The data collection relies on the standard information reported by the banks to the EBA on a regular basis through the supervisory reporting framewo

Changes in the Board of Directors3.12.2021 17:40:00 CET | Press release

Basel, 3 December 2021 - Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced that at its December meeting the Board of Directors of Roche Holding Ltd has approved first proposals to the Annual General Meeting (AGM) scheduled for 15 March 2022. Mr Paul Bulcke, who has been serving on the Board of Directors since 2011, has decided not to stand for re-election at the AGM in 2022, following almost eleven years of tenure. The Board of Directors proposes Dr Jemilah Mahmood, currently the Special Advisor on Public Health to Malaysia’s prime minister, for election to the Board of Directors at the AGM 2022. “As a member of the Board and of the Audit Committee, Paul Bulcke has made significant contributions to Roche’s success,” said Roche Chairman Christoph Franz. “On behalf of the Board of Directors, I would like to extend our sincere thanks to Paul Bulcke who gave great support to Roche with his enormous leadership experience and his strong entrepreneurial thinking.” Christoph Franz added: “I a