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.