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Capitalizing on Momentous Growth, Terranet Enters Various Strategic Partnerships as Ultra-Fast VoxelFlow™ Tech Rapidly DevelopsSegment 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 solutin 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™: About Terranet About Prophesee About Sensor Cortek Sensor Cortek develops state-of-the-art AI-based perception systems for all applications. Sensor Cortek creates high performance deep neural networks, and embeds them in specialized processing units for production deployment. The developmental activities include: research, acquisition and annotation of data, data simulation, deep network design, training testing and analysis, embedded systems and sensor fusion. https://sensorcortek.ai/
Media Contact Sam Aurilia FischTank PR [email protected] Prophesee PR Agency: Mike Sottak [email protected] +1 650 248 9597
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