Lund, Sweden and Stuttgart, Germany, October 20, 2020 -TerraNet AB (TerraNet/the Company), (Nasdaq: TERRNT-B.ST), developers of advanced driver-assist systems and the creators of 3D motion awareness technology, today announced its signed a Memorandum of Understanding (MoU) with leading automotive marque Mercedes-Benz AG.
TerraNet has a strategic focus in active safety and develops software for radio-based solutions, as well as three-dimensional image analysis for advanced driver support and self-driving vehicles (ADAS and AV). TerraNet is headquartered in Lund, Sweden with established sales and marketing agents in the United States and Germany. TerraNet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST),. Learn more at https://terranet.se.
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Pär-Olof Johannesson, CEO
Tel: +46 70 332 32 62
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