Terranet Adjusts Q1 Report Release Timeline for 2025
Important Update on Terranet's Q1 Report Release
The Board of Directors at Terranet has made a significant decision regarding the timing of its interim report for the first quarter of 2025, now set for publication on May 19, 2025.
Reasons Behind the Postponement
This change in schedule is primarily due to delays associated with the company’s ongoing capital raising efforts, which include a directed share issue combined with a rights issue. These activities are crucial to assure the liquidity of Terranet for the upcoming year.
The Capital Raising Initiative
An announcement regarding this capital raise was made previously, highlighting its importance for sustaining operations in 2025. The initial report was expected to be released on May 8, 2025, but has now shifted to accommodate the complexities involved.
Company Overview: Terranet AB
Terranet AB is an innovative player in the automotive technology sector, with a strong commitment to safety in urban traffic environments. The company's cutting-edge solutions focus on Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV).
Innovative Safety Solutions
One of the standout products developed by Terranet is BlincVision, an anti-collision system that utilizes laser scanning technology to identify road objects at an impressive speed—up to ten times faster than existing ADAS technologies. This advancement underscores Terranet's dedication to enhancing road safety.
Company Contact Information
If you have any questions or require further details, please reach out to:
Lars Lindell, VD
Email: lars.lindell@terranet.se
Terranet's Corporate Presence
The company operates from its headquarters in Lund and has additional offices in Gothenburg and Stuttgart. Since its listing on Nasdaq First North Premier Growth Market, under the ticker Stockholm:TERRNT B, Terranet has been poised for growth and innovation within the market. Follow the company’s journey and developments at www.terranet.se.
Frequently Asked Questions
What is the new date for Terranet's Q1 report?
The new date for the release of Terranet's Q1 report is set for May 19, 2025.
Why was the report date postponed?
The postponement is due to delays from ongoing capital raising efforts necessary to secure liquidity for the company.
What are the key products of Terranet?
Terranet focuses on Advanced Driver Assistance Systems and Autonomous Vehicles, with the BlincVision anti-collision system being one of its notable products.
Where is Terranet headquartered?
Terranet is headquartered in Lund and also has offices in Gothenburg and Stuttgart.
What stock market is Terranet listed on?
Terranet is listed on Nasdaq First North Premier Growth Market under the ticker Stockholm:TERRNT B.
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