Terranet Partners with Leading Automotive Brands for Safety
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Terranet's Involvement in the VERDAS Project
Terranet has been involved in the VERDAS project, which is backed by Vinnova, Sweden's innovation agency. The project has recently officially announced all its participants. AstaZero takes the lead, with partners that include Volvo Car Corporation, Toyota, Zenseact, Aptiv, Trafikverket, Folksam, and IfInsurance among others, highlighting the project's prominence within the automotive sector.
Collaboration for Innovative Solutions
According to CEO Magnus Andersson, the collaboration of these leading automotive players provides a unique opportunity to showcase how Terranet's BlincVision technology can significantly improve traffic safety. The endorsement of such a diverse range of partners emphasizes the importance of innovation in driver assistance systems.
Goals of the VERDAS Project
The VERDAS project, known for its focus on Verification Methods for Robust Driver Assist System Performance, aims to enhance both physical and virtual testing methods for driver assistance systems (ADAS). A key objective is to address a broader array of accident scenarios to enhance the overall effectiveness of these systems in real-world conditions, ultimately aiming to decrease severe injuries and fatalities on roadways.
Focus on Vulnerable Road Users
One significant aspect of VERDAS is its support for the development of verification methods by Euro NCAP (European New Car Assessment Programme) particularly concerning scenarios that involve vulnerable road users. This focus aligns with global efforts to increase safety for all road participants.
Terranet's Commitment to Traffic Safety
Terranet's overarching mission is to save lives in urban traffic situations. The company is dedicated to creating advanced technical solutions for both Autonomous Vehicles (AV) and Advanced Driver Assistance Systems (ADAS). One of their flagship products, the BlincVision anti-collision system, sets a benchmark in the industry, capable of laser scanning and detecting road objects up to ten times faster than existing ADAS technologies.
Company Overview
Headquartered in Lund, with additional offices located in Gothenburg and Stuttgart, Terranet has been making strides in the automotive tech domain since its listing on Nasdaq First North Premier Growth Market (NASDAQ: TERRNT-B) in 2017. The continued development of their technologies positions them at the forefront of safety innovations in the automotive field.
Contact Information for Inquiries
For further inquiries about the project and its implications for traffic safety, individuals can reach out to:
Magnus Andersson, CEO
E-mail: magnus.andersson@terranet.se
Frequently Asked Questions
What is the VERDAS project?
The VERDAS project focuses on developing verification methods for robust Driver Assistance Systems to improve safety on the roads.
Who are the partners involved in the VERDAS project?
The partners include major automotive companies such as Volvo, Toyota, and several others dedicated to advancing vehicle safety technologies.
What technology does Terranet offer for traffic safety?
Terranet’s BlincVision technology is an advanced anti-collision system that enhances detection capabilities for road objects significantly faster than traditional systems.
What is Euro NCAP?
Euro NCAP is an organization that evaluates car safety and promotes safer vehicles through a five-star safety rating system.
How can I contact Terranet for more information?
For inquiries, you can reach out to CEO Magnus Andersson via email at magnus.andersson@terranet.se.
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