Terranet's Technology Development Progress Report
Recently, Terranet has shared updates with stakeholders regarding its advancements in technology during the second quarter. The company has begun the initial integration of its system into a vehicle, which will lead to an expanded testing phase that will be reported back to the market. The analyses confirm that the ongoing development of the technology is on track with the planned milestones.
Key Technical Advancements
The second quarter has seen notable progress, especially with the integration of Terranet’s system into the vehicle’s communication platform. Other achievements include assessing the best placement for hardware components, enhancements in the AI model, and improvements in motion compensation techniques.
Extended Tests and Integration
To validate the advancements made in recent months, extensive testing was conducted over the summer. A significant milestone was the successful integration of BlincVision with the NVIDIA Orin computer platform. This integration is a crucial development for clients in the automotive industry, signaling that Terranet is on a path to enhance system performance through further optimizations.
Innovative Sensor Placement
The testing process has involved experimenting with different placements for event cameras. By moving from roof-mounted cameras to positioning them behind the windshield, Terranet aims to improve weather protection while simplifying vehicle integration. This adjustment has not compromised detection capabilities; however, the quality of the glass remains a vital consideration. To optimize sensor performance, modifications in the area in front of the sensor will be necessary to enhance the passthrough of the laser’s infrared wavelength, a common adjustment typically made in partnership with vehicle manufacturers.
Importance of Motion Compensation
The initial integration marked a shift of the system into dynamic testing environments, which is essential for Advanced Driver Assistance Systems (ADAS) applications. Motion compensation is crucial for enabling sensors and cameras to accurately interpret their surroundings, even when the vehicle is in motion. Testing was performed at various speeds, following EuroNCAP scenarios that simulate situations such as a person crossing a lane or appearing from hidden areas.
Data Collection for Optimization
The unique combination of event cameras and AI models necessitates extensive data collection from diverse traffic environments and scenarios. This comprehensive collection is vital for refining the system to handle various traffic conditions. Observations from the tests indicate that the model can be further fine-tuned through rigorous training across different scenarios involving multiple objects.
Future Evaluations and Software Optimizations
Terranet is dedicated to ongoing evaluations in both laboratory settings and field tests to ensure optimal performance under various environmental conditions. Pierre Ekwall, CTO at Terranet, stated, "The result analysis confirms that the development process is on track and shows significant progress. With the launch of the MobilityXlab accelerator program, we find ourselves in a unique position to conduct Proof of Concept projects alongside automotive partners. This collaboration will not only validate our technology but also enhance its commercial viability. In the coming months, we will prioritize additional software optimizations and the creation of complex traffic scenarios for system evaluation. The next milestone is the execution of fully automated braking initiated by BlincVision, marking a pivotal point in our development journey."
Contact Information
If you have any questions or need further information, please contact:
Magnus Andersson, CEO
E-mail: magnus.andersson@terranet.se
About Terranet AB
Terranet’s mission is to improve urban traffic safety through innovative technical solutions designed for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Their cutting-edge anti-collision system, BlincVision, is capable of laser scanning and detecting road objects up to ten times faster than existing ADAS technologies.
Terranet operates from its headquarters in Lund and has additional offices in Gothenburg and Stuttgart. The company has been publicly traded since 2017 on the Nasdaq First North Premier Growth Market under the ticker symbol Stockholm:TERRNT B.
Frequently Asked Questions
What progress has Terranet made recently?
Terranet has confirmed that its technology development is on track, with significant integration steps taken during the second quarter.
What is BlincVision?
BlincVision is Terranet’s anti-collision system that utilizes advanced laser scanning to detect road objects efficiently.
How is Terranet testing its technology?
Testing is conducted in dynamic environments and involves extensive data collection to optimize the AI model and sensor integration.
What are the future goals for Terranet?
Terranet aims to execute fully automated braking and validate its technology through collaborative Proof of Concept projects.
Where can more information on Terranet be found?
More information is available on Terranet’s official website and through its contact details provided above.
