Q3 2024 Terranet AB Earnings Call Transcript
Key Points
- Terranet AB (FRA:TE5) successfully demonstrated its autonomous braking system, proving its concept works in real-world testing.
- The company was selected for the Mobility X lab, allowing collaboration with leading automotive companies for proof of concept projects.
- Terranet AB plans to release a Minimum Viable Product (MVP) of its Blink Vision system in 2025, moving closer to market launch.
- The company has a strong history of attracting funding, with a 95% subscription rate in its last warrant program.
- Terranet AB is in discussions with potential partners for volume production agreements, indicating strong market interest.
- The CEO, Magnus Andersson, announced his departure after the new year, which could impact leadership continuity.
- The company is still in the product development phase and requires additional funding to reach cash flow positivity.
- There is uncertainty regarding the disclosure of partners involved in the Mobility X lab collaboration due to confidentiality agreements.
- Testing of Blink Vision in extreme weather conditions is planned for 2025, indicating potential delays in comprehensive product validation.
- Integration of the Blink Vision system into vehicles currently requires manual adjustments, highlighting challenges in standardization.
Hello, everyone and welcome to Terranet webcast. My name is Gustav and I'll be moderating today. We will start off with showing a highlight video that details the past quarter and its performance. Then we'll move on to an interview section and they will finish up with a live Q&A from the audience and you have the potential to ask questions in the box on this website. But without further due, let's go over to the highlight video.
All right. So welcome to the interview section of this Q3 webcast. Joining me today our Terranet CEO Magnus Andersson and CTO Pierre Ekwall Welcome.
So the highlight of this quarter was the autonomous breaking demonstration on a Ekwall. Could you tell us what this achievement means for blink vision and what opportunities it opens moving forward?
Thank you, Gustav. Sure.
Earlier, our system only sent a break request with the actual break even purely theoretical based on what would happen if a coalition was anticipated.
But now for the first time, we have tested
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