From GlobeNewswire: 2025-02-19 02:30:00

Terranet had significant events in the fourth quarter, including a partnership with a mining industry vehicle actor and a product development plan for 2025. The company raised SEK 17.2 million through the exercise of series TO8B warrants. After the quarter, a new CEO was appointed. Financially, there was a decrease in revenue and operating results compared to the same period in 2023. The CEO commented on the progress made during the quarter, stating that the company is laying the foundation for 2025 with new partnerships and product development advancements.

BlincVision expanded into the mining industry, testing its technology in new environments. The company continues to innovate and develop its product for future applications. The CEO expressed confidence in the progress made and the opportunities ahead. The company also announced the appointment of a new CEO with experience in the automotive and telecom sectors. Terranet is focused on advancing its technology and expanding its reach in the market.



Read more at GlobeNewswire: Terranet AB – Year-end report 2024