Terranet AB (TERRNT_B) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to Ternet's Q3 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 then we'll finish out 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 ado, let's go over to the highlight video. All right, so welcome to the interview section of this Q3 webcast. Joining me today are Terranet's CEO, Magnus Andersson, and CTO, Pierre Ekvall. Welcome. So the highlight of this quarter was the autonomous braking demonstration on a vehicle. Pierre, could you tell us what this achievement means for BlinkVision and what opportunities it opens moving forward? Thank you, Gustav. Sure. Earlier, our system only sent a break request with the actual break EV purely theoretical, based on what would happen if a collision was anticipated. But now, for the first time, we have tested the entire system, from identifying an object, classifying the object type, calculating velocity, and finally deciding to initiate emergency braking to bring the vehicle to a stop. This proves that the whole system works as intended. And as you might know, there's always a risk that things won't work when moving from theory to real world testing. But these tests shows that our concept works exactly as intended. It's a major step forward that takes BlinkVision to a new level of market readiness. All right. Thank you, Pierre. So in June, the announcement came that you were selected for Mobility X Lab. And for those of you who don't know, it's a program that offers startups and the chance to collaborate with leading automotive companies and conduct proof of concept projec...