TERRNT B TerraNet Holding AB

TerraNet AB Signs MoU with Mercedes-Benz AG

TerraNet AB Signs MoU with Mercedes-Benz AG

Lund, Sweden and Stuttgart, Germany, October 20, 2020 - (TerraNet/the Company), (Nasdaq: TERRNT-B.ST), developers of advanced driver-assist systems and the creators of 3D motion awareness technology, today announced its signed a Memorandum of Understanding (MoU) with leading automotive marque Mercedes-Benz AG.

ABOUT TERRANET

TerraNet has a strategic focus in active safety and develops software for radio-based solutions, as well as three-dimensional image analysis for advanced driver support and self-driving vehicles (ADAS and AV). TerraNet is headquartered in Lund, Sweden with established sales and marketing agents in the United States and Germany. TerraNet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST),. Learn more at .

FOR MORE INFORMATION

Pär-Olof Johannesson, CEO



Tel: 2

MEDIA CONTACT

Rob Kreis



TerraNet Holding AB is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on October 20, 2020 at 08:00 am CET.

Certified Adviser: Mangold Fondkommission AB, 08-503 015 50, .

EN
20/10/2020

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