Terranet AB (publ) announced that the Company has received positive results from the previously communicated prototype tests performed in the lab during the first quarter. The data generated validates the technology and enables the company to initiate in-car tests in the near future and continue the development of BlincVision. During the tests, relevant measurements have been carried out on an ongoing basis in areas such as latency, object identification, object classification, light conditions and eye safety, which have been successfully carried out and have generated important data for continued product development.

The main purpose was to validate the functionality and capacity of the system in a controlled environment. Particularly satisfying was verifying unique and fast reaction time as well as a confirmation that the system works in different lighting conditions. In parallel with the initiation of the prototype tests in the car, the development of BlincVision's performance and precision is now continuing.

Through this prototype test in the lab, the Company has obtained crucial data that will now be translated into relevant specifications which Terranet now can discuss in detail with potential partners for the first time. This is an important and significant milestone in the commercialization of the technology, which is the basis for forging attractive partnerships.