TerraNet AB Signs MoU with Mercedes-Benz AG

Lund, Sweden and Stuttgart, Germany, October 20, 2020 - TerraNet AB (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.

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 https://terranet.se.

Pär-Olof Johannesson, CEO
Tel: +46 70 332 32 62

Rob Kreis
FischTank PR

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, ca@mangold.se.