Lightning-Fast Sensor Technology Opens Doors to New Business
Swedish company Terranet has taken a crucial step towards commercialization with its innovative sensor technology. With a test version now in the hands of external partners, the company aims to attract interest from investors and the automotive industry – and, in the long term, even entirely new sectors.
Terranet, listed on Nasdaq First North, has developed the BlincVision anti-collision system. It’s based on sensor technology that combines laser scanners, event cameras, and AI-based software to detect movements and obstacles in milliseconds. The technology is primarily designed to enhance safety in urban traffic, where quick decisions are critical to avoiding accidents.
“In urban environments, a lot happens simultaneously and often within very short timeframes. BlincVision is developed to handle precisely that complexity and detect movements in milliseconds. The demands on safety are also increasing as more and more vehicles gain more advanced autonomous functions,” says Pierre Ekwall, CTO at Terranet.
According to the WHO, approximately 1.19 million people die in traffic accidents each year, and another 20–50 million are injured. Traffic accidents are considered one of the world’s largest global public health problems, costing the world billions of USD annually.
The event cameras in BlincVision function more like the human eye than a traditional camera – they react to changes in the environment instead of analyzing entire images. Therefore, the system can react up to ten times faster than today’s anti-collision systems, which is crucial in safety-critical situations.
MVP Being Tested by External Partners
The company has now launched an initial test version, a so-called MVP (Minimum Viable Product), which is used in external evaluations. The purpose is for potential customers and partners to confirm the technology’s performance themselves.
“The reactions from our collaboration partners have been very positive. They have been impressed by the system’s speed and efficiency. We have received several suggestions for areas of use beyond traditional driver support systems,” says Pierre Ekwall.
The system is easy to install and will be tested in several different industries and application areas, even outside the automotive industry. Terranet already sees potential in defense, industry, and agriculture – environments where quick decisions are crucial.
Challenges and Opportunities
Developing such fast and advanced sensor technology has been a challenge.
“This hasn’t been done before. There is no easy answer – the development has required a combination of research, concept development, and product development,” says Pierre Ekwall.
But this is also what makes Terranet interesting for the market. The company is in a phase where the technology is now being tested by external actors and where commercialization is gaining momentum as the evaluations are successful.
During 2026, the focus will be on business development and continuing with ongoing evaluations with external partners. Terranet will also target more areas where the technology creates value and strengthens the commercial potential. The goal is to take the next step towards long-term partnership and commercialization.
Key Takeaways:
- Terranet’s BlincVision technology offers significantly faster reaction times compared to existing anti-collision systems.
- The technology has potential applications beyond the automotive industry, including defense, industry, and agriculture.
- External partners are currently evaluating the MVP, with positive feedback received so far.
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