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TerraNet

Proximal solutions, multiple applications

Initiation | Technology | 30 May 2017

TerraNet is a proximity networking software company with initiatives across a number of key applications including software for contextual awareness in mobile phones, connected car technology, audio headsets, IoT, multimedia video streaming, mHealth and the trading of surplus data capacity between smartphones. The company has attracted leading global firms to its propositions including Qualcomm, Autoliv, 3M Peltor, Saab and now IBM. Successful execution across any one of these applications should drive strong growth, but as the company's products are still very early stage, investment is high risk.

TerraNet

Orders in industrial IoT/Qualcomm delays

Update | Technology | 18 Oct 2017

TerraNet shares have performed strongly since the IPO, supported by a steady stream of new customer announcements and solid progress with our milestone targets. These included completing V2V and IoT software development kits as well as winning a pilot of its GriDD mobile data sharing app with Orange. TerraNet is also meeting leading Chinese mobile point of sale (mPoS) firms to promote a prospective new line in offline mPoS in the Chinese market. It is worth nothing, however, that delays in software releases by third parties have held up the roll-out of proximal connectivity services in China, putting back take-up of TerraNet’s software. This together with a slower than expected ramp up in revenues in H117 has led us to reduce our base case valuation range to SEK12.6-14.4/share.