Terranet and holoride exploring super-human vision technology in autonomous vehicles

Lund, Sweden, November 4, 2021 - Terranet AB (TERRNT B), developers of advanced driver-assistance software (ADAS) that specifically addresses safety and comfort through precise, fast, and intelligent sensor technology, has announced teaming up with holoride to explore innovative applications for its VoxelFlow^TM technology - helping to revolutionize in-vehicle experiences for passengers in autonomous vehicles.

Munich-based holoride is building the world's first immersive in-vehicle media platform by enabling processing motion and location-based data in real-time. Through this new iteration of Terranet's and holoride's relationship, holoride will be integrated into NEVS' revolutionary PONS mobility system focusses on urban areas and is built to reshape mobility in cities. holoride's content adjusts to the motion and route of the PONS mobility sytem and other vehicles and perfectly syncs with the passenger's journey. Through this, holoride creates a new media category made for moving vehicles called Elastic Content, which allows for a novel approach in content creation.

The integration of Terranet's super-fast object detection and classification system VoxelFlow^TM will help to enhance real-time, in-car XR experiences by incorporating aspects of this versatile sensor tech software into the holoride developer's ecosystem, empowering content creators to embed geospatial context and real-world road objects into breathtaking virtual playgrounds. Also, fusing Terranet's game horizon concept with holoride's Elastic SDK will significantly reduce the design time and the developer resources required to create virtual environments.

"We are enthusiastic about holoride's mission to add thrill to every ride. In-vehicle entertainment will become even more important along with a higher penetration of self-driving cars," said Terranet CTO Nihat Küçük. "Terranet's contribution to a ride in a virtual world is to stream real-world objects - which we see in VoxelFlow^TM - into the VR platform in real-time. With our partner holoride we will disrupt the in-vehicle gaming experience, injecting static and dynamic objects which we detect and classify using Terranet's neural network model and machine learning algorithms."

Users will be able to experience a fully immersive experience, reflective of their surrounding realties. For example, when traveling to a European capital, riders get to experience the city and its history in a city tour in one of NEVS' self-driving vehicles. The resulting experience combines what riders see through the windows with a VR/AR overlay that incorporates the same places and sites in the historical context of the previous century. The holoride VR headset soaks riders into an immersive virtual world of gaming, entertainment or information - whatever is preferred. Both static and dynamic objects of a rider's real local environment are transformed into a visual and auditive historical scenery. A city ride on a NEVS autonomous vehicles can quickly become a thrilling experience e.g., being embedded in an action game that takes place in your very local neighborhood. Beyond cities, theme parks or film studios could stream their 3D entertainment content into a motion aware ride through their facilities.

By the joint agreement the three companies, holoride, Terranet and NEVS, aim to push for establishing a new paradigm of unmatched safety and offering a novel media format through XR experiences for the passengers in an autonomous vehicle. Terranet led holoride's Series A funding round earlier this year and joined existing shareholder Audi as strategic investors. The ongoing strategic business collaboration with holoride opens a new vertical for Terranet's VoxelFlow technology by reusing 3D event data for XR applications, like augmented reality (AR) and virtual reality (VR).

About Terranet
Terranet AB.

About holoride
holoride creates an entirely new media category for passengers by connecting Extended Reality.

This information is such that Terranet AB is required to make public in accordance with the EU's Market Abuse Regulation (MAR). The information was made public by the Company's contact person above on November 4th, 2021 at 8.05 am CET.

Certified Adviser: Mangold Fondkommission AB, 08-503 015 50, [e-mail]

For more information:
Michaela Berglund
Executive VP
[e-mail]
+ 46 723 388 288

Media Contact
Sam Aurilia
[e-mail]
FischTank PR

holoride
Rudolf Baumeister
[e-mail]

Media Contact
Kiley Ribordy
[e-mail]
WalkerSands

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