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 (NASDAQ:QCOM), Autoliv (NYSE:ALV), 3M Peltor, SAAB (BS:SAABBs) and now IBM (NYSE: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.
Early-stage company addressing multiple verticals
TerraNet is an early stage company with technology that includes software to communicate, trade data capacity and multicast video streaming without networks as well as providing contextual awareness for smartphones. The company has developed several applications and is working with a number of leading firms to commercialise them. Revenues are currently being generated from paid development work. We expect the first revenues from licensing and app sales to commence in 2018, principally from chip integration and data trading apps.
To read the entire report Please click on the pdf File Below