Swedish technology company Terranet has shared an update on the development of its BlincVision perception technology, highlighting the next steps in its development process and the key milestones it will need to hit to commercialize the solution for the global automotive industry.
In 2021, BlincVision progressed from lab testing to proof of concept, when its functionality was tested in a Mercedes vehicle. The functionality test validated the system concept, the company claiming that it showed BlincVision can detect objects considerably more quickly and with greater precision than other current ADAS technology.
Terranet is currently working to improve and enhance the system based on the initial proof of concept. This work will continue throughout 2022 and includes reducing the physical size of the product, improving performance and adapting the system to the technical and physical integration requirements of the automotive industry. This also involves strengthening collaborations with software and hardware partners who develop components for the solution.
The company hopes that continued development of the proof of concept will result in an initial prototype that can be integrated into vehicles. This will be followed by several subphases in which the prototype is further developed, tested and validated. Each of these phases includes milestones that need to be achieved to commercialize the product. Among other things, BlincVision needs to be adapted to the technical platforms and interfaces of different OEMs. Building relationships with the automotive industry is therefore an important priority that runs throughout the product development process.
Terranet’s acting CEO, Göran Janson, commented, “The development process for BlincVision can be compared to launching a new pharmaceutical: we are developing completely novel technology that will need to pass through various steps of validation before production can start. Given the degree of innovation and the fact that this is a safety solution for the automotive industry, this is an expected timeframe that we also see as realistic.”
