Proximal solutions, multiple applications

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.