LEGO SIGNED

Project "LEGO" data sheet

The following table provides information about the project.

 Partnership

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Map

 Project objective

The IoT market is young but has a huge need for application-specific sensors to gather data, process it and provide valuable decision-making data. Since 2012 Terabee has created and commercialised optical Time-of-Flight distance sensors, with world-leading performance for the given size, weight and sensor price. The technology is deployed like ‘bricks’ where one or multiple sensors are used in a simple plug and play way. Leveraging its latest generation sensors, Terabee is gearing up for IoT applications through “Application Products” that will meet the technical needs of specific markets. In addition, Terabee has created a unique business approach it calls “lean sensing”, where less data is gathered but in more reliable and redundant ways in order to reduce compute, data transfer and control system complexity.

From 2 years of feasibility study based on field tests, Terabee has selected 6 mature Application Products to industrialise during the Phase 2 project. These products may include one or more single-pixel or multi-pixel sensors, processing and algorithms, power supply and communication protocols and, if needed, dust and water-resistant casings to withstand harsh environments. Demand for our type of sensors is estimated at 5 billion units in 2020, growing 25-35% p.a. The Total Addressable Market is estimated at 8 billion sensors in 2025.

This project is the cornerstone of a strategy to shift from being Technology-led to Market-led, capitalising on a growing demand for ready-to-use Application Products in the IoT and Mobile Robotics markets. During the project, Terabee will finalize 6 Application Products while running pilots with 4 Industrial companies with which field tests have already taken place. In parallel, the Go-to-Market plan will be created through detailed Marketing, Communication and Business Development actions.