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Acconeer and ALPS ALPINE signs a strategic partnership agreement and announces first customer project

The radar technology company Acconeer AB and ALPS ALPINE have signed a strategic partnership agreement with the aim of developing products for the automotive industry. ALPS ALPINE is a world-leading manufacturer of electronic components, modules and systems for cars.

Acconeer's unique ultra-low power and high precision radar sensor will be included in several of ALPS ALPINE products. The first product from the collaboration, an access control sensor for cars, has been completed and is already being marketed to automobile manufacturers globally. ALPS ALPINE have now won their first project with a leading international car brand and therefore Acconeer has signed an exclusivity agreement for this particular use-case and car brand. If the project is completed as planned, deliveries are expected to start in early 2022 and run over a minimum of 4 years.

Lars Lindell, CEO of Acconeer, comments: "We have teamed up with ALPS ALPINE for a couple of years and have now reached the point where the next logical step is to formalize our cooperation. We are certain that ALPS ALPINE is the perfect partner to take our radar sensor to the automobile industry globally."

2019-09-04

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on 4th of September 2019 at 10.30.

About Acconeer AB

Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Stockholm with the ticker code ACCON, Redeye is the company's Certified Advisor (CA).

2019-09-13

The radar technology company Acconeer AB has for the second year running been named a Cool Vendor in Novel Sensors by Gartner. In their 2019 Cool Vendors research report they especially point out Acconeers selective distribution network, the introduction of new developer-friendly evaluation kits and the sale of over 1,000 evaluation kits since first launched in 1H18.

2019-09-12
Regulatory

Acconeer's products have been available on American Digi-Key's platform since February 15, 2018. Previously Digi-Key has sold Acconeers radar sensor, evaluation card, and modules. This is the first order relating to the previously announced IoT module XM 122 and the breakout board XB 122.

2019-09-10
Regulatory

The radar technology company Acconeer AB now announces plans for AEC Q-100 certification. Since Acconeer's launch of the A1 sensor in Q1 2018, it has been JEDEC certified for consumer electronics.

2019-09-04
Regulatory

The radar technology company Acconeer AB and ALPS ALPINE have signed a strategic partnership agreement with the aim of developing products for the automotive industry. ALPS ALPINE is a world-leading manufacturer of electronic components, modules and systems for cars.

2019-08-29
Regulatory

Acconeer has been collaborating with BEYD in the Chinese market since August 2018. The new order from BEYD includes Acconeer's product, the sensor A111.

2019-08-15
Regulatory

Acconeer has been collaborating with BEYD in the Chinese market since August 2018. The new order from BEYD includes Acconeer's product, the sensor A111.

2019-08-14
Regulatory

Acconeer has hired Anna Aleryd as the company's first Head of Marketing and Communications. Anna comes from a position as Head of Developer Communication at Sony Corporation.

2019-08-02
Regulatory

Acconeer's evaluation kits have been available on Digi-Key since February 15, 2018, and less than a year and a half later, on August 1, 2019, the sales of evaluation kits surpassed 1,000 units.

2019-07-26
Regulatory

SECOND QUARTER APRIL -JUNE

  • Net sales amounted to kSEK 1,436 (215)
  • Profit/loss for the period amounted to kSEK -17,607 (-9,298)
  • Earnings per share was SEK -0.92 (-0.49)
  • Cash flow from operating activities after changes in working capital was kSEK -14,185 (-8,111)
  • Cash at the balance date amounted to kSEK 110,460 (161,092)

SIX MONTH PERIOD JANUARI - JUNI 2019

  • Net sales amounted to kSEK 1,986 (298)
  • Profit/loss for the period amounted to kSEK -33,598 (-16,726)
  • Earnings per share was SEK -1.76 (-0.88)
  • Cash flow from operating activities after changes in working capital was kSEK -28,611 (-24,835)
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