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Acconeer decides about precautions around annual general meeting

Due to the ongoing outbreak of covid-19, Acconeer has decided to take precautions in relation to the upcoming annual general meeting, which will be held on April 14, 2020, 17:30 at Ideon Gateway (second floor).

To protect the health of shareholders, Board members and co-workers the Board has made the following decision regarding the annual general meeting:

  • Registration will begin half an hour before the start of the AGM and shareholders are kindly requested to wait outside until then in order to decrease the risk of transmitting disease,
  • No refreshments will be served,
  • The company's CEO will not be holding a speech at the AGM itself. CEO's speech will instead be recorded, and made available at,
  • The number attending non-shareholders, Board members and members of the company's management team will be limited,
  • Allocated time for the AGM will be minimized, without restricting the rights of shareholders. Shareholders and their proxies are requested to pay extra attention to avoiding virus transmission.

Shareholders exhibiting even mild symptoms of illness, or belonging to a high-risk health group, are asked to appoint a proxy to look after their rights at the AGM. Form of proxy is available on the company's website, Please note that Acconeer has no possibility of collecting proxy-votes or act as an agent.

The company is closely following the development of the coronavirus (COVID-19) and any implications it can have on Acconeer's annual general meeting. We request all shareholders who intend to participate at the meeting to stay updated via

For additional information, please contact:
Lars Lindell, CEO, Acconeer, Phone: +46 10218 92 00, E-mail:

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 Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail For more information:


Ahead of Acconeer's annual general meeting (AGM), which starts 14 April 17.30, previously unpublished figures for three important parameters are published:

  • Revenue - Acconeer's revenue was 210 000 USD during the first quarter 2020, which is a growth with 16% compared to the previous quarter and 284% compared to the first quarter 2019.
  • Number of sold evaluation kits (EVKs) - During the first quarter 2020 Acconeer sold 358 EVKs.
  • Customer launches - the total number of customer launches with Acconeer's radar is after the first quarter 2020 in total 17. This is a growth with three compared to the previous quarter.

The radar technology company Acconeer AB has been chosen by ALPS ALPINE to deliver radar sensors for the use case presence detection in cars to a European premium car manufacturer. Acconeer estimates the total potential value of the design wins to US$ 9-12 million over three years starting in 2022. By "design win" Acconeer refers to that the company's radar sensor has been selected for use in a customer product, but it is not equivalent to that an order has been placed.


Acconeer AB's annual report for 2019 is from today available on the company's website,


Due to the ongoing outbreak of covid-19, Acconeer has decided to take precautions in relation to the upcoming annual general meeting, which will be held on April 14, 2020, 17:30 at Ideon Gateway (second floor).


The planned Entry Module, XM132, will be power and cost-efficient with optimized performance for a range of pre-defined use cases. It will be released during the second half of 2020, to complement Acconeer's module offering, which currently consists of the XM112 High-Performance Module and XM122 IoT Module. With XM132, Acconeer takes the next step in providing a module designed for smooth integration into customer products.


The shareholders of Acconeer AB (publ) (the "Company") are hereby invited to the Annual General Meeting on Tuesday 14 April 2020 at 5:30 p.m. CEST in Ideon Gateway (second floor) Scheelevägen 27, 223 63 Lund. Registration for the Annual General Meeting begins at 4:30 p.m. CEST.


The order relates to Acconeer's A111 radar sensor, for production of the customer's IoT solution.


In February 2020, 24 months after the company started selling Evaluation Kits (EVKs) at Digi-Key, Acconeer AB has shipped more than 100 000 A1 radar sensors to distributors and customers.


The order relates to Acconeer's A111 radar sensor for a European customer. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.


The order relates to Acconeer's XM122 IoT Module, a low power connected radar module with an optimized circular form factor. Digi-Key's global online platform, serving both global players as well as smaller local niche producers, remains an important distribution channel for Acconeer.



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