As previously announced, Acconeer introduces a new high-performance radar sensor, A121, and today the evaluation kit (EVK) for the product has been shipped to distributors and will soon be available for customers to buy. The A121 radar sensor is planned to be ready for mass production in the first quarter of 2023.
CEO, Lars Lindell, comments: "This is a huge milestone for Acconeer as a company, as it moves us from a one-product startup to a multi-product company and proves that we have the capabilities to develop and maintain several sensor products in parallel. Now we are looking forward to seeing all the innovative customer products and use cases the A121 enables."
The EVK for A121 consists of an evaluation board, XE121, and a connector board XC120 which makes it possible to connect the EVK to a computer using USB C. The XE121 includes the A121 sensor and is compatible with Raspberry Pi as well as STM32 Nucleo from ST Microelectronics. In addition, a compatible lens kit, LH120, is available. In the coming months a satellite board called XS121 will be launched to let customers evaluate multi-sensor use cases with the XE121.
Head of Product Management, Mikael Rosenhed, comments: "Many of our customers use microcontroller units (MCUs) from ST Microelectronics in their products, and by making our EVK compatible with the Nucleo system from ST we make evaluation and development very easy for all of them. For customers using other MCU suppliers, the Raspberry Pi option still exists and will work just as well as before."
The new product will complement the A111 radar sensor and will have even lower power-consumption, increased performance and improved data quality. This will be of use in advanced power-critical use cases such as gesture-control using micro-motions and battery-driven IoT applications. The A121 will also have support for flexible power supply, with an IO interface of 1.8-3.3 V and will be qualified for AECQ-100 grade 2 to ensure operation over a wider temperature range. Being part of the A1 family, A121 is pin compatible with A111.
Acconeer launched the A111 pulsed coherent radar sensor during the spring 2018, and the A1 product family will now be complemented with the high-performance sensor A121. The next generation product family, A2, which is co-developed with Alps Alpine, will be launched in 2024 as previously announced.
For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: email@example.com
Mikael Rosenhed, Head of Product Management, Acconeer, Phone: +46 10218 92 00, E-mail: firstname.lastname@example.org
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 June 30, 2022, 13:30.
About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the companys Certified Advisor (CA) and can be contacted via telephone +46(0)8 121 576 90 or via e-mail email@example.com. For more information: www.acconeer.com.
As of today, Acconeer's latest radar sensor A121 is compliant with JEDEC and AEC-Q100 grade 2. This means that it is now ready for mass production and will be available for customers to buy through distributors by the end of March.
In the fourth quarter 2022, Acconeer's net sales amounted to 13,859 kSEK, and the product revenue increased by 74% compared to the same quarter last year. A record number of sensors were sold, 264,783 and 14,140 modules were sold. In total, Acconeer has sold 1,473,379 radar sensors and 114,892 modules since launch. In the quarter 346 evaluation kits were sold, and an accumulated 5,941 EVKs have been sold since launch. The gross margin in Q4 was 56% and 10 new customer products were launched.
The order relates to the new A121 Pulsed Coherent Radar sensor for mass production, as well as the first A121-based module, the integration-ready XM125 and its related evaluation kit (EVK) XE125. The products will be available to purchase online from end of March. Digi-Keys global online platform, serving customers with evaluation kits and sensors intended for mass production, remains an important distribution channel for Acconeer.
Acconeer has agreed with three large global tech companies about a joint proposal to the Federal Communications Commission (FCC) for new regulations of the 60GHz frequency band in the US. The proposal makes it possible for Acconeer's and other mmWave radar technologies to co-exist with WiGig in the 60GHz band. The submitted proposal can be read at FCC's website.
In the third quarter 2022, Acconeer's net sales amounted to 12,066 kSEK, and the product revenue increased by 62% compared to the same quarter last year. A record number of sensors were sold, 185,419 and 21,116 modules were sold. In total, Acconeer has sold 1,208,596 radar sensors and 100,752 modules since launch. In the quarter 332 evaluation kits were sold, and an accumulated 5,595 EVKs have been sold since launch. The gross margin in Q3 was 58% and as much as 11 new customer products were launched.
Acconeer is among the 50 Swedish companies qualified for Deloitte's list Sweden Technology Fast 50. Every year, Deloitte lists the 50 fastest growing tech companies in Sweden. Which ranking Acconeer has among the 50 will be announced in November.
The new module - which will be the first to integrate the new A121 radar sensor - will be called XM125 Entry+ Module. It will have ultra-low power consumption, outstanding system cost and solderable design for optimized integration into mass-produced solutions. The module is planned to be available for customers in Q1 2023.
Acconeer has now shipped more than 100 000 modules with the A111 radar sensor since the company launched its first module in December 2018. Since then, the company has released a range of popular modules where a radar sensor is combined with a microprocessor (MCU) and other supporting components.
Acconeer's A1 pulsed coherent radar sensor is used in an electrical car model from one of the top two American high-volume car makers for the use case access control, which allows touchless opening of the trunk of a car. This is the first commercially available car using the company's technology. Based on forecasts from the distributor, the value of the launch of this one model is estimated to USD 600 000 over three years. Sales to this customer is reflected in sales to Acconeer's distributors.
In the second quarter 2022, Acconeers net sales amounted to 10,779 kSEK, and the product revenue increased by 120% compared to the same quarter last year. A record number of sensors were sold, 167,654 and 21,294 modules were sold. In total, Acconeer has sold 1,023,177 radar sensors and 79,636 modules since launch. In the quarter 224 evaluation kits were sold, and an accumulated 5,263 EVKs have been sold since launch. The gross margin in Q2 was 62% and as much as 12 new customer products were launched. At the end of the quarter, an evaluation kit (EVK) for Acconeers second radar sensor, A121, was shipped to distributors for sale.
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