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Acconeer receives an order from Chinese BEYD worth USD 16,500

At the end of September, BEYD had supplied Acconeer's sensors to five different customers, three of whom are active in the area of parking sensors and one each in level measurement in tanks and presence detection. The new order from BEYD includes Acconeer's radar sensor A111 and the recently launched IoT module XM122.

Lars Lindell, CEO Acconeer, comments: "We are very pleased with our collaboration with BEYD. They have in a very short time created an impressive list of customer projects in China and this order will go to meet the needs of these customers. Through their ability to add new customers, in combination with recurring deliveries of sensors to the existing ones, we see good potential for BEYD to continue to grow as a distributor"

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 October 11 2019 at 10.10.

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 certifiedadviser@redeye.se. For more information: www.acconeer.com.

2020-05-26
Regulatory

The order relates to Acconeer's A111 radar sensor. Chip Power Technology Corp. is a leading distributor in Taiwan and has been a part of Acconeer's global distributor network since June 2019. This is the first volume order from Taiwan, providing sensors to customers in the parking sensor segment.

2020-05-12
Regulatory

Acconeer has extended the agreement with Restar Electronics Corporation to include the Americas. Since July 2019 the two companies have a distributor agreement for the Japanese market, and the decision to extend it to the Americas comes as a natural result of the good progress seen in Japan.

2020-05-04
Regulatory

The board of directors of Acconeer AB ("Acconeer" or the "Company") has, in accordance with the Company's press release earlier today, with support of the authorization granted by the annual general meeting 14 April 2020, resolved on and carried out a new share issue of 4,062,000 shares (the "Directed New Share Issue"). The subscription price of the shares in the Directed New Share Issue amounts to SEK 16 per share. Through the Directed New Share Issue Acconeer will receive proceeds amounting to approximately SEK 65 million before deduction of transaction costs. The Directed New Share Issue was subscribed for by Alps Alpine Co., Ltd. and a number of institutional investors.

2020-05-04
Regulatory

Acconeer AB ("Acconeer" or the "Company") today announces its intention to carry out a directed new share issue of approximately SEK 60 million to Swedish and international institutional investors (the "Directed New Share Issue"). Alps Alpine Co., Ltd., a world-leading manufacturer of electronic components, modules, and systems for cars, has undertaken to subscribe for shares corresponding to a maximum of USD 3 million in the Directed New Share Issue.

2020-04-24
Regulatory

Acconeer AB and Alps Alpine Co., Ltd. ("Alps Alpine") have today, April 24th 2020, entered into a non-binding Memorandum of Understanding (the "MoU") of a joint development agreement to develop next generation patented Pulse Coherent sensors, targeting a wide range of applications in the automotive, industrial and consumer segments including mobile phones. The MoU prescribes that Alps Alpine will contribute up to USD 7 million towards the development of the product and that Alps Alpine will receive exclusivity for the new product for the automotive market. The product is planned to be ready for production during 2023.

2020-04-17
Regulatory

The order relates to the XM112 High Performance Module, and correlating connector board and lens kit. Digi-Key's global online platform, serving both global players as well as smaller local niche producers, remains an important distribution channel for Acconeer.

2020-04-17
Regulatory
2020-04-14
Regulatory

Acconeer AB (the "Company") held its annual general meeting ("AGM") on Tuesday, 14 April 2020, for the 2019 fiscal year, with the following main resolutions being made.

2020-04-09
Regulatory

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.
2020-03-31
Regulatory

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.

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