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Acconeer's A1 radar sensor in robotic lawn mower from large European technology company

The A1 pulsed coherent radar sensor from Acconeer is used for surface classification and obstacle detection in a recently launched robotic lawn mower from one of the leading European manufacturers in the garden segment. The total potential value of the project going forward is estimated to US$ 600 thousand annually for Acconeer. This is Acconeer's estimate based on market data on robotic lawn mower sales.

Lars Lindell, CEO Acconeer, comments: "This is our third and most significant customer launch in the consumer robotics segment, and the first robotic lawn mower. We have said for a long time that radar is a superior technology for outdoor usage. Thanks to the high bandwidth, the A1 radar sensor generates rich data suitable for AI processing which is optimal for surface classification. It is also an energy-efficient, accurate and cost-competitive alternative for obstacle detection in any environment."

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-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 November 03, 2021, 17.00.

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 company's Certified Advisor (CA) and can be contacted via telephone +46(0)8 121 576 90 or via e-mail certifiedadviser@redeye.se. For more information: www.acconeer.com.

2022-05-20
Regulatory

The modules are variants of the company's popular Entry Modules for which there has been a shortage of ARM Cortex M0 microcontroller units (MCUs). The new modules, called XM124 and XM123, will feature the A111 pulsed coherent radar sensor together with a more powerful ARM Cortex M4 MCU while still being sold at an attractive entry-line price point.

2022-04-26
Regulatory

Acconeer AB (the "Company") held its annual general meeting on 26 April 2022. At the annual general meeting, the following resolutions were made.

2022-04-26
Regulatory

The order relates to Acconeer's A111 Pulsed Coherent Radar sensor for mass production. NEXTY Electronics is a leading Japanese distributor with especially strong coverage of companies in the automotive sector.

2022-04-22
Regulatory

In the first quarter 2022, Acconeer's net sales amounted to 10,121 kSEK, and the product revenue increased by 130% compared to the same quarter last year. A record number of modules were sold, 26,428 and 129,113 sensors were sold. In total, Acconeer has sold 855,523 radar sensors and 58,342 modules since launch. In the quarter 398 evaluation kits were sold, and an accumulated 5,039 EVKs have been sold since launch. The gross margin in Q1 was 62% and as much as eleven new customer products were launched.

2022-04-04
Regulatory

The A1 radar sensor from Acconeer is used for presence and obstacle detection in a recently announced entertainment robot from one of Japan's largest electronics manufacturers providing high-end devices to consumers globally. The initial potential value of the launch is estimated to USD 150 000 annually for Acconeer, based on forecasts from the manufacturer. The product will initially be launched on the Japanese market.

2022-03-24
Regulatory

The Annual General Meeting of Acconeer AB (publ), reg. no. 556872-7654, (the "Company") will be
held on 26 April 2022 at 16:30, Clarion Hotel & Congress Malmö Live, Dag Hammarskjölds Torg 2 in
Malmö.

2022-03-24
Regulatory

Acconeer AB's annual report for 2021 is from today available on the company's website, investor.acconeer.com.

2022-02-25
Regulatory

Acconeer today announces agreement with GlobalFoundries that the two companies have agreed that Acconeer will become a direct customer of GlobalFoundries. Contract discussions will commence immediately and should be closed before end 2022. GlobalFoundries Inc. is one of the world's leading semiconductor contract manufacturing companies, where Acconeer produces their semiconductor wafers.

2022-02-18
Regulatory

In the fourth quarter 2021, Acconeer AB's net sales amounted to kSEK 8,110, and the revenue increased by 174% compared to the same quarter last year. A record number of sensors were sold, 159,280, and 10,224 modules were sold. In total, Acconeer has sold 726,410 radar sensors and 32,874 modules since launch. In Q4 391 evaluation kits were sold, and an accumulated 4,641 EVKs have been sold since launch. The gross margin in Q4 was 72% and ten new customer products were launched.

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