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Acconeer signs global franchise agreement with Future Electronics

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Acconeer has signed a worldwide franchise deal with Future Electronics, who will provide customers access to Acconeer’s unique 60GHz radar solutions. This agreement covers Acconeer’s A121 radar sensor and related products, and expands Acconeer’s global distribution network. Future Electronics is a global leader in electronics distribution headquarted in Montreal, Canada.

Through this partnership, Future Electronics customers will gain access to Acconeer’s patented Pulsed Coherent Radar systems, recognized for their unmatched power consumption, compact size, and high-performance sensing capabilities.

Acconeer’s 60GHz millimeter-wave A121 radar solution, along with related modules and evaluation kits, will now be available through Future Electronics. This technology enables precise object detection, distance measurement, and motion sensing, making it ideal for industries such as automotive, IoT, and industrial automation. By expanding its portfolio with Acconeer’s products, Future Electronics reaffirms its commitment to offering customers the most advanced solutions to drive innovation in their designs.

“With this agreement in place we further increase our visibility and availability for customers worldwide,” said Ted Hansson, CEO of Acconeer. “With their strong global presence and success, Future Electronics is an important addition to our global distributor network.”

Established in 2012 from research at Lund University, Acconeer has quickly become a leader in radar sensing technology. Its Pulsed Coherent Radar systems combine extremely low power consumption with remarkable sub-millimeter precision and robust environmental performance. By integrating Acconeer’s solutions, Future Electronics continues to empower developers, fostering an environment where employees and customers alike benefit from state-of-the-art electronics innovations.

Future Electronics is dedicated to maintaining a culture of excellence and collaboration, making it an exceptional place to work. This global franchise agreement highlights the company’s unwavering focus on delivering breakthrough technologies that help customers succeed in an ever-evolving market.

Acconeer receives grant from WASP for PhD research on collaborative radar sensing systems

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From this February, Linus Ghatnekar Nilsson will start his research at Acconeer as an industrial PhD student. The research will focus on exploring synchronization methods in multi-sensor radar positioning systems, and how over-the-air signaling can be designed to support this. During this five-year period, Linus will spend 20% of his time at the Acconeer HQ and 80% at Lunds Tekniska Högskola. The grant from Wallenberg AI, Autonomous Systems and Software Program will be 2,4mSEK portioned out over five years’ time.

The project will be done in collaboration with NextG2Com Competence Center at LTH, which has a strong expertise in communication and sensing research. This is a significant opportunity, as Linus’s research will provide long-term benefits to all parties involved. As a company built on research from LTH and with "Innovative" as one of our core values, it is of great importance for Acconeer to keep pushing the boundaries of what radar can be used for. This research will benefit many different use-cases, such as the separation and identification of objects and avoiding blind spots when monitoring a car-cabin through synchronization methods to efficiently combine measurements from different sources.

"Amazing people with high competence is the foundation Acconeer was built upon and whilst the company has grown, it’s always important for us to have a good and lasting relationship with universities as they are in many ways the frontline of research. We really look forward to having Linus here with us and we know that the research he is conducting will result in great things." – Kåre Agardh, Head of System Development

Sales start for new car model using Acconeer’s radar sensor for access control

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The Acconeer A121 is used in an all-electric premium SUV from one of the world's leading multinational automotive corporations, which now is being sold to consumers on the American market. As previously communicated when the design win was announced, Acconeer’s radar is used for access control to allow for handsfree opening of the trunk of the car. In total, Acconeer has now seen 11 launches and 26 design wins in the automotive industry.

CEO Ted Hansson comments: “We are very pleased to see another car launched using our sensor, and the first one with this top player in the industry with which we have several design wins.”

Acconeer signs distribution agreement with Sekorm Limited for the Chinese market

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The agreement concerns Acconeer's radar sensors along with related modules and evaluation kits (EVK). Sekorm is a technical distributor with a strong focus on demand creation and serving the electronics industry. The company has a professional staff with close to 160 engineers at 17 offices in China, with headquarters in Shenzhen.

Founded in 1993, Sekorm today has more than 10,000 customers and works with more than 700 manufacturers in focus markets such as automotive, consumer electronics, industrial and IoT. In 2016 the company launched the Sekorm R&D Service Platform which now has more than one million users.

Calvin Xiao, CEO Sekorm, comments: “Acconeer’s radar sensors are a great match for many of our existing key customers as well as development markets. We look forward to our collaboration and believe we have great chances of creating volume business together.”

Ted Hansson, CEO Acconeer, comments: “We are excited to add Sekorm as a distributor in China, as they have a strong list of key accounts in focus markets that are a great match for Acconeer’s products. Combined with our increased sales effort in the region we are confident that this will help grow our business on the large Chinese market.”

The distribution agreement is effective immediately and the two companies expect their collaboration to be fully up and running early 2025.

Acconeer’s directed issue of warrants fully subscribed by CEO Ted Hansson

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The warrant-based incentive programme was decided by the extraordinary general meeting held on 2024-10-31 and entails issuing of no more than 350 000 subscription warrants to the CEO. The market value of the warrants at the time of subscription was determined by Optionspartner AB at 1,43 SEK per warrant, using the Black & Scholes valuation model.

CEO Ted Hansson chose to subscribe to all 350,000 warrants and comments: "I have strong faith in our technology and a growing market for radar sensors. I look forward with confidence to being a part of Acconeer's growth journey.”

For more information about the warrant programme, see the bulletin from the general meeting.

Acconeer signs distribution agreement with Japanese Sundenshi Co

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The agreement concerns Acconeer's radar sensors along with related modules and evaluation kits (EVK) for the Japanese market. Sundenshi Co provides component supply services to organizations that provide R&D services and produce Electronic Systems in Japan.

With focus on the industrial sector, Sundenshi Co provides valuable distribution networks and opportunities as Japan remains one of Acconeer’s most important markets.

Acconeer announces 5 automotive design wins to an estimated value of more than USD 4 million

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Acconeer’s A121 Pulsed Coherent Radar sensor has been designed into five additional car models from a leading Japanese automotive manufacturer, following the one announced in January this year. The design wins are for the use case access control, which allows touchless opening of the trunk of a car. The total forecasted value of the design wins is USD 4 million over a seven-year period starting in 2025. 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.

CEO Lars Lindell comments: “We are happy to see yet another design win with this manufacturer, and we take it as a confirmation that they are happy with our product. This design win together with other recently announed ones are indications that our solution is becoming a standard product with several OEMs, which puts us in a great position for even more design wins in the future.”

In total, Acconeer has now seen 6 launched car models and 26 design wins in the automotive industry. The total forecasted value of all announced design wins is USD 74 million in the period 2024-2032. A design win is counted when a formal nomination is received, or when forecasted sales can be done with high reliability.

Acconeer and Sandvik receive research grant of SEK 3.5 million for material classification

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Sweden's innovation agency Vinnova has decided to award Acconeer and Sandvik a grant totaling SEK 3.5 million, of which Acconeer's share is SEK 2.5 million, for research into automated material classification with radar. The project will begin in Q3 2024 and is planned to be completed in the second half of 2026.

In this project Sandvik and Acconeer will combine their strengths to develop a material classification system for rock crushing conveyor belt applications. The system will provide information on different types of materials and particle size distributions and identify deviations towards the requirements on the produced material.

CEO Lars Lindell comments: "Material classification is something we have been looking into for many years, and with this grant we get the opportunity to take our research one step further. The fact that we also get the chance to do it together with a large global player like Sandvik gives us the possibility to test our application in an advanced industrial environment."

From Vinnova's justification: "A well-written application with actors at the forefront. The automated material classification described is considered to have high potential with several different areas of application in addition to the rock crusher that is in focus. The project plan is assessed as realistic with a good division between the actors."

New car model using Acconeer radar sensor launched with an estimated value of USD 800 000

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Acconeer's A1 pulsed coherent radar sensor is used in a premium-brand car model from a Japanese high-volume car maker for the use case access control, which allows touchless opening of the trunk of a car. Acconeer estimates the total value of this model to USD 800 000 over seven years. The car model is released on the US market and sales to this customer are reflected in sales to Acconeer's distributors.

CEO Lars Lindell comments: “We are excited to see yet another car launch using our solution for access control, on a platform where we have seen several models already from different manufacturers. As we have stated before, we believe radar will replace capacitive sensors for access control and we are confident that Acconeer is way ahead of competitors for this use case.”

The automotive industry is an important business segment for Acconeer. Acconeer’s radar is the pioneer to replace existing capacitive solutions for access control and the company expects radars to completely replace existing solutions. Based on this, Acconeer expects their sales to the automotive industry to grow significantly over the coming years.

New car model using Acconeer radar sensor launched with an estimated value of USD 1,4 million

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Acconeer's A1 pulsed coherent radar sensor is used in a car model from a Japanese high-volume car maker for the use case access control, which allows touchless opening of the trunk of a car. Acconeer estimates the total value of this model to USD 1,4 million over seven years. The car model is released on the US market by a Japanese company among the global top ten car manufacturers. Sales to this customer are reflected in sales to Acconeer's distributors.

CEO Lars Lindell comments: “We are happy to see yet another car with our sensor rolling out on the streets, and this time with a new manufacturer. It is a confirmation that our technology is superior to other existing solutions, and we expect many more design wins and launches for this use case going forward.”

The automotive industry is an important business segment for Acconeer. Acconeer’s radar is the pioneer to replace existing capacitive solutions for access control and the company expects radars to completely replace existing solutions. Based on this, Acconeer expects their sales to the automotive industry to grow significantly over the coming years.