The agreement concerns Acconeer's radar sensors along with related modules and evaluation kits (EVK) for the Israeli market. Data JCE Electronic Inc. was founded in 1995 and provides original, quality, and dependable semiconductors to a wide range of customers.
CEO Lars Lindell comments: “Just like Sweden, Israel has one of the most innovative markets in the world with customers globally. We believe the partnership with Data JCE Electronic is a strategic way for us to access that market.”
Ripple™, hosted by the Consumer Technology Association (CTA)®, is an open-radar API standard to enable hardware and software interoperability while accelerating the growth of applications for general purpose consumer radar. Acconeer has been part of the group defining the API, and will be fully compliant with Ripple 2.0 which, unlike previous versions, supports pulsed radar.
CEO Lars Lindell comments: “Openness has always been important to us at Acconeer and participating in the work with Ripple goes in line with our business strategy and values. We believe it will help accelerate the integration of mmWave radar in consumer devices.”
The Ripple 2.0 API can already now be found on CTA’s Ripple website, and Acconeer’s XE121 evaluation kit will have support for Ripple from next software release which will be available on the Acconeer developer site before the end of June.
Due to questions from shareholders regarding members of the management team's sale of warrants and shares in Acconeer AB, the company clarifies that all persons in the management team continue to retain or intend to increase their holding of shares in the company in connection with the warrant program with the last subscription date of June 30.
Comment from Magnus Gerward, Head of Business Development:
"My sale of a small number of shares in recent days was carried out with the intention of financing the subscription of shares via the subscription warrant program. When the subscription period is over, my intention is to have a larger shareholding in Acconeer than before. I have a long-term positive view of Acconeer and have a very strong belief in the company's development in the coming years."
Last week the Federal Communications Commission (FCC) adopted new, more flexible rules for the 60 GHz spectrum band to support state-of-the-art radar technology. For Acconeer this means that once the new rules are effective, our customers can more easily sell their products on the US market.
CEO Lars Lindell comments: "This expected decision is a very important step for us, as it enables more use cases on the US market. We estimate the rules will become official during this summer."
Read more in the full press release from the FCC: FCC EMPOWERS SHORT-RANGE RADARS IN THE 60 GHz BAND FOR TECH LIKE 'HOT CAR' SENSORS, HEALTHCARE MONITORING, EMERGENCY RESPONSE DRONES
For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com
The following documents can be retrieved from beQuoted
Acconeer-welcomes-adoption-of-new-rules-for-the-60-GHz-band-.pdf
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). For more information: www.acconeer.com.
Acconeer AB ("Acconeer") has today entered into an agreement with Buntel AB and Exelity AB through which Buntel AB and Exelity AB provide Acconeer with a loan facility of up to SEK 60 million. The loan facility is intended to be used to enable Acconeer to achieve operational milestones. From and including October 1, 2023 until the time of expiration of the loan facility, Acconeer has the possibility to draw down under the loan facility through a total of two payments of a maximum of SEK 30 million each. A first payment can be called upon by Acconeer in the fourth quarter of 2023, and the second in the second quarter of 2024. Loans under the facility fall due on December 31, 2024 and bear a monthly interest rate of Stockholm Interbank Offered Rate (STIBOR) + 1.0 percent.
CEO Lars Lindell comments: "This loan facility enables us to continue expanding our working capital, complete the development of the upcoming A2 sensor, and invest in increased sales resources internationally."
The lenders are given the right, starting from the first disbursement, to twice call for the conversion of debt into equity, in directed new share issues, at a subscription price amounting to 10 percent discount to the volume-weighted share price during the 15 trading days preceding the call. A short selling ban is in place, and the conversions are restricted to not more than SEK 15 million per conversion (i.e. not more than SEK 30 million in total). There are also restrictions regarding the timing of these conversions.
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 May 11, 2023, 21:55.
The following documents can be retrieved from beQuoted
Acconeer-enters-into-loan-facilities-agreement.pdf
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). For more information: www.acconeer.com.
The order relates to Acconeer's XM122 IoT Module, for use in inventory tracking modules. SweIoT is a Swedish expert company within IoT and sensors providing both products and services to customers.
CEO Lars Lindell comments: "We have worked with SweIoT as a partner for several years and this volume order is a confirmation that Acconeer's popular XM122 radar module is a great fit for SweIoT's energy-efficient IoT products with compact design. Inventory tracking and other applications within logistics is an interesting area where we are confident that we will see good progress going forward."
In addition to publicly announced orders, Acconeer continuously receives orders of smaller amounts which are not publicly announced as they are not considered to affect the share price.
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 May 11, 2023, 10:15.
The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-SweIoT.pdf
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). For more information: www.acconeer.com.
Acconeer welcomes the FCC Fact Sheet "Allowing Expanded Flexibility and Opportunities for Unlicensed Operations in the 60 GHz Band" published by the Federal Communications Commission (FCC) yesterday. The fact sheet is in line with the proposal submitted by Acconeer and other companies last year.
"The proposal covers everything we need to expand our business in the US and other regions that traditionally follow FCC regulation such as Canada, Mexico, Brazil. We have several customers, both in the US and internationally, that are ready to launch products in the US once this new regulation is effective", says Lars Lindell, CEO, Acconeer.
From Acconeer we have previously communicated that we estimate that the new regulation will be effective by summer 2023, and the fact that the topic is on the agenda for FCC's next meeting strengthens this belief.
For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com
The following documents can be retrieved from beQuoted
Important-step-towards-new-60GHz-regulation-in-US.pdf
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). For more information: www.acconeer.com.
Acconeer has received a design win for access control, which allows touchless opening of the trunk of a car using the A121 pulsed coherent radar sensor, with one of the world's leading multinational automotive manufacturing corporations. The forecasted value of the design win is estimated to USD 800k in the period 2024-2030. 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 very happy to be able to announce an automotive design win with a new customer, this time with one of the top five automotive manufacturing corporations in the world. This shows that our progress is on track in the automotive industry, which we believe will be an important business area for us the coming years. It is also the first automotive design win for A121, which was recently launched."
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 April 18, 2023, 20.00.
The following documents can be retrieved from beQuoted
Acconeer-receives-automotive-design-win.pdf
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). For more information: www.acconeer.com.
Acconeer and South Korean TecAhead signs a distribution agreement for pulsed coherent radar sensors and modules serving the Korean market. The two companies already have a sales agreement in place, and with the new distribution agreement in place TecAhead will help strengthen Acconeer's position on the Korean market.
Magnus Gerward, head of Business Development comments: "We have worked with TecAhead as sales agents for a few years now, and they have brought in several customers and interesting business leads. It feels great to take the next step for even deeper collaboration and most of all better service to our Korean customers."
With offices in Seoul and Daejeon, TecAhead has since its foundation in 2011 successfully introduced innovative technologies needed for the customers and continues to provide technologies that will define the next decade.
For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com
Magnus Gerward, head of Business Development 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 April 18, 2023 10.00.
The following documents can be retrieved from beQuoted
Acconeer-signs-distribution-agreement-with-Korean-Tecahead.pdf
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). For more information: www.acconeer.com.
Acconeer has agreed with their semiconductor manufacturer to become a direct customer. As of today, all details are agreed upon and a contract has been signed by the two companies. The supplier is one of the world's leading semiconductor contract manufacturing companies, where Acconeer produces their semiconductor wafers.
CEO Lars Lindell comments: "This contract with one of our most important suppliers, and a leading actor in the semiconductor industry, means a deeper co-operation as well as more favorable wafer prices and substantially improved payment terms which will reduce the working capital necessary for Acconeer's rapid growth."
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 March 30, 2023, 09:50.
The following documents can be retrieved from beQuoted
Acconeer-signs-agreement-to-become-direct-customer-of-semico.pdf
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). For more information: www.acconeer.com.
