English Archives - Acconeer

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.

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.

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

2024-04-25

Bulletin from the annual general meeting of Acconeer AB on 23 April 2024

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Acconeer AB (the “Company”) held its annual general meeting on 23 April 2024. At the annual general meeting, the following resolutions were made.

The English text is an unofficial translation. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.

Adoption of the income statement and balance sheet
The annual general meeting resolved to adopt the board of directors’ proposal for the income statement and the balance sheet for the fiscal year of 2023.

Disposition of the Company’s profit or loss
The annual general meeting resolved, in accordance with the board of directors’ proposal, that no dividend is paid and that the Company’s funds available for distribution is carried forward.

Discharge from liability
The annual general meeting resolved to grant discharge from liability to all persons who have had the position of board member or CEO in the Company during 2023.

Election on the board of directors and auditor, and determination of fees
The annual general meeting resolved to re-elect Lars-Erik Wernersson, Git Sturesjö Adolfsson and Thomas Rex as members of the board, and to elect Henric Stråth as a new board member. Thomas Rex was re-elected as chairman of the board of directors.

The annual general meeting resolved that the fees to the board of directors, for the period until the next annual meeting, shall be paid out with a total of fourteen (14) price base amounts (Sw. prisbasbelopp), of which five (5) price base amounts to the chairman and three (3) price base amounts to each of the other members elected by the annual general meeting who are not employed by the Company.

The annual general meeting resolved to re-elect the registered audit company KPMG AB as the Company’s auditor until the end of the next annual general meeting. Fees to the auditor shall be paid according to approved invoice.

Directed issue of warrants and approval of transfer of warrants
The annual general meeting resolved, in accordance with the board of directors’ proposal, on the warrant-based incentive program Warrant Program 2024/2028 by (A) issuance of warrants of series 2024/2028 to the Company’s wholly-owned subsidiary and (B) approval of the transfer of warrants 2024/2028 from the subsidiary to individuals who are or will be employed by the Company (individuals employed for a fixed time period are excluded) including the CEO (“Employees”).

No more than 500,000 warrants shall be issued to the subsidiary with the right and obligation for the subsidiary to later transfer the warrants to the Employees. The warrants shall be transferred by the subsidiary on 22 November 2024, or on the later date decided by the board of directors, the transfer shall be made at market value at the respective transfer dates and warrants shall be allotted in accordance with the principles set forth in the board of directors’ proposal. Subscription of shares under the warrants may take place during the period from 15 February 2028 until 30 April 2028. The premium per share shall be transferred to the free share premium reserve (Sw. fria överkursfonden). The subscription price per share shall correspond to 150 per cent of the volume-weighted average price according to Nasdaq First North Growth Market’s official curriculum list for shares in the Company during the period of ten (10) trading days ending on 15 November 2024, however, the subscription price per share shall never be less than the quota value of the share. The maximum dilution effect of the program is approximately 1.84 per cent.

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For more detailed information regarding the content of the resolutions, please refer to the press release published on 12 March 2024 and the complete notice of the annual general meeting. The notice of the annual general meeting and complete proposals regarding the resolutions of the annual general meeting are available on the Company’s website, www.acconeer.com.

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.

Bulletin from the annual general meeting of Acconeer AB on 23 April 2024

2024-04-23

Acconeer joins STMicroelectronics Partner Program to accelerate customer time-to-market

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Acconeer AB, world leader in ultra-low power radars, announces that it has joined the STMicroelectronics Partner Program to make its Pulsed Coherent Radar sensors accessible to ST’s customers. Their participation enables customers of both companies to benefit from state-of-the-art, high-quality components for innovative and extremely reliable radar-based applications.

To shorten development time and effort, Acconeer offers their customers evaluation kits and radar modules ready for integration in mass volume products. By combining ST’s microcontrollers with Acconeer’s 60 GHz radar sensors we can provide high performance, low power modules perfect for battery powered IoT devices.

"By becoming part of the ST Partner Program, we are in an even better position to deliver cutting-edge solutions to our joint customers. We have used ST MCUs for several of our radar modules, and this strategic collaboration will enable even better support to our joint customers,” says Lars Lindell, CEO, Acconeer.

“Acconeer’s knowledge of the ST portfolio and key expertise can help customers meet design challenges and shorten development time,” said Alessandro Maloberti, Partner Ecosystem Director, STMicroelectronics. “ST’s review and vetting of ST Authorized Partners has enabled us to build a strong ecosystem of qualified and skilled partners who can enhance customers’ developments with advanced technologies and multiple services to accelerate the design of their projects and solutions.”

STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications created the ST Partner Program to speed customer development efforts by identifying and highlighting to them companies with complementary products and services. Moreover, the program’s certification process assures that all partners are periodically vetted for quality and competence. For more information, please visit www.st.com/partners.

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 joins STMicroelectronics Partner Program to accelerate customer time-to-market

2024-04-22

Acconeer announces automotive design win with an estimated value of USD 30 million, for the first time including next generation radar sensor – A2

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For the first time, Acconeer’s upcoming next generation A2 Pulsed Coherent Radar sensor has been selected for in-cabin monitoring in a car. In addition, Acconeer’s A1 radar sensor has been selected for the use case access control – which allows touchless opening of the trunk of a car – in the same car model, by a European premium car manufacturer. The total estimated value of the design win is around USD 30 million over a seven-year period starting in 2026. 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.

For in-cabin monitoring three interior detection use cases are implemented; child presence detection, seatbelt reminder and theft alarm.

CEO Lars Lindell comments: “To have our coming A2 sensor selected for use in cars already, based on the good performance of our prototype, is a huge milestone for us as a company as well as it being the largest design win in the company’s history. In addition, we have previously won several design wins with the same manufacturer, and to get this design win on a new car platform is a strong proof of that they are happy with the performance of our products and with our collaboration.”

In total, Acconeer has now seen four launched car models and 15 design wins with five different manufacturers in the automotive industry. The total forecasted value of all announced design wins is USD 70 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.

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 announces automotive design win with an estimated value of USD 30 million, for the first time including next generation radar sensor – A2

2024-04-16

Acconeer receives order from European IoT provider worth USD100,000

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The order relates to Acconeer’s Pulsed Coherent Radar sensors A121 and A111 for mass production. The customer is a leading IoT solutions provider serving its customers highly accurate end-to-end remote tank monitoring solutions.

CEO Lars Lindell comments: “This customer has created a highly accurate, battery powered remote tank level monitoring solution. We are excited to see their volume production ramp up and look forward to following their progress in the large global tank monitoring market.”

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.

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 receives order from European IoT provider worth USD100,000

2024-04-08

Acconeer announces final outcome in the company’s fully guaranteed rights issue

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Acconeer AB (“Acconeer” or the “Company”) announces today the final outcome in the Company’s rights issue of shares of approximately SEK 149 million (the “Rights Issue”), which is fully covered through a combination of subscription undertakings and guarantee commitments. The subscription period in the Rights Issue ended on 28 March 2024. The final outcome shows that 28,372,000 shares, corresponding to approximately 79.9 percent of the offered shares, have been subscribed for with support of subscription rights. Additionally, applications for subscription of 5,893,311 shares without the support of subscription rights, corresponding to approximately 16.6 percent of the offered shares, have been submitted. Together, subscriptions with support of subscription rights and subscriptions without the support of subscription rights correspond to approximately 96.5 percent of the offered shares in the Rights Issue. Thus, guarantee commitments of 1,251,733 shares, corresponding to approximately 3.5 percent of the offered shares, will be utilised. The Rights Issue will provide the Company with approximately SEK 149 million before deduction of transaction costs.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO SECTION “IMPORTANT INFORMATION” BELOW.

The Rights Issue comprised 35,517,044 shares, of which 28,372,000 shares, corresponding to approximately 79.9 percent of the offered shares, have been subscribed for with support of subscription rights. Additionally, applications for subscription of 5,893,311 shares without support of subscription rights have been submitted, corresponding to approximately 16.6 percent of the offered shares. A total of 5,893,311 shares, corresponding to 16.6 percent of the offered shares, have been allotted to individuals who have applied to subscribe for shares without support of subscription rights. Together, subscriptions for shares with support of subscription rights and subscription for shares without support of subscription rights correspond to approximately 96.5 percent of the offered shares in the Rights Issue. Thus, guarantee commitments of 1,251,733 shares, corresponding to approximately 3.5 percent of the offered shares, will be utilised. As a result of the Rights Issue, Acconeer’s share capital will increase by 1,775,852.20 SEK to 3,107,741.35 SEK and the number of shares and votes will increase by 35,517,044 to 62,154,827.

The last day for trading in paid subscribed shares (BTA) is expected to be on 8 April 2024. The new shares subscribed for with support of subscription rights are expected to be registered with the Swedish Companies Registration Office around 5 April 2024 and the new shares are expected to start trading on Nasdaq First North Growth Market as of 12 April 2024. The new shares subscribed for without support of subscription rights are expected to be registered with the Swedish Companies Registration Office around 11 April 2024 and the new shares are expected to start trading on Nasdaq First North Growth Market as of 12 April 2024.

Lock-up undertakings
Prior to the Rights Issue, all board members and key executives in the Company have entered into lock-up undertakings, including commitments not to dispose of financial instruments in the Company, with certain exceptions. The lock-up undertakings expire 180 days after the announcement of the outcome of the Rights Issue.

Furthermore, the Company has undertaken in relation to Carnegie Investment Bank AB, with customary exceptions, not to issue additional shares or other share-related instruments for a period of 180 days after the announcement of the outcome of the Rights Issue.

Advisers
In conjunction with the Rights Issue, the Company has engaged Carnegie Investment Bank AB (publ) as Sole Global Coordinator and Bookrunner, and Advokatfirman Schjødt as legal advisor.

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.

Important information:
This announcement is not and does not form a part of any offer for selling, or a request to submit an offer to buy or acquire, shares or other securities of the Company.

Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be exercised, offered, sold, resold, delivered or otherwise transferred, directly or indirectly, in or into the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the requirements of the Securities Act and in compliance with any applicable securities legislation in any state or other jurisdiction of the United States. The Company do not intend to register any offering in the United States or to conduct a public offering of securities in the United States.

Forward-looking statements

Matters discussed in this announcement may constitute forward-looking statements. Forward looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “deems”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. This applies in particular to statements relating to future results, financial position, cash flow, plans and expectations of the Company's operations and management, future growth and profitability, general economic and regulatory environment and other factors affecting the Company, many of which are based on further assumptions, such as no changes in existing political, legal, fiscal, market or economic conditions or applicable law (including but not limited to accounting principles, accounting methods and tax policies), which may or may not be of importance to the Company results or its ability to operate. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward looking statements.

Potential investors should therefore not attach undue confidence to the forward-looking information herein, and potential investors are urged to read the parts of the prospectus that include a more detailed description of factors that may affect the Company's operations and the market in which the Company operates.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and could be subject to change without notice.

Acconeer announces final outcome in the company’s fully guaranteed rights issue

2024-04-02

Acconeer receives order from BEYD worth USD180,000

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The order relates to Acconeer’s A111 and A121 Pulsed Coherent Radar sensor for customers’ mass production. BEYD is Acconeer's Chinese distributor and remains an important sales channel for the company.

CEO Lars Lindell comments: “We are happy to receive a large order from BEYD showing that the interest and demand for our products in China is still high.”

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.

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 receives order from BEYD worth USD180,000

2024-04-02

SparkFun Electronics Merges Acconeer’s XM125 Module and the Qwiic Connect System to Support Rapid Prototyping with Pulsed Coherent Radar Technology

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The new development board from SparkFun Electronics utilizes the XM125 Module from Acconeer, enabling wider adoption of powerful 60GHz Radar Technology for a variety of unique use cases.

SparkFun Electronics introduces the SparkFun Pulsed Coherent Radar Sensor – Acconeer XM125 (Qwiic), opening up a world of possibilities for those looking to easily utilize a complex and powerful technology. This cutting-edge sensor brings 60 GHz radar technology to your projects, surpassing traditional ultrasonic and infrared sensors, and boasts an impressive range of up to 20 meters. The board comes equipped with multiple Qwiic Connectors, allowing seamless I2C-based prototyping with the rest of SparkFun’s Qwiic Connect System, no soldering necessary!

“We are thrilled to bring this new Pulsed Coherent Radar Sensor – Acconeer XM125 (Qwiic) board into our catalog,” says Kirk Benell, CTO of Sparkfun Electronics. “Merging Acconeer’s 60GHz Pulsed Coherent Radar Sensor with Qwiic opens up numerous interesting presence sensing and velocity detection applications in challenging environments. Equipping the development board with Qwiic Connectors allows for rapid prototyping with our extensive library of compatible products.”

“We’re excited to be part of Sparkfun Qwiic to make our radar sensor more accessible for Sparkfun engineering community and encouraging innovation,” says Magnus Gerward, Director Business Development, Acconeer

Key features and benefits include:

Low Power Consumption: Despite its power, the sensor consumes remarkably low power, making it ideal for battery-powered applications where efficiency is paramount.
Pulsed Coherent Radar Technology: The XM125 utilizes pulsed coherent radar technology to differentiate between stationary objects and moving targets, enabling precise presence sensing and velocity detection.
Comprehensive Connectivity: The XM125, equipped with two Qwiic Connectors, a USB Type-C connector, ESD protection diodes, and a CH340C USB-to-serial converter, ensures seamless connectivity.
User-Friendly Design: Featuring reset and boot buttons, Qwiic compatibility, and 0.1in.-spaced pins, the sensor offers ease of use and flexibility in integrating your system.
Visualization Tool: Acconeer's Python-based Acconeer Exploration Tool provides real-time data collection and visualization, facilitating sensor configuration and optimization for your specific application needs.

More information

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.

SparkFun Electronics Merges Acconeer's XM125 Module and the Qwiic Connect System to Support Rapid Prototyping with Pulsed Coherent Radar Technology

2024-03-29

Acconeer publishes investor presentation due to ongoing rights issue

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In connection with the subscription period (March 14-March 28, 2024) for the ongoing rights issue in Acconeer AB, the company is now publishing an investor presentation about the company and the rights issue with CEO Lars Lindell and COO Mikael Egard as presenters.

CEO Lars Lindell comments: "At Acconeer we have developed a leading product from the bottom up in a rapidly growing global market and we are facing an exciting time with a multitude of different applications in several business areas."

The presentation is available on youtube.com/acconeer. More information about the rights issue can be found at https://www.acconeer.com/investor_page/home/the-share/rights-issue-2024/

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 publishes investor presentation due to ongoing rights issue

2024-03-21

Acconeer publishes prospectus in connection with the rights issue

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The Acconeer AB’s (publ) ("Acconeer" or the "Company") Board of Directors resolved on 5 March 2024 on a new share issue of a maximum of 35,517,044 shares with preferential rights for the Company’s existing shareholders (the "Rights Issue"). Through the Rights Issue, the Company will receive approximately SEK 149 million before transaction costs related to the Rights Issue. In connection with the Rights Issue, the Company publishes a prospectus which today has been approved and registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO SECTION "IMPORTANT INFORMATION" BELOW.

Indicative timetable

Record date for the Rights Issue	12 March 2024
Trading in subscription rights	14 March – 25 March 2024
Subscription period	14 March – 28 March 2024
Trade in paid subscribed shares (BTA)	14 March – 8 April 2024
Expected announcement of outcome in the Rights Issue	3 April 2024
Delivery of and trading in new shares subscribed with subscription rights	12 April 2024
Delivery of and trading in new shares subscribed without subscription rights	12 April 2024

Prospectus

For full information regarding the Rights Issue, please refer to the prospectus, which is available on Acconeer’s website, www.acconeer.com. Link to the application form is available on the same link at the start of the subscription period at the latest, and on Carnegie Investment Bank AB (publ)’s website, www.carnegie.se. The prospectus will also be available on the Swedish Financial Supervisory Authority’s (Sw. Finansinspektionen) website, www.fi.se.

Advisers

In conjunction with the Rights Issue, the Company has engaged Carnegie Investment Bank AB (publ) as Sole Global Coordinator and Bookrunner, and Advokatfirman Schjødt as legal advisor.

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.

Important information:
This announcement is not and does not form a part of any offer for selling, or a request to submit an offer to buy or acquire, shares or other securities of the Company.

Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be exercised, offered, sold, resold, delivered or otherwise transferred, directly or indirectly, in or into the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the requirements of the Securities Act and in compliance with any applicable securities legislation in any state or other jurisdiction of the United States. The Company do not intend to register any offering in the United States or to conduct a public offering of securities in the United States.

Forward-looking statements

Matters discussed in this announcement may constitute forward-looking statements. Forward looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “deems”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. This applies in particular to statements relating to future results, financial position, cash flow, plans and expectations of the Company's operations and management, future growth and profitability, general economic and regulatory environment and other factors affecting the Company, many of which are based on further assumptions, such as no changes in existing political, legal, fiscal, market or economic conditions or applicable law (including but not limited to accounting principles, accounting methods and tax policies), which may or may not be of importance to the Company results or its ability to operate. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward looking statements.

Potential investors should therefore not attach undue confidence to the forward-looking information herein, and potential investors are urged to read the parts of the prospectus that include a more detailed description of factors that may affect the Company's operations and the market in which the Company operates.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and could be subject to change without notice.

Acconeer publishes prospectus in connection with the rights issue

2024-03-12

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

Bulletin from the annual general meeting of Acconeer AB on 23 April 2024

Acconeer joins STMicroelectronics Partner Program to accelerate customer time-to-market

Acconeer announces automotive design win with an estimated value of USD 30 million, for the first time including next generation radar sensor – A2

Acconeer receives order from European IoT provider worth USD100,000

Acconeer announces final outcome in the company’s fully guaranteed rights issue

Acconeer receives order from BEYD worth USD180,000

SparkFun Electronics Merges Acconeer’s XM125 Module and the Qwiic Connect System to Support Rapid Prototyping with Pulsed Coherent Radar Technology

Acconeer publishes investor presentation due to ongoing rights issue

Acconeer publishes prospectus in connection with the rights issue

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