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Acconeer and Alps Alpine have entered into an MoU for a joint development agreement of Next-Generation Sensing Technology

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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.

A legally binding final agreement is expected to be entered into during 2020. Subject to such agreement, payments are expected to commence in 2021 and end in 2023. Alps Alpine is a world-leading manufacturer of electronic components, modules and systems. Further information on Alps Alpine are set out at the bottom of this press release.

Lars Lindell, CEO of Acconeer, comments: "We have co-operated with Alps Alpine for several years and jointly won several design wins in the area of "presence detection" as well as "access control sensor" for cars. Now we have decided to take the next step in this co-operation combining Alps Alpine's competence and purchasing power in systems for cars with Acconeer's Pulsed Coherent radar technology."

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 pursuant to the EU Market Abuse Regulation. The information was provided, by the above contact person, for publication on April 24th 2020 at 10.00.

The following documents can be retrieved from beQuoted
Acconeer-announces-strategic-co-operation-to-develop-next-ge.pdf

About Alps Alpine
Alps Alpine, a leading manufacturer of electronic components and automotive infotainment systems, has brought the world numerous "First 1" and "Number 1" products since its founding in 1948. The Alps Alpine Group currently operates 110 bases in 26 countries and regions, supplying roughly 40,000 different products and solutions to around 2,000 companies worldwide. Those offerings include devices such as switches, sensors, data communication modules, touch input panels, actuators and power inductors; electronic shifters, remote keyless entry systems and other automotive units; consumer electronics like car navigation and audio-visual systems; and systems and services such as digital keys based on smartphone app and blockchain technology, and remote monitoring.

In January 2019, Alps Electric Co., Ltd. and Alpine Electronics, Inc. integrated their businesses to embark on a new era as Alps Alpine Co., Ltd. Serving a diverse range of markets encompassing an automotive industry currently undergoing major transformation, the mobile and consumer electronics domains, through to energy, healthcare and industry markets, Alps Alpine will combine and build on core device technology established over many years in three areas – human-machine interfaces, SENSORING™ and connectivity – along with system design and software development capabilities to innovate value that brings comfort to and enriches the lives of people everywhere. For more information: https://www.alpsalpine.com/e/.

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

Acconeer receives order from Digi-Key worth USD 29 500

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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.

Lars Lindell, CEO Acconeer, comments: "This order confirms the continued high demand we see for our evaluation kits (EVK), which is a first step towards future customer launches."

For additional information, please contact:
Lars Lindell, 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 17, 2020 10.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-DigiKey 200417.pdf

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

INTERIM REPORT Q1 2020

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FIRST QUARTER 1 JANUARY – 31 MARCH 2020

  • Net sales for the full year amounted to kSEK 2,150 (550).
  • Gross margin amounted to 59 % (40%).
  • Result after taxes amounted to kSEK -17,701 (-15,991).
  • Earnings per share before and after dilution was SEK -0,92 (-0,84).
  • The cash flow from operating activities kSEK -14,810 (-13,117).
  • Cash at the balance date amounted to kSEK 61,864 (121,724).

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • Acconeer received an order from Glyn Limited worth USD 12,800.
  •  Acconeer received an order from Digi-Key worth USD 15,100.
  • Acconeer received an order from CODICO worth USD 62,700.
  • The company announced that they have shipped more than 100,000 A!radar sensors.
  • Acconeer received an order from a European customer worth USD 14,700.
  •  It was announced that the company is planning to develop integration-ready Entry Module with low system cost.
  •  Acconeer was awarded three design wins by Alp Alpine for presence detection in cars to a European premium car manufacturer. The estimated potential value of these design wins is SEK 90-120 million over three years starting in 2022.
  • It is the company's assessment that the effects of Covid-19 will have a limited impact on operations in 2020.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  •   Acconeer AB held its Annual General Meeting on 14 April 2020. Thomas Rex was elected as new Chairman of the Board.

 

"Despite a very turbulent time, our revenue grew during Q1", says Lars Lindell, CEO Acconeer.

 

The year-end report is attached to this press release and available through Acconeer's website: https://investor.acconeer.com/se/finansiella-rapporter/

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 17 2020 at 09.00.

For additional information, please contact:

Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

The following documents can be retrieved from beQuoted
Acconeer-Pressrelease-2020-04-17-eng.pdf
Acconeer-Interim-Report-Q1-2020.pdf

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

Bulletin from the annual general meeting of Acconeer AB held on Tuesday 14 April 2020

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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.

For more detailed information regarding the content of the resolutions, please refer to the press release published on 12 March 2020 and the complete notice of the AGM. The notice of the AGM and complete proposals regarding the resolutions of the AGM presented below are available on the Company's website, http://investor.acconeer.com.

  • The AGM resolved to adopt the Board of Directors' proposal for the income statement and the balance sheet.
  • The AGM resolved to adopt the Board of Directors' proposal for the distribution regarding the Company's profit or loss according to the adopted balance sheet.
  • The AGM resolved to grant discharge from liability to the members of the Board of Directors and the CEO.
  • The AGM resolved that no dividends should be paid.
  • The AGM resolved that the Board of Directors shall comprise of five (5) members without any deputy members, that the number of auditors shall be one (1) and that no deputy auditors shall be appointed.
  • The AGM resolved to re-elect the Board members Bengt Adolfsson, Lars-Erik Wernersson, Git Sturesjö Adolfsson, Thomas Rex and Johan Paulsson. Thomas Rex was elected as chairman of the Board of Directors.
  • The AGM resolved to adopt the proposal for remuneration for the Board of Directors. Remuneration shall be paid out with a total of twelve (12) price base amounts, of which four (4) price base amounts shall be paid to the chairman and two (2) price base amounts shall be paid to each of the other members elected by the AGM who are not employed by the Company. Furthermore, remuneration to the auditor shall be paid in accordance with the approved invoice.
  • The AGM resolved to adopt the Board of Directors' proposal on the implementation of an incentive program ("Warrant Program 2020/2023") with (A) issuance of warrants series 2020/2023 with deviation from shareholders' preferential rights and (B) approval of the transfer of warrants to employees. No more than 300,000 warrants shall be issued to the Company's wholly-owned subsidiary Acconeer Incentive AB with the right and obligation for the subsidiary to later transfer the warrants to the Company's employees. The warrants shall be transferred by the subsidiary on 20 April 2020 and on 2 November 2020, 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 1 May 2023 until 30 June 2023. The subscription price per share shall correspond to 120 per cent of the volume-weighted average price according to Nasdaq First North Growth Market's official price list for shares in the Company during the period from 31 March 2020 up to and including 13 April 2020. However, the subscription price per share shall never be less than the quotient value. The maximum dilution effect of the program is approximately 1.54 per cent.
  • The AGM resolved to elect the registered audit company Öhrlings PricewaterhouseCoopers AB as the Company's auditor with the authorised auditor Ola Bjärehäll as the chief auditor.
  • The AGM resolved to authorise the Board of Directors until the next AGM to, on one or more occasions, resolve to increase the Company's share capital by issue of no more than shares corresponding to twenty-five (25) per cent of the total number of shares in the Company at the time of the AGM's decision of authorisation. However, such issues may not cause the share capital in the Company to exceed the Company's highest allowed share capital according to the articles of association. The Board of Directors may deviate from the shareholders' preferential rights. The reason for the Board of Directors' authorisation to deviate from the shareholders' preferential rights is to enable the Company's possibilities to raise new capital and to take advantage of future opportunities to attract new long-term owners and to finance the Company's growth strategy. The authorisation also includes the right to decide on payment for the issued shares by set-off, in kind or with other conditions as referred in Chap. 13 Sec. 5 item 6 of the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)). At a deviation from the shareholders' preferential rights, the issue rate shall be determined in accordance with market conditions.

For additional information, please contact:
Lars Lindell, CEO, Tel. +46 (0) 10 218 92 00, Mail: ir@acconeer.com

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.

The following documents can be retrieved from beQuoted
Bulletin-AGM-2020.pdf

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

Acconeer’s revenue was 210 k USD during first quarter 2020

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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.

As previously communicated, CEO's speech will be recorded and made available at www.acconeer.com, instead of being held at the AGM itself. For more information about this and other precautions around the AGM, see press release from March 20.

For additional information, please contact:
Lars Lindell, 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 09, 2020 08.00.

The following documents can be retrieved from beQuoted
Acconeer-press-release-200409.pdf

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

Acconeer awarded three design wins by ALPS ALPINE for presence detection in cars to a European premium car manufacturer

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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.

These are the first design wins in this area for Acconeer. ALPS ALPINE is a world-leading manufacturer of electronic components, modules, and systems for cars.

Acconeer's unique ultra-low power and high precision radar sensor will be included in several of ALPS ALPINE's products serving different use cases. The new design wins announced today are for the use case presence detection, which is driven by industry standards such as European and Australasian New Car Assessment Programs (Euro NCAP and ANCAP). They provide consumers with independent information on the level of safety offered by vehicles in the event of a severe accident. In other geographies, demand for sensor technology will be driven by legislation such as the US "Hot Cars Act".

Lars Lindell, CEO of Acconeer, comments: "We have teamed up with ALPS ALPINE for a couple of years, and we are very pleased that they have managed to win business in this important lifesaving use case. We look forward to many more design wins in the future."

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 31 March 2020 at 18.00.

The following documents can be retrieved from beQuoted
Acconeer-awarded-three-design-wins-by-ALPS-ALPINE 200331.pdf

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

Acconeer publishes annual report 2019

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Acconeer AB's annual report for 2019 is from today available on the company's website, investor.acconeer.com.

In order to reduce environmental impact and cost, Acconeer AB will not print the annual report for general distribution. A printed version of the report can be distributed to shareholders upon request.

As previously communicated, the annual general meeting will take place on April 14, 2020, 17.30, at Ideon Gateway (second floor) Scheelevägen 27, 223 63 Lund.

For additional information, please contact:

Lars Lindell, Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

The following documents can be retrieved from beQuoted
Acconeer-publishes-annual-report-2019 200324.pdf
Annual-Report-2019.pdf

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

Acconeer develops integration-ready Entry Module with low system cost

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The planned Entry Module, XM132, will be power and cost-efficient with optimized performance for a range of pre-defined use cases. It will be released during the second half of 2020, to complement Acconeer's module offering, which currently consists of the XM112 High-Performance Module and XM122 IoT Module. With XM132, Acconeer takes the next step in providing a module designed for smooth integration into customer products.

With a solderable design combining an ARM Cortex M0 microcontroller unit (MCU) with the A111 radar sensor, the XM132 Entry Module enables radar-based use cases with ultra-low power consumption at an outstanding system cost. To optimize performance, the module will be provided with software tailored for specific use cases. This way, performance requirements can be met at a more efficient cost for customers implementing these selected focus use cases.

"By combining our A111 radar sensor with an M0 MCU, we can provide a product designed to meet commercial sensor module integration requirements, with a shorter time-to-market for customers. To get the best possible performance on a small and cost-efficient system like the ARM Cortex M0 MCU, we will provide dedicated software optimized for this platform. The module SW will come in different versions targeting some of our most common customer use cases fit for integration on a M0-based system," says Mikael Rosenhed, Acconeer's Head of Product Management.

The ARM Cortex M7-based XM112 High-Performance Module was released in December 2018, to let customers evaluate their use cases on an embedded system with high performance. In October 2019, the XM122 IoT Module was launched targeting connected battery-powered use cases, combining the A111 radar sensor with an ARM Cortex M4 MCU and integrated connectivity such as Bluetooth. Both modules have been very well received by the market, opening up new business segments, which is why Acconeer has decided to take the next step and complement the product offering with the XM132 Entry Module.

For additional information, please contact:
Mikael Rosenhed, Head of Product Management, 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 18, 2020 16.00.

The following documents can be retrieved from beQuoted
Acconeer-develops-integration-ready-Entry-Module 200318.pdf

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

Notice of Annual General Meeting 2020 in Acconeer AB (publ)

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The shareholders of Acconeer AB (publ) (the "Company") are hereby invited to the Annual General Meeting on Tuesday 14 April 2020 at 5:30 p.m. CEST in Ideon Gateway (second floor) Scheelevägen 27, 223 63 Lund. Registration for the Annual General Meeting begins at 4:30 p.m. CEST.

The right to participate in the Annual General Meeting have shareholders that:

are recorded in the company's register of shareholders in their own name (not trustee-registered) maintained by Euroclear Sweden AB on Monday 6 April 2020,

have notified the Company of its intention to participate in the Annual General Meeting by Monday 6 April 2020, by post to Acconeer AB (publ), Scheelevägen 27, 223 63 Lund, by phone +46 (0) 10 218 92 00 on weekdays 09.00-17.00 CEST (to either Jenny Olsson or Henrik Ljung) or by e-mail to info@acconeer.com. For the registration of proxies (two maximum) the same time and address etc. applies.

The notice must state the name, civil identity number or corporate registration number, address, telephone number (daytime), number of shares and, if applicable, representatives and/or proxies names. Shareholders whose shares are registered in the name of a trustee, must register the shares in their own name with Euroclear Sweden AB in order to participate in the meeting. Such registration must be in effect by Monday 6 April 2020. Interested shareholders should notify their trustees well in advance of this date. Such registration may be temporary.

A proxy form is available with the Company and on the Company's website, www.acconeer.com.

Proposed agenda

  1. Opening of the meeting
  2. Election of Chairman of the meeting
  3. Preparation and approval of the voting list
  4. Election of one or two persons to approve the minutes
  5. Determination as to whether the meeting has been duly convened
  6. Approval of agenda
  7. Address by the CEO
  8. Presentation of the annual report and the audit report
  9. Decisions on the following:
    (a) Determination of income statement and balance sheet
    (b) Disposals regarding the Company's profit or loss according to the established balance sheet
    (c) Discharge from liability of the Board of Directors and the CEO
  10. Determination of fees payable to the Board of Directors and the auditors
  11. Election of the Board of Directors and the auditor
  12. Resolution on the issue of warrants and the approval of the subsidiary's transfer pursuant to Chapter 16, Section 4, second paragraph, of the Companies Act
  13. Authorisation of the board of directors to issue new shares
  14. Closing of the meeting

Item 2 – Proposal for election of the chairman of the meeting

The Board of Directors have suggested that attorney at law Henric Stråth, Moll Wendén Law Firm, be elected chairman of the meeting.

Item 9b – Proposals for the Company's profit or loss

The Board of Directors has proposed that no dividend be paid for the financial year 2019 and that the Company's unappropriated funds of SEK 94,750,605, including the loss of the year of SEK -68,539,494, will be carried forward.

Item 10 – Proposal for remuneration to the Board and the auditors

A group of shareholders have proposed that the remuneration to the Board of Directors be paid out with a total of twelve (12) price base amounts, of which four (4) price base amounts to the chairman and two (2) price base amounts each to other members elected by the Annual General Meeting who are not employed by the Company.

The Board of Directors has proposed that remuneration to the auditor be paid in accordance with approved invoice.

Item 11 – Proposal for election of the Board of Directors and auditor

A group of shareholders have proposed that the number of Board members be five (5), that the number of auditors should be one (1) and that no deputy auditors should be appointed.

A group of shareholders have proposed that the Board of Directors shall consist of the following members: Bengt Adolfsson (re-election), Lars-Erik Wenersson (re-election), Git Sturesjö Adolfsson (re-election), Thomas Rex (re-election) and Johan Paulsson (re-election). It is proposed that Thomas Rex is elected chairman of the Board.

Information regarding the proposed members of the Board of Directors is available on the Company's website, investor.acconeer.com.

Furthermore, the re-election of the registered audit company Öhrlings PricewaterhouseCoopers AB has been proposed for a term of one year. Öhrlings PricewaterhouseCoopers AB has announced that, in the event that the audit company is elected, Ola Bjärehäll will continue as the chief auditor.

Item 12 – Proposal for a decision on the issue of warrants and approval of the subsidiary's transfer pursuant to Chapter 16, Section 4, second paragraph, of the Companies Act

The Board has proposed that the Annual General Meeting resolves on an incentive program for individuals who are or will be employed by the Company (individuals employed for a fixed time period are excluded) including the CEO ("Employees") in accordance with the conditions set out below ("Warrant Program 2020/2023").

For the implementation of the Warrant Program 2020/2023, the Board has proposed that the Annual General Meeting resolve to (A) issue warrants series 2020/2023 with deviation from shareholders' preferential rights and (B) approve the transfer of warrants to Employees under the following conditions. Items A-B constitutes a single proposal and shall be handled by the Annual General Meeting through a joint decision.

A. Issue of warrants

  1. No more than 300,000 warrants shall be issued.
  2. With the exception of shareholders' preferential rights, the subscriber shall be the Company's wholly-owned subsidiary Acconeer Incentive AB (the "Subsidiary") with the right and obligation for the Subsidiary to transfer the warrants to the Employees in accordance with paragraph B below.
  3. The Subsidiary shall pay a cash consideration for the respective warrants corresponding to the market value of the warrants at the time of allotment, which shall be determined by an independent valuation institute immediately following the Annual General Meeting using the Black & Scholes valuation model.
  4. Subscription of warrants shall be made on a special subscription list no later than 20 April 2020. The Board of Directors is entitled to extend the subscription period.
  5. Payment for the subscribed warrants shall be made in cash by 5 May 2020. The Board of Directors is entitled to postpone the payment date.
  6. Each warrant entitles the holder to subscribe for one (1) share in the Company.
  7. Subscription of shares under the warrants may take place during the period from 1 May 2023 until 30 June 2023.
  8. The subscription price per share shall correspond to 120 percent 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 from 31 March 2020 through 13 April 2020, however the subscription price per share shall never be less than the quotient value.
  9. The shares subscribed for on the basis of the warrants shall entitle the holder to a distribution of profits for the first time on the first record date of dividends that occur after the subscription of shares has been exercised through the exercise of the warrants.
  10. Applicable translation terms and other terms and conditions for the warrants can be found in "Terms and conditions for warrants series 2020/2023 for new subscription of shares in Acconeer AB (publ)".
  11. The Board of Directors, or the one the Board of Directors appoints, is authorised to make minor adjustments to the Annual General Meeting's decisions and attachments that may prove necessary in connection with the registration with the Swedish Companies Registration Office and Euroclear Sweden AB.

The reasons for the deviation from the shareholders' preferential rights are that the Board of Directors believes that a warrant program that allows employees to gain access to the Company's value development promotes participation and accountability and brings increased motivation to promote favourable economic development in the Company. An incentive program is also expected to contribute to the recruitment and retention of competent, motivated and committed employees.

B. Transfer of warrants to Employees

Warrant Program 2020/2023 shall be carried out mainly as described below.

  1. The warrants shall, for payment, be transferred by the Subsidiary on 20 April 2020 and on 2 November 2020 to the Employees in accordance with the guidelines set out in section B.3.
  2. Transfer according to item B.1 shall be made at market value at the respective transfer dates, which shall be determined by an independent valuation institute using the Black & Scholes valuation model.
  3. Warrants shall be allotted in accordance with the following guidelines:
    • Every Employee on each transfer date shall be given the opportunity to acquire warrants to an amount equivalent to no more than one tenth (1/10) of the Employee's annual income prior to income tax.
    • No more than 150,000 warrants in total may be allotted at each occasion.
  4. There will be no guaranteed allotment and over-subscription cannot occur. In case the subscription of warrants exceeds the highest amount of warrants which may be allotted, allotment of warrants will be made proportionally in accordance with the numbers subscribed for. In the alternative, allotment shall be made by the drawing of lots exercised by the Company.
  5. Transfer of warrants may not take place after the Annual General Meeting 2021, after which non-transferred warrants shall be cancelled. Such cancellation of warrants shall be reported to the Swedish Companies Registration office for duly registration. The right to transfer warrants in Warrant Program 2020/2023 assumes that the Employee holds his position or has signed an agreement thereon by the time of the allotment and not announced or been informed at that time that the employment is intended to be terminated.
  6. Allotment requires that both the acquisition of warrants legally can be made, and that the acquisition of warrants can be made under reasonable administrative and economical efforts.

Costs, dilution and impact on key ratios

As the warrants are subscribed for at market value, the Company is of the opinion that there will be no social costs for the Company as a result of the issue. However, some costs may arise in case the subscription price exceeds the initially estimated market value. The costs will therefore mainly consist of limited costs for the implementation and administration of the warrants. Warrant Program 2020/2023 is not expected to entail any costs of significance to the Company. For this reason, no measures for hedging the program have been taken.

Assuming that all 300,000 warrants in Warrant Program 2020/2023 are exercised for subscription of new shares, the Company's share capital will increase by no more than SEK 15,000, resulting in a maximum dilution effect of approximately 1.54 percent. The key figure earnings per share for the full year 2019 had changed in such a way that the loss per share had decreased by approximately SEK 0.06 from about SEK 3.58 to about SEK 3.52. In addition, existing warrant programs includes 853,000 new shares in the Company, corresponding to a dilution effect of approximately 4.25 percent. Overall, existing warrants and Warrant Program 2020/2023 can result in a maximum dilution effect of approximately 5.65 percent.

The above estimates are subject to revaluations of the warrants under the usual translation terms contained in the full terms. All dilution effects have been calculated as the number of additional shares in relation to the number of existing plus additional shares.

Preparation of the proposal

The Board of Directors' proposal has been prepared by the Board of Directors together with external advisors. Board members will not be allotted.

Majority requirements

The resolution of the Annual General Meeting in accordance with the Board's proposals under items A-B above is proposed to be adopted as a joint decision. A valid resolution requires that the resolution be supported by shareholders with at least nine tenths (9/10) of both the votes cast and the shares represented at the Annual General Meeting.

Item 13 – Proposal for a decision regarding authorisation of the board of directors to issue new shares

The Board of Directors proposes that the meeting authorises the Board of Directors until the next Annual General Meeting to, on one or more occasions, resolve to increase the Company's share capital by issue of no more than shares corresponding to twenty-five (25) percent of the total number of shares in the Company at the time of the meeting's decision of authorisation.

However, such issues may not cause the share capital in the Company to exceed the Company's highest allowed share capital according to the articles of association. The Board of Directors may deviate from the shareholders' preferential rights. The reason for the Board of Directors' authorisation to deviate from the shareholders' preferential rights is to enable the Company's possibilities to raise new capital and to take advantage of future opportunities to attract new long-term owners and to finance the Company's growth strategy. The authorisation also includes the right to decide on payment for the issued shares by set-off, in kind or with other conditions as referred in Chap. 13 Sec. 5 item 6 of the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)). At a deviation from the shareholders' preferential rights, the issue rate shall be determined in accordance with market conditions.

For a valid resolution on the proposal in this item 13, the proposal have to be supported by shareholders representing at least two-thirds (2/3) of the votes cast as well as shares represented at the meeting.

Available documents

Accounting documents, auditor's report and the Board of Directors' complete proposal for a decision under item 12 will be available with the Company and on the Company's website, www.acconeer.com, no later than 24 March 2020, and will be sent to the shareholders who request it and state their postal address. Copies will also be available at the Annual General Meeting.

Information at the Annual General Meeting

At the Annual General Meeting, the Board of Directors and the CEO shall, if any shareholder requests it and the Board of Directors believes that it can be done without material harm to the Company, provide information on circumstances that may affect the assessment of matters on the agenda as well as conditions that may affect the assessment of the Company's financial situation.

The number of shares and votes in the Company

The total number of shares in the Company amounts to 19,238,500. The company only has one class of shares and the total number of votes in the Company amounts to 19,238,500.

Processing of personal data

For information on how your personal information is handled, the Company refers to the integrity policy available on Euroclear's website https://www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf.

Lund in March 2020
Acconeer AB (publ)
Board of Directors

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, Mail: ir@acconeer.com

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.

The following documents can be retrieved from beQuoted
Notice-of-Annual-General-Meeting-2020-in-Acconeer-AB-publ.pdf

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

Acconeer receives an order from a European customer worth USD 14 700

By

The order relates to Acconeer's A111 radar sensor, for production of the customer's IoT solution.

Lars Lindell, CEO Acconeer, comments: "About two years after launch, we see another order confirming that our customers now are ready to start mass-production of systems containing our A111 radar sensor."

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 March 10, 2020 10.00.

The following documents can be retrieved from beQuoted
Acconeer-receives-order-from-European-customer 20200310.pdf

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