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Acconeer’s Pulsed Coherent Radar sensors now fully certified according to new US regulations

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As of today, Acconeer’s A121 and A111 Pulsed Coherent Radar sensors are certified as compliant with the new rules for the 60GHz frequency band in the USA. The compliance has been verified by Cetecom advanced following the recent adoption of the new regulations.

CEO Lars Lindell comments: “This is an expected yet very important step for us and our customers on the American market, since it simplifies the launch of new products in the US significantly. As previously communicated, we are ramping up our sales activities in USA, and we look forward to seeing an uptake in activity and hopefully sales in the region.”

The grant is a modular approval including the use of lenses. This will reduce the cost of certification and time to market for Acconeer’s customers.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

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Acconeer’s Pulsed Coherent Radar sensors now fully certified according to new US regulations

Acconeer’s Pulsed Coherent Radar sensors now fully certified according to new US regulations
2023-09-05

Acconeer signs distribution agreement with Turkish Ansal Component

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

CEO Lars Lindell comments: “The Turkish market is large and strategically important in the region, and we are happy to sign Ansal as our distributor to better access that area.”

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-08-29 09:30 CEST.

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Acconeer signs distribution agreement with Turkish Ansal Component

Acconeer signs distribution agreement with Turkish Ansal Component
2023-08-29

Sales start for two new car models using Acconeer radar sensors with an estimated annual value of USD 350k

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Acconeer's A1 pulsed coherent radar sensor is used in two new car models from one of the top two American high-volume car makers for the use case access control, which allows touchless opening of the trunk of a car. Acconeer estimates the annual value of these models to USD 350k over seven years. Sales to this customer are reflected in sales to Acconeer's distributors.

These new car models follow last year’s launch of an electrical vehicle from the same car maker.

CEO Lars Lindell comments: “At Acconeer we are excited to see new models coming from this large player in the car industry, and it confirms that our technology works well and is part of an attractive product. We expect to see more car launches 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.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

Attachments
Sales start for two new car models using Acconeer radar sensors with an estimated annual value of USD 350k

Sales start for two new car models using Acconeer radar sensors with an estimated annual value of USD 350k
2023-08-14

Interim report Q2 2023

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In the second quarter 2023, Acconeer's net sales amounted to kSEK 6,399. Close to 15,000 modules and 67,000 sensors were sold. In total, Acconeer has sold 1,656,662 radar sensors and 149,678 modules since launch. In the quarter as much as 425 evaluation kits were sold, and an accumulated 6,669 EVKs have been sold since launch. The gross margin in Q2 was 61% and eight new customer products were launched.

CEO Lars Lindell comments: “We are of course disappointed by the weak sales, but seeing strong sales of EVKs and high customer activity we are convinced that the weak sales are due to the general temporary industry downturn. Besides this, the most important event during Q2 was the new regulations for the US market, which will open up for new and existing customers to expand their business in North America.”

SECOND QUARTER

  • Net sales for the second quarter amounted to kSEK 6,399 (10,779).
  • The gross margin on sales of goods was 61 (62)%.
  • Result after taxes amounted to kSEK -13,498 (-12,197).
  • Earnings per share before and after dilution was SEK -0.51 (-0.47) SEK.
  • The cash flow from operating activities was kSEK -10,803 (-10,028).

FIRST SIX MONTHS

  • Net sales for the first six months amounted to kSEK 16,530 (20,900).
  • The gross margin on sales of goods was 60 (62)%.
  • Result after taxes amounted to kSEK -25,625 (-26,078).
  • Earnings per share before and after dilution was SEK -0.97 (-1.01).
  • The cash flow from operating activities was kSEK -20,535 (-21,153).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 30,541 (117,941).

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

  • Acconeer signed distribution agreement with Korean TecAhead.
  • Acconeer received automotive design win with a forecasted value of USD 800k.
  • Acconeer received order from Micro Summit K.K. worth USD 138k.
  • Acconeer received order from SweIoT worth USD 104k.
  • Acconeer signed a loan facility agreement of up to SEK 60 million.
  • Acconeer received order from BEYD worth USD 160k.
  • Distribution agreement was signed with Data JCE Electronic.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer partners with Convergence Promotions to expand sales network in North America.

The interim report is attached to this press release and available through Acconeer's website: https://investor.acconeer.com/en/financial-reports/.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-07-21 07:30 CEST.

Attachments
Acconeer Q2 2023 ENG

Acconeer Q2 2023 ENG
2023-07-21

Acconeer partners with Convergence Promotions to expand sales network in North America

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Acconeer has signed a contract with Convergence Promotions LLC to promote and sell Acconeer’s Pulsed Coherent Radar products on the North American market including the US, Canada and Mexico. The contract means that Convergence Promotions will promote Acconeer products and build a large network of sales representatives, starting from today. This way Acconeer will complement the current sales setup with much increased coverage all over North America.

Magnus Gerward, Head of Business Development, Acconeer comments: “The US market is one of the most important ones globally, and we have seen strong sales figures for our evaluation kits there for several years. Based on this we want to strengthen our sales presence, and with the recent decision by the FCC to update the regulations for 60GHz radar the timing to do so is optimal. We look forward to seeing what customers and business leads the collaboration with Convergence Promotions will bring!”

Glenn ImObersteg, President of Convergence states, “It’s a privilege to represent a technology leader like Acconeer in North America, and anticipate great success in bringing their market-leading low-power radar products for IoT, Industry and consumer solutions to our established buyer network and marketing territories.”

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 is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-07-10 09:45 CEST.

About Convergence Promotions LLC
Since 1990, Convergence Promotions has designed and managed premier partner and sales programs for a dozen of the world’s largest technology companies, including ARM, NXP, Microsoft, Intel and Siemens. Our programs increase sales by augmenting distribution channels and supplier sales with coast-to-coast coverage through our network of Independent sales representatives.

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.

Attachments
Acconeer partners with Convergence Promotions to expand sales network in North America

Acconeer partners with Convergence Promotions to expand sales network in North America
2023-07-10

Acconeer registers an increased number of shares through subscription via warrants

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Acconeer AB's share capital and number of shares increases due to the exercise of warrants in series TO3 (2020/2023). As a result, the company is increasing its cash by SEK 6,4 million.

A total of 305,986 new shares were subscribed for in Acconeer AB with the support of the warrants TO3. Subscription has taken place in installments during the subscription period that ran from the first of May 2023 until and including 30 June 2023. The last installment of these subscriptions will be registered with the Swedish Companies Registration Office (Bolagsverket) shortly.

After the shares subscribed for in connection with the end of the subscription period have been registered with the Swedish Companies Registration Office, the total number of shares in Acconeer AB amounts to 26,637,783, with a quota value of SEK 0.05 per share. The share capital in Acconeer AB thus amounts to SEK 1,331,889 after the completion of the warrant program.

CEO Lars Lindell comments: “The subscription warrants are an important part of Acconeer’s incentive program which is an integral part of attracting and retaining talents, and an attractive way for employees and management to invest in the company.”

In connection with the subscription of shares, some members of the management team have increased their holdings of shares in Acconeer. The current holdings are available on the company's website: https://investor.acconeer.com/en/corporate-governance/management-team/.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

Attachments
Acconeer registers an increased number of shares through subscription via warrants

Acconeer registers an increased number of shares through subscription via warrants
2023-07-03

Acconeer develops A121-based IoT Module

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Following the popularity of our previous XM122 IoT Module, we are now developing a new version using the A121 pulsed coherent radar sensor for even better performance. The new module will be called XM126 and will be the perfect choice for customers looking to create connected, battery-powered products. The product including an evaluation kit (EVK) will be available to buy before the end of 2023.

CEO Lars Lindell comments: “Our previous IoT Module is one of our best-selling products and is appreciated by customers who need a connected and power efficient module to integrate directly into their IoT products. With the XM126 we provide them with the option to use the new A121 radar, for even higher performance and data quality.”

The XM126 IoT Module is the second module featuring the new A121 pulsed coherent radar sensor, and will be a low power connected radar module in an optimized circular form factor with a diameter of 33 mm. This IoT module integrates the A121 sensor with the Nordic nRF52840 System on Chip (SoC) that supports a 32-bit 64 MHz Arm® Cortex®-M4 CPU and supports several options for wireless connectivity. Just like XM122, the XM126 will be compatible with the XA122 Battery Board and the waterproof CA122 IoT Casing.

Acconeer's first module, the ARM Cortex M7-based XM112 High-Performance Module, was released in December 2018, allowing customers to evaluate their use cases on an embedded system with high performance. Since then, the module portfolio has been extended and with the release of the XM126 there will be a total of seven modules available in three different segments: High-Performance Modules for customers who want high processing power, IoT Modules for use cases where built-in connectivity is needed and Entry Modules for lowest possible system cost.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com
Mikael Rosenhed, Head of Product Management Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

Attachments
Acconeer develops A121-based IoT Module

Acconeer develops A121-based IoT Module
2023-06-29

Acconeer releases Breathing Rate Reference Application

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The new reference application for Acconeer’s A121 Pulsed Coherent Radar sensor is intended to shorten the time to market for customers and will be available on the company’s website this week. Thanks to the A121 radar sensor’s unmatched precision when it comes to detecting small movements, it can accurately measure the breathing rate of a person standing, sitting, or lying down.

CEO Lars Lindell comments: “We have several customers looking into the area of vital signs monitoring. With the new reference application for A121 we provide a tool that will simplify their development and shorten the time to market.”

The global market for vital signs monitoring is growing rapidly and to measure respiratory rate is useful in a range of products and use cases. For example, a baby monitor measuring breathing rate can give important information to parents about their child’s sleeping pattern. A device measuring respiratory rate on the nightstand can provide information about a sleeping person’s general health status. It can also be a useful tool for monitoring sleep apnea.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

Attachments
Acconeer releases Breathing Rate Reference Application

Acconeer releases Breathing Rate Reference Application
2023-06-28

Acconeer signs distribution agreement with Data JCE Electronic

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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.”

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-06-26 14:45 CEST.

Attachments
Acconeer signs distribution agreement with Data JCE Electronic

Acconeer signs distribution agreement with Data JCE Electronic
2023-06-26

Ripple 2.0 open-radar API standard now available

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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.

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@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.

Attachments
Ripple 2.0 open-radar API standard now available

Ripple 2.0 open-radar API standard now available
2023-06-21