Acconeer receives an order from Codico worth USD 177 600 and another one from Nexty Electronics worth USD 81 600. Both orders relate to Acconeer's A1 pulsed coherent radar sensor for customers' mass production. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria. NEXTY Electronics is a leading Japanese distributor with especially strong coverage of companies in the automotive sector.
Lars Lindell, CEO Acconeer, comments: "There is much to be happy about receiving two large orders on the same day: that it is a very clear signal that our strong growth is stable and will continue in 2022, but also that the orders are the second wave of volume orders for new use cases such as the automotive industry and the lawnmower industry. Opening up new markets is a very important part of our growth strategy and now two orders are coming on the same day."
In addition to publicly announced orders, Acconeer continuously receives orders of smaller amounts which are not publicly announced as they are not considered to affect the share price.
For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone: +46 10218 92 00, E-mail: email@example.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 February 17,2022 09.30.
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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) and can be contacted via telephone +46(0)8 121 576 90 or via e-mail firstname.lastname@example.org. For more information: www.acconeer.com.