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SALES START FOR A NEW CAR MODEL USING ACCONEER RADAR SENSOR WITH AN ESTIMATED TOTAL VALUE OF USD 350K

Acconeer's A1 pulsed coherent radar sensor is used in a new car model 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 total value of this model to USD 350k spread over seven years. Sale to this customer is reflected in sales to Acconeer's distributors.

This new car model follows three previous models from the same car maker.

CEO Lars Lindell comments: “At Acconeer we are excited to see yet another model coming from this large player in the car industry, where we now see that that the system for access control incorporating our sensor has become a standard product. We expect to see more car launches from this and other manufacturers 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.