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Acconeer receives order in level measurement worth USD 110 000

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The order comes from CODICO and relates to Acconeer’s radar module XM132 for mass production of remote tank level measurement customer products. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.

Ted Hansson, CEO, comments: “We are happy to see another volume order for the fast growing level measurement market, where we know we have a strong offering with our high accuracy and low power consumption.”

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.

Acconeer receives order within level measurement worth USD 125 000

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The order comes from Micro Summit K.K. and is intended for level sensing in tanks with a major Japanese module maker. The order relates to the A121 pulsed coherent radar sensor for mass production.

CEO Ted Hansson comments: “It is great to see a large order in level measurement, which is one of our focus areas and an important market for us. The fact that we get volume orders in our focus areas shows that our go-to-market strategy is starting to give results.”

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.

Acconeer receives order within Cargo Tracking worth USD 160 000

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The order comes from Data JCE Electronics Ltd and relates to Acconeer’s A121 Pulsed Coherent Radar sensor for mass production of cargo tracking solutions. It is Acconeer’s first larger order in the cargo tracking segment. Data JCE Electronics Ltd is one of Acconeer’s distributors in the EMEA region.

Magnus Gerward, Business Development Director at Acconeer comments: “It is great to see a first high volume order for the cargo tracking segment, which we expect will become an increasingly important part of our business over the coming years.”

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.

Acconeer receives order from BEYD worth USD183,000

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

CEO Ted Hansson comments: “China is an important market for us, and we are happy receive another large order intended for volume production of customer products.”

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.

Acconeer receives order from Restar worth USD166,000

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The order relates to Acconeer’s A1 Pulsed Coherent Radar sensor for a customer utilizing it for a level measurement application. Restar Electronics Americas is one of Acconeer’s distributors serving the North America region.

CEO Ted Hansson comments: “We are happy to receive a follow-up order from Restar, confirming the increased interest in our products for the North American 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.

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.

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.

Acconeer receives largest order yet from NEXTY Electronics worth 1,8 million USD

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The order relates to Acconeer's pulsed coherent radar sensor A1 for mass production and is the largest order Acconeer has received so far. The sensors ordered will be delivered to NEXTY Electronics (“NEXTY”) during 2024. A pre-payment of the full value will be made no later than April 2024. NEXTY is a leading Japanese distributor with a particularly strong position in the automotive industry.

CEO Lars Lindell comments: “To receive our by far largest order yet and pre-payment covering NEXTY’s needs for the full year 2024 confirms what we previously have stated that the automotive ramp-up starts this year, which is of course something we are very excited about.”

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.

In January 2024 Acconeer announced the intention to carry out a fully guaranteed rights issue and stated that the company is expected to be able to finance its business plan with existing cash until the middle of May 2024. With this payment from NEXTY, this period is extended, and the company now expects to have sufficient cash to operate until the middle of August 2024.

Acconeer receives order from Nexty worth USD 190k

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The order relates to Acconeer's pulsed coherent radar sensor A1 for mass production. NEXTY Electronics is a leading Japanese distributor with a particularly strong position in the automotive industry.

CEO Lars Lindell comments: "Nexty is our distributor for the car industry and this volume order, following the one announced in October, confirms that the automotive production ramp-up is now happening. We are of course very happy about this and expect to see even higher volumes shipped to the automotive industry going forward.”

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.

Acconeer receives order from Nexty worth USD 150,000

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The order relates to Acconeer's pulsed coherent radar sensor A1 for mass production. NEXTY Electronics is a leading Japanese distributor with a particularly strong position in the automotive industry.

CEO Lars Lindell comments: "Nexty is our distributor for the car industry and this volume order shows that mass production is now starting for the car models at a European car manufacturer in the premium segment where we previously communicated design wins. We are of course very happy about this and expect that our volumes to the automotive industry will continue to increase in the coming years.”

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.