Gapwaves: Receives an order for high-resolution radar antennas from a brand new automotive tier 1 buyer

Gapwaves has received an order for a new project for 77 GHz antennas for automotive radar and thus begins a cooperation with another of the largest suppliers to the automotive industry. The delivery includes the design / development and production of antenna prototypes for a 77 GHz high-resolution radar. The value of the initial order is approximately SEK 0.4 million and delivery is estimated in the third quarter of 2021.

The order is the first commercial collaboration with this customer. The project aims to develop antennas for more advanced high-resolution automotive radar. A high-resolution radar can identify and differentiate between several different objects compared to today’s radars. In addition, it can have a longer field of view of up to 350 meters.

Lars-Inge Sjöqvist, CEO of Gapwave, comments on the deal;
“We are grateful for this new collaboration. We see the fact that another leading automotive supplier is evaluating our technology for its next-generation automotive radar as a sign of strength and a step towards making Gapwave’s technology the standard for waveguide-based technology 77 GHz radar antennas. Our recently signed contract with HELLA with exclusivity for corner radar has no influence on this new project, “adds Sjöqvist.

For more information, please visit the company’s websites, www.gapwaves.com, or contact:
Lars-Inge Sjöqvist, CEO
Telephone number: +46 736 84 03 56
Email: lars-inge.sjoqvist@gapwaves.com

Gapwaves Certified Adviser is G&W Fund Commission
Telephone number: +46 (0) 8 503 000 50
Email: ca@gwkapital.se
www.gwkapital.se

About Gapwaves AB
Gapwaves grew out of research at Chalmers University of Technology and was founded in 2011. Gapwave’s vision is to be the most innovative mm-wave antenna system provider and the partner of choice for pioneers in next-generation wireless technology. By using disruptive gapwaves technology, we help pioneers in telecommunications and the automotive industry to develop highly efficient mm-wave antenna systems that help redefine everyday life. Gapwaves markets are, for example, mmWave in 5G telecom and automotive.

The Gapwaves share (GAPW B) is traded on Nasdaq First North Stockholm with the G&W Fund Commission as a Certified Adviser.

https://news.cision.com/gapwaves-ab/r/gapwaves-receives-an-order-for-high-resolution-radar-antennas-from-a-new-automotive-tier-1-customer,c3379931

https://mb.cision.com/Main/15316/3379931/1441007.pdf

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