Gothenburg, June 13, 2024: Gapwaves and Sensrad have signed a supplier agreement for the serial production and supply of antennas for Sensrad’s Hugin D1 imaging radar sensor. The agreement has an expected minimum sales value of approximately MSEK 8.3 for Gapwaves over a three-year period.
In April 2023, Gapwaves invested in Sensrad, and now holds 30 percent ownership in the company. Sensrad offers a unique 4D Imaging Radar sensor based on the latest software and hardware technology, including Arbe's leading chipset and Gapwaves’ antenna technology. Sensrad provides its radar sensor for applications and customers outside of Automotive.
Gapwaves CEO Jonas Ehinger comments:
“It is very positive for us to see that also Sensrad is moving towards start of production and serial supply of antennas for its novel product Hugin D1. This new agreement adds to the growing list of Gapwaves antennas that are moving into the production phase. We are especially happy to have developed the most advanced and capable waveguide antenna to date utilizing Gapwaves’ unique Multi-Layer Waveguide technology in close collaboration with Sensrad, which now also is putting the most advanced and capable 4D imaging radar sensor on the market.”
© Modular Finance, source Nordic Press Releases
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