Brief: Acconeer And Alps Alpine Sign Joint Development Agreement
19/03/2021 08:06
March 19 (Reuters) - Alps Alpine Co Ltd 6770.T :
* ACCONEER AND ALPS ALPINE HAVE SIGNED A JOINT DEVELOPMENT
AGREEMENT OF NEXT-GENERATION SENSING TECHNOLOGY
* CONTRACT IS BASED ON PRINCIPLES IN MOU SIGNED AND
ANNOUNCED IN
APRIL 2020
* ALPS ALPINE WILL RECEIVE EXCLUSIVITY FOR NEW PRODUCT FOR
AUTOMOTIVE MARKET
* PRODUCT IS PLANNED TO BE READY FOR PRODUCTION DURING 2024.
* ALPS ALPINE WILL CONTRIBUTE UP TO USD 6 MILLION TOWARDS
DEVELOPMENT
* PAYMENTS ARE EXPECTED TO COMMENCE IN 2021 AND END IN 2024
Source text for Eikon: ID:nBQN4gbXp9
Further company coverage: 6770.T
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