Brief: Gapwaves, Valeo Enter Agreement For Radar Antennas

Gapwaves AB

28/10/2024 07:54

Oct 28(Reuters) - Gapwaves  GAPWb.ST :
    * SAID ON SUNDAY GAPWAVES, VALEO ENTER INTO A JOINT
DEVELOPMENT
AND SUPPLY AGREEMENT FOR RADAR ANTENNAS
    * CONTRACT HAS EXPECTED SALES VALUE OF MID-RANGE DOUBLE
DIGIT MEUR
OVER ABOUT 10 YEARS, STARTING IN 2025
    * AFTER SUCCESSFUL DEVELOPMENT, GAPWAVES WILL PRODUCE AND
SUPPLY
THE AUTOMOTIVE RADAR ANTENNAS IN SERIAL VOLUMES TO VALEO,
STARTING IN 2025
    * NRE-SERVICES AND RELATED REVENUE IN 2025 TO REACH START OF
PRODUCTION (SOP) IS ALSO PART OF AGREEMENT

        
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