Acconeer signs a distribution agreement with Japanese Restar Electronics

The radar technology company Acconeer AB has signed a distribution agreement with Restar Electronics Corporation, a leading distributor in Japan with especially strong coverage of companies in the consumer electronics segment. Initially, the agreement includes Pulsed Coherent Radar sensor A1 product and the evaluation kits and covers the Japanese market.

Lars Lindell, CEO of Acconeer, comments: "We have been working together with Restar Electronics Corporation for some time now, and they have already ordered sensors from us as we announced in May. It is with great pleasure that we now can formalize our cooperation further with a distribution agreement. Japan is an important market in our rollout strategy and Restar will be a great partner for us going forward."

Hiroshi Yajima, President of Restar Electronics Corporation, comments: "We have worked with Acconeer for some time now, and as our order in May indicates we have seen very strong interest from our customers in their unique radar sensor. Restar Electronics Corporation serve many of the large consumer electronic corporations active on the Japanese market and we believe that Acconeers potentially disruptive sensor will attract many of them going forward. It is with great anticipation we look forward to what this cooperation will lead to."

2019-07-22

For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone +46 10 218 92 00, Mail: [email protected]
Hiroshi Yajima, President Restar Electronics Corporation, Phone 81-3-5781-1011

This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on 22nd July 2019 at 09.30.

About Restar Electronics Corporation
In addition to selling various kinds of semiconductors, devices and measurement equipment, Restar Electronics Corporation responds to all customer's requirement by solution proposal, technical development support, ODM, etc. and develops value-added business. For more information: https://www.restargp.com/

About Acconeer AB
Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Stockholm with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail [email protected]. For more information: www.acconeer.com.


Om Acconeer

Baserat på banbrytande forskning från Lunds universitet har Acconeer utvecklat världens minsta, kostnadseffektiva och energisnåla högprecisions 3D radarsystem.

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Marknad Nasdaq First North Growth Market Kortnamn ACCON ISIN-kod SE0010546242 Certified Adviser Redeye

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Lars Lindell VD [email protected] 010-218 92 00