Gapwaves receives an order for high-volume production equipment from Frencken Group
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Informationsteknik |
| Industri | Infrastruktur |
Gothenburg, January 8th, 2024: Gapwaves has received an order from Frencken Group regarding production equipment for assembly and testing of waveguide antennas in high-volume. The order has a total value of ca. 2.0 MEUR and is expected to be delivered and commenced during 2024 and H1 2025.
The production equipment from Gapwaves will be used for high-volume production of radar antennas in Frencken Group’s production facility in Chuzhou, China. This concerns high-volume production lines for an automotive corner radar antenna with Start of Production (SOP) in 2024, which is an important milestone for Gapwaves in the automotive waveguide antenna market.
The two companies earlier today announced strengthened partnership, establishing Gapwaves as a single source partner for the customers, and Frencken as contracted production partner for Gapwaves.
Gapwaves CEO Jonas Ehinger comments:
“We are happy for this order for additional production equipment from our partner Frencken. It is a significant natural step when SOP of the antenna in this case is getting closer and additional capacity in the production is needed to move towards the high-volume phase. We look forward to further collaboration and growth together with Frencken Group.”