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Keep receiving news and updates from Gapwaves by subscribing

Gapwaves has changed news distributor. If you want to continue receiving press releases, news and financial information from the company, you can click on the link below to subscribe: Click here to subscribe  For more information, please visit www.gapwaves.com or contact: Jonas Ehinger, CEO Gapwaves AB Phone number: + 46 733 44 01 52 E-post: jonas.ehinger@gapwaves.com Robert Berhof, CFO Phone number: +46 706 00 59 07 E-post: robert.berhof@gapwaves.com  (robert.berhof@gapwaves.com ) Gapwaves certified adviser is G&W Fondkommission

Gapwaves publishes Interim Report for the third quarter 2023

Launch of a new technologyA major event during the quarter was the launch of a new antenna technology, Multi-Layer-Waveguide (MLW), enabling the manufacture of metal waveguide antennas and catering to the evolving needs of our customers. The technology and its properties have been confirmed in collaborative projects with customers such as Bosch, Sensrad, and another yet unnamed Tier 1 automotive customer. Continued scale-upDuring the quarter, work has continued in developing our supply chain and expanding our own production capacity while ensuring compliance to the high quality

Invitation to attend Gapwaves’ presentation at Redeye Autotech, Q3 webcast and live Q&A, Stora Aktiedagen

Gapwaves will publish the interim report for the third quarter 2023 on Thursday, October 26, 2023, at approximately 8:30 a.m. (CEST).Gapwaves will hold a presentation at Redeye Autotech on October 26[th], at 11.40 a.m. (CEST). Those who wish to watch the live broadcast or ask questions need to register via this link: https://www.redeye.se/events/908669/redeye-theme-autotech-2 Gapwaves CEO Jonas Ehinger and Gapwaves Head of Project Management Oscar Ek will hold a webcast on November 2[nd], at 09.00 a.m. (CEST) regarding the third quarter. The webcast can be accessed via this link: https://

The nomination committee in Gapwaves appointed

Gothenburg, October 12, 2023: According to the instructions for the nomination committee in Gapwaves which was adopted at the annual general meeting on April 26, 2019, the nomination committee, in addition to the chairman of the board, should consist of representatives of the three largest registered shareholders in terms of votes as of August 31 of the year before the year in which the annual general meeting occurs.After the three largest shareholders have each appointed a representative, the chairman of the board has convened the nomination committee for its first meeting. The nomination

Gapwaves and NXP collaborate on high performance radar system solution

Gothenburg, September 18, 2023: Gapwaves today announces a new collaboration with NXP® Semiconductors, the market leader for automotive radar semiconductors. Together the companies will develop 3D waveguide antenna solutions based on NXP’s SAF85xx, an industry-first 28nm RFCMOS radar one-chip IC for next generation ADAS and autonomous driving systems, and Gapwaves proprietary waveguide antenna technology. The collaboration aims to enable unprecedented levels of radar detection range and Field of View (FoV) performance.NXP is a world leading manufacturers of semiconductors for the automotive,

Gapwaves unveils breakthrough MLW technology for affordable high-frequency low-loss solutions

Gothenburg, September 14, 2023: Since its introduction, Gapwaveguide technology has revolutionized high-performance low-cost mmWave solutions. Offering the performance of waveguide solutions at a fraction of the cost, Gapwaves brings high-end performance to the industry. Today, the company unveils Multi-Layer Waveguide (MLW), a breakthrough evolution of its proprietary technology made possible by an elegant synergy of design and manufacturing.Beyond the advantages that waveguides offer, MLW brings unparalleled manufacturing agility, low cost, extremely thin profiles, native thermal handling,

Gapwaves publishes Interim Report for April – June 2023

Press release from Gapwaves AB (publ)   Gothenburg, August 23rd, 2023  Stronger interest from Automotive, in spite of slower sales The second quarter was characterized by a high level of activity, primarily in the Automotive segment where work on the contracted development of antennas for customers’ future radar sensors continued.   Strategic investment in Sensrad During the period, we took a step in a new strategic initiative by investing in Sensrad in order to assume a stronger position in radar sensors for Mobility, SmartCity and other industrial market segments.   Second

Gapwaves receives a new order from Hella for additional development.

Gothenburg, August 1, 2023: Gapwaves has received an additional order from Hella for the continued development of the antenna for their new ADAS radar sensor generation. This antenna project is following the first joint antenna project that started in 2021 and which is planned for start of production in 2024. This order for the next generation radar sensor antenna has a value of approximately MSEK 4, with expected delivery in the third and fourth quarters of 2023.For more information, please visit the company’s website www.gapwaves.com or contact:    Jonas Ehinger, CEO   Phone number:

Gapwaves receives a new order from European Tier 1 supplier

Gothenburg, July 4[th], 2023: Gapwaves has received a follow-up order from the Tier 1 supplier, which Gapwaves started a collaboration with in Q1 2023. The project is a follow-up order and includes design, development and production of high-resolution radar antennas. The order value is approximately MSEK 3.7 with expected delivery in the third quarter of 2023.Gapwave's CEO, Jonas Ehinger, comments:  “We are happy that the collaboration with this additional Tier 1 supplier is both progressing and deepening according to expectations by both parties. We are also pleased that they are

Gapwaves receives order from Hella intended for new generation of ADAS radar sensor

Gothenburg, June 05, 2023: Gapwaves today announces a new order from Hella that includes design, development and production of antenna prototypes for their new generation 77 GHz automotive radar sensor for ADAS systems. The order value is approximately MSEK 3.7 with expected delivery in the third quarter of 2023.Gapwaves received the first order in April 2022 related to this new generation of radar sensors. Hella is now moving forward in the project into its next phase and has a clear strategy for launching their next generation radar family utilizing Gapwaves proprietary waveguide antenna

Gapwaves receives the first order from Sensrad

Gothenburg, June 2, 2023: Gapwaves has received the first order from the associated company Sensrad. The initial order includes design, development, and delivery of high-resolution radar antennas. The value of the order is estimated to approximately MSEK 4.5 with expected delivery in Q4 2023.Sensrad is a recent spin-out venture from Qamcom’s Radar division since January 1, 2023 and offers an unique 4D imaging radar sensor based on sophisticated software and hardware technology, including the leading radar chipset from Arbe (NASDAQ: ARBE). Gapwaves became a part owner of Sensrad through a

Gapwaves receives a new order from additional leading European Tier 1 supplier

Gothenburg, May 23, 2023: Gapwaves has received an order for a new project of high-resolution radar antennas from the Tier 1 supplier that a collaboration started with in Q1 2023. The order includes a kick-off phase to define concept and design of a high-resolution radar antenna. The value of the initial order is approximately MSEK 1.Gapwave's CEO, Jonas Ehinger comments:“We are grateful and excited for this new order and that another Tier 1 supplier chooses Gapwaves antenna technology. In this case, the customer has a very clear agenda, and we expect that this initial project will result

Gapwaves makes a strategic investment into the radar sensor market by acquiring a minority stake in Sensrad

Gothenburg, April 27, 2023: Gapwaves AB (publ) (“Gapwaves”) has entered into an agreement through which Gapwaves will become owner of 30 per cent of the share capital of Sensrad AB (“Sensrad”), previously a fully owned subsidiary of Qamcom Group AB (“Qamcom”). The investment is carried out by subscription of newly issued shares in Sensrad and the total investment amounts to SEK 40 million, funded by cash on hand. In addition, Gapwaves has the right to acquire on certain terms an additional 30 per cent share of Sensrad up until June 30, 2024.Sensrad is a recent spin-out venture from Qamcom’s

Gapwaves interim report January-March 2023, Q1

Strategic projects developed according to plan The first quarter of the year is characterized by increased interest for Gapwaves products and a positive momentum in ongoing strategic projects. Strong market development The market develops and the demand for vehicle radar rises. Today, radar technology is used in Automotive for example in emergency braking systems and Adaptive cruise control. In addition to that, the Mobility sector is requesting more advanced high resolution radar sensors to within a few years be able to offer vehicles with a higher degree of self-driving functions

Gapwaves publishes Annual report for 2022

Gapwaves AB has published the Annual Report for 2022. The full report is available at Gapwaves website; Financial reports, download  and as attachment to this press release.Strong position within the automotive radar market Through agreements and partnerships with Veoneer, Hella and Bosch among others, Gapwaves now is an established brand with a strong position as a globally leading supplier of waveguide antennas in the market for advanced driver assistance and automated vehicles of various types. Gapwaves has a

Gapwaves in new agreement with Smartmicro

Gothenburg, March 6, 2023: Gapwaves and Smartmicro have signed a new supplier agreement for development and supply of high-resolution radar antennas. The agreement has a total minimum value of appr. MSEK 9 over a three-year period.This is a new contract and follow-up order from Smartmicro, one of the market-leading players within radar for traffic management and radars for the automotive industry. Since 2020 Smartmicro and Gapwaves have collaborated in several joint development agreements around Gapwaves waveguide antennas. In addition to development of a new version of the antennas for

Gapwaves receives order from Hella for new generation of ADAS radar sensor

Gapwaves today announces a new order from Hella that includes design, development and production of antenna prototypes for their new generation 77 GHz automotive radar sensor for ADAS systems. The order value is approximately MSEK 3.8 with expected delivery in the second quarter of 2023.Gapwaves received the first order in April 2022 related to this new generation of radar sensors. Hella is now moving forward in the project into its next phase and has a clear strategy for launching their next generation radar family utilizing Gapwaves proprietary waveguide antenna technology. This new

Gapwaves publishes Year End Report 2022

Fourth quarter: 1 October – 31 December 2022 (Parent company)  · Net sales amounted to MSEK 11 (MSEK 9)   · EBITDA amounted to MSEK -9 (MSEK –7.2)   · Net result amounted to MSEK -11.1 (MSEK –9) corresponding to SEK -0.36        (SEK -0.30) per share   · Cash flow for the period was MSEK 7.3 (MSEK –7.8) and cash and cashequivalents as per Dec 31[st] amounted to MSEK 185 Net sales increased by 22% in the fourth quarter compared to same period 2021 and by 84% for the full year 2022 with a net turnover of MSEK 64.  Strong momentum in Hella and Bosch collaborationsThe

Gapwaves receives a follow-up order from current American autotech customer

In June 2022 the American Autotech company ordered their first project of radar antenna development, with intended use in autonomous vehicles. The customer now has placed a follow-up order for additional prototypes that are expected to be delivered in January 2023. The order value is approximately KSEK 250.“We see good momentum in this project and regardless the smaller order value of this follow-up order, the continuation of the collaboration is important and we are excited to be a part of the journey ahead together with this provider of autonomus vehicles”, comments Jonas Ehinger, CEO of

The nomination committee in Gapwaves appointed

According to the instructions for the nomination committee in Gapwaves which was adopted at the annual general meeting on April 26, 2019, the nomination committee, in addition to the chairman of the board, must consist of representatives of the three largest registered shareholders in terms of votes as of August 31 of the year before the year in which the annual general meeting occurs.After the three largest shareholders have each appointed a representative, the chairman of the board has convened the nomination committee for its first meeting. The nomination committee consists of the

Gapwaves publishes Interim Report for July - September 2022

Strong net sales growthThird quarter: 1 July – 30 September 2022 (Parent company)  · Net sales amounted to MSEK 30.9 (MSEK 8.5)   · EBITDA amounted to MSEK 6.3 (MSEK –7.9)   · Net result amounted to MSEK 5.9 (MSEK –9.2) corresponding to SEK 0.19 (SEK -0.30) per share   · Cash flow for the period was MSEK –4.3 (MSEK –12.4) and cash and cash equivalents at the end of the period amounted to MSEK 178 During Q3, the net sales revenue was MSEK 30.9, a growth of 261% compared to the same period in 2021. The revenue was MSEK 53 year-to-date. Q3 was a profitable quarter, with an

Gapwaves receives an order for production equipment for radar antennas

Gapwaves has received an order from Frencken Group regarding production equipment for assembly and production of waveguide antennas in high-volume.The assembly equipment, Gapstacker, from Gapwaves is going to be used for high-volume production of radar antennas. The order has a total value of ca. 4,8 MSEK and will be delivered during the fourth quarter 2022. Gapwaves and Frencken Group has since the beginning of 2021 a cooperation agreement for production of waveguide antennas. Frencken Group is an established producer in the Automotive industry and fulfills all required standards and

Gapwaves publishes Interim Report for April – June 2022

Strong growthWe close the second quarter of 2022 with the fact that Gapwaves have achieved the best quarter to date in terms of revenue, 16.4 MSEK, as a result of dedicated work and many customers projects.One of the most significant events during the period was when a new American autotech company became our customer as the first order was received in mid-June. The order includes designing and manufacturing of antennas for an imaging radar, intended for fully autonomous driving. This new customer is a provider of self-driving vehicles for commercial use, and we have high expectations of

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