Gapwaves in license agreement with a leading company within active safety
Gapwaves has signed a license agreement including a technology transfer license, service agreement and royalty payment for automotive radar antennas. The counterpart is Veoneer, a world leader within active safety and one of the largest suppliers of automotive radars globally. The agreement is expected to secure significant long-term revenues for Gapwaves, in addition to a license fee.The license agreement gives Veoneer the right to use Gapwaves Intellectual Property Rights (“IPR”) for development, marketing and manufacturing of antennas for automotive radar products. For this right,