Klimator signs a new agreement with a global supplier to the automotive industry. The initial value is 50 KEURO
Klimator has signed an agreement with another world-leading Tier 1 company within the automotive industry. The project includes Klimator's technology AHEAD and will take place in the US for 5 months starting in January 2024. The initial order value is 50 KEURO. This is the second major deal in a short time that Klimator has made with the AHEAD technology within the automotive industry.
The company envisions great potential in combining its capabilities in combination with Klimator's unique expertise and software. They see a great advantage in the cooperation with Klimator as the AHEAD solution, compared to others on the market, has the unique capability of providing proactive and precise information about what is happening on the road, which is the reason of why this world-leading company in grip has chosen to work with Klimator.
“The interest and recognition this brings to our technology is further proof of our experience in the field of real-time road weather analysis. Our unique software with high resolution and continuous information about what is happening on the road proactively, are features and capabilities that set us apart from others on the market. This is an exceptional opportunity to improve safety and create a superior solution by enhancing existing vehicle data with proactive road weather information,” says Viktoria Bogren, Head of Business Area Automotive at Klimator.
About AHEAD
AHEAD is a technology that analyzes the road surface and friction ahead of a vehicle, in real-time. The technology is the result of over ten years of research and development within road surface classification. AHEAD provides vehicle systems with information on prevailing road surface conditions, which increases the functionality, operability, and use of advanced driver support systems (ADAS) and autonomous driving (AD) technologies.
This disclosure contains information that Klimator is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 30-12-2023 12:47 CET.
For further information
Emil Danielsson, CEO of Klimator AB
E-mail: emil.danielsson@klimator.se
Phone: +46 (0) 70 421 04 00
Partner Fondkommission AB (phone 0046 31 761 22 30, www.partnerfk.se) is the company’s Certified Adviser on Nasdaq First North Growth Market.
About Klimator
Klimator AB is a publicly listed software company with over 30 years of research in applied road climatology. Klimator has two innovations – the data platform Road Condition Data (RCD), providing predictive high precision road weather information, and the sensor fusion solution AHEAD providing real-time detective road weather information. With these innovations, Klimator provides precise and reliable road weather information to the winter maintenance and the automotive industries creating safer roads and enabling scalable autonomous driving (AD) and intelligent driver support systems (ADAS). In 2020, Klimator acquired HedeDanmark's business operations within connected sensors to broaden and strengthen Klimator's product portfolio.
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