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Gothenburg, Dec 22, 2023: Gapwaves today announces a new order from Hella for the development of antenna design and prototypes for Hella’s new generations of radar sensors for ADAS systems. The aggregated order value and expected revenue during 2024 is approximately MEUR 1.5.
The order value concerns non-recurring engineering (NRE) services. In addition, further revenue related to antenna prototypes is also expected from the development projects in this order.
Gapwaves' CEO Jonas Ehinger comments:
“We are very happy that our partner Hella continues to further expand the collaboration with Gapwaves and integrating our technology into the development of new radar sensor generations. This underscores the progress in our collaboration, and the strategic value our unique gapwaveguide antenna technology brings to our customers. 2024 will be a pivot year for Gapwaves, as we move into the production phase for the first antenna we designed and developed for Hella.”