Acconeer signs a European distribution agreement with CODICO GmbHThe radar technology company Acconeer AB has signed a pan European distribution agreement with CODICO GmbH. CODICO is a leading European distributor, headquartered in Vienna Austria. Initially, the agreement covers Europe, the Middle East, and the African Market and includes the Pulsed Coherent Radar sensor A1 product, modules, and Evaluation kit. Lars Lindell, CEO of Acconeer, comments: "We are very pleased that we can announce the signing of this agreement with CODICO. This is yet another important step in our rollout strategy and will enable us to ship products in volume to the European market. From our on-line sales, we have seen considerable interest from large electronics companies in Europe, so a logical next step was to find a partner that can represent and sell our products."
Sven Krumpel, CEO of CODICO, comments: "We have been following Acconeer for some time now, driven especially by strong interest from our customers in their unique radar technology. We currently have several ongoing projects where Acconeers radar solution looks to be the best fit. The robotics-, healthcare- and wearable markets in Europe are very large, and we expect great interest when we bring Acconeers completely new and potentially disruptive technology to these markets." 2019-06-28 For additional information, please contact:
Lars Lindell, CEO Acconeer, Phone +46 10 218 92 00, Mail: [email protected]
Johannes Kornfehl, Product Manager CODICO, Phone +43 (0)1 86305-149, Mail: [email protected]
Birgit Punzet, Press Contact CODICO, Phone +43 (0)1 86305-209, Mail: [email protected]
This information is information that Acconeer AB is required to disclose by the EU Market Abuse Regulation. The information was provided by the above contact person, for publication on 28th June 2019 at 09.00.
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Acconeer Pressrelease 2019-06-28.pdf About CODICO
CODICO stands for design-in-distribution of high-quality electronic components. Its wide range of products includes active and passive components and interconnect systems. The company operates from its Austrian headquarters in Perchtoldsdorf, south of Vienna as an independent, privately-owned enterprise and maintains several sales offices in Germany, Denmark, Italy, France, the Czech Republic, Slovenia, and the UK, also cooperating with partner companies in Central and Eastern Europe. Backed by a high level of technical expertise, CODICO places a key focus on design-in services. CODICO's distinguishing feature consists in the technical support it provides from the development phase to the final product, and its commitment to selling exclusively high- quality products. www.codico.com
About Acconeer AB Acconeer is a leading radar sensor company based in Lund, south Sweden, in Ideon, the country's hottest region for wireless technologies. Acconeer is developing a truly leading ultra-low power, high precision 3D sensor which will revolutionize the way that mobile devices interpret their surroundings. Acconeers ultra-low power and millimeter precision sensor will be a robust and cost-effective solution for applications ranging from virtual reality and gaming to security and robot control. Information from the sensor can also be used to identify different materials, these are just some examples of the wide range of possibilities of application areas for the sensor. Acconeer is listed on Nasdaq First North Stockholm with the ticker code ACCON, Redeye is the company's Certified Advisor (CA) and can be reached via telephone +46 (0)8 121 576 90 or via mail [email protected]
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