Gapwaves AB (publ) received a follow-up order from European Tier 1 supplier. The undisclosed Tier 1 customer, with whom a collaboration started in first quarter 2023, has placed a new order with Gapwaves, with a value of approximately SEK 1.2 million. It concerns the next step of the development project communicated earlier in 2024.

The customer has also expanded the original scope of the development project, which is now expected to be the subject of additional orders, amounting to about SEK 6.6 million in total value. The customer is a leading global Tier 1 supplier in the Automotive industry. This order is the fifth since first quarter 2023 and involves the development of a waveguide antenna, intended for Advanced Driver Assistance Systems (ADAS) and is based on Gapwaves?

recently launched Multi-Layer Waveguide (MLW) technology. Most of the project is expected to be delivered in first quarter and second quarter 2024.