JonDeTech Sensors AB (publ) established a subsidiary in Shanghai to get closer to important customer segments and facilitate transactions with local partners. The subsidiary will actively work with strategic global partners essential to the company's growth strategy and market positioning. In Fourth Quarter 2023, the subsidiary will handle the supply of JIRS40 to Zhuhai Yaoyang Electronic Technology Co.

Ltd. (Yoyon), as announced earlier this year. The newly started company is a so-called WOFE, or "Wholly Owned Foreign Enterprise," a 100% foreign-owned company with permission to operate in China.