RanLOS AB (publ) has achieved a significant milestone by securing an order from a European car manufacturer in the premium segment. The sale means that RanLOS will supply both hardware and software for testing of connected vehicles. RanLOS system will play an important role during the customer's product development process and will be used for testing of connected vehicles.

The goal is to test earlier and continuously during product development to optimize performance, safety, and user experience. The initial revenue for the agreement is estimated at SEK 3.8 million, calculated over a product life cycle of 10 years. Approximately 40% of the value is recurring licensing revenue.

The order is a great confirmation of how well RanLOS' innovative solutions meet the demand and requirements from the industry. The sale is the first on the European market and the delivery consists of RanLOS' large system, Sub-6 GHz, but also new modules and additional products that will be developed together with the customer and delivered in the coming year.