Qamcom Group, Gapwaves and Sensrad today announces that Gapwaves acquires a minority stake in Sensrad AB (“Sensrad”) from Qamcom Group AB (“Qamcom”). Through the investment, both Qamcom and Gapwaves moves to a new and stronger position in the value chain in the growing market of imaging radar sensors outside the traditional automotive market.
Sensrad is a spin-out venture from Qamcom Group´s Radar division and offers a unique 4D imaging radar sensor based on the latest software and hardware technology, including the leader radar chipset from Arbe. Sensrad is based in Gothenburg and currently has an equivalent of approximately 19 employees with highly relevant radar and signal processing experience. Sensrad has an established business and has already delivered prototype volumes of the Hugin 4D imaging radar to their customers in infrastructure, surveillance and mobility radar business.
By investing in Sensrad and strengthening its 4D imaging radar offering, Gapwaves will also gain better access to, and benefit from new market and product segments with high structural market growth. In addition, there are strong synergies with the already established antenna business.
Jonas Ehinger, CEO Gapwaves, says:
“Gapwaves' investment in Sensrad is an important step towards a new and stronger value chain position within the radar sensor market for advanced and autonomous urban mobility and smart city applications. This move follows Gapwaves long-term strategic plan and through the investment we will be able to include our products in Sensrad's radar sensor offering and we expect to accelerate Gapwaves' journey to become a technical powerhouse within antenna- and radar technology.”
Johan Lassing, CEO of Qamcom Group, says:
“It feels great to have a strong and capable partner like Gapwaves as it enables the realization of the incredible potential of our new generation of radars. Gapwaves brings technical expertise in advanced antennas and front ends, while Sensrad has extensive experience in radar technology and signal processing, making it a perfect match. The timing of this partnership is ideal, given the growing demand for robust, reliable, and high-resolution sensing technology in a multitude of application fields. By working together, we can build on Sensrad's strong product positioning and deliver exceptional results.”
“We are thrilled to provide the radar chipset for Sensrad,” says Kobi Marenko, CEO at Arbe. “We believe that the radar systems designed by Sensrad will offer unparalleled performance, enabling true safety and autonomy across a variety of industry verticals. The potential for radars in infrastructure, surveillance and mobility verticals is enormous, and we are excited to join this journey along with our partners Qamcom and Gapwaves.”
Combining Gapwaves antenna technology with Sensrad's radar products will allow Sensrad to bring a highly capable imaging radar sensor to the market. Sensrad has a sales subsidiary in China, which can also facilitate the reach for Gapwaves in the Chinese market with its antenna products.
Read more at Gapwave’s pressrelease.
About Gapwaves AB (publ)
Gapwaves originates from research conducted at Chalmers University of Technology and was founded in 2011. Gapwaves vision is to be the most innovative provider of mmWave antenna systems and the preferred partner to those pioneering next generation wireless technology. By leveraging the disruptive Gapwaves technology we help pioneers in automotive and wireless communication to create highly efficient mmWave antenna systems that contributes to re-defining everyday life. Gapwaves markets are e.g. mmWave in the automotive and telecom industries.
About Qamcom Group
Qamcom Group is a knowledge-driven impact-accelerator for well-funded technology projects to enable high ambitions, speed up industrialization and optimize route to market. Our in-kind model provides a complete business management portfolio and access to a huge R&D department with cutting-edge technology expertise. A perfect set-up for industry ventures, corporate spin-offs, early-stage start-ups and other technology initiatives that want to reach the growth and expansion phases faster.
Find out more at qamcom.group
Arbe (Nasdaq: ARBE), a global leader in Perception Radar Chipset Solutions, is spearheading a radar revolution, enabling truly safe driver-assist systems today while paving the way to full autonomous-driving. Arbe’s imaging radar is 100 times more detailed than any other radar on the market and is a mandatory sensor for L2+ and higher autonomy. The company is empowering automakers, tier-1 suppliers, delivery robots, commercial and industrial vehicles, and a wide array of safety applications with advanced sensing and paradigm-changing perception. Arbe is a leader in the fast-growing automotive radar market that has a projected total addressable market of $11 billion in 2025. Arbe is based in Tel Aviv, Israel, and has an office in the United States.
For more information contact:
Johan Lassing, CEO Qamcom Group
Phone: +46 (0)31 721 17 30