DGAP-News: First Sensor supplies tank pressure sensors for plug-in hybrids to Asian Tier-1

2019. április 11., csütörtök, 08:00





DGAP-News: First Sensor AG / Key word(s): Miscellaneous


First Sensor supplies tank pressure sensors for plug-in hybrids to Asian Tier-1


11.04.2019 / 08:00



The issuer is solely responsible for the content of this announcement.



First Sensor supplies tank pressure sensors for plug-in hybrids to Asian Tier-1



- Usage in vehicles of a German automobile group



- Supply agreement up to 2025



First Sensor AG, a developer and manufacturer of standard products and customer-specific sensor solutions on the growth market of sensor technology, is driving forward the introduction of innovative pressure applications in order to implement green mobility. The specialist in sensor technology has been awarded a contract to supply tank pressure sensors by an Asian Tier-1 automobile supplier for emission control systems. The sensors are installed in plug-in hybrids of a German automobile group, where they detect possible leaks. The agreement with sales worth millions runs until 2025. Volume production for the new key customer will start in December 2019.



"As one of the leading suppliers of pressure sensors, we use our solid expertise in chip design and production as well as microelectronic packaging in order to provide key customers on the growth market of mobility with powerful technologies for low-emission and low-consumption mobility. We already equip the plug-in hybrids of all German as well as many European OEMs with our pressure sensors," says Dr. Dirk Rothweiler, CEO of First Sensor AG. The company made a total of EUR 64.5 million with pressure sensor technology in 2018, 40% of this in the target market of mobility. Driven by the mega trends of green mobility and electrification, First Sensor is expecting accelerated growth for OEM pressure sensor technology in the medium term.



The growth is supported by a new technology to measure tank pressure. This facilitates an easier and more accurate measurement through the combination of pressure and temperature sensor technology. Based on MEMS pressure sensor chips from semiconductor production in Berlin-Oberschöneweide, the innovative sensors produced at First Sensor Mobility GmbH in Dresden in accordance with IATF 16949 detect minimum pressure and temperature changes in the fuel tank. Key customers such as a French Tier-1 supplier are already qualifying a solution that has been adapted for them.



"Throughout our pressure strategy for the target market of mobility, the focus is not just on tank pressure sensor technology but also on expanding our business in the field of exhaust gas aftertreatment and hydrogen applications for fuel cell vehicles," explains Wilhelm Prinz von Hessen, Vice President of Mobility at First Sensor AG. "Because the trend towards environmentally-friendly mobility is accompanied, structurally speaking, by increased demand for powerful sensors in vehicles." As such, the market research company Yole Développement expects growth in pressure sensor technology of USD 1.6 billion between 2017 and 2023, which is also a basic technology for new drive technologies and CO2-neutral air-conditioning systems.



About First Sensor AG

Founded as a technology start-up in the early 1990s, today, First Sensor is a global player in sensor technology. Based on our know-how in chip design and production as well as microelectronic packaging, standard sensors and customer-specific sensor solutions are developed in the fields of photonics, pressure and advanced electronics for the ever-growing demand in key applications for the target markets of Industrial, Medical and Mobility. The strategy is aimed at profitable growth and focuses on key customers and products, forward integration and strengthening our international presence. First Sensor has been listed on the Frankfurt Stock Exchange since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN DE0007201907 Ι SIS]. Further information: www.first-sensor.com.



Disclaimer

Statements in this report relating to future developments are based on a prudent estimate of future events. Actual events of the company may deviate significantly from planned events, as they depend on a large number of market and economic factors, some of which are outside of the company"s control.

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11.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: First Sensor AG

Peter-Behrens-Straße 15

12459 Berlin

Germany
Phone: +49 (0)30 63 99 23-760
Fax: +49 (0)30 63 99 23-719
E-mail: ir@first-sensor.com
Internet: www.first-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 798639





 
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798639  11.04.2019 



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