Gapwaves: Bags another automotive agreement - Redeye

Gapwaves entered a product sales agreement with Smartmicro worth SEK90m, with an expected ramp-up starting in Q1 2025. The agreement concerns an imaging radar and is intended for an American OEM. Following the loss of Bosch in November, the Smartmicro announcement validates demand for imaging radars. Redeye views the announcement as a much-needed sentiment booster for the share. Redeye raised its estimates and fair value range.

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