RanLOS presents yearly review and update ahead of 2024

Gothenburg, Sweden

RanLOS is pleased to present an overview of the achievements and milestones attained over the last year. As we approach the close of 2023, we reflect on a period of promising developments and where we are right now. The efforts made during 2023 underscore the commitment we have to help our customers perform smarter and more cost-effective testing – aiming for a better connected world.

RanLOS key highlights of 2023:

• International success: At the beginning of the year, RanLOS proudly delivered and installed the first test system in Japan, marking the beginning of an impactful year. Before summer, we sold our second test system to a leading European premium car manufacturer, further solidifying our presence in the market. It is a three-step delivery. The first one, which is also the largest one, was delivered and invoiced during the autumn of 2023.

• Market expansion in Asia: During spring we intensified the efforts in China and Korea. We’ve had technical meetings and high interest from leading car manufacturers and suppliers, positioning RanLOS as a leading supplier of innovative test solutions.

• Partnership with Anritsu: A major milestone in our journey was the establishment of a partnership with Anritsu, one of the largest suppliers of measurement instruments in the world. The collaboration resulted in an integration with our products, creating a new innovative solution for full-vehicle 5G testing, which attracted attention on a global scale. Our solution is the smartest and easiest today. It also comes with a fraction of the cost compared to our competitors' solutions, which means it has the potential to be a standard on the market.

• Media recognition: RanLOS marketing efforts spanned across all geographies and resulted in, for example, a cover story in Microwave Journal, the foremost global magazine in our industry. We also got great publicity for our article and solution with Anritsu. The article was translated into 5 different languages and spread around the world. The exposure in media during the last year is a testament that we have a high reach and reliability within the community.

• Pipeline development: Beyond the product deliveries, we have actively focused on building a robust pipeline. Some customers have already chosen us as their preferred technical solution and are now applying for internal budgets, the estimated value for these deals counts to approximately 7MSEK. Successful demonstrations further contribute to our pipeline development, these deals have an estimated value of around 10MSEK. In addition, we have a lot of technical meetings and customers that are evaluating us. These ongoing evaluations by potential customers indicate a value of approximately 50MSEK.

Summary and anticipations for 2024:
As we conclude this year, RanLOS looks forward to the opportunities that lie ahead in 2024. The development of our pipeline positions us for continued success and helps in our commitment to deliver innovative and cost-effective solutions to customers around the world. RanLOS also remains dedicated to maximizing the value for all shareholders through strategic initiatives, product innovation, and market expansion.


For further information, please contact:
Louice Rosdahl, CEO
Email: [email protected]
Phone: +46 (0)730-81 99 91

This disclosure contains information that RanLOS is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons, on December 20, 2023, at 16:00 CET.

About RanLOS AB
RanLOS is an innovative provider of OTA test solutions for full-vehicle connectivity and antenna testing. The company was founded in 2016 by Professor Per-Simon Kildal, one of the world’s most influential antenna experts. Professor Kildal also founded the companies Bluetest and Gapwaves. RanLOS has its origins from Chalmers University of Technology in Gothenburg, Sweden, and is listed on Nasdaq Stock Exchange. RanLOS aims to provide customers with the most cost-efficient and easy-to-use OTA test solutions. The patented hardware and proprietary software are based on several years of research and are designed to test all relevant standards such as 4G, 5G, Wi-Fi, and V2X.

For more information, visit RanLOS website: www.ranlos.com

RanLOS is listed on Nasdaq First North Growth Market. Aqurat is RanLOS’ Certified Adviser.