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DGAP-News: First Sensor AG: First Sensor Receives Follow-Up Appointment from Volkswagen AG

DGAP-News: First Sensor AG / Key word(s): Incoming Orders
First Sensor AG: First Sensor Receives Follow-Up Appointment from Volkswagen AG

06.12.2016 / 08:00
The issuer is solely responsible for the content of this announcement.


- Renewed supply agreement for pressure sensors for braking systems

- Anticipated sales volume of around EUR8 million per year

- Contract to run until 2021


First Sensor AG, a developer and manufacturer of customer-specific solutions on the growth market of sensor technology, has again been appointed by Volkswagen AG to supply pressure sensors for the control of braking systems. The agreement covers the period up to 2021 and has an anticipated sales volume of around EUR8 million per year. The sensors will be installed in nearly all gasoline-engined models of Volkswagen Group brands around the world: VW, Audi, Skoda, Seat, Porsche and Bentley.

First Sensor has already been supplying the sensors since 2011. Volkswagen invited tenders for the contract again in 2016, as scheduled. The repeat order thus follows directly on from the pre-existing supply agreement. Pressure sensors in braking systems are important because they recognize when a vacuum in the brake booster is insufficient and the vehicle's automatic start-stop system must therefore be deactivated.

Wilhelm Prinz von Hessen, Vice President of First Sensor AG's Mobility business unit, believes the contract was won thanks to the attractive price structure and the high reliability of the sensors delivered previously, and thus the company's reputation. "We can now look back on lengthy and trusting cooperation with Volkswagen Group," says Prinz von Hessen. "The stable, reliable performance of our sensors has made a crucial contribution to this."

About First Sensor AG
In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Based on tried-and-tested technology platforms, we develop products from chips to complex sensor systems. Trends such as Industry 4.0, autonomous driving, and the miniaturization of medical technology will drive our growth extremely rapidly in the future. First Sensor was established 25 years ago in Berlin and has been listed on the Frankfurt Stock Exchange since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN: DE0007201907 Ι SIS]. More information: http://www.first-sensor.com/en/

Disclaimer
Statements in this Corporate News relating to future developments are based on a prudent estimate of future events. Actual events may deviate 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.

First Sensor AG
Peter-Behrens-Str. 15
12459 Berlin
Germany
Contact:
Corinna Krause
E-mail: ir@first-sensor.com
T +49 30 639923-571
 


06.12.2016 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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
End of News DGAP News Service

526989  06.12.2016 

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Applications
In many market-specific applications, sensors are components that are critical to your success. First Sensor is the partner you need on projects that call for careful selection, customized adaptation and the highest standards of excellence. Our Business Units Industrial, Medical and Mobility are clearly aligned to the core markets of industrial applications, medical technology as well as automotive and transport.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.

Tailored Solutions
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.