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First Sensor Receives Follow-Up Appointment from German OEM

2016-12-06

- Renewed supply agreement for pressure sensors for braking systems

- Anticipated sales volume of around €8 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 a German OEM 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 €8 million per year. The sensors will be installed in nearly all gasoline-engined models of the Group brands.

First Sensor has already been supplying the sensors since 2011. The OEM 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 this OEM," says Prinz von Hessen. "The stable, reliable performance of our sensors has made a crucial contribution to this."

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.
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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.
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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.
E²MS (Electronic Engineering and Manufacturing Services)
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.
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.