Berlin, July 21, 2011
Silicon Micro Sensors GmbH, a wholly owned subsidiary of First Sensor AG (formally Silicon Sensor), today accepted a nomination for delivery of sensor based high-end camera systems to a well-known German automobile manufacturer. With the acception of the nomination the supply contract of August 2010 will significantly be extended.
The camera system which initially was integrated only into two spezific models is now part of all model ranges of the automobile manufacturer’s advanced driver assistance system. Over the coming years, the annual number of units to be delivered is to be more than trippled and, at the same time, the contract term extended ahead of time until 2018.
At the present time, the Board of Directors expects that the contract for the term until 2018 will comprise a sales volume of up to 22 million euros.
This is already the second significant extension of contract the First Sensor Group has received within a short period of time. On June 29th the corporation announced an appropriate increase in order volume of the production of a sensor module for steering angle detection for a major European automobile supplier.
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First Sensor AG
Board of Directors
About First Sensor
First Sensor AG is a leading supplier of custom sensor solutions for highly sophisticated requirements addressing life science, industrial, mobility, security, and aerospace industries. In 2010 First Sensor achieved annual sales of €45.2 million, employing more than 400 people worldwide. Founded 1991 in Berlin, Germany, First Sensor AG has been listed on the Frankfurt Stock Exchange since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN: DE0007201907 Ι SIS].
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