Corporate news

First Sensor reaches 10-million milestone with OEM pressure sensor

- Cooperation with German OEM since 2011

- Contract term until 2021 with anticipated annual sales volume of EUR 8 million

First Sensor AG, a developer and manufacturer of standard products and customer-specific solutions on the growth market of sensor technology, has produced its 10 millionth pressure sensor for the control of braking systems for a major German original equipment manufacturer. The sensors are installed in almost all gasoline-engined models of the group's brands. The order was confirmed last year and now covers the period up until 2021 with an anticipated annual sales volume of up to EUR 8 million.

The cooperation has been in place since 2011. Over the past years, unit volumes have been increased by around 40% per year. First Sensor has expanded the production capacity further in recent months and currently manufactures up to 15,000 units per day on two production lines - meaning that an OEM pressure sensor is completed roughly every six seconds.

"Long-term cooperation with major national and international companies is a key element of our recent-ly presented strategy," says Dirk Rothweiler, CEO of First Sensor AG. "Our goal is to generate economies of scale with both key customers and key products and thereby ensure profitable growth."

Wilhelm Prinz von Hessen, Vice President of Mobility at First Sensor AG, believes the partnership is large-ly built on 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 the OEM," says Prinz von Hessen. "The stable, reliable performance of our sensors has made a crucial con-tribution to this." 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.

First Sensor develops and produces various OEM sensor solutions in accordance with the ISO/TS 16949 quality management system for the automotive industry. Aside from high-performance pressure sensors for measuring oil, tank, and gas pressures, its range of services notably includes optical sensors and camera systems for the market segments of passenger vehicles, special-purpose vehicles, commercial vehicles, and transport.

About First Sensor AG
In the growth market of sensor systems, First Sensor develops and produces standard products and customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Based on innovative technology platforms, we develop products such as chips, components, sensors, and entire 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 founded in Berlin in 1991 and has been listed on the Frankfurt Stock Exchange (SIS) since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN: DE0007201907 Ι SIS]. For more details on First Sensor, please visit www.first-sensor.com.

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.

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