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DGAP-News: First Sensor AG: First Sensor reaches 10-million milestone with OEM pressure sensor

DGAP-News: First Sensor AG / Key word(s): Miscellaneous
First Sensor AG: First Sensor reaches 10-million milestone with OEM pressure sensor

12.12.2017 / 09:08
The issuer is solely responsible for the content of this announcement.


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.

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


12.12.2017 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

637953  12.12.2017 

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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. First Sensor is 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.
Solution 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.