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DGAP-News: First Sensor Awarded Another Contract for Steer-by-Wire Pressure Sensor

DGAP-News: First Sensor AG / Key word(s): Miscellaneous
First Sensor Awarded Another Contract for Steer-by-Wire Pressure Sensor

01.08.2017 / 08:00
The issuer is solely responsible for the content of this announcement.


Corporate News, August 1, 2017

First Sensor Awarded Another Contract for Steer-by-Wire
Pressure Sensor

- Follow-up supply agreement for high-pressure sensors for electro-hydraulic steering systems

- Term of contract with the tier-1 US supplier: 2019-2024

- Anticipated sales volume of EUR2.5 million per year

First Sensor AG, a developer and manufacturer of customer-specific solutions on the growth market of sensor technology, has been awarded another contract to produce high-pressure sensors to support electro-hydraulic steering systems for a tier-1 US supplier. The agreement covers the period of 2019-2024 and has an anticipated sales volume of EUR2.5 million per year. The sensors will be installed in the pick-up vehicles made by an automotive group with global operations.

First Sensor has already been supplying this customer with pressure sensors since 2011. The call for tenders was issued as part of the transition to a new series of vehicles. This additional contract follows seamlessly from the existing supply agreement. According to Dr. Dirk Rothweiler, CEO of First Sensor AG, the deciding factor was not just the attractive price structure, but also the quality of the products delivered so far: "The stable and reliable performance of our sensors is the foundation for our longstanding, successful collaboration with our key customers. Based on this, we are working together to make the mobility of tomorrow a reality. Anyone who wants to take their hands off the steering wheel in the future will have to consider our solutions," says Dr. Rothweiler.

Electro-hydraulic steering systems are an initial step towards autonomous driving. In steer-by-wire systems, the steering command is transmitted from the steering wheel to vehicle's wheels entirely through electronic means without any mechanical connection. This allows the vehicle to stay within a lane, to countersteer, or to park automatically, for instance. These systems stand out in part for having lower fuel consumption than purely hydraulic steering systems. The pressure sensors are based on T-Bridge technology, which can be used to generate a pinpoint reading of the mechanical stress through small piezoresitive sensor elements manufactured separately from the main body section. The sensor chips are unique for their high measuring sensitivity. At the same time, they are not sensitive to heat and can be used for pressure changes up to 3,000 bar. Among other uses, these force and high-pressure sensors built on T-Bridge technology are suitable for controlling pressure in hydraulic applications or cooling agents and for monitoring overpressure in medical applications.

"Our pressure sensors are an important component of steer-by-wire because they measure oil pressure, which is needed to build up the required steering force," explains Wilhelm Prinz von Hessen, Managing Director of First Sensor Mobility GmbH, which specializes in developing and manufacturing customer-specific sensor solutions in the target market of mobility for the First Sensor Group. The company develops and produces various OEM sensor solutions in accordance with the ISO/TS 16949 quality management system for the automobile 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 25 years ago 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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First Sensor AG
Peter-Behrens-Str. 15
12459 Berlin
Deutschland
Contact:
Corinna Krause
E-Mail: ir@first-sensor.com
T +49 30 639923-571
 

 



01.08.2017 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.

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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

597421  01.08.2017 

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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.