Mobile Sensor Technology Company Acconeer AB Closes SEK 60 Million Investment Round

Mobile Sensor Technology Company Acconeer AB Closes SEK 60 Million Investment Round

Funds will enable completion of its 3D sensor A1 for commercial launch and mass production

LUND, Sweden, August 23, 2016 /PRNewswire/ --

    Acconeer AB, a leading innovation company in the area of mobile sensors, announces
that it has closed a SEK 60 million investment round. The new capital will be used to fund
the completion of Acconeer's 3D sensor A1 for commercial launch and mass production, which
is planned for early 2017.

(Logo:
http://photos.prnewswire.com/prnh/20160818/399348LOGO )

(Photo:
http://photos.prnewswire.com/prnh/20160202/328725 )

    Lars Lindell, CEO of Acconeer AB commented: "We are naturally very pleased with
closing the investment round. Existing shareholders contributed with approximately 40% of
the round leaving 60% for new investors. We have been able to add some industry veterans
such as Jorgen Lantto, former CEO of Fingerprint Cards and Bert Nordberg, former CEO and
Chairman of Sony Mobile, and many leading positions within Ericsson, as investors in this
very ambitious project. We now have enough funds to start the process of commercializing
our ultra-low power and millimeter precision sensor. We have a very solid interest from
customers and will also start shipping evaluation boards to customers for their
evaluation."

    Jorgen Lantto comments: "Acconeer is about to complete the development of a 3D sensor
with great potential. I am very impressed with the technology and the team and I am
looking forward to follow them developing a world-leading technology company."

    About Acconeer 

    Acconeer is a leading start-up company based in Lund, south Sweden, in Ideon, the
country's hottest region for wireless technologies. Acconeer is developing a truly leading
ultra-low power, high precision 3D sensor which will revolutionize the way that mobile
devices interpret their surroundings. Acconeer's ultra-low power and millimeter precision
sensor will be a robust and cost-effective solution for applications ranging from virtual
reality and gaming to security and robot control. Information from the sensor can also be
used to identify different materials, or for practical applications, such as taking
measurements of your shirt size before you order online. These are just some examples of
the wide range of possibilities of application areas for the sensor.

    Acconeer was founded in 2011 by the technology entrepreneurs Dr. Mikael Egard and Dr.
Mats Arlelid, together with Marten Obrink, Professor Lars-Erik Wernersson and Lund
University.

    For more information: http://www.acconeer.com

    Photo:
    http://photos.prnewswire.com/prnh/20160202/328725

    http://photos.prnewswire.com/prnh/20160818/399348LOGO

Photo:http://photos.prnewswire.com/prnh/20160202/328725
http://photoarchive.ap.org/
Photo:http://photos.prnewswire.com/prnh/20160818/399348LOGO
http://photoarchive.ap.org/
Photo:http://photos.prnewswire.com/prnh/20160202/328725
http://photoarchive.ap.org/
Photo:http://photos.prnewswire.com/prnh/20160818/399348LOGO
http://photoarchive.ap.org/
Acconeer AB

CONTACT: Contact: Lars Lindell, CEO +46725838428