First Sensor AG: First Sensor Receives Follow-Up Appointment from Volkswagen AG
- Renewed supply agreement for pressure sensors for braking systems
- Anticipated sales volume of around EUR8 million per year
- Contract to run until 2021
First Sensor AG, a developer and manufacturer of customer-specific solutions on the growth market of sensor technology, has again been appointed by Volkswagen AG to supply pressure sensors for the control of braking systems. The agreement covers the period up to 2021 and has an anticipated sales volume of around EUR8 million per year. The sensors will be installed in nearly all gasoline-engined models of Volkswagen Group brands around the world: VW, Audi, Skoda, Seat, Porsche and Bentley.
First Sensor has already been supplying the sensors since 2011. Volkswagen invited tenders for the contract again in 2016, as scheduled. The repeat order thus follows directly on from the pre-existing supply agreement. 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.
Wilhelm Prinz von Hessen, Vice President of First Sensor AG's Mobility business unit, believes the contract was won thanks to 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 Volkswagen Group," says Prinz von Hessen. "The stable, reliable performance of our sensors has made a crucial contribution to this."
About First Sensor AG 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. Based on tried- and-tested technology platforms, we develop products from chips to complex 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 established 25 years ago in Berlin and has been listed on the Frankfurt Stock Exchange since 1999 [Prime Standard ? WKN: 720190 ? ISIN: DE0007201907 ? SIS]. More information: http://www.first-sensor.com/en/
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.
First Sensor AG Contact: Peter-Behrens-Str. 15 Corinna Krause 12459 Berlin E-mail: email@example.com Germany T +49 30 639923-571
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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: firstname.lastname@example.org 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