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Gapwaves has received an order from a new North American Tier-1 for Gapwaves MLW waveguide antenna intended for advanced driver assistance System (ADAS). The initial value is SEK1.6m, with deliveries in Q4 2024 and Q1 2025. The order shows that the interest from tier-1s remains robust despite abysmal sentiment around the automotive sector and diversifies Gapwaves’ geographic exposure. Redeye keeps its estimates unchanged but is favourable to the news.
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