Sensrad and Tianyi have today, Sept 2nd signed a Framework agreement where Sensrad will supply its unique and disruptive 4D imaging radars to Tianyi. This follows a year of close cooperation concerning evaluation and implementation of the commercially available radar sensor which is utilizing state of the art technology from Arbe Robotics and Gapwaves. The value of the agreement is estimated to approximately 7 MEUR and deliveries will start during the 3rd quarter of 2024.
Marcus Hasselblad, CEO of Sensrad, says, ”After 12 intense months of development, we can enter this volume contract and as it is our first commercial contract it is of course a major milestone for Sensrad. I am proud of what the team at Sensrad has achieved in such short time. I also want to thank Tianyi for their trust in us and in our product and look forward to a long lasting, fruitful and growing cooperation”.
Zhao Jianjun, Executive Deputy General Manager of Tianyi Transportation, says, "The hardware team of Tianyi, with the strong support of Sensrad, has successfully developed the widely anticipated passive computing all-in-one equipment, which will contribute innovative and cost-effective new perspectives of infrastructure construction for China's vehicle-road-cloud integration technology route. We are deeply impressed by Sensrad's pursuit of excellence and commitment to quality, and look forward to sincere cooperation between the two parties to create a brilliant future".
