Research update


Gapwaves: Awaiting new agreements

The Q3 report brought no surprises. Gapwaves continues to state that its antenna attracts immense interest, but the company has not yet been able to confirm this through the announcement of NRE-agreements. Gapwaves has, however, announced an order regarding a prototype for automotive applications that could result in a promising agreement. We have revised our automotive estimates, expecting high sales volumes in 2021 at earliest. Our modifications have a limited effect on our fair value range which remains unchanged.

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