DGAP-News: First Sensor expands collaboration with Chinese process automation company

Corporate News, July 10, 2018

First Sensor expands collaboration with Chinese process automation company

On the occasion of the German-Chinese governmental consultations, First Sensor AG, a developer and manufacturer of standard products and customer-specific sensor solutions, has signed an extension to its contract with a leading Chinese process automation company for the development and production of customer-specific pressure sensor components.

"The order from this key customer supplements a supply agreement for standard sensors that has been in place since 2012," explains CEO Dr. Dirk Rothweiler. "The aim is to achieve total annual sales of several million euro per year in the medium term."

The Chinese industrial company uses the pressure sensor components of the K-series from the Berlin-based sensor specialist in high-precision pressure transmitters, which regulate flow rates in pipelines in the chemicals industry, for example. The supply of standard sensors with double-digit growth rates has created a demand for a customer-specific solution that enables even better stability and measuring quality in pressure transmitters.

Over the last four years, First Sensor has achieved average sales growth of around 9% in Asia. Thus, China is the largest sales market. The most important application fields are industrial process control and length measurement.

About First Sensor AG
In the growth market of sensor systems, First Sensor develops and produces standard products and customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Based on innovative technology platforms, we develop products such as chips, components, sensors, and entire 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 founded in Berlin in 1991 and has been listed on the Frankfurt Stock Exchange (SIS) since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN: DE0007201907 Ι SIS]. For more details on First Sensor, please visit www.first-sensor.com.

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