Softing Automotive Electronics
Softing Automotive Electronics was awarded an exclusive contract by a southern German manufacturer of premium vehicles to develop and supply a production system for parameterizing and diagnosing vehicles in production.
The order has a direct volume of more than $10.2 million comprising services and products. The major portion of the revenue estimated to reach up to $20.4 million will be spread over the next five to six years, with delivery of the first samples to commence in 2023.
The vehicle manufacturer wants to equip its worldwide production network with the production system to be supplied by Softing. Softing is expected to supply around 10,000 parameterization devices for production. The Softing product loads the data volumes of future vehicle architectures into the vehicles within the time constraints determined by the manufacturing cycle. The previous production system can’t deliver the transmission speed required for this purpose.
"Our wholly owned subsidiary Softing Automotive Electronics has so far focused on vehicle development and servicing,” says Dr Wolfgang Trier, Chief Executive Officer of Softing AG. “While we are also responsible for parameterization in a sports car manufacturer's production process, this order marks another important one step enabling us to gain a strong foothold in the production process of an international premium manufacturer. We are delighted about this vote of confidence from our customer and are excited to further grow our business with them."
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