The objective is to study the creation of high-performance Customer Premises Equipment (CPE) intended for Fixed Wireless Access (FWA) also in complicated radio environments and extreme weather conditions.

The intention is to leverage BeammWave’s digital beamforming and system expertise together with Alpha Networks product and application knowledge to create a cost efficient and ultra-high performing solution. The solution is expected to make use of the full benefits from digital beamforming including Non-Line of Sight (NLoS) capabilities.

The Fixed Wireless Access connections are expected to grow to 330 million by the end of 2029, a vast majority of these connections will be on 5G allowing for an attractive ISP business case, high data rates and robust connections.

"Fixed Wireless Access has achieved enormous success in North America and is now rolling out in Asia, bringing new requirements on cost efficiency and robustness that BeammWave’s digital beamforming solution inherently meets. Our collaboration with Alpha Networks will enable this solution to scale rapidly," says Stefan Svedberg, CEO of BeammWave.

"Alpha Networks is dedicated to addressing mmWave challenges alongside our partners and network operators. BeammWave’s advanced technology offers promising solutions to overcome the constraints of analog beamforming. Through this collaboration, we plan to deliver next-generation solutions to our clients. Adopting digital innovations is key to driving progress in the industry," says Wen Tsay, CTO at Alpha Networks.

About Alpha Networks
Alpha Networks Inc., founded in September 2003 and headquartered in Hsinchu Science Park, Taiwan, is a global leader in the networking industry with nearly 30 years of experience in designing, manufacturing, and servicing networking products. Listed on the Taiwan Stock Exchange since 2004, Alpha Networks has consistently grown by offering a broad range of off-the-shelf and custom solutions. The company integrates both mature and cutting-edge technologies, building a strong reputation through strategic partnerships with leading global brands. With paid-in capital of NT$5,417 million and over 4,000 employees, the company operates manufacturing facilities in Taiwan, China, and Vietnam, and sales offices in Taiwan, the USA, Japan, and China. The company’s Design, Manufacturing, and Service (DMS) business model has solidified its leadership in the industry.

About BeammWave
BeammWave AB are experts in communication solutions for frequencies over 24GHz. The company is building a solution intended for 5G and 6G, in the form of a radio chip with antenna and associated algorithms. The company's approach with digital beamforming is unique and patented, with the aim of delivering a solution with higher performance at a lower cost. The company's share serie B (BEAMMW B) is listed on the Nasdaq First North Growth Market in Stockholm. Certified Adviser is Redeye AB.


BeammWave AB (“BeammWave” or the “Company”) issued a total of 8,888,102 warrants of series TO 4B (“Warrants”) within the framework of a rights issue of units during the second quarter of 2024. The exercise period for the Warrants commences today, on December 2, 2024, and continues until December 16, 2024. One (1) Warrant entitles the holder to subscribe for one (1) new share in the Company. The subscription price per share subscribed for through the exercise of Warrants has been set at SEK 3.20. Upon full utilization of all Warrants, BeammWave will receive approximately SEK 28.4 million before issuance costs. The proceeds from the exercise of Warrants are intended to be used to prepare for the Company's planned market launch and to finance an accelerated pace of product development, in collaboration with potential partners.

Warrant exercise in brief

  • The exercise period for the Warrants runs from December 2, 2024, to December 16, 2024.
  • One (1) Warrant entitles the holder to subscribe for one (1) new share in the Company at a subscription price of SEK 3.20 per share.
  • Trading of Warrants on Nasdaq First North Growth Market takes place until December 12, 2024.
  • Warrants that are not exercised for subscription of new shares by December 16, 2024, expire without value.
  • Holders of Warrants who have their holdings nominee-registered (holdings in securities custody services, investment savings accounts (ISK) or endowment insurances) must notify the exercise of Warrants by contacting their respective nominee and follow the nominee's instructions regarding subscription and payment. This should take place well before December 16, 2024, as different nominees have different processing times.
  • Holders of Warrants who have their holdings directly registered (holdings on a VP account) must notify the exercise of Warrants by filling in and submitting an application form for the exercise, so that the application form is received by the issuing agent, Aktieinvest FK AB, no later than December 16, 2024. The application form is available on the Company's, Aktieinvest FK AB's, and Redeye AB's respective websites (www.beammwave.com, www.aktieinvest.se, www.redeye.se).
  • Upon full utilization of all Warrants, BeammWave will receive approximately SEK 28.4 million before issuance costs.
  • The subscription price of SEK 3.20 per new share has been determined in accordance with the terms of the Warrants, under which the subscription price per new share shall equal seventy (70) percent of the volume-weighted average price (VWAP) of the Company's share on Nasdaq First North Growth Market during the period November 18, 2024, up to and including November 29, 2024, however, not less than SEK 3.0 and not more than SEK 6.0 per share. Complete terms and conditions for the Warrants are available on the Company's website, www.beammwave.com.

Increase in the number of shares and share capital

Upon full utilization of all 8,888,102 Warrants, the Company's share capital will increase by SEK 878,461.078 to SEK 3,078,028.840 through the issuance of 8,888,102 new shares, resulting in the total number of outstanding shares in the Company increasing from 22,254,808 to 31,142,910.

Advisors
Redeye AB acts as financial advisor, and Advokatfirman Delphi AB acts as legal advisor to BeammWave in connection with the exercise of TO 4B. Aktieinvest FK AB acts as issuing agent in connection with the Rights Issue.


CEO Stefan Svedberg will highlight the importance of a new customer, a global market leader in mmWave technology. He will also discuss the progress following BeammWave’s achievement as the world’s first company to demonstrate distributed digital beamforming. What’s next for BeammWave on our journey forward?

Stefan Svedberg, CEO of BeammWave, will present the company at the Redeye Technology & Life Science Day, taking place on Tuesday, December 3.

When: December 3, 9:00 AM – 4:00 PM
Where: Link to the event
BeammWave Presentation: 11:20 AM, Stream 3

The event is open to everyone, but registration on redeye.se is required.

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Two additional fundamental patents have now been granted in Europe, each marking the first grant within its respective patent family.

These patents provide protection for “frequency generation of a multi-antenna transceiver system” and “mmWave multiband transceiver unit and transceiver arrangement for carrier aggregation support”.

"These patents cover fundamental parts of BeammWave’s digital beamforming architecture and further strengthen our already strong patent portfolio”, says Bengt Lindoff, Chief Systems Architect at BeammWave.


CEO Stefan Svedberg will expand on the significance of securing a new customer that is a global market leader in the mmWave industry. He will also discuss the developments following BeammWave’s achievement as the first in the world to demonstrate distributed digital beamforming. What lie ahead for BeammWave, and what’s next in our journey?

This is a significant step for BeammWave adding an Asian customer that is a global electronics leader with a broad portfolio of electronic components and solutions serving the global electronics industry and a wide variety of applications. The company has a turnover exceeding USD 10 billion and more than 70,000 employees.

“I’m excited to present live in Stockholm and share how this new customer, a market leader in the mmWave market, represents a transformative step for us, while also complementing our ongoing partnership with our first customer, Molex. I’ll highlight how the new project with Saab both strengthen and expands our business opportunities”, says Stefan Svedberg, CEO of BeammWave.

  • Date & Time: November 26, 2024, at 19.00
  • Location: Stora Aktiedagarna, Stockholm, get details and sign up for the event here.

If unable to attend in person, the presentation will be streamed online at the following link:
BeammWave Stock Days Stockholm
A recorded version will also be available afterward on the company’s website at www.beammwave.com.

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Stefan Svedberg, CEO at BeammWave, interviewed by Rasmus Jacobsson – Equity Analyst, Redeye, to discuss the latest customer order, the Q3 report and the outlook.

“The latest customer order is very significant for us. It solves the next steps for BeammWave. The customer is one of the market leaders in the mmWave industry and already has products on the market. There will still be a lot of things happening before end of this year”, says Stefan Svedberg, CEO at BeammWave.

See and listen to the interview here:
Analyst interview BeammWave-Redeye

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The undisclosed customer has placed an order on the Advanced Development Platform (ADP1) from BeammWave AB, to evaluate BeammWave's unique and patented digital beamforming concept and products.

BeammWave, experts in high frequency communication solutions, today signed an evaluation license agreement including an Advanced Development Platform with the customer. The initial order value is USD 150,000. The customer will, with the support of BeammWave, perform an evaluation to understand the benefits of BeammWave’s digital approach. The project includes additional phases that will be detailed once the evaluation is concluded.

The Asian customer is a global electronics leader with a broad portfolio of electronic components and solutions serving the global electronics industry and a wide variety of applications. The company has a turnover exceeding USD 10 billion and more than 70,000 employees.

“We are excited and proud to get the opportunity to work with a global leader and believe this will even further highlight the benefit and competitiveness of our product portfolio and concept. The collaboration has already given us significant experience and learnings. This is an important step for BeammWave and a proof point for our thought leadership in digital beamforming”, says Stefan Svedberg, CEO of BeammWave.

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Focus on customers, product and delivery

BeammWave AB's Interim Report for the period January-September 2024 is now available on the Company's website beammwave.com/news.

The optimistic outlook we previously shared in terms of new customers, remains and has been strengthened. All the discussions we’ve been having over the past few years continue, and our view of timing remains largely unchanged, says Stefan Svedberg, CEO of BeammWave.

Highlights during the third quarter

  • BeammWave makes the world's first Over-The-Air demonstration of Distributed Digital Beamforming
  • BeammWave CEO in analyst interview with Redeye
  • BeammWave appoints Pareto Securities as liquidity guarantor
  • BeammWave participated in Aktiespararna's event Aktiedagarna

Highlights after the period

  • BeammWave and Saab awarded SEK 4.1M in an innovation grant from Vinnova
  • BeammWave joins the XG Mobile Promotion Forum (XGMF), a Japanese forum that aims to promote mobile services and the development of mobile businesses
  • BeammWave granted SEK 3M contribution from the Vinnova call “6G Research and innovation 2024”
  • The BeammWave Patent Portfolio for Digital Beamforming expands with a grant in Korea of the one of BeammWaves fundamental patents

Period July-September 2024
– Net sales was SEK 0K (0)
– Operating profit/loss was SEK -6,082K (-4,868)
– Profit/loss before tax was SEK -5,980K (-4,745)
– Earnings per share was SEK -0.27 (-0.36)
– Solvency was 90 (91) %

Period January-September 2024
– Net sales was SEK 1,066K (0)
– Operating profit/loss was SEK -16,053K (-14,185)
– Profit/loss before tax was SEK -15,858K (-13,771)
– Earnings per share was SEK -0.93 (-1.05)
– Solvency was 90 (91) %


The project, from the call "Collaboration project for civil-military synergies", is a joint project together with Saab. The total budget for the project is SEK 5.6 million, of which the Vinnova grant has a total of SEK 4.1 million and BeammWave's share of the grant is SEK 2.3 million.

The project idea is to combine Saab's world-leading know-how in several military application areas with BeammWave's unique know-how in digital beamforming for telecom and consumer products. The purpose of this is to investigate the possibilities of creating new powerful and extremely cost- and energy-efficient products with a 100% Swedish design and manufacturing in the European Union.

The project runs from November 2024 till November 2025.

"This gives us the opportunity to find new areas of application for our world-unique product and it's great fun to be able to do this with a company like Saab," says Stefan Svedberg, CEO of BeammWave.

"This project provides great learning in both directions, and it will give us knowledge that is not only applicable for military purposes but will also benefit our 5G-portfolio," says Per-Olof Brandt, co-founder and CTO at BeammWave.

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Fundamental patent now granted in Korea adding to the previous grants in US, China and Europe.

This patent provides protection for “A Digital Beamforming Transceiver Arrangement”.

"We are seeking broad protection for our patents on the important markets, using an interleaving strategy. This is an important patent for us, and it further strengthen an already strong portfolio”, says Bengt Lindoff, Chief Systems Architect at BeammWave.


The project, from the call “6G Research and innovation 2024”, is coordinated by BeammWave and is a joint project together with Advenica and Lund University. The total budget of the project is SEK 8.6M whereas the Vinnova grant, is SEK 5.9M and the BeammWave share of the grant has a total of SEK 3M.

The project title is “Distributed digital beamforming for cmWave and mmWave integrated radar and communication”. The project idea is to utilize BeammWave’s Advanced Development Platform – ADP1 in the mmWave Frequency Range, to develop 6G technology for Integrated Sensing And robust Communication (ISAC). The project will start in November 2024 and conclude in August 2027.

"By employing our distributed digital beamforming architecture, the sensing can be done with higher precision compared to current architectures which are based on analog beamforming solutions, says Bengt Lindoff, Chief Systems Architect of BeammWave.

“We continue to build on our successful collaboration with Lund University and Advenica making sure that we cover network efficiency, spectrum sharing and security”, says Markus Törmänen, co-founder and Board Member at BeammWave.

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BeammWave joins the XG Mobile Promotion Forum (XGMF), a Japanese forum that aims to promote mobile services and the development of mobile businesses.

The forum consists of 82 member companies representing a major part of the Japanese telecom industry with operators and device and component manufacturers. In addition, there are also individual representatives mostly coming for Universities in Japan.

Japan is a strong innovator with large and successful operators, several well-known global consumer brands, and with a world class supply chain for telecom. We as BeammWave are proud to be able to join and to continue to contribute to and learn from the other members of the organisation”, says Masanori Sakuuchi, Director of Sales Japan, at BeammWave.

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