LPS signs gyroscope sales agreement with Qualtré, Inc.

The agreement reinforces the partnership between the two companies and enables the strengthening of ALPS' sensor business. ALPS and Qualtré began joint development of gyroscopes and other inertial sensors in 2008. Since then, ALPS has made strategic investments twice, in 2013 and 2014, valued at US$3 million and US$4 million respectively, while Qualtré has stepped up the pace of sensor development. The three-axis gyroscopes completed last year have been well received by the market due to their outstanding shock and vibration immunity and low power consumption. The commercial sales agreement between ALPS and Qualtré permits both companies to sell the gyroscopes under their own brands to their respective customers. Sales promotion activities are being advanced with an eye to starting mass production in 2015.