CST Global receives funding for project CoolBlue2

Sivers IMA Holding is proud to announce that CST Global (CST), a subsidiary of Sivers IMA Holding, has received £83,774 GBP (approx. KSEK 900)) from the British government to lead the “Quantum Cooling using Mode Controlled Blue Lasers” project, known as CoolBlue2. 

The total project budget is £499,076, with government funding covering more than 80 percent of the project’s cost. The project will run from April 2018 to March 2019.

Dr. Thomas Slight, Research Engineer at CST Global, will manage the “CoolBlue2” project, alongside commercial partner Helia Photonics Ltd., research partner National Physical Laboratory Ltd., and academic partners, the University of Glasgow and Aston University.

The CoolBlue2 project is a continuation of the development of next-generation, GaN laser technology. It will investigate the feasibility of developing a fully monolithic, narrow linewidth, GaN DFB laser suitable for evaluation in a real-world, low-cost, integrated system.

 “We are pleased that CST Global is trusted to manage a number of important, British government-funded, technology development projects. The CoolBlue2 project supports our objective to develop cutting-edge products for next-generation sensing systems using CST Global´s competence”, comments Anders Storm, CEO of Sivers IMA Holding.

CST Global is a Glasgow-based, wholly-owned subsidiary of Sivers IMA Holding and the UK’s leading, independent, III-V opto-electronic, semi-conductor foundry.

For more details on the CoolBlue2 please visit https://www.cstglobal.uk/news/

For more information: 
Anders Storm, CEO 
Tel: +46 70 262 6390 
E-mail: anders.storm@siversima.com  

Erik Penser Bank is appointed Sivers IMA Holding ABs Certified Adviser on Nasdaq First North.

Tel: +46 8 463 80 00

e-mail: certifiedadviser@penser.se 

This information is insider information that Sivers IMA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on January 11th, 2018, at 8:30 CET. 

Sivers IMA Holding AB is a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Stockholm. The wholly owned subsidiaries Sivers IMA and CST Global develop, manufacture and sell cutting-edge chips, components, modules and subsystems based on proprietary advanced semiconductor technology in microwave, millimeter wave and optical semiconductors. Headquarters in Stockholm, Sweden. Learn more at http://siversima.com.

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Sivers IMA Holding AB is a leading and internationally renowned supplier, publicly traded under SIVE. The wholly owned subsidiaries Sivers IMA and CST Global develop, manufacture and sell cutting-edge chips, components, modules and subsystems based on proprietary advanced semiconductor technology in microwave, millimeter wave and optical semiconductors. Headquarters in Stockholm, Sweden. Learn more at http://siversima.com.

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“We are pleased that CST Global is trusted to manage a number of important, British government-funded, technology development projects. The CoolBlue2 project supports our objective to develop cutting-edge products for next-generation sensing systems using CST Global´s competence”
Anders Storm, CEO of Sivers IMA