Sivers IMA confirms four new design wins
Sivers IMA Holding AB (Nasdaq First North Growth Market: SIVE) today announces four new design wins with Tier 3 customers, based on design using the Sivers IMAs unique 57-71 GHz RFIC, TRX-BF01.
From March to December last year Sivers IMA shipped more than thirty-five (35) evaluation kits (EVK) to customers addressing several different verticals and use cases. In the first quarter 2019 Sivers IMA had 9 design-wins in total, we are now at 16 design-wins, reaching a 20% conversion rate from EVK to design-win, after 10 months. In this early design-win development phase we estimate a limited impact on near term revenues.
“I am very pleased to see the growing number of design wins. It is a great proof point that customers evaluating our chipsets converts into new design-wins. One of the reasons for our success, is that Sivers IMA seems to still be the only fully commercial 60 GHz phased array solution that also support the 66-71 GHz band, which recently also was addressed at the World Radio Conference as a license free allocated 5G-NR frequency band.” says Anders Storm, CEO of Sivers IMA Holding.
The development cycle from design-win to supply agreement and volume production can vary quite a lot, hence it is hard to estimate any timeline, however normally a 9 to 18-month cycle time is a good estimate.
For more information, please contact:
Anders Storm, CEO
Phone: +46 70 262 6390
E-mail: anders.storm@siversima.com
Erik Penser Bank is appointed Sivers IMA Holding AB’s Certified Advisor at Nasdaq First North Growth Market.
Phone: +46 8 463 80 00
e-mail: certifiedadviser@penser.se
Sivers IMA Holding AB is a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Growth Market 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 are in Stockholm, Sweden. Learn more at http://siversima.com.