Sivers IMA’s subsidiary CST Global awarded SEK4.7m EU grant
KISTA, Sweden, 9th October, 2020 - Sivers IMA Holding AB (Nasdaq First North Growth Market: SIVE) today announced that its wholly owned subsidiary CST Global has been awarded a grant of SEK4.7m to develop Quantum Gallium Nitride (Q-GaN) visible light laser diode sources, suitable for quantum sensing and specialised telecommunications applications. The project is funded by the European R&D initiative Eurostars to a value of SEK9.9m, split between CST Global and project partner, TopGaN Ltd Poland.
The prime Q-GaN laser technology application is in atomic clocks, helping to ensure accurate GPS coverage when satellite connections are weak or lost. Transport industries will benefit first. However, within 15 years, the technology is expected to be miniaturised for smartphones and smartwatches, opening up a wide range of consumer applications. Q-GaN’s prime telecoms application aims to improve the timing and sychronisation of optical data transmission, with real-world deployments coming much sooner.
For more information about the Q-GaN project, please read CST Global’s press release at https://www.cstglobal.uk/news
For more information, please contact:
Anders Storm, CEO
Tel: +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.
Tel: +46 8 463 80 00
E-mail: certifiedadviser@penser.se
Sivers IMA Holding AB is a leading and internationally recognized technology company that, through its two business areas Wireless and Photonics, supplies chips and integrated modules. Wireless develops RF chips and antennas for advanced 5G systems for data and telecommunications networks. Photonics develops and manufactures semiconductor-based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi). The company is listed on Nasdaq First North Growth Market Stockholm under SIVE. The head office is located in Kista, Sweden. For more information: www.siversima.com