Sivers IMA wins SEK21m follow-up orders from Fortune 100 customer
Sivers IMA Holding AB (Nasdaq First North Growth Market: SIVE) today announced that its subsidiary, CST Global, has received new orders, together worth SEK20.7m, from one of its established Fortune 100 customers. The orders cover several parallel projects for design, development and supply of semiconductor laser devices for use in advanced optical sensing applications. The orders come in addition to existing framework orders from last year and will be delivered and billed during 2020.
“We are excited about producing equipment for the vast optical sensing market. Winning these orders with this well-known, existing Fortune 100 customer for optical sensing semiconductor devices is evidence of our innovation and high-quality. They come on top of previous orders with this company totaling around SEK50m. By meeting their performance and quality conditions, we have continued to build our relationship with this important customer,” said Anders Storm, CEO of Sivers IMA.The contract is the result of the hard work of the Sivers IMA’s Photonics business which continues to successfully supply high quality semiconductors as required by the customer.
For more information, please contact:Anders Storm, CEO
Tel: +46 70 262 6390
This is information that Sivers IMA Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 08:45 am CET on June 12, 2020.
Erik Penser Bank is appointed Sivers IMA Holding AB’s Certified Advisor at Nasdaq First North Growth Market.
Tel: +46 8 463 80 00
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 subsidiariesSivers 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.
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: http://siversima.com