Sivers IMA wins SEK4m order for new project with existing Fortune 100 customer

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KISTA, Sweden, 12th October, 2020 - Sivers IMA Holding AB (Nasdaq First North Growth Market: SIVE) today announced that its subsidiary, CST Global, has received an order worth approximately SEK4m for a new project from one of its established, Fortune 100 customers.

The order covers design, development and supply of semiconductor laser prototype devices for use in advanced, optical sensing applications. The order comes in addition to existing framework orders from the same customer and will be completed and billed during 2020. Thus, this Fortune 100 customer has now placed orders at Sivers IMA’s Photonics business totalling SEK74m from October 2018.  

“Having this very large Fortune 100 customer yet again putting their trust in us for a new project is very exciting. Even though the magnitude of the project, at this point, is not as large as previous projects with this customer, it is very gratifying that they are once again choosing us as a partner for a new project and thus deepening our relationship. We have been able to successfully meet this customer’s performance and quality standards for optical sensing devices over quite a long period and look forward to working with them even more in the future.”, said Anders Storm, CEO of Sivers IMA.

 

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

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Having this very large Fortune 100 customer yet again putting their trust in us for a new project is very exciting. Even though the magnitude of the project, at this point, is not as large as previous projects with this customer, it is very gratifying that they are once again choosing us as a partner for a new project and thus deepening our relationship. We have been able to successfully meet this customer’s performance and quality standards for optical sensing devices over quite a long period and look forward to working with them even more in the future
Anders Storm, CEO Sivers IMA