Sivers Photonics receives SEK 14m follow-up order from Fortune 100 customer
Sivers Semiconductors AB today announced that its subsidiary, Sivers Photonics, has received a new optical sensing order worth approximately SEK 14m from one of its established Fortune 100 customers. The order will be delivered and billed during 2021.
The order covers one of several parallel projects for design, development and supply of semiconductor laser devices for use in advanced optical sensing applications. Sivers Photonics has been working with this key customer on projects for approximately 2.5 years.
“This is the second order from this customer in 2021, at total value of some SEK 25m, which is already on the same level as during the full year 2020. Over the last 12 months the total order value now stands at some SEK 50m. I am very pleased to see that we are accelerating the number of orders and for each order the chance increases that we will be part of the future volume production for the sensors,” said Anders Storm, Group CEO of Sivers Semiconductors.
For more information please contact:
Anders Storm, Group CEO
Tel: +46 70 262 6390
This is information that Sivers Semiconductors AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above at 11:30 (CET) on June 10, 2021.
Sivers Semiconductors 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 Stockholm under SIVE. The head office is located in Kista, Sweden.
For more information contact: www.sivers-semiconductors.com