Sivers Photonics receives SEK11m 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 SEK11m from one of its established Fortune 100 customers. The order will be delivered and billed in H1 2021.
The order covers 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 various projects for about 18 months, the last orders from June and October 2020 were completed before the end of 2020. The new projects in this new order will be delivered and billed in H1 2021.
“This is a tremendous start to 2021 for our Photonics business and a confirmation of the great work achieved by the Sivers Photonics team. We successfully delivered upon design and development work with this strategic customer during 2020 and are delighted to have received this new order which will support further development and scale-up activities in 2021. This contract is the result of the excellent partnership between both companies and their continued confidence in our team and technology,” said Anders Storm, Group CEO of Sivers Semiconductors.
Sivers Photonics (previously CST Global) is a wholly owned subsidiary of Sivers Semiconductors AB.
For more information please contact:
Anders Storm, Group CEO
Tel: +46 70 262 6390
E-mail: anders.storm@sivers-semiconductors.com
Sivers Semiconductors is listed on Nasdaq First North Growth Market in Stockholm.
The company's Certified Adviser is Erik Penser Bank, +46 8 463 83 00, certifiedadviser@penser.se.
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 16:00 (CET) on January 11, 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 First North Growth Market Stockholm under SIE. The head office is located in Kista, Sweden. For more information: http://sivers-semiconductors.com.