Sivers Semiconductors customer reaches key milestone and predicts increase in sales volumes
Sivers Semiconductors AB today announces that the Lithuanian high-tech company 8devices has passed a key milestone in their development of a new 60 GHz Fixed Wireless Access (FWA) product. 8devices now has prototypes available with full performance. Sivers Wireless has previously communicated a signed supply agreement with 8devices with an estimated value of 70-100 MSEK over the period 2021-2024. With the very positive feedback from end customers, 8devices now estimate their need from Sivers Semiconductors to be increased by approx. 30-50%.
“It is amazing to see how fast 8devices has taken on our technology and integrated it together with Renesas’ modem into a full performing product ready for field trials. We signed the agreement with 8devices in December last year and less than five months later they have products ready. That is an exceptionally quick turnaround for such complex products.”, said Anders Storm, Group CEO of Sivers Semiconductors.
Jonas Sabaliauskas, CEO of 8devices continues: “It has been great to work with Sivers in this project. We have probably never seen a system work this well on 60 GHz with seamless set-up to use for our design. Their products and support have been great and made it easy for us developing our product. We are confident that this new 60 GHz product has the best performance in the market and looking forward to customer deployments starting already during the summer.”
Anders Storm adds: “Apart from the exceptional development speed by 8devices, the really interesting part is that 8devices has been able to make such a compact module and still offer such higher performance product for the Fixed Wireless access market.”. 8devices is a Lithuanian high-tech company providing wireless broadband access products on a global basis and is specialized in developing radio products in close cooperation with their customers.
For more information please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
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, email@example.com.
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 12:45 (CET) on June 1st, 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 SIVE. The head office is located in Kista, Sweden. For more information: http://sivers-semiconductors.com.