Sivers Semiconductors receives SEK3.6m quantum grant

Sivers Semiconductors AB today announced that its subsidiary, Sivers Photonics, has received a £324,800 (SEK3.6m) government grant from Innovate UK. The grant is for its part in the SPIDAR project to develop quantum-based, LiDAR systems for driver assisted and autonomous vehicle applications.

“The SPIDAR project brings together high-profile, commercial partners such as Toshiba, Network Rail and Thales UK. We are thrilled to be involved in this project which pushes the self-driving vehicle application market forward.”, said Anders Storm, CEO of Sivers Semiconductors.

The grant comes from Innovate UK, a government funding agency. It is awarded to Sivers Photonics, a wholly owned subsidiary of Sivers Semiconductors. For more information please see: https://www.sivers-semiconductors.com/sivers-photonics/
 

For more information please contact:
Anders Storm, 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.

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.