Sivers Semiconductors signs $1.85 million contract with Thorium Space for satellite communications
Sivers Semiconductors AB today announces that its business unit Sivers Wireless, has signed a development agreement for an advanced satellite communication solution with Thorium Space, a Polish advanced satellite communication systems company. The agreement is a first step in the development of advanced chipsets for SATCOM ground terminals as well as space deployment. The value of the agreement is $1.850.000 (approx. MSEK 19,5).
This agreement covers the first step in the development phase and is aimed at delivering working engineering samples of several different dedicated chips for different mm-Wave bands for advanced satellite communication systems. In the next phase, not included in current agreement, the potential is considerable, as the chips will be further developed, qualified, and readied for mass production to support both ground and space deployment to eventually be rolled out in volume as of 2H 2024.
Development activities for this agreement are starting in March 2023, and are planned to run through to the end of 2023. The satellite communication chip market is estimated to offer a total addressable market (TAM) for Sivers’ type of chipsets larger than $5 billion during the period 2023-2030 (REF 1).
“I’m personally extremely happy for the cooperation with Sivers and it is exactly, what we have been waiting for from the first day of Thorium Space and now we are sure, that we can develop and deliver best-in-class, state of art active antenna solutions for the global ground and space segment without any compromise”, says Paweł Rymaszewski, CEO, Thorium Space.
“I am very pleased to work with Thorium Space on this project to bring best-in-class chipsets to their ground and space solutions. This is the first time that we are providing solutions for space deployment, and it is very exciting to partner with such an excellent and innovative company as Thorium Space”, says Anders Storm, Group CEO, Sivers Semiconductors.
About Thorium Space
Thorium Space Sp. z o. o. is a company from the sector of advanced satellite communication systems (Space Advanced Communication Company). They design innovative technological solutions for the construction of space vehicles and intelligent array antennas, applicable in the space industry and the defense sector. Thorium is created by an interdisciplinary team of nearly 40 space technology engineers and specialists in related fields. It has offices in Wrocław and Warsaw. In 2021, Thorium Space was selected, among others, as one of the 10 most innovative space technology startups and awarded as one of the 5 Top Space Tech Global Manufacturing Solutions out of 288 surveyed companies.
For more information please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
E-mail: anders.storm@sivers-semiconductors.com
This disclosure contains information that Sivers Semiconductors is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the contact person set out, on 17-03-2023 07:00 CET.
REF 1: NSR Report “Flat Panel Satellite Antenna Analysis, 6th Edition”
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
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