Sivers Semiconductors signs new reseller agreement for millimeter wave business in Japan
Sivers Semiconductors AB today announced that its subsidiary, Sivers Wireless, has signed a reseller agreement with Japanese electronics specialist Shoshin.
Shoshin Corp (Jap: 昌新株式会社) is a company located in Nihonbashi, Tokyo, Japan, in the commercial heart of the city. Founded in 1947, it employs around 100 people and specializes in microwave, aerospace and telecommunications equipment. Major existing customers of Shoshin include NEC, Fujitsu and NTT DoCoMo.
“I am very pleased to strengthen our local presence in Japan, given the vast market potential for millimeter wave products. Frequencies have been allocated in Japan and we can see a big interest from large companies and mobile network operators, many of which are active also on the global marketplace, indicating a promising sales growth potential”, says Anders Storm, Group CEO of Sivers Semiconductors.
Sivers Wireless and Shoshin have been working together for some time to explore and evaluate the basis for a long term co-operation, which has lead to an agreement to work together on the Japanese market.
“Shoshin recognizes Sivers Wireless as a market leading supplier of millimeter wave products addressing both the licensed and unlicensed 5G millimeter wave applications. With a long history and a well-developed customer base on the Japanese telecom market, we see great business opportunities together with Sivers Wireless. The market leading products and the engagement and commitment to the Japanese market shown by Sivers is a key success factor for a profitable and growing business for both our companies”, says Masaki Endo, Managing Director of Shoshin Corp.
For more information please contact:
Anders Storm, Group CEO of Sivers Semiconductors
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 SIVE. The head office is located in Kista, Sweden. For more information: http://sivers-semiconductors.com.