The new framework order follows on from the successful completion of a previous framework order agreement with this customer. We have clearly met the customer’s pre-requisite performance specifications and quality standards.
I am thrilled to be able to show our capabilities on a conferene such as 5G World, where leading representatives from the eco-system are gathered to discuss the status and development of 5G systems. It is also encouraging to be on stage to share our vision around the use of 5G millimeter wave in various applications
The first quarter’s good growth gives a taste of our business model’s strength. Net sales nearly doubled in the quarter, and we are now starting to see that our wireless operations are driving growth. The fiber area is also expanding, but at a slightly lower growth rate.
During my time at Sivers IMA I have never before seen such a strong customer interest, and this applies to both our business areas. Lead times can sometimes be long, but our development during the first quarter gives a taste of the potential of our business. We are involved in many exciting customers' projects and I look forward with excitement.
The strong interest in our 5G technology since MWC has led to a record number of customers evaluating our solutions, and I am convinced this will result in many future design wins. We are also seeing a record number of new sales prospects contacting us for more information regarding our unlicensed and licensed 5G technology
Winning design wins is an important part of our business process and a critical step to develop revenue in a couple of years. The evaluation kits are a first step on that journey
We are happy that we are now successfully through the design phase and hope to see the first series order in the second half of this year. To begin with orders will come within unlicensed 5G and we also expect orders for licenced 5G products when we have products ready for volume production
We have partnered with NOTE before and chose NOTE also for our 5G products as they were able to meet our high quality demands in the design process. Furthermore, we will be able to grow production capacity together with NOTE outside of Sweden as volumes ramp up
In many ways this is a perfect example of a NOTE partnership where we get involved early in the customer’s design process and thereafter, as volumes ramp up, we can continue to support the customer, both from Sweden and from even more cost-efficient sites such as China. We follow customers through the complete product lifecycle, from design to after-sales
Currently, XGS-PON makes up less than 10 percent of the total FTTH market, but estimates show XGS-PON may exceed 40 percent of the total FTTH market by 2023 and our lasers are aimed at that fast-growing, XGS-PON part of the market
Our next generation 1270nm laser chips in TO Cans address worldwide FTTH demand. The TO Can format allows vendors to test standard products for the next design cycle and meet production demand during 2020
We are breaking new ground by using the latest spectrum released in the USA and UK and we can now offer gigabit traffic with long reach alongside our partners Blu Wireless. This is a fantastic achievement by our technical teams and opens up opportunities for many new applications and use cases for this type of the technology
It has been really satisfactory to reap the rewards of our long-standing collaboration with Sivers IMA. To be able to demonstrate a working solution in the field with such impressive performance levels is hugely significant. Ultimately, it serves as proof that the combination of our technologies has the power to deliver transformative innovation in multiple industries. This is an unprecedented step for connectivity.
We are very proud to be able to release a product that will push the industry to use more cost- efficient solutions in the upcoming commercial 5G trials and deployments taking place around the world. We see a great advantage in providing a product that is probably the only product on the market that support such a wide frequency band. Our new RFIC supports 24.0 GHz to 29.5 GHz. This will help our customers to support different markets and different frequency bands using the same hardware. We are unique today with our unlicensed 5G (57-71 GHz) RFIC and it is great to be able to offer a unique offering also to the licensed 5G market.
All of the collaborators on this project have a shared approach to delivering carrier grade performance. Sivers IMA is pleased to be able to display its world class 5G RF technology, offering outstanding RF performance and flexible network architectures.
I am thrilled to see the great team work and great effort put in to make the exposure at this show a reality and I am proud to show our ultra-low loss LCP antenna solution that can deliver ultimate connectivity with fibre-like capacity
We are excited to be able to demonstrate the first fruits of our 5G mmWave collaboration with Fujikura and Sivers IMA. By combining our uniquely flexible HYDRA modem and networking technology with the RF and manufacturing capabilities of our partners we are showing what a strong ecosystem we have already built - and will continue to build together for the future.
I am excited to explore new application areas for our unlicensed 5G technology. We hope to see proof of concept and live demonstration of this solution in the early autumn and, if things go according to plan, we will see the first commercial deployments 2020
There is a clear growing demand for faster wireless connections in latest and future smart applications, and we are pleased to partner with Sivers IMA to provide leading edge solutions to meet these requirements.
The application requires very high data rates to transfer uncompressed high definition data over short distances. With Sivers IMA technology, with leading edge link budget performance, it is possible to build these solutions meeting the requirements for robustness and flexibility.
In the last 6 month we have had design wins in all major markets, which is a great achievement. This is the 8th company that has deiced to base their offerings on Sivers IMA mmWave RFICs. We believe this is just the start of this exciting market
Over the last year we have been working with Ampleon on our 5G consortium, which has resulted in a 28 GHz 5G transceiver chip that is now ready for customer testing. The current chip will be able to address the small cell and customer premises equipment (CPE) market for fixed wireless accesses and some other use cases. Now, we have also agreed with Ampleon to address the specific demand from the top tier OEMs to also offer a solution for 5G base stations
For all electronic components, it's a very important milestone to have completed this qualification. Now we can safely sell our products in volume. We are now entering a very exciting phase, where the TRX BF01 is already sold to for example CCS, which is now building unlicensed 5G systems around England in multiple locations
The combination of Blu Wireless truly capable and feature rich baseband solution with Sivers IMA high performing, award winning RF module enable world-class performance and allow our customers to offer the best possible broadband service to the end user. We see this as a clear and unique selling point
Our mmWave system has received outstanding feedback during all of our engagements in October, especially in terms of the live demonstrations. We are proud to be partnering with Sivers IMA on producing technologies that will change the face of connectivity as we prepare our customers for upcoming milestones like the 802.11ay standard and 5G networking
We are very pleased with the development of our new major customers and partners that demand a high level of delivery capability. Through the directed new share issue, we can effectively support this with new capital while broadening the company's ownership base with qualified shareholders. It is therefore very pleasant that we can announce an issue of MSEK 43.4 and welcome one new small-cap fund as a shareholder in Sivers IMA Holding, and that Swedbank Robur Ny Teknik and Nordic Cross Small Cap Edge further increase their holdings in the company
We are very pleased that CST Global received this framework order for pre-commercial, semiconductor devices. We are confident that we will meet the performance specification required by the customer and expect this order to be the first of many, similar sized orders going forward
The BH laser diode development project will enable CST Global to offer new products to a known high demand market. With this new capability and the last years investments in the CST Global factory in Scotland, we will further increase our abilities and broaden the addressable market.
Adding InP epitaxial overgrowth to our foundry capability brings a critical production process in-house, where previously it was out-sourced. It not only mitigates production bottlenecks, but also reduces DFB laser production times. Over the past year, we have significantly increased the capacity of our factory in Scotland to ensure our ability to deliver products worth at least MSEK 250 - 300 per year, depending on product mix.
I am excited to announce an agreement for our 5G products with yet another leading product company for our 5G products. The company has been instrumental in delivering powerful mmWave coonectivity solutions throughout the world and boasts many of the top tier operators as customers. As a complement to the earlier announced partnerships, this will be a close co-operation with a company that has been an active and driving source in the point-to-multipoint market for micro- and millimeterwave for a long time. Our products does not only give our partner a leading edge, we will also learn a lot from their expertise in turn-key system solutions
“This partnership is yet another key stepping stone for Sivers IMA in entering the 5G millimeter wave market. By adding an innovative and forward looking wireless product company to the already established 5G partnerships with Fujikura and Ampleon we gather further strength and insights to this unique group of companies working together towards world class solutions in this area. We are very pleased that this company has chosen to cooperate with Sivers IMA around this exciting technology and again it confirms that our mmWave solutions are cutting edge”
We are pleased that we received this end-of-life order from East Coast Microwave, these VCOs have for a long time been one of our key areas within Sivers IMA. The new VCO, that we today are manufacturing in Silicon Germanium for our WiGig and 5G chips is very important for our world-class mmWave products
“A month ago we were very proud to announce that our paper was among top ten industry showcases for this event. And we were honoured to be selected among some of the giants in the RFIC industry, where the top 10 papers came from Texas Instruments, Intel, Northrop Grumman, Huawei, Samsung, Infineon and Global Foundries. Last night we were selected as number one among these companies. This is of course a massive stamp of approval that we are doing WiGig Chipsets that are considered being state of the art and first-rate also among world class solutions in the industry”
“It is very encouraging when an objective and well-respected organisation such as the IEEE give you such an award, and needless to say, our team has done an exceptional job!”
Yet again has Vinnova given us their confidence in developing a unique product, this time to support future high speed 5G telecommunication networks. 5G will be a key component in all future telecommunication networks, which was confirmed by the Prime Ministers of the Nordic countries last week, where they agreed to a new, deeper cooperation around 5 G development with the ambition that the Nordic region should be at the forefront. With this contribution from Vinnova together with our own investment within 5G, we can now contribute to this vision
We are very pleased to continue our cooperation with Sivers Ima. We are grateful that Vinnova supports the long-term collaboration between industry and university, having already resulted in an excellent experience of delivering a successful technology at 60 GHz. We have again the opportunity to embark on the development of a new communication system supporting the 5G bands at 24-28 GHz and to ensure that it is competitive and world class
The Ångström Laboratory at Uppsala University has an advanced antenna chamber for acoustic and radio frequency measurements, which will help achieve our highest goals and creates large opportunities for collaboration.
To get the opportunity, not only to exhibit our products, but also to take an active part in a panel discussing the leading theme of this event is a great way to have impact on leading decision makers within our industry. I believe this is yet another proof point of the growing interest of the WiGig technology and the business opportunities it brings to both the telecom and the datacom industry. It is also clear that Sivers IMA brings interesting, unique and value adding products to this growing market.
“This is a very strong confirmation that Sivers IMA’s WiGig RFIC is a world class product. I am very proud of the team that has developed an RFIC with so many state-of-the-art functions on one single RFIC. It is a big honour for Sivers IMA to be part of the symposium, and the recognition from the IEEE RFIC symposium of our team is very well-deserved”
We have found a good solution with one of our long-term customers on how to make our final delivery of these older radar modules. These products have been important to Sivers IMA for a long time but are now due to be phased out. Thanks to the end-of-life of these products, we will be able to add resources to increase our focus on our new products for wireless and fiber based high speed networks, which I see as important
“ROF is a very cost-effective solution, which supports 10s of kilometres of fiber connection from a Remote Radio Head to a centralized radio access base band unit pool in 5G networks. CST Global has now proven the feasibility of the 60GHz ROF transmission, which is highly supportive of the CST Global and Sivers IMA joint efforts to optimise a combined ROF, optical and mmWave solution for future 5G networks. Although more development work is needed, I see CST Global’s achievement as confirmation that we are on track to establish a commercially viable solutions in this area”
I am very pleased that our joint work with Uppsala University has been recognised in this great way. It is a big honor for Sivers IMA to be part of this and we are very happy that Uppsala University has been selected to present this paper at such a prestigious conference
The feasibility shows that a 200Gbps, ultra-high-speed, data communications platform for use by hyper-scale, cloud data centres, is now proven. High capacity networks of this type, with greater transmission rates and a lower cost base, will also be essential to cloud services, video-on-demand and IoT markets. It clearly shows that the CWDM, DFB lasers being developed within the SUPER 8-project are on track for full commercialization
We are pleased that CST Global’s investment in 1490nm, DFB laser development has fast-tracked its availability. The GPON market is growing quickly, especially in markets like China and India where we sold over 2 million units in 2017. Adding the new 1490nm, 2.5Gbps, GPON laser to our standard product range increases our opportunity to meet rising demand
As earlier announced, one of our motives to move our listing to Nasdaq First North was to introduce new, long term, international and institutional shareholders as shareholders of Sivers IMA. I am therefore pleased to welcome Swedbank Robur & Nordic Cross Small Cap Edge as new shareholders in Sivers IMA Holding. With our recent industrial investor Ampleon, we have now also included long term-oriented owners and investors which is an important prerequisite to qualify the company for the Nasdaq main list.
There is a big interest in 5G millimeter wave and 60 GHz WiGig solutions. We expect this interest to lead to a broad use of these technologies, especially for Fixed Wireless Access, which will provide gigabit to the home to many consumers already this year. Having one of our customers launching their 60 Ghz product at Mobile World Congress, makes it even more exciting. I am very proud that we today can offer a product with exceptional RF performance, which will help our customers to differentiate their offering and provide true high performing products compared to what is available on the market today. At the MWC, we look forward to deepening our existing relationships and business with key customers and partners as well as establishing relations with new customers and partners, who have discovered the benefits and opportunities our products bring.
We are very proud to be part of CCS’ new self-organizing 5G-ready 60GHz node. CCS is an industry-leading innovator that supplies its award-winning self-organizing Metnet system to several of the world's leading mobile operators
We are proud to announce that CST Global is managing an increasing number of important, British government-funded, technology development projects. HELCATS aligns with CST Global’s objective to develop cutting-edge products for next-generation telecommunications and sensing systems.
The acquisition of CST Global was based on an aggressive growth plan, and investments in production capacity to meet the high demand we see from our customers. Therefore, it is now very pleasing that CST Global exceeded the revenue growth target and achieves a growth of 90 percent in 2017 compared with 2016
“We are pleased that CST Global is trusted to manage a number of important, British government-funded, technology development projects. The CoolBlue2 project supports our objective to develop cutting-edge products for next-generation sensing systems using CST Global´s competence”