CST Global receives framework order of 21.5 MSEK from a US, Fortune 100 company
Sivers IMA Holdings AB’s (Nasdaq First North: SIVE) subsidiary, CST Global, today announced that it has received a 21.5 MSEK framework order for the delivery of semiconductor devices to a US Fortune 100 company. The customer has already successfully evaluated prototype devices and this order is for pre-commercial devices, to ensure conformance to the final specification, before placing further orders.
"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 ", says Anders Storm, CEO of Sivers IMA.
A total of 12.6 MSEK of the framework order will be delivered and billed during the 4thquarter of 2018.
For more information:
Anders Storm, CEO
Tel: +46 70 262 6390
Erik Penser Bank is appointed Sivers IMA Holding ABs Certified Adviser on Nasdaq First North.
Tel: +46 8 463 80 00
This information is insider information that Sivers IMA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on October 11, 2018, at 08:00 CET.
Sivers IMA Holding ABis a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Stockholm. The wholly owned subsidiaries Sivers IMAand CST Globaldevelop, manufacture and sell cutting-edge chips, components, modules and subsystems based on proprietary advanced semiconductor technology in microwave, millimeter wave and optical semiconductors. Headquarters in Stockholm, Sweden. Learn more at http://siversima.com.