Sivers IMA wins SEK7.3m follow-up order from Fortune 100 customer

Sivers IMA Holding AB (Nasdaq First North: SIVE) today announced that its subsidiary, CST Global, received a new order worth SEK7.3m from an existing, US-based Fortune 100 customer.The order is in addition to existing framework orders CST Global has had with the same company.

Sivers IMA Holding AB (Nasdaq First North: SIVE) today announced that its subsidiary, CST Global, received a new order worth SEK7.3m from an existing, US-based Fortune 100 customer.The order is in addition to existing framework orders CST Global has had with the same company. 

The new contract is for the supply of semiconductor devices and is the result of Sivers IMA continuing to successfully supply prototype, pre-commercial and commercial semiconductor devices in sampling and production volumes, to the standards and quality required by the customer. Today’s order will be delivered and billed before the end of 2019.

“Winning this follow-up order with the established Fortune 100 customer is evidence of our innovative and high-quality semiconductor devices and brings the total order value we have with this company to about SEK50m in less than a year. By continuing to meet the customer’s performance and quality conditions, we expect additional orders in the future,” said Anders Storm, CEO of Sivers IMA. 

For more information, please contact: 

Anders Storm, CEO 
Tel: +46 70 262 6390 
e-mail: 
anders.storm@siversima.com

Contact CST Global on 

+44 (0) 1698 722072

or visit www.CSTGlobal.uk for more information.

Erik Penser Bank is appointed Sivers IMA Holding AB’s Certified Advisor at Nasdaq First North.

Tel: +46 8 463 80 00

e-mail: certifiedadviser@penser.se 

This is information that Sivers IMA Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 08:00 pm CET on August 28, 2019.

Sivers IMA Holding AB is a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Stockholm. The wholly owned subsidiaries Sivers IMA and CST Global develop, 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. 

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About Us

Sivers IMA Holding 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://siversima.com

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Winning this follow-up order with the established Fortune 100 customer is evidence of our innovative and high-quality semiconductor devices and brings the total order value we have with this company to about SEK50m in less than a year. By continuing to meet the customer’s performance and quality conditions, we expect additional orders in the future
Anders Storm, CEO of Sivers IMA