KISTA, Sweden – April 14, 2020 Sivers IMA Holding AB (Nasdaq First North Growth Market: SIVE) today announced that its subsidiary, CST Global, received a development order worth SEK 7.5 million from a US Fortune 100 customer. The order is for the supply of photonic semiconductor devices within the optical sensing market. It will be delivered and billed during 2020.
“We are very excited to deliver our photonic laser to be used for this sensing application to this US Fortune 100 customer. This is the second US Fortune 100 customer that has chosen our photonic semiconductor devices. This shows that our Photonics devices are innovative and state of the art,” said Anders Storm, CEO of Sivers IMA.
The development order includes design services as well as delivery of early prototype samples.
The global optical sensing photonic laser market is estimated to grow to USD 664 million by 2024 from USD 183 million in 2018, according to Yole Développement.
For more information, please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
Erik Penser Bank is appointed Sivers IMA Holding AB’s Certified Advisor at Nasdaq First North Growth Market.
Tel: +46 8 463 80 00
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 6:00 pm CET on April 14, 2020.
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: https://siversima.com