Sivers IMA Holding AB (Nasdaq First North: SIVE) today announces that the company has received an order worth SEK 6.5m for delivery of FMCW radar modules to a leading systems integrator in the maritime area. The order applies to older FMCW radar modules that Sivers IMA has developed and manufactured for many years. Sivers IMA recently announced an end-of-life for this type of FMCW radar modules. Since this an end-of-life order for these products, the order value is higher than for an average year.
Sivers IMA today announced that CAE S.p.A., a state-of-the-art system supplier of environmental monitoring systems, has selected Sivers IMA as their radar module partner for their Level Probing Radar (LPR) Hydrometer product. Under this partnership Sivers IMA will deliver FMCW radar technology allowing CAE to provide a state-of-the-art LPR Hydrometer solution.