Today Sivers IMA (Nasdaq First North: SIVE) announces that they, together with Uppsala University, has been granted a total contribution of 4 MSEK from “Smartare Elektroniksystem Forsknings- och innovationsprojekt 2018”. The project will be led by Sivers IMA and it will be executed together with the Institution for Technical Science at “Ångströmslaboratoriet” at Uppsala University.
Sivers IMA Holding
Sivers IMA Holdings AB subsidiary, CST Global, has successfully proven the feasibility of 60GHz Radio over Fiber (ROF) transmission, at a 1270nm wavelength. ROF networks are emerging as a completely new and promising communication paradigm for delivering broadband wireless access services and fronthaul at 60 GHz, relying on the synergy between fixed optical and millimeter wave (mmWave) technologies. CST Global’s research shows that their 60GHz, ROF, broadband solution is feasible, by combining CST Global’s optical solutions and mmWave technology from Sivers IMA in the future.
Sivers IMA Holding AB (Nasdaq First North: SIVE) today announces that Uppsala University has been selected to present a joint paper at the European Conference on Antennas and Propagation (EuCAP). EuCAP is one of the flagship conferences on antennas and propagation, attracting researchers from across the world. With approximately 1200 attendees it is the largest conference of its kind outside the US.
Sivers IMA Holdings AB subsidiary, CST Global, has successfully proven the feasibility of its uncooled, ridge waveguide, CWDM, DFB lasers to transmit at 25 Gbps. This shows that the CWDM, DFB lasers are on track for full commercialization in applications like data communications platforms for hyper-scale, cloud data centres.
Sivers IMA Holdings AB subsidiary, CST Global, has added 1490nm, 2.5Gbps, GPON (Gigabit-capable Passive Optical Network) lasers to its fiber to the home (FTTH) product portfolio, following successful beta testing.
In connection with the directed share issue announced by Sivers IMA Holding AB on February 23 this year, the company’s shareholder (via holding company) Erik Fällström lends 4,400,000 shares to Erik Penser Bank to facilitate delivery of the corresponding number of shares subscribed for in the share issue. The borrowed shares will be returned when the share issue has been registered with the Swedish Company Registration Office (Bolagsverket).
Sivers IMA Holding AB (Nasdaq First North: SIVE, the company) today announces that Swedbank Robur and Nordic Cross Small Cap Edge have subscribed for in total 4.4 million shares in the company for a consideration of a total of 26.4 SEKm in a share issue in Sivers IMA Holding AB. The shares subscribed for correspond to approximately 4 percent of the votes and share capital of the company after dilution (including outstanding shares issued to former shareholders of CST Global).
As previously announced, Sivers IMA Holding AB (“Sivers IMA”) signed an agreement on the acquisition of all shares in Compound Semiconductor Technologies Global Limited (“CST Global”), that designs, manufactures and supplies semiconductor lasers and others semiconductor optical products.
In connection with the acquisition on May 19, 2017, Sivers IMA paid an initial purchase price to the sellers of CST Global of 27,924,998 shares in Sivers IMA. The seller is further entitled to an additional purchase price of 13 962 499 newly issued shares in Sivers IMA, if CST Global’s revenues during 2017 exceed 6.5 MGBP (approximately 72,8 MSEK). CST Global’s revenues in 2017 amount to approximately 6.7 MGBP (about MSEK 75), which means that sellers are entitled to the agreed additional purchase price.