Sivers IMA Holding AB (Nasdaq First North: SIVE) today announced it has commenced a partnership with the Swedish EMS partner NOTE for volume delivery of 5G products.
“We are happy that we are now successfully through the design phase and hope to see the first series order in the second half of this year. To begin with orders will come within unlicensed 5G and we also expect orders for licenced 5G products when we have products ready for volume production”, said Anders Storm, CEO of Sivers IMA.
Series production with regards to unlicensed 5G is expected to begin in the second half of 2019 and for licensed 5G products series production is expected from 2020. When volumes ramp up, the partnership is expected to expand beyond Sweden.
“We have partnered with NOTE before and chose NOTE also for our 5G products as they were able to meet our high quality demands in the design process. Furthermore, we will be able to grow production capacity together with NOTE outside of Sweden as volumes ramp up”, continues Storm.
“In many ways this is a perfect example of a NOTE partnership where we get involved early in the customer’s design process and thereafter, as volumes ramp up, we can continue to support the customer, both from Sweden and from even more cost-efficient sites such as China. We follow customers through the complete product lifecycle, from design to after-sales”, said Johannes Lind-Widestam, CEO of NOTE.
For more information, please contact:
Anders Storm, CEO, Sivers IMA
Tel: +46 70 262 6390
Johannes Lind-Widestam, CEO and President, NOTE
Tel: +46 70 541 7222
The information was submitted for publication, through the agency of the contact person set out above, at 11.00 am CET on March 29, 2019.
Erik Penser Bank is Sivers IMA Holding ABs Certified Adviser on Nasdaq First North.
E-mail: email@example.com Tel: +46 8 463 80 00
Sivers IMA Holding AB is a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Stockholm. CST Global is a wholly owned subsidiary of Sivers IMA Holding. 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.
NOTE is one of northern Europe’s leading EMS partners, producing PCBAs, subassemblies and box build products. NOTE’s offering covers the complete product lifecycle, from design to after-sales. NOTE has a presence in Sweden, Finland, the UK, Estonia and China. Net sales in the last 12 months were SEK 1,379 million; the group has approximately 1,080 employees. NOTE is listed on Nasdaq Stockholm. For more information, please go to www.note.eu.