Sivers IMA (Nasdaq First North: SIVE) today announced that its subsidiary, CST Global, has received a follow-up, SEK20 million framework orders from an existing US Fortune 100 customer, extending its leadership in the optical communications market.
The framework orders, for the supply of semiconductor devices, follow on from a previous, completed framework order from the same customer in October 2018, for the supply of prototype, pre-commercial and commercial semiconductor devices in sampling and volume production volumes.
“The new framework order follows on from the successful completion of a previous framework order agreement with this customer. We have clearly met the customer’s pre-requisite performance specifications and quality standards.” said Anders Storm, CEO of Sivers IMA.
Today’s order will be delivered and billed during the second half of 2019.
For more information, please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
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
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 23:30 pm CET on July 15, 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.