Sivers IMA Holding AB (Nasdaq First North: SIVE) today announced that it has received a 5.5 MSEK order for VCOs from our US distributor East Coast Microwave.
The order concerns older VCOs that Sivers IMA will cease to manufacture from 2019.
“We are pleased that we received this end-of-life order from East Coast Microwave, these VCOs have for a long time been one of our key areas within Sivers IMA. The new VCO, that we today are manufacturing in Silicon Germanium for our WiGig and 5G chips is very important for our world-class mmWave products”, says Anders Storm, CEO of Sivers IMA.
The deliveries of the VCOs to ECM will start in the third quarter with the goal of delivering the final part of the order in the beginning of 2019.
For more information:
Anders Storm, CEO
Tel: +46 70 262 6390
Erik Penser Bank is appointed Sivers IMA Holding ABs Certified Adviser on Nasdaq First North.
Tel: +46 8 463 80 00
Sivers IMA Holding ABis a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Stockholm. The wholly owned subsidiaries Sivers IMAand CST Globaldevelop, 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.