KISTA, Sweden, 5 August, 2020 – Sivers IMA Holding AB (Nasdaq First North Growth Market: SIVE) today announced that the company has signed a combined development and supply agreement with a Global high-tech company listed on New York Stock Exchange (NYSE).
The parties will jointly offer a 5G millimeter wave (mmWave) solution based on Sivers IMA’s coming next generation 5G mmWave technology that will be available in large volumes from 2023. During the first three years from commercial deployment Sivers IMA estimates a total value of the deal of approximately SEK 480 million.
“This agreement is a great strategic fit to our capabilities as a supportive, responsive and leading-edge supplier. This long-term agreement is strong proof of our world class 5G millimeter wave technology,” said Anders Storm, CEO of Sivers IMA.
The agreement includes the development of a 5G RF transceiver module that will be part of a 5G millimeter wave Customer Premises Equipment (CPE) product, which is estimated to be commercially deployed in large volumes starting from 2023.
The estimated value of approximately SEK 480 million during the first three years from commercial deployment is based on forecasted volumes from the customer. There are no committed volumes in the supply agreement.
For more information please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
Erik Penser Bank is appointed Sivers IMA Holding AB’s Certified Advisor at Nasdaq First North Growth Market.
Tel: +46 8 463 80 00
This information is insider information that Sivers IMA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on 5 August, 2020 at 12:00 AM CET.