Sivers IMA (Nasdaq First North: SIVE) today announced that it has signed an agreement with partner Blu Wireless Technology Ltd (Blu Wireless) for the delivery of radio modules for unlicensed mmWave 5G wireless communication markets such as FWA (Fixed Wireless Access) and track-to-train. First deployments of Blu Wireless’ track-to-train solution are planned during the first quarter of 2020.
Railway operators have long sought to improve their Wi-Fi quality but have faced major technical and cost challenges to deliver reliable Gbps broadband to their customers. Blu Wireless’ unlicensed mmWave 5G solution exploits the unique capabilities of SiversIMA’s radio modules to offer their passengers stable and fast Wi-Fi connectivity at a data rate of over 100 times that currently possible with 4G technology.
“Our well-integrated solution has seen strong demand and it is very gratifying that the market is now starting to pick up and demand is materializing into orders,” said Anders Storm, CEO of Sivers IMA.
Blu Wireless has been an important partner to Sivers IMA for many years. Together, the companies offer an integrated solution of Sivers IMA’s leading radio technology and first-class baseband technology from Blu Wireless. The supply agreement applies to radio modules, so-called RF modules for the unlicensed 60GHz frequency band.
For more information:
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 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 08:00 pm CET on November 29, 2019.
Sivers IMA Holding ABis a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Growth Market Stockholm. The wholly owned subsidiaries Sivers IMAand 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.