Sivers Wireless receives $5M volume production order from its leading European SATCOM customer
Sivers Semiconductors AB (“Sivers”; Nasdaq Stockholm: OM.SIVE) subsidiary Sivers Wireless has received a $5M (approx. 55 million SEK) volume production order from its leading European SATCOM customer. The production order is for beamforming integrated circuits (BFIC) which will be delivered during the fourth quarter 2023 and first quarter 2024. Most of the income will be revenue recognized during the same period.
The BFICs are now in full volume production and this is the second production volume order received by Sivers. The previous order of approximately $1.5M was announced on October 21st, 2022, and marked the start of the customer’s production ramp.
“This is a very significant event for Sivers, and it marks the start of increased product sales to this customer. It is exciting to see this longstanding strategic partner of ours ramp even further into volume production. It is a testament to both our BFIC technology, as well as our partner’s novel SATCOM terminal concepts and customer traction. This order will cover this customer’s needs until early 2024, and we are looking forward to even larger orders for the rest 2024 and beyond," said Anders Storm, CEO of Sivers Semiconductors.
These BFIC achieve state-of-the-art performance in output power, noise performance, efficiency, and multi-beam capability. They were developed under the strategic partnership contract won by MixComm in Q4 2020 (now part of Sivers Wireless).
For more information please contact:
Anders Storm, Group CEO
Tel: +46 70 262 6390
E-mail: [email protected]
This disclosure contains information that Sivers Semiconductors is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the contact person set out, on 21-08-2023 08:00 CET.
Sivers Semiconductors AB is a leading and internationally recognized technology company that supplies ICs and integrated modules through its two business areas Wireless and Photonics. Wireless develops mmWave products for advanced 5G systems for data and telecommunications networks and satellite communication. The portfolio includes RF transceivers, beamforming front end ICs, integrated mmWave antennas, repeaters, and software algorithms for optimum mmWave RF performance. Photonics develops and manufactures semiconductor based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi). The company is listed on Nasdaq Stockholm under SIVE. The head office is located in Kista, Sweden. For more information: http://www.sivers-semiconductors.com