Sivers IMA wins SEK4m order for new project with existing Fortune 100 customer.


12 October 2020

KISTA, Sweden, 12th October, 2020 – Sivers IMA Holding AB (Nasdaq First North Growth Market: SIVE) today announced that its subsidiary, CST Global, has received an order worth approximately SEK4m for a new project from one of its established, Fortune 100 customers.

The order covers design, development and supply of semiconductor laser prototype devices for use in advanced, optical sensing applications. The order comes in addition to existing framework orders from the same customer and will be completed and billed during 2020. Thus, this Fortune 100 customer has now placed orders at Sivers IMA’s Photonics business totalling SEK74m from October 2018.

“Having this very large Fortune 100 customer yet again putting their trust in us for a new project is very exciting. Even though the magnitude of the project, at this point, is not as large as previous projects with this customer, it is very gratifying that they are once again choosing us as a partner for a new project and thus deepening our relationship. We have been able to successfully meet this customer’s performance and quality standards for optical sensing devices over quite a long period and look forward to working with them even more in the future,” said Anders Storm, CEO of Sivers IMA.

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