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SIVE - Sivers Semiconductors AB News Story

SEK22.44 -0.1  -0.3%

Last Trade - 14/05/21

Sector
Technology
Size
Small Cap
Market Cap £294.5m
Enterprise Value £277.1m
Revenue £8.15m
Position in Universe 614th / 1832

BRIEF-Sivers IMA Signs 5G Millimeter Wave Agreement With Estimated Value Of SEK 480 Mln

Wed 5th August, 2020 11:06am
Aug 5 (Reuters) - Sivers IMA Holding AB  SIVEH.ST :
    * SIVERS IMA SIGNS 5G MILLIMETER WAVE AGREEMENT WITH AN
ESTIMATED
VALUE OF SEK480M
    * DURING FIRST THREE YEARS FROM COMMERCIAL DEPLOYMENT SIVERS
IMA
ESTIMATES A TOTAL VALUE OF DEAL OF APPROXIMATELY SEK 480
MILLION.
    * THERE ARE NO COMMITTED VOLUMES IN SUPPLY AGREEMENT.
    * GREEMENT INCLUDES 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
    * ESTIMATED VALUE OF APPROXIMATELY SEK 480 MILLION DURING
FIRST
THREE YEARS FROM COMMERCIAL DEPLOYMENT IS BASED ON FORECASTED
VOLUMES FROM CUSTOMER.

Source text for Eikon:  ID:nWkr2S32xl 
Further company coverage:  SIVEH.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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