Brief: Sivers Wireless Receives Order From European Satcom Client

Sivers Semiconductors AB

21/08/2023 07:46

Aug 21 (Reuters) - Sivers Semiconductors AB  SIVEH.ST :
    * SIVERS WIRELESS RECEIVES $5M VOLUME PRODUCTION ORDER FROM
ITS
LEADING EUROPEAN SATCOM CUSTOMER
    * PRODUCTION ORDER IS FOR BEAMFORMING INTEGRATED CIRCUITS
(BFIC)
WHICH WILL BE DELIVERED DURING Q4 2023 AND Q1 2024.
    * MOST OF INCOME WILL BE REVENUE RECOGNIZED DURING SAME
PERIOD.
    * SUBSIDIARY SIVERS WIRELESS HAS RECEIVED A $5M (APPROX. 55
MILLION SEK) VOLUME PRODUCTION ORDER FROM ITS LEADING EUROPEAN
SATCOM CUSTOMER
    * BFICS ARE NOW IN FULL VOLUME PRODUCTION AND THIS IS SECOND
PRODUCTION VOLUME ORDER RECEIVED BY SIVERS

Source text for Eikon:  ID:nWkr2SbpWr 
Further company coverage:  SIVEH.ST 

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