Sivers IMA Holding AB (Nasdaq First North: SIVE, the company) announced today that the company has signed a joint development agreement with Ampleon to develop the next generation millimiterwave (mmWave) chips for 5G base stations.
Both companies will jointly develop the product and Ampleon will be funding parts of the Sivers IMA development by approximately MSEK 3.5. Ampleon will be the main sales channel to all tier 1 OEMs for the product resulting from the project. Ampleon is one of the leading global suppliers of sub 6 GHz RF power solutions for 4G and 5G cellular base stations, having all the top macro cell telecom network OEMs (Original Equipment Manufacturer) as their customers. There is a demand from the top tier OEMs to get access to world class state of the art mmWave technology for their next generation 5G base stations. Ampleon has with their customers identified this need and is now joining forces with Sivers IMA to bring strategic mmWave components to the market by end of 2019.
” Over the last year we have been working with Ampleon on our 5G consortium, which has resulted in a 28 GHz 5G transceiver chip that is now ready for customer testing. The current chip will be able to address the small cell and customer premises equipment (CPE) market for fixed wireless accesses and some other use cases. Now, we have also agreed with Ampleon to address the specific demand from the top tier OEMs to also offer a solution for 5G base stations.”, says Anders Storm, CEO of Sivers IMA Holding.
According to Ericsson Mobility Report November 2018: The major 5G network deployments are anticipated from 2020, and 1.5 billion 5G subscriptions for enhanced mobile broadband are projected by the end of 2024 Ref .
For more information:
Anders Storm, CEO
Tel: +46 70 262 6390
E-mail: [email protected]
Erik Penser Bank is appointed Sivers IMA Holding AB’s Certified Advisor at Nasdaq First North.
Telefon: +46 8 463 80 00
This information is insider information that Sivers IMA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on December 21, 2018, at 08:00 CET.
Sivers IMA Holding ABis a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Stockholm. The wholly owned subsidiaries Sivers IMAand CST Globaldevelop, 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.
Created in 2015, Ampleonis shaped by 50 years of RF power leadership and is set to exploit the full potential of data and energy transfer in RF. Ampleonhas more than 1,350 employees worldwide, dedicated to creating optimal value for customers. Its innovative, yet consistent portfolio offers products and solutions for a wide range of applications, such as mobile broadband infrastructure, radio & TV broadcasting, CO2 lasers & plasma, MRI, particle accelerators, radar & air-traffic control, non-cellular communications, RF cooking & defrosting, RF heating and plasma lighting. For details on the leading global partner in RF Power, visit www.ampleon.com