Sivers IMA’s subsidiary CST Global awarded SEK4.7m EU grant

KISTA, Sweden, 9th October, 2020 - Sivers IMA Holding AB (Nasdaq First North Growth Market: SIVE) today announced that its wholly owned subsidiary CST Global has been awarded a grant of SEK4.7m to develop Quantum Gallium Nitride (Q-GaN) visible light laser diode sources, suitable for quantum sensing and specialised telecommunications applications. The project is funded by the European R&D initiative Eurostars to a value of SEK9.9m, split between CST Global and project partner, TopGaN Ltd Poland.

The prime Q-GaN laser technology application is in atomic clocks, helping to ensure accurate GPS coverage when satellite connections are weak or lost. Transport industries will benefit first. However, within 15 years, the technology is expected to be miniaturised for smartphones and smartwatches, opening up a wide range of consumer applications. Q-GaN’s prime telecoms application aims to improve the timing and sychronisation of optical data transmission, with real-world deployments coming much sooner.

For more information about the Q-GaN project, please read CST Global’s press release at https://www.cstglobal.uk/news

For more information, please contact:
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 Growth Market.
Tel: +46 8 463 80 00
E-mail: [email protected]