Sivers IMA (Nasdaq First North: SIVE) today announced its subsidiary CST Global gains traction within FTTH through the MIRAGE project.
The MIRAGE project, which was started in 2015 and government-funded through Scottish Enterprise, has now been finalized after almost four years. The project has helped CST Global develop mid-infrared laser chips for applications in worldwide FTTH (Fiber-to-the-home), sensing, imaging, telecoms and data-centre markets. The MIRAGE project has given access to the expertise and materials required to compete in these markets and has thus helped secure CST Global’s access to these markets.
“The project has allowed CST Global to develop a new chip at the forefront of the market. We now successfully manufacture competitive lasers for high volumes that meet the required ITU standards” said Anders Storm, CEO of Sivers IMA.
MIRAGE was the first project of its kind in Scotland. It was delivered by a collaboration of four SME companies – CST Global, Cascade Technologies, Gas Sensing Solutions and Amethyst Research. The project fund of £6.35m was managed through Scottish Enterprise and is expected to add £56m of cumulative growth to the Scottish economy and create 41 new jobs. The project has helped create a globally competitive supply chain in Scotland.
For further information, please see the 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]
Sivers IMA Holding AB is a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Growth Market Stockholm. The wholly owned subsidiaries Sivers IMA and CST Global develop, 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.