12 September 2022
Sivers Photonics receives $1m follow-on order for optical sensing lasers
Sivers Semiconductors AB of Kista, Sweden (which supplies chips and integrated modules) says that its subsidiary Sivers Photonics (formerly CST Global of Glasgow, Scotland, UK) has received a new order, worth $955,000 (about SEK10m), from its first established US Fortune 100 customer.
The order covers the design, development and supply of semiconductor laser devices for use in advanced optical sensing applications. Sivers Photonics has been working with this key customer for over three years.
“We are pleased to continue to contribute as key supplier to this customer, as we look towards supporting them with the volume production,” says Sivers Photonics’ managing director William McLaughlin. “This new order brings the total order value for this customer to approximately SEK34m during 2022,” he adds.
“In 2022 we are exceeding record levels sales volumes for a single year with this Fortune 100 customer and orders now totaling over SEK130m in development fees since the start of the project,” says Sivers Semiconductors’ group CEO Anders Storm. “This order underpins the deep working relationship we have with this customer and yet again strengthen our belief in a favorable future volume phase.”