CST Global Wins Major US Order
Company signs agrreement worth around $10 million to supply optoelectronic devices for next-generation datacentre applications
III-V fab CST Global has signed a Master Purchase Agreement (MPA) with a large, North American-based, global provider of network systems. CST Global is to supply optoelectronic devices, essential for the deployment of next-generation, cloud, datacentre and hyperscale datacentre applications.
The order value, over a two-year period, is expected to be worth $10 million.
"This is an extremely important contract for CST Global. It confirms that we offer the right opto-electronic solutions, at the right time, to the rapidly growing, cloud, datacentre market. It is one of several major growth markets that we have identified, driven by the communication and sensor society. This growth will be further supported by billions of connected items, due to the Internet of Things (IoT), as well as future 5G networks," said Anders Storm, CEO of Sivers IMA, CST's holding company.
Hyperscale datacentres contain at least 5000 servers each. Datacentres of all sizes have massive amounts of fibre connections requiring the opto-electronic devices that CST Global supplies.
Anders Storm continues: "This MPA is the first we have in place with a large North American, network systems provider of such global reach and scale. CST Global is amongst a select group of companies in the world, capable of providing the opto-electronic devices required, in the necessary quantities.
"This MPA is an acknowledgement that CST Global is a well-recognised, global supplier of opto-electronic devices."