Sivers Photonics receives $1m in new orders
Orders from US customers are for advanced lasers and optical amplifiers for critical applications
Sivers Semiconductors AB has announced that its UK-based subsidiary, Sivers Photonics, has received orders to the value of $1m for advanced optical sensing products.
The new orders, from US based customers, were received during the first part of fourth financial quarter 2023 and will result in the product manufacture of advanced lasers and optical amplifiers for critical applications, with the majority of the delivery expected throughout 2024.
These latest orders are the result of an increase in demand for Sivers lasers as companies engineer next generation products for autonomous vehicles and smart factories, innovative medical devices and equipment, and multiple new applications across a range of industries.
“These production orders demonstrate the continued strong organic growth across established and emerging optical sensing markets and further validate the technical capability of Sivers Photonics UK wafer fabrication facility” says Andy McKee, MD of Sivers Photonics.
“We have put up a medium-term goal of increasing product sales from currently 30 percent of our revenue to over 80 percent by 2026. This is one of many product orders we therefore expect to see, to secure our continued growth that will be fuelled by an increased share of product revenue in the coming years.” says Anders Storm, CEO Sivers Semiconductors.