NEWS

CST Global signs £10M deal with large systems supplier

BLANTYRE, SCOTLAND – Sivers IMA Holdings AB confirms that its wholly-owned subsidiary, CST Global, UK’s leading, independent, III-V opto-electronic, semiconductor foundry, has signed a Master Purchase Agreement (MPA) with a large, North American-based, global provider of network systems. CST Global is to supply opto-electronic devices, essential for the deployment of next-generation, cloud, data-centre and Hyperscale data centre applications.

According to Cisco® Global Cloud Index, Hyperscale data centres will grow from 259 in number at the end of 2015 to 485 by 2020.

Anders Storm, CEO of Sivers IMA, explained, ““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, data centre 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”.

Hyperscale data centres contain at least 5000 servers each. Data centres 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.”

The order value, over a two-year period, is expected to be worth 10 million USD.

www.siversima.com

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