Sivers Semiconductors
Expands Partnership with Thorium Space S.A.
February 1, 2024
The second-phase contract is
valued at USD $2.9 Million and will drive the
development of a next-gen satellite communications
system. Kista, Sweden // Feb.1, 2024 // Sivers
Semiconductors AB (STO: SIVE) today announced the
expansion of its chipset agreement with Thorium
Space. This USD 2.9 million (approx. 30 MSEK) second
phase will focus on the advanced development and
validation of the chipsets designed in the initial
phase, further laying the groundwork for future
large-scale manufacturing. The company anticipates
recognizing revenue up to USD $2.1 million from this
contract in the year 2024.
This new contract represents
the continuing and deepening partnership between
Sivers Wireless, a business unit of Sivers
Semiconductors, and the Polish satellite
communication systems pioneer.
The achievement marks a
significant step forward in Thorium Space's
preparations for its planned space deployment,
targeting the launch of these sophisticated
satellite operations.
Thorium Space is asserting its
prominence in the satellite communications sector,
underscored by its recently announced collaboration
with the European Space Agency (ESA) on the
groundbreaking HummingSAT project, aimed at
developing telecommunications satellites for
geostationary orbit (GEO), where Thorium’s
digitally-defined payloads will play a key role.
Notably, Thorium Space has
secured substantial funding from the ESA for this
endeavor, with a commitment of €8 million for the
initial A/B phase and an additional €25 million for
the subsequent C/D/E phase.
Sivers' advanced Ka-band
technology, with its focus on electronic beam
steering, is key for efficient satellite
communications systems. This technology
significantly reduces the size, weight, and space
needed for satellite transceivers, which are crucial
for space missions.
By replacing mechanically
steered antennas with electronic alternatives,
Sivers enhances operational efficiency and reduces
maintenance. This is particularly beneficial for
satellite communications, ensuring reliable links in
challenging space conditions. Additionally, these
solutions offer improved broadband performance with
high efficiency and low energy use, making Sivers
Wireless a prime choice for compact, efficient, and
high-performing telecommunications.
"Our continued joint
development with Thorium Space marks a significant
step in advancing geostationary telecommunications
satellites," stated Anders Storm, Group CEO of
Sivers Semiconductors. "This partnership represents
a powerful convergence of innovation and expertise,
collectively pushing the frontiers of satellite
communications technology forward."
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