Sivers Semiconductors AB has announced an expansion of its existing chipset agreement with Thorium Space, valued at $2.9 million. This second phase of the partnership will focus on further development and validation of chipsets, aiming to prepare for future large-scale manufacturing. Sivers anticipates recognizing $2.1 million in revenue from this contract in 2024.
The agreement extends the collaboration between Sivers Wireless, a unit of Sivers Semiconductors, and Thorium Space, a Polish company specializing in satellite communication systems. This phase is critical for Thorium Space's upcoming space deployments.
Thorium Space is also collaborating with the European Space Agency (ESA) on the HummingSAT project to develop telecommunications satellites for geostationary orbit, with significant funding from ESA supporting the project.
Central to the collaboration is Sivers' Ka-band technology, which enhances the efficiency of satellite communication systems by reducing the size and weight of satellite transceivers. This technology is crucial for the success of future space missions, indicating the strategic importance of the partnership between Sivers Semiconductors and Thorium Space in the satellite communications industry.
