Solid State PLC GBP7.3m Defence Contract with NATO

TIDMSOLI

Solid State PLC

14 November 2022

Reach - non regulatory announcement

Solid State plc

( "Solid State", the " Group " or the "Company" )

GBP7.3m Defence Contract with NATO

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces that it has been awarded a GBP7.3m contract by the NATO Support and Procurement Agency (NSPA) to supply communications equipment to a defence customer through its Systems division. Delivery is expected within the current financial year, which will contribute towards achieving current market expectations.

Commenting on the contract, Matthew Richards, MD of the Systems division, said:

"In our AGM statement we referenced the strength of the defence sector, so it is pleasing to be announcing this award with such a significant client. The Group has a good reputation in the delivery of high reliability technology for ruggedised applications so this customer requirement fitted very well."

For further information please contact:

 
 Solid State plc                         Via Walbrook 
  Gary Marsh - Chief Executive 
  Peter James - Group Finance Director 
 Walbrook PR (Financial PR)              020 7933 8780 
  Tom Cooper / Nick Rome                  0797 122 1972 
                                          [e-mail] 
 

Analyst Research Reports: For further analyst information and research see the Solid State plc website: https://solidstateplc.com/research/

Notes to Editors:

Solid State plc (SOLI) is a value added electronics group supplying commercial, industrial and defence markets with durable components, assemblies, manufactured units and power units for use in specialist and harsh environments. The Group's mantra is - 'Trusted technology for demanding environments'. To see an introductory video on the Group - https://bit.ly/3kzddx7

Operating through two main divisions: Systems (Steatite, Active Silicon & Custom Power) and Components (Solid State Supplies, Pacer, Willow Technologies & AEC); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic, electro-mechanical and opto-electronic products.

Headquartered in Redditch, UK, Solid State employs approximately 400 staff across the UK and US, serving specialist markets with high barriers to entry in industrial, defence and security, transportation, medical and energy.

Solid State was established in 1971 and admitted to AIM in June 1996. The Group has grown organically and by acquisition - having made 4 acquisitions in the last 5 years.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAFZMMMNMVGZZM

(END) Dow Jones Newswires

November 14, 2022 02:00 ET (07:00 GMT)