CML Microsystems PLC New Customer Announcement

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CML Microsystems PLC

06 March 2017

06 March 2017

CML Microsystems Plc

New Customer Announcement

CML Microsystems Plc, ("CML" or "the Group"), which designs, manufactures and markets mixed-signal and Radio Frequency (RF) semiconductors, primarily for global communication and solid state storage markets, is pleased to announce that its wholly owned subsidiary, Hyperstone GmbH, has today announced its first design-win with Micron Technology, Inc., a world leader in innovative memory solutions.

Hyperstone's USB 3.1 Flash Memory controller solution, U9, has been designed into Micron's new eU500 embedded USB module, an embedded solid state storage solution aimed at networking, telecoms and industrial Internet of Things (IoT) markets. The Micron product is being launched at the upcoming Embedded World Show in Nuremberg, Germany, from 14 - 16 March 2017.

Group Managing Director of CML Microsystems Plc, Chris Gurry, stated: "The combination of Hyperstone's latest flash memory controller and Micron's world leading NAND flash memory solution is a formidable one, leveraging the core strengths of each company. Hyperstone's U9 is compatible with current and next generation flash memory technologies whilst offering class-leading performance within demanding industrial application areas."

The full Hyperstone press release can be found at https://www.hyperstone.com

The full Micron press release can be found at http://investors.micron.com/releasedetail.cfm?ReleaseID=1015912

 
CML Microsystems Plc          www.cmlmicroplc.com 
 Chris Gurry, Group Managing   Tel: [phone] 
 Director                      500 
 Neil Pritchard, Group 
 Financial Director 
Cenkos Securities plc         Tel: [phone] 
 Alex Aylen (Sales) 
 Max Hartley (Corporate 
 Finance) 
SP Angel Corporate Finance    Tel: [phone] 
 LLP 
 Jeff Keating 
Alma PR 
 Josh Royston                   Tel: [phone] 
 Robyn McConnachie              Tel: [phone] 
 

About CML Microsystems PLC

CML designs and develops semiconductors for the industrial storage and communications markets. The Group utilises a combination of in-house and outsourced manufacturing and has trading operations in Europe, the Far East and the USA. CML targets niche markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading telecoms equipment providers and industrial product manufacturers.

The spread of its customers and products largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end-markets is being driven by factors such as the ever-increasing trend towards solid state storage devices in the commercial and industrial sectors, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial communications networks for voice and/or data communications linked to the industrial internet of things (IIoT).

The Group is cash-generative, has no borrowings and is dividend paying.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 06, 2017 08:39 ET (13:39 GMT)