Solid State PLC $3.2m power contract to defence & aerospace co

TIDMSOLI

Solid State PLC

12 September 2018

Solid State plc

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

$3.2m long term supply agreement with UK's leading International Defence,

Aerospace and Security company

Solid State plc (AIM: SOLI), the AIM listed manufacturer of computing, power and communications products, and value added distributor of electronic components, is pleased to announce that its distribution division, Solid State Supplies Ltd, has been awarded a $3.2 million long term supply agreement with the UK's leading international defence, aerospace and security company. The award follows the recent announcement of a distribution franchise for VPT, a leading global provider of power conversion solutions for the rapid deployment of critical power systems in avionics, military and space applications.

The award is for the supply of military grade power supplies over a period of 3 years with deliveries expected to commence in the latter part of the current calendar year.

Commenting on the contract, John Macmichael, Managing Director of Solid State Supplies Ltd, said:

"We were very pleased to win the VPT franchise earlier this year believing that we could further develop its potential in the niche military and aerospace markets.

"This contract with this significant defence, aerospace and security company demonstrates our ability to increase sales for manufacturers wanting to target specialist end user markets."

For further information please contact:

 
 Solid State plc                          01527 830 630 
 Gary Marsh - Chief Executive             [e-mail] 
  Peter James - Group Finance Director 
 
 Walbrook PR (Financial PR)               020 7933 8780 
 Tom Cooper / Paul Vann                   0797 122 1972 
                                          [e-mail] 
 

Notes to Editors:

Solid State plc (SOLI) is a leading value added group of companies providing specialist design-in and manufacturing services to those acquiring computing, power and communications products and electronic component services for use in harsh environments.

Serving niche markets in oil & gas production, medical, construction, security, military and field maintenance, Solid State acts as both a component supplier to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

Headquartered in Redditch, Solid State employs over 200 staff across four locations. Solid State operates through two main divisions: Solid State Supplies and Steatite.

Solid State was established in 1971 and admitted to AIM in June 1996.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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.

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September 12, 2018 02:01 ET (06:01 GMT)