REG - CML Microsystems PLC - Significant Long-Term GNSS Contract

CML MicrosystemsAnnouncement

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RNS Number : 5221Q  CML Microsystems PLC  10 July 2025

10 July 2025

CML Microsystems Plc

("CML", "CML Micro" or the "Group")

Significant Long-Term GNSS Contract

Contract valued at over $30 million advances CML's position in global
satellite technology market

CML Microsystems Plc, which develops mixed-signal, RF and microwave
semiconductors for global communications markets, announces a 12-year design
and supply agreement with a leading manufacturer of industrial Global
Navigation Satellite System (GNSS) equipment. Under the terms of the contract,
CML will deliver advanced design services and product supply valued at over
$30 million across the duration of the partnership.

This milestone agreement reinforces CML Micro's strategic commitment to the
global satellite technology market and strengthens its position as a key
enabler of high-precision GNSS applications. It also showcases CML's ability
to support the rigorous manufacturing processes that are critical to meeting
stringent industry requirements and ensuring long-term supply chain
resilience, including in-house production test capabilities in the UK and in
Silicon Valley. The contract reflects customer confidence in selecting CML as
a trusted partner in delivering innovative, high-performance semiconductor
solutions.

Mark McCabe, Group Chief Operating Officer of CML Microsystems, commented:

"This long-term agreement is a strong endorsement of CML Micro's capability to
deliver cutting-edge, application-specific semiconductors tailored to the
demanding requirements of the GNSS sector. The combination of advanced RF
design expertise, robust product lifecycle support, and supply chain
reliability was central to securing this multi-year commitment. It reinforces
our strategic focus on enabling next-generation positioning technologies
through sustained innovation and commercial execution."

 Enquiries:

 CML Microsystems Plc                                     www.cmlmicroplc.com (http://www.cmlmicroplc.com/)

Tel: +44 (0) 1621 875 500
 Chris Gurry, Group Managing Director

 Nigel Clark, Executive Chairman
 Shore Capital (Nominated Adviser and Broker)             Tel: +44 (0) 20 7408 4090

 Toby Gibbs, James Thomas, Lucy Bowden

 Fiona Conroy (Corporate Broking)
 Alma Strategic Communications                            Tel: +44 (0)20 3405 0205

 Josh Royston, Andy Bryant, Robyn Fisher, Emma Thompson

 

About CML Microsystems PLC

CML develops mixed-signal, RF and microwave semiconductors for global
communications markets. The Group utilises a combination of outsourced
manufacturing and in-house testing with trading operations in the UK, Asia and
USA. CML targets sub-segments within Communication 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 commercial and industrial
product manufacturers.

Growth in its end markets is being driven by factors such as the appetite for
data to be transmitted faster and more securely, the upgrading of telecoms
infrastructure around the world and the growing prevalence of private
commercial wireless networks for voice and/or data communications linked to
the industrial internet of things (IIoT).

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

 

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