RCS - IQE PLC - IQE plc: Gold Tier Supplier Award from BAE Systems

IqeAnnouncement

19/04/2023 07:00

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RNS Number : 6642W  IQE PLC  19 April 2023

IQE plc

 

Reach

 

Cardiff, UK

19 April 2023

 

 

IQE wins Gold Tier Supplier Award from BAE Systems

 

 

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading supplier of compound
semiconductor wafer products and advanced material solutions to the global
semiconductor industry, is pleased to announce it has received a Gold Tier
Supplier Award from BAE Systems, the global provider of defence, aerospace and
security solutions.

The Gold Tier Supplier Award recognises exceptional performance and
contributions to supply chain success for BAE Systems' Electronic Systems
sector in 2022. BAE Systems' Partner 2 Win program is designed to achieve
operational excellence and eliminate defects in its supply chain by raising
the bar of performance expectations to meet the demand of current and future
customers. As part of the program, BAE Systems meets regularly with its
suppliers to transfer best practices to ensure that the components and
materials that compose its products meet the highest quality standards.

It is the third Gold Tier Award that IQE has won, in recognition of the
Company's cutting-edge technology and high levels of service. IQE is one of
only 30 BAE Systems' suppliers to receive this level of recognition.

Americo Lemos, Chief Executive Officer of IQE, commented:

"We are very proud to have been awarded our third Gold Supplier Award by BAE
Systems. This is a testament to the strength and durability of our partnership
and the importance of the technology that we provide. The future of innovation
will depend on compound semiconductor products, and we look forward to
continued collaboration and success with BAE Systems, focusing on
technological advancement in the aerospace and security sector."

Kiran Dubey, Vice President of Supply Chain for BAE Systems' Electronic
Systems sector, commented:

"The contributions of our top suppliers made an invaluable difference. They
enabled us to design, build, and deliver mission critical products and
solutions for our customers around the globe."

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Tim Pullen

Amy Barlow

Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822

Andy Rivett-Carnac: +44 (0) 7968 997 365

Chloe Francklin: +44 (0)78 3497 4624

Marta Parry-Jones: +44 (0) 7884742400

ABOUT IQE

http://iqep.com
(https://www.globenewswire.com/Tracker?data=yZf7NKp1JKLALUCxlBuC8wkLnLAqoe5-kjjIlkMIDci9q9W0x_02bwZV-eorSbpLXZxy4zi3xHh-O4FM8nWjeg==)

 

IQE is the leading global supplier of advanced compound semiconductor wafers
and materials solutions that enable a diverse range of applications across:

 

·    handset devices

·    global telecoms infrastructure

·    connected devices

·    3D sensing

 

As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in
this market which has high barriers to entry. IQE supplies the whole market
and is agnostic to the winners and losers at chip and OEM level. By leveraging
the Group's intellectual property portfolio including know-how and patents, it
produces epitaxy wafers of superior quality, yield and unit economics.

IQE is headquartered in Cardiff UK, with c. 685 employees across eight
manufacturing locations in the UK, US and Taiwan, and is listed on the AIM
Stock Exchange in London.

 

ABOUT BAE SYSTEMS

https://www.baesystems.com (https://www.baesystems.com)

BAE Systems, Inc. and its 34,000 people are part of a global defense,
aerospace, and security company with 89,600 employees worldwide. BAE Systems
delivers products and services for air, land, sea and space, as well as
advanced electronics, intelligence, security, and IT solutions and support
services. BAE Systems' dedication shows in everything they design, produce and
deliver- to protect those who protect us in a high-performance, innovative
culture. BAE Systems' pushes the limits of possibility to provide a critical
advantage to customers where it counts.

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