REG - IQE PLC - IQE plc: IQE secures Infrared customer commitments

IqeAnnouncement

24/03/2025 07:00

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RNS Number : 7382B  IQE PLC  24 March 2025

IQE plc

 

 

Cardiff, UK

24 March 2025

 

IQE secures $5.8m Infrared customer commitments

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading global supplier of
compound semiconductor wafer products and advanced material solutions, is
pleased to announce that it has secured $5.8m in purchase orders for the
provision of epitaxial wafers and base substrates from two long-standing
Infrared ("IR") sensing customers.

The orders will enable a wide range of IR detector technologies and key
sensing applications across the industrial, aerospace and security sectors.
These commitments are the largest purchase orders to date that IQE has
received from these two customers and underscore strong growth within the IR
sensing market. They include:

·    A three-year long-term agreement which includes a first-year binding
purchase order commitment of $1.7m for gallium antimonide (GaSb) epitaxial
wafers, and research and development.

·    A $4.1m purchase order from an existing customer for the delivery of
antimonide substrates into 2026.

These new commitments underpin confidence in management's 2025 financial
plans.

Jutta Meier, Interim CEO and Chief Financial Officer of IQE, commented:

"These commitments underscore a growing demand for advanced infrared
technologies and the strength of IQE's IR product portfolio. As a pioneer in
antimonide materials technology, IQE continues to drive innovation supported
by long-term customer relationships, developing high-performance platforms
that are expanding into mass market applications."

 

 

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Mark Cubitt

Jutta Meier

Amy Barlow

 

Peel Hunt (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Ben Cryer

Kate Bannatyne

Adam Telling

 

Deutsche Numis (Joint Broker)

+44 (0) 20 7260 1000

Simon Willis

Hugo Rubinstein

Iqra Amin

 

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

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

Chloe Francklin: +44 (0)78 3497 4624

 

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:

 

·    Smart Connected Devices

·    Communications Infrastructure

·    Automotive and Industrial

·    Aerospace and Security

 

As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in
this market which has high barriers to entry. IQE supplies the global market
and is enabling customers to innovate 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 employees across manufacturing
locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in
London.

 

 

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