REG-IQE plc : IQE's Infrared business unit wins $3.7M contract <Origin Href="QuoteRef">IQE.L</Origin>

IqeAnnouncement

26/01/2016 07:00

Cardiff, UK. 26 January 2016: IQE plc (AIM: IQE, "IQE" or the "Group"), the
leading manufacturer of advanced semiconductor wafer products to the global
semiconductor industry, announces that it has received a new purchase order
agreement for indium phosphide (InP) materials to the value of $3.7m from a
leading global substrate manufacturer. 
 
 High Purity InP, produced by IQE's Infrared business unit based in Milton
Keynes, UK, is the source material for the manufacture of InP wafers used in
the production of high-performance photonic components for a wide range of
applications in infrared sensing and telecommunications with a particular
trend towards high definition imaging applications enabled by InP materials. 
 
 Demand for photonics products is continuing to grow as new and emerging
technologies increasingly rely on the properties of light for a growing range
of technological applications. InP is the material of choice due to its
advantageous photonic properties particularly in the short wavelength infrared
(SWIR) range, complementing IQE's industry leading position in indium
antimonide (InSb) and gallium antimonide (GaSb) substrate materials which form
the key enabling technology base for multiple imaging technologies found in
defence, security, medical and industrial applications. 
 
 IQE Infrared is uniquely positioned to offer an unrivalled range of IR
materials, from substrates to epiwafers, with a completely secure, dual
sourced supply of InP, InSb and GaSb to the semiconductor industry, with IQE's
US (Galaxy) and UK (Wafer Technology) operations collectively meeting the
requirements of its customers. 
 
 Dr. Mark Furlong, VP of IQE's Infrared Business Unit commented: 
 
 "We are very pleased to receive this order from an existing long term
customer of our InP products and the scale of this commitment reflects our
status in the semiconductor industry for the supply of a diverse range of
semiconductor materials in addition to substrates and epiwafers. 
 
 "We continue to see growing demand for products with optoelectronic
properties and it also confirms our position as a technology leader for
advanced semiconductor products for photonics applications." 
 
 Contacts : 
 
 IQE plc +44 (0) 29 2083 9400 
 Drew Nelson 
 Phil Rasmussen 
 Chris Meadows 
 
 IQE Infrared +44 (0) 19 0821 0444 
 Mark Furlong (technical/sales) 
 
 Canaccord Genuity (Nomad and Joint Broker) + 44 (0) 20 7523 8000 
 Simon Bridges 
 Cameron Duncan 
 
 Peel Hunt (Joint Broker) +44 (0) 20 7418 8900 
 Richard Kauffer 
 Euan Brown 
 
 Capital Access Group +44 (0) 20 3763 3400 
 Simon Courtenay 
 Harry Rippon 
 
 NOTE TO EDITORS 
 
   
 
 ABOUT IQE 
 
 www.iqep.com 
 
 IQE is the leading global supplier of advanced semiconductor wafers with
products that cover a diverse range of applications, supported by an
innovative outsourced foundry services portfolio that allows the Group to
provide a 'one stop shop' for the wafer needs of the world's leading
semiconductor manufacturers. 
 
 IQE uses advanced crystal growth technology (epitaxy) to manufacture and
supply bespoke semiconductor wafers ('epiwafers') to the major chip
manufacturing companies, who then use these wafers to make the chips which
form the key components of virtually all high technology systems. IQE is
unique in being able to supply wafers using all of the leading crystal growth
technology platforms. 
 
 IQE's products are found in many leading-edge consumer, communication,
computing and industrial applications, including a complete range of wafer
products for the wireless industry, such as mobile handsets and wireless
infrastructure, Wi-Fi, WiMAX, base stations, GPS, and satellite
communications; and optical communications. 
 
 The Group also manufactures advanced optoelectronic and photonic components
such as semiconductor lasers, vertical cavity surface emitting lasers (VCSELs)
and optical sensors for a wide range of applications including optical fibre
communications, optical storage (CD, DVD, BluRay), thermal imaging,
leading-edge medical products, pico-projection, finger navigation ultra-high
brightness LEDs, and high efficiency concentrated photovoltaic (CPV) solar
cells. 
 
 The manufacturers of these chips are increasingly seeking to outsource wafer
production to specialist foundries such as IQE in order to reduce overall
wafer costs and accelerate time to market. 
 
 IQE also provides bespoke R&D services to deliver customised materials for
specific applications and offers specialist technical staff to manufacture to
specification either at its own facilities or on the customer's own sites. The
Group is also able to leverage its global purchasing volumes to reduce the
cost of raw materials. In this way, IQE's outsourced services, provide
compelling benefits in terms of flexibility and predictability of cost,
thereby significantly reducing operating risk. 
 
 IQE operates a number of manufacturing and R&D facilities across Europe, Asia
and the USA. The Group also delivers its products and services through
regional sales offices located in major economic centres worldwide 
 
   
 

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the content, accuracy and originality of the information contained therein. 
 Source: IQE plc via Globenewswire 
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