REG-IQE plc : Statement from Cardiff Joint Venture Partner <Origin Href="QuoteRef">IQE.L</Origin>

IqeAnnouncement

12/02/2018 07:05

  
12 February 2018
   
IQE plc
("IQE" or the "Company")
   
Statement from Cardiff Joint Venture Partner 
   
Further to the announcements made on 5 February 2018 and 8 February 2018, IQE notes the following statement provided by its Cardiff joint venture ("CSC") partner:
  
"Cardiff University has invested equity of 21.8M in the Compound Semiconductor Centre. IQE contributed their share in hardware, infrastructure and licensing intellectual property, all independently valued. The University entered into the Joint Venture as a strategic investment to ensure our world leading research has a well-founded route to commercialisation. Several project wins have been announced within the last year. Co-owned and controlled by Cardiff University and IQE, CSC applies corporate standards of governance including an independent chair, regular joint board meetings, annual reports and published accounts. The University is represented on the CSC board by appropriately qualified directors."
   
Contacts:
                     
 IQE plc 
Drew Nelson 
Phil Rasmussen 
Chris Meadows

     
 +44 (0) 29 2083 9400 
 Canaccord Genuity
Simon Bridges
Henry Fitzgerald-O'Connor
Richard Andrews

     
 + 44 (0) 20 7523 8000 
 Peel Hunt 
Edward Knight
 Nick Prowting

   
 +44 (0) 20 7418 8900 
 FTI Consulting
Matt Dixon
Rob Mindell
Harry Staight

     
 +44 (0) 20 3727 1000

  
   


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Source: IQE plc via Globenewswire