RCS - Solid State PLC - £ Multi-million contract with BAE Systems

Solid StateAnnouncement

03/02/2022 07:00

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RNS Number : 4554A  Solid State PLC  03 February 2022

 

Reach - non regulatory announcement

 

 

Solid State plc

("Solid State", the "Group" or the "Company")

£ Multi-million contract with BAE Systems

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and
design-in manufacturer of computing, power, and communications products,
announces that following a pre-qualification stage and a competitive tender
process, BAE Systems has awarded Steatite Ltd, the manufacturing arm of Solid
State Plc, a multi-million pound contract to design, develop and qualify
computer consoles for maritime platforms. The multi-function use of the
console will need to comply with many industry and MOD specific standards.
This challenging set of requirements required an approach that offered
innovation, value and agility.

 

A BAE Systems' representative, said: "This is a critical path programme and
our expectations are high.  Steatite provided us with the assurance that they
have the technical skills, resources and commitment to deliver against
challenging timescales and meeting commercial constraints.  We are looking
forward to working with the team on the project."

 

Matthew Richards, Managing Director at Steatite, added: "We have worked with
BAE Systems for many years on maritime and land based systems. I am delighted
that our recent investments in test and security infrastructure and personnel
combined with our existing engineering expertise has been recognised by BAE
Systems.  We have hit the ground running on the project and look forward to a
long and mutually beneficial relationship with BAE Systems."

 

The project will be led from the Redditch site utilising the new EMC facility
installed in 2021 whilst drawing on technical skills from the Solid State
Group.

 

For further information please contact:

 

 Solid State plc                                           Via Walbrook

 Gary Marsh - Chief Executive

 Peter James - Group Finance Director
 Walbrook PR (Financial PR)                                020 7933 8780

 Tom Cooper / Nick Rome                                    0797 122 1972

                                                           solidstate@walbrookpr.com (mailto:solidstate@walbrookpr.com)

 

 

Analyst Research Reports: For further analyst information and research see the
Solid State plc website: https://solidstateplc.com/research/
(https://urldefense.proofpoint.com/v2/url?u=https-3A__solidstateplc.com_research_&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=05PHl3GHdShYuaCii2fBRpoqaNr9B1d97X09daeosu0&m=JmX-gQVke87P3UDBxQzNglNm9FfzH5yZtIa_SmElSS4&s=ib8r3ul2tCaEvJ39SnR1LT7nCa7gAcRQzgO-kNoyZoM&e=)

 

 

Notes to Editors:

 

Solid State plc (SOLI) is a value added electronics group supplying
commercial, industrial and military markets with durable components,
assemblies and manufactured units for use in specialist and harsh
environments.  The Group's mantra is - 'Trusted technology for demanding
applications'.  To see an introductory video on the Group
- https://bit.ly/3kzddx7 (https://bit.ly/3kzddx7)

 

Operating through two main divisions: Systems (Steatite & Active Silicon)
and Components (Solid State Supplies, Pacer, Willow Technologies & AEC);
the Group specialises in complex engineering challenges often requiring
design-in support and component sourcing for computing, power, communications,
electronic, electro-mechanical and opto-electronic products.

 

Headquartered in Redditch, UK, Solid State employs approximately 300 staff
across UK and US, serving specialist markets in industrial, defence and
security, transportation, medical and energy.

 

Solid State was established in 1971 and admitted to AIM in June 1996.  The
Group has grown organically and by acquisition - having made 12 acquisitions
since 2002.

 

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