RCS - Solid State PLC - Solid State Awarded Power Design Appointment

Solid StateAnnouncement

17/05/2022 07:00

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RNS Number : 6467L  Solid State PLC  17 May 2022

 

RNS Reach - non regulatory announcement

 

 

Solid State plc

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

Solid State awarded power design appointment

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and
design-in manufacturer of computing, power, and communications products,
announces an important design and development contract from an existing
customer. The initial commitment reflects a mobilisation fee of £0.5m awarded
to Steatite's Power Business Unit for the design and manufacture of prototypes
and pre-production packs of a bespoke power system for the client's autonomous
application.

 

The Appointment is to design-in an innovative rechargeable battery for the
next generation solution with production volumes expected to follow subject to
customer acceptance / commissioning.

 

Matthew Richards, Managing Director of the Systems division, said:

 

"We are delighted with this Design-in Appointment. We have been working with
the customer for several years, keeping pace with their own radical innovation
as they strive for ever more efficient solutions.  Our own capital investment
in latest battery bonding technology combined with additional engineering
resource have come together to allow the team to present a de-risked solution
that meets the customer's immediate requirement with a roadmap for continuous
enhancement that will drive down the total cost of ownership.  We are looking
forward to a strong engineering collaboration with the customer leading to the
potential for volume production of the battery.

 

"Cable free power is increasingly in demand, with many of the applications in
non-standard formats.  Solid State uses its industry know-how and most
suitable chemistry with extensive in-house skills and resources to design-in
the optimum solution in each case. Safety, performance, quality, and
reliability are critical. Our sustainably engineered solutions maximise the
performance and cycle life, delivering commercially differentiated products,
built to last."

 

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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