RCS - Sondrel (Holdings) - US Sales Team Expansion

Sondrel (Holdings)Announcement

03/11/2022 07:00

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RNS Number : 1303F  Sondrel (Holdings) plc  03 November 2022

3 November 2022

Sondrel (Holdings) plc

("Sondrel", the "Company" and together with its subsidiaries the "Group")

US Sales Team Expansion

Sondrel (Holdings) plc (AIM: SND), the fabless semiconductor business
providing turnkey services in the design and delivery of 'application specific
integrated circuits' ("ASICs") and 'system on chips' ("SoCs") for leading
global technology brands, is pleased to announce the appointment of Thomas
Flynn as VP of Sales in North America.

Thomas brings significant US industry experience and extensive relationships
to the Group, having spent three decades working in the Silicon Valley
semiconductor industry, including in senior management positions. Prior to
joining Sondrel, Thomas was previously VP of Sales at several leading
companies in the Valley, most recently, VP of Sales at Oski Technologies,
where he supported significant revenue and profit growth.

The appointment of Thomas Flynn will enable the Group to build on its existing
success in the USA with customers working in several technology megatrend
sectors - consistent with the strategy set out at the Company's recent IPO on
AIM in October 2022 where Sondrel confirmed the net proceeds of the placing
would be used, amongst other things, to accelerate sales in the USA and in
other geographies.

Graham Curren, CEO of Sondrel, said:

"We are delighted to welcome Thomas to the team and believe he will be a
fantastic addition in delivering our IPO plans to rapidly scale the Company,
with US expansion playing an important part in that growth strategy. The
Group's complete turnkey service from design to shipping of ultra-complex
ASICs is exactly what customers need to remain competitive and Thomas brings
with him the perfect experience to leverage the strength of our leading
technology solutions."

Thomas Flynn, VP of Sales in North America, commented:

"Now that the USA's CHIPS act is law, American companies are actively working
on new supply chain models. A key part of this is the design of the
ultra-complex chips that high technology companies need to maintain their
leadership position with innovative products. There are only a handful of
companies able to design these on the leading-edge, 5nm and 3nm processes
required to pack in the billions of transistors per chip and several of them
face restrictions as they are based in China. Sondrel, on the other hand, is a
Western-based supplier making us perfectly suited for business in North
America and I look forward to helping further extend US sales using this
advantage."

Ends

 

 

FOR FURTHER ENQUIRIES:

 

 Sondrel (Holdings) plc                                        Via Buchanan
 Graham Curren, CEO                                            Tel: +44 (0) 20 7466 5000
 Joe Lopez, CFO

 Cenkos Securities plc                                         Tel: +44 (0)20 7397 8900
 Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
 Alex Pollen / Michael Johnson - Sales

 Buchanan Communications                                       Tel: +44 (0) 20 7466 5000
 Chris Lane                                                    sondrel@buchanan.uk.com

 Stephanie Whitmore
 Jack Devoy
 Abby Gilchrist

 

 

 

About Sondrel

Sondrel is a UK-based fabless semiconductor company specialising in high end,
complex digital Application Specific Integrated Circuits (ASICs) and System on
Chips (SOCs). It provides a full turnkey service in the design, prototyping,
testing, packaging and production of ASICs and SoCs.

 

The Company is one of only a few companies capable of designing and supplying
the higher-spec chips built on the most advanced semiconductor technologies,
selling into a range of hyper growth end markets such as high-performance
computing, automotive, artificial intelligence, VR/AR, video analytics, image
processing, mobile networking and data centres.  Sondrel designs have enabled
products by leading technology brands including Apple (iPhone), Sony
(PlayStation), Meta's (Oculus), Samsung, Google and Sony smartphones, JVC
(prosumer camcorders), Tesla and Mercedes-Benz cars.

 

Sondrel is well-established, with a 20-year track record of successful
delivery, supported by long standing ecosystem partnerships including Arm,
TSMC and Samsung.  Headquartered in the UK, Sondrel has a global presence
with offices in UK, USA, China, India and Morocco.

 

For more information please visit: www.ir.sondrel.com
(http://www.ir.sondrel.com) .

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