Solid State PLC $3.2m power contract to defence & aerospace co
September 12 2018 - 2:01AM
RNS Non-Regulatory
TIDMSOLI
Solid State PLC
12 September 2018
Solid State plc
("Solid State", the "Group" or the "Company")
$3.2m long term supply agreement with UK's leading International
Defence,
Aerospace and Security company
Solid State plc (AIM: SOLI), the AIM listed manufacturer of
computing, power and communications products, and value added
distributor of electronic components, is pleased to announce that
its distribution division, Solid State Supplies Ltd, has been
awarded a $3.2 million long term supply agreement with the UK's
leading international defence, aerospace and security company. The
award follows the recent announcement of a distribution franchise
for VPT, a leading global provider of power conversion solutions
for the rapid deployment of critical power systems in avionics,
military and space applications.
The award is for the supply of military grade power supplies
over a period of 3 years with deliveries expected to commence in
the latter part of the current calendar year.
Commenting on the contract, John Macmichael, Managing Director
of Solid State Supplies Ltd, said:
"We were very pleased to win the VPT franchise earlier this year
believing that we could further develop its potential in the niche
military and aerospace markets.
"This contract with this significant defence, aerospace and
security company demonstrates our ability to increase sales for
manufacturers wanting to target specialist end user markets."
For further information please contact:
Solid State plc 01527 830 630
Gary Marsh - Chief Executive investor.information@solidstateplc.com
Peter James - Group Finance Director
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Paul Vann 0797 122 1972
tom.cooper@walbrookpr.com
Notes to Editors:
Solid State plc (SOLI) is a leading value added group of
companies providing specialist design-in and manufacturing services
to those acquiring computing, power and communications products and
electronic component services for use in harsh environments.
Serving niche markets in oil & gas production, medical,
construction, security, military and field maintenance, Solid State
acts as both a component supplier to OEMs and bespoke manufacturer
of specialist units to clients with complex requirements.
Headquartered in Redditch, Solid State employs over 200 staff
across four locations. Solid State operates through two main
divisions: Solid State Supplies and Steatite.
Solid State was established in 1971 and admitted to AIM in June
1996.
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END
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