Solid State PLC Steatite secures GBP2.2m transport sector order
January 05 2021 - 1:00AM
RNS Non-Regulatory
TIDMSOLI
Solid State PLC
05 January 2021
RNS Reach - this is a non-regulatory announcement
Solid State plc
("Solid State", the "Group" or the "Company")
Steatite secures GBP2.2m transport sector order
Solid State plc (AIM: SOLI), the AIM listed manufacturer of
computing, power and communications products, and value added
supplier of electronic and opto-electronic components, is pleased
to announce that its Manufacturing division, Steatite, has secured
a GBP2.2m contract to supply in excess of 1000 computer
systems.
The units supplied by Steatite will be part of a rugged
computing and display system for a customer in the transportation
sector. Delivery is expected over a 12-24 month period, starting
early in the financial year 2021/2022.
Matthew Richards, Steatite's Managing Director, commented:
"At our recent results announcement in early December, we
expanded on the work we were doing to broaden our exposure to
certain structural growth markets. Transportation was one of those
and therefore it is pleasing to be able to announce such a
significant contract award resulting from that focussed
effort."
For further information please contact:
Solid State plc Via Walbrook PR
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
solidstate@walbrookpr.com
Analyst Research Reports: For further analyst information and
research see the Solid State plc website:
https://solidstateplc.com/research/
Notes to Editors:
Solid State plc (SOLI) is a value added electronics group
supplying industrial and military markets with ruggedised/durable
components, assemblies and manufactured units for use in harsh
environments. The Group's mantra is - 'Trusted technology for
demanding applications'. To see an introductory video on the Group
- https://youtu.be/bp4WfLCEc5Y
Operating through two main divisions: Manufacturing (Steatite)
and Value Added Supplies (Solid State Supplies & Pacer); the
Group specialises in complex engineering challenges often requiring
design-in support and component sourcing for computing, power,
communications, electronic and optoelectronic products.
Headquartered in Redditch, Solid State employs over 200 staff
across the UK with a branch office in the USA, serving specialist
markets in oil & gas production, transportation, medical,
construction, security, military and field maintenance.
Solid State was established in 1971 and admitted to AIM in June
1996. The Group has grown organically and by acquisition - having
made 10 acquisitions since 2002.
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