Solid State PLC $3m US Rail Infrastructure Contract
September 30 2019 - 1:03AM
RNS Non-Regulatory
TIDMSOLI
Solid State PLC
30 September 2019
Solid State plc
("Solid State", the "Company" or the "Group")
$3m US Rail Infrastructure Contract
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 an
international contract win.
The contract, valued at $3m, has been won by the Group's Pacer
Optoelectronics business unit, acquired by Solid State in November
2018. The display project, a rail infrastructure programme in the
United States, will utilise Pacer's value added capabilities and is
expected to be delivered over the next nine months.
Commenting on the contract Gary Marsh, Chief Executive of Solid
State, said:
"This contract is a good example of the success of our
acquisition strategy in broadening our international and sector
reach. We have focussed on niche sectors where we can apply our
value added engineering capability and where we can sell into
increasingly international markets. The transportation sector has
been a specific target and therefore this success is particularly
pleasing."
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 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'.
Operating through two main divisions: Manufacturing (Steatite)
and Value Added Distribution (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 niche
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.
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END
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