TIDMSOLI

Solid State PLC

03 February 2022

Reach - non regulatory announcement

Solid State plc

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

GBP Multi-million contract with BAE Systems

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces that following a pre-qualification stage and a competitive tender process, BAE Systems has awarded Steatite Ltd, the manufacturing arm of Solid State Plc, a multi-million pound contract to design, develop and qualify computer consoles for maritime platforms. The multi-function use of the console will need to comply with many industry and MOD specific standards. This challenging set of requirements required an approach that offered innovation, value and agility.

A BAE Systems' representative, said: "This is a critical path programme and our expectations are high. Steatite provided us with the assurance that they have the technical skills, resources and commitment to deliver against challenging timescales and meeting commercial constraints. We are looking forward to working with the team on the project."

Matthew Richards, Managing Director at Steatite, added: "We have worked with BAE Systems for many years on maritime and land based systems. I am delighted that our recent investments in test and security infrastructure and personnel combined with our existing engineering expertise has been recognised by BAE Systems. We have hit the ground running on the project and look forward to a long and mutually beneficial relationship with BAE Systems."

The project will be led from the Redditch site utilising the new EMC facility installed in 2021 whilst drawing on technical skills from the Solid State Group.

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

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 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

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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(END) Dow Jones Newswires

February 03, 2022 01:59 ET (06:59 GMT)

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