Solid State PLC GBP Multi-million contract with BAE Systems
February 03 2022 - 1:59AM
RNS Non-Regulatory
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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February 03, 2022 01:59 ET (06:59 GMT)
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