The Board of Solid State plc (AIM: SSP), the AIM listed supplier of industrial/ruggedised computers, specialist electronic components and battery power solutions to the electronics market, is pleased to announce that the Company has secured an export order for in-vehicle rugged computers worth in excess of £3.5m from a global provider of communication solutions.
The contract was won after extensive consultation with the client on the required product specification and reflects Solid State’s strength in design-in, supply and support of bespoke applications. The existing contract is for installation at two locations. There is the potential of further orders for other locations in due course.
The volume of the product to be supplied means that the order will be delivered at lower than normal average group margin, however it will be fulfilled before 30 September 2012 and will therefore fall within the first half of the financial year.
John Lavery, Managing Director of Steatite commented on the success in an interview, listen to it here.
Solid State plc (SSP) is a leading value added group of companies providing specialist distribution, design-in and manufacturing services to those acquiring industrial/rugged computing products, battery power solutions and electronic components 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 distributor to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.
Headquartered in Paddock Wood in Kent, Solid State employs over 100 staff across four sites. 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.
For further information please contact:
Solid State PLC
Gary Marsh – Chief Executive investor.information@solidstateplc.com
Winningtons (Financial PR)
Tom Cooper tom.cooper@winningtons.co.uk
