TIDMIQE
IQE plc
Cardiff, UK
22 June 2022
IQE announces multi-year strategic supply agreement with
Lumentum
-- Multi-year, high-volume supply agreement
-- Development and production of broad, industry-leading photonics products
IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier
of compound semiconductor wafer products and advanced material
solutions to the global semiconductor industry, is pleased to
announce the signing of a multi-year agreement with Lumentum for
the supply of epiwafers supporting 3D Sensing, LiDAR for
automotive, and optical networking applications.
Lumentum Holdings Inc., (NASDAQ: LITE, "Lumentum") a
market-leading photonics solutions provider, has been a long-term
partner of IQE. Effective immediately, the multi-year agreement is
focused on high volume production of epiwafers which will be used
across Lumentum's portfolio of innovative laser products, in
particular to enable LiDAR for autonomous vehicles, where IQE will
be the epitaxy partner of choice for this technology. The strong
partnership between IQE and Lumentum will also enable leadership
across a wider range of cutting-edge technologies such as biometric
security, data communications, and extended reality. There is also
further provision for multi-year joint research and development
initiatives.
Americo Lemos, Chief Executive Officer of IQE, commented:
"Our partnership with Lumentum is in alignment with our strategy
to strengthen our customer relationships and to enter into
long-term agreements securing wafer supply. Lumentum and IQE are
industry leaders in the 3D Sensing space, and this partnership is
underpinned by IQE's unrivalled technology portfolio. We look
forward to our continued collaboration and expansion of our
business relationship into new market segments."
Alan Lowe, Chief Executive Officer of Lumentum, added:
"I am pleased to extend our fruitful partnership with IQE into
the future. They supported our ramp to high volumes in the consumer
space, where we have shipped more than 1 billion large scale VCSEL
arrays. As we start to ramp high volumes of differentiated
solutions into even more demanding applications in the coming years
in the automotive, extended reality, and industrial spaces, I'm
sure our partnership will continue to flourish."
Contacts:
IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Tim Pullen
Amy Barlow
Peel Hunt LLP (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Edward Knight
Paul Gillam
James Smith
Citigroup Global Markets Limited (Joint Broker)
+44 (0) 20 7986 4000
Christopher Wren
Peter Catterall
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
Antonia Pollock: +44 (0) 7789 954 356
embedded PR (Non-Financial PR)
Europe: Anja-Maria Hastenrath
Phone: +49 89 / 64913634-1
E-mail: ah@embedded-pr.de
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United States: Cynthia Hoye
Phone: +1 408-858-2602
E-mail: ch@embedded-pr.com
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ABOUT IQE
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http://iqep.com
IQE is the leading global supplier of advanced compound
semiconductor wafers and materials solutions that enable a diverse
range of applications across:
-- handset devices
-- global telecoms infrastructure
-- connected devices
-- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely
positioned in this market which has high barriers to entry. IQE
supplies the whole market and is agnostic to the winners and losers
at chip and OEM level. By leveraging the Group's intellectual
property portfolio including know-how and patents, it produces
epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with c. 685 employees across
nine manufacturing locations in the UK, US, Taiwan and Singapore,
and is listed on the AIM Stock Exchange in London.
ABOUT LUMENTUM
Lumentum (NASDAQ: LITE) is a market-leading designer and
manufacturer of innovative optical and photonic products enabling
optical networking and laser applications worldwide. Lumentum
optical components and subsystems are part of virtually every type
of telecom, enterprise, and data center network. Lumentum lasers
enable advanced manufacturing techniques and diverse applications
including next-generation 3D sensing capabilities. Lumentum is
headquartered in San Jose, California with R&D, manufacturing,
and sales offices worldwide. For more information, visit
www.lumentum.com and follow Lumentum on LinkedIn
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Contact Information:
Investors: Kathy Ta, 408-750-3853;
investor.relations@lumentum.com
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(END) Dow Jones Newswires
June 22, 2022 02:00 ET (06:00 GMT)
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