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Sondrel (Holdings) plc

18 September 2023

RNS Reach 18 September 2023

Sondrel (Holdings) plc

("Sondrel", the "Company" and together with its subsidiaries the "Group")

Senior Management Appointment

Sondrel (AIM: SND), the fabless semiconductor business providing turnkey services in the design and delivery of 'application specific integrated circuits' ("ASICs") and 'system on chips' ("SoCs") for leading global technology brands, is pleased to announce the appointment of Oliver Jones as Vice-President of Strategic Sales.

Oliver has over 20 years of Commercial and Business Development experience across the technology and engineering sectors. Most recently, Oliver was Chief Commercial Officer for an EV battery start up where he led the acquisition of new customer partnerships with some of the world's leading car brands.

Prior to that, he held various senior leadership roles for a market leading global automotive engineering firm including VP Commercial and Business Development, where he was responsible for driving the sales growth of its electrification business unit, and VP Customer Business Group where he was responsible for leading multiple large and complex key accounts across Europe and Asia with over $1bn in cumulative revenues. Oliver brings his significant experience to an established senior leadership team led by Founder and CEO Graham Curren, who are committed to further advancing the Group's growth strategy.

Graham Curren, Chief Executive Officer of Sondrel, commented:

"I'm thrilled to welcome Ollie to our senior leadership team. He brings a wealth of relevant experience which will allow him to hit the ground running in leading our sales function. We have continued to build out our senior team over the past few months as we drive the business forwards and Ollie forms another key part of that."

Oliver Jones, Vice-President of Strategic Sales, commented:

"Sondrel is an excellent business with a significant runway for growth, and I'm excited to be part of that journey. The Company already has a strong sales pipeline and I'm looking forward to using my experience to build that out further and engage Sondrel's turnkey offering with more of the world's largest technology companies."

 
 Sondrel (Holdings) plc                                Via Buchanan 
 Graham Curren, CEO                            Tel: +44 (0) 20 7466 
  Nick Stone, Interim CFO                                      5000 
 
 Cavendish Securities plc                       Tel: +44 (0)20 7220 
                                                               0500 
 Ben Jeynes / Katy Birkin / George Lawson 
  - Corporate Finance 
 Michael Johnson - Sales 
 
 Buchanan Communications                       Tel: +44 (0) 20 7466 
                                                               5000 
 Chris Lane                                 sondrel@buchanan.uk.com 
  Stephanie Whitmore 
 Jack Devoy 
 Abby Gilchrist

About Sondrel

Sondrel is a UK-based fabless semiconductor company specialising in high end, complex digital Application Specific Integrated Circuits (ASICs) and System on Chips (SOCs). It provides a full turnkey service in the design, prototyping, testing, packaging and production of ASICs and SoCs.

The Company is one of only a few companies capable of designing and supplying the higher-spec chips built on the most advanced semiconductor technologies, selling into a range of hyper growth end markets such as high-performance computing, automotive, artificial intelligence, VR/AR, video analytics, image processing, mobile networking and data centres. Sondrel designs have enabled products by leading technology brands including Apple (iPhone), Sony (PlayStation), Meta's (Oculus), Samsung, Google and Sony smartphones, JVC (prosumer camcorders), Tesla and Mercedes-Benz cars.

Sondrel is well-established, with a 20-year track record of successful delivery, supported by long standing ecosystem partnerships including Arm, TSMC and Samsung. Headquartered in the UK, Sondrel has a global presence with offices in UK, USA, China, India and Morocco.

For more information please visit: ir.sondrel.com

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September 18, 2023 02:00 ET (06:00 GMT)

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