Solid State PLC AGM Statement (0030L)
08 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMSOLI
RNS Number : 0030L
Solid State PLC
08 September 2021
Solid State plc
( "Solid State", the " Group " or the "Company" )
AGM Statement
The Chairman of Solid State plc (AIM: SOLI), the specialist
value added component supplier and design-in manufacturer of
computing, power, and communications products, will read out the
following statement at the Annual General Meeting to be held at
9.30am today:
"The Board is pleased to report a continuation of the positive
start to the year, as announced in July within our 2021 Annual
Results. The order book is strong with an encouraging balance
across industry sectors and regions, including a rebound in some
sectors previously affected by COVID delays.
"The acquisitions of Willow Technologies and Active Silicon have
quickly proven their value, resulting in new business which could
not have been secured by either party alone. Solid State remains
acquisitive for complementary technologies and international
opportunities that would advance the Group's ambition of broadening
its product and market exposure.
"The Group continues to invest in developing its product
offering for targeted strategic growth markets and ensuring Group
resilience through sector and product diversity.
"The Board remains alert to the challenges presented by global
supply chain and COVID risks. The Group balance sheet strength and
the experience of the management team have contributed to a
mitigation strategy which has assisted greatly in navigating many
of the hazards.
"The Board remains optimistic about the Group's prospects and
will provide a trading update for the first six months of the
financial year in October 2021."
For further information please contact:
Solid State plc Via Walbrook
Gary Marsh - Chief Executive
Peter James - Group Finance Director
WH Ireland (Nominated Adviser & Joint
Broker)
Mike Coe / Sarah Mather (Corporate
Finance)
Jasper Berry (Corporate Broking /
Sales) 020 7220 1666
finnCap (Joint Broker)
Ed Frisby (Corporate Finance)
Rhys Williams / Tim Redfern (Sales
/ ECM) 020 7220 0500
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: Manufacturing (Steatite
& Active Silicon) and Value Added Supplies (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 energy
production, transportation, medical, construction, security,
military and field maintenance.
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
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September 08, 2021 02:00 ET (06:00 GMT)
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