Solid State PLC New Power Solutions distribution franchise won
16 Avril 2018 - 8:30AM
RNS Non-Regulatory
TIDMSOLI
Solid State PLC
16 April 2018
Solid State plc
("Solid State", the "Group" or the "Company")
New Power Solutions distribution franchise won
Solid State plc (AIM: SOLI), the AIM listed manufacturer of
computing, power and communications products, and value added
distributor of electronic components, is pleased to announce a
distribution franchise for VPT, a leading global provider of power
conversion solutions for the rapid deployment of critical power
systems in avionics, military and space applications.
Solid State Supplies has been chosen by VPT due to its extensive
military and aerospace knowledge, its certification to AS9120, its
existing industry client base and value added distribution
capabilities. The franchise is for exclusive rights to UK and
Ireland and includes the transfer of the existing client base.
VPT has been selling into the UK market for 18 years to a loyal
client base. Its products do not overlap with the current Solid
State Supplies range giving the opportunity to develop and expand
the client's reach and product representation into relevant
markets.
John Macmichael, Managing Director of Solid State Supplies,
commented:
"The VPT product range complements the existing Solid State
power operations. They are an innovative, high quality supplier
where we are confident that our approach will increase sales beyond
the current run rate and broaden the customer base."
For further information please contact:
Solid State plc 01527 830 630
Gary Marsh - Chief Executive investor.information@solidstateplc.com
Peter James - Group Finance
Director
WH Ireland (Nominated Adviser
& Joint Broker) 0117 945 3470
Mike Coe / Ed Allsopp (Corporate
Finance)
Jasper Berry / David Kilbourn
(Corporate Broking / Sales)
finnCap (Joint Broker)
Ed Frisby / Kate Bannatyne
(Corporate Finance)
Emily Morris / Rhys Williams
(Corporate Broking / Sales) 020 7220 0500
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Paul Vann 0797 122 1972
tom.cooper@walbrookpr.com
Notes to Editors:
Solid State plc (SOLI) is a leading value added group of
companies providing specialist design-in and manufacturing services
to those acquiring computing, power and communications products and
electronic component services 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 component supplier to OEMs and bespoke manufacturer
of specialist units to clients with complex requirements.
Headquartered in Redditch, Solid State employs over 200 staff
across five 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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