TIDMSOLI

Solid State PLC

12 September 2023

Reach - non regulatory announcement

Solid State plc

( "Solid State", the " Group " or the "Company" )

Sa ab selects Steatite for Naval Antenna Assembly

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, is pleased to announce that it has entered into a multi-million pound agreement to work with Saab AB Surveillance, headquartered in Sweden, on a naval ELINT antenna system through its Systems division, Steatite.

Saab and Steatite have signed a framework agreement across Steatite's five business units to design, test and deliver high-quality RF and wireless communication equipment from its broad portfolio. The company will supply elements from its world-leading antenna design and manufacturing facilitity in Leominster, UK, amongst other components.

Commenting on the agreement, Matthew Richards, MD of Steatite, said: "We're very pleased to have entered into this agreement with Saab. It's a strong testament to the extensive capabilities we have now that the Solid State group has grown organically and through acquisition over the last few years. We look forward to working with such an innovative and reputable solutions provider."

Magnus Bäckström, Vice President and head of Saab's business unit Electronic Warfare and Aircraft Systems, added: "This agreement is an important part of our delivery to our customers. Close and respectful cooperation is crucial in complex development processes. We look forward to continuing our cooperation with Steatite."

For further information please contact:

 
 Solid State plc                         Via Walbrook 
  Gary Marsh - Chief Executive 
  Peter James - Group Finance Director 
 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 defence markets with durable components, assemblies, manufactured units and power units for use in specialist and harsh environments. The Group's mantra is - 'Trusted technology for demanding environments'. To see an introductory video on the Group - https://bit.ly/3kzddx7

Operating through two main divisions: Systems (Steatite, Active Silicon & Custom Power) and Components (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 400 staff across the UK and US, serving specialist markets with high barriers to entry in industrial, defence and security, transportation, medical and energy.

Solid State was established in 1971 and admitted to AIM in June 1996. The Group has grown organically and by acquisition having made three acquisitions in the last three years.

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September 12, 2023 02:00 ET (06:00 GMT)

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