IQE plc : $1.1m Contract Win for Infrared Division

IQE plc

Cardiff, UK. 30 October 2014: IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced semiconductor wafer products and services, has agreed a long term supply contract for its world leading infrared materials with a leading global semiconductor manufacturer. 

The new order, which is worth approximately  $1.1m over the next twelve months, represents the largest single purchase order for indium antimonide (InSb) products manufactured by IQE Infrared's UK substrate manufacturing business unit.

Further details of the specific customer, product and application cannot be disclosed at this time due to confidentiality designed to protect the customer's IP and retain its competitive advantage. However, InSb is the material of choice for a wide range of sensing devices employed in a growing number of consumer, defence, security, medical and industrial applications.

IQE Infrared is uniquely positioned as a global market leader in the supplier of InSb materials to the semiconductor industry, with IQE's US (Galaxy) and UK (Wafer Technology) operations offering the World's largest antimonide wafer production capacity in the industry, using multiple production tools (crystal growth pullers) providing customers with a completely secure, dual sourced supply of InSb wafers.

Dr Drew Nelson, CEO of IQE plc, commented:

"This is a significant new order for our world leading InSb products from a significant industry player with whom we have enjoyed a long relationship. The scale of the commitment is a result of IQE Infrared's industry reputation for offering a high quality, volume manufacturing capability for InSb materials. 

Our investment in state-of-the-art crystal growth, wafer production and polishing capabilities enables us to fully meet the growing antimonide product demands of our customers, both in terms of volume and quality, across a full 2"-6" product range."

Contacts:

IQE plc: [phone]

Drew Nelson

Phil Rasmussen

Chris Meadows

IQE Infrared: [phone]

Mark Furlong

Canaccord Genuity: [phone]

Simon Bridges

Cameron Duncan

[e-mail]

ABOUT IQE

IQE (www.iqep.com) is the leading global supplier of advanced semiconductor wafers with products that cover a diverse range of applications, supported by an innovative outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers.

IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply bespoke semiconductor epi wafers to the major chip manufacturing companies, who then use these wafers to make the chips which form the key components of virtually all high technology systems. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms.

IQE's products are found in many leading-edge consumer, communication, computing and industrial applications, including a complete range of wafer products for the wireless industry, such as mobile handsets and wireless infrastructure, Wi-Fi, WiMAX, base stations, GPS, and satellite communications; optical communications, optical storage, gesture recognition, thermal imagers, leading-edge medical products, LED lighting, a variety of advanced silicon based systems and high efficiency concentrator photovoltaic (CPV) solar cells.

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Source: IQE plc via Globenewswire

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