IQE plc: Gold Tier Supplier Award from BAE Systems

RNS Number : 6642W

IQE PLC

19 April 2023

 

IQE plc

Reach

Cardiff, UK

19 April 2023

IQE wins Gold Tier Supplier Award from BAE Systems

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry , is pleased to announce it has received a Gold Tier Supplier Award from BAE Systems, the global provider of defence, aerospace and security solutions.

The Gold Tier Supplier Award recognises exceptional performance and contributions to supply chain success for BAE Systems' Electronic Systems sector in 2022. BAE Systems' Partner 2 Win program is designed to achieve operational excellence and eliminate defects in its supply chain by raising the bar of performance expectations to meet the demand of current and future customers. As part of the program, BAE Systems meets regularly with its suppliers to transfer best practices to ensure that the components and materials that compose its products meet the highest quality standards.

It is the third Gold Tier Award that IQE has won, in recognition of the Company's cutting-edge technology and high levels of service. IQE is one of only 30 BAE Systems' suppliers to receive this level of recognition.

Americo Lemos, Chief Executive Officer of IQE, commented:

"We are very proud to have been awarded our third Gold Supplier Award by BAE Systems. This is a testament to the strength and durability of our partnership and the importance of the technology that we provide. The future of innovation will depend on compound semiconductor products, and we look forward to continued collaboration and success with BAE Systems, focusing on technological advancement in the aerospace and security sector."

Kiran Dubey, Vice President of Supply Chain for BAE Systems' Electronic Systems sector, commented:

"The contributions of our top suppliers made an invaluable difference. They enabled us to design, build, and deliver mission critical products and solutions for our customers around the globe."

Contacts:

IQE plc

[phone]

Americo Lemos

Tim Pullen

Amy Barlow

Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822

Andy Rivett-Carnac: [phone]

Chloe Francklin: [phone]

Marta Parry-Jones: [phone]

ABOUT IQE

http://iqep.com

IQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:

· handset devices

· global telecoms infrastructure

· connected devices

· 3D sensing

As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in this market which has high barriers to entry. IQE supplies the whole market and is agnostic to the winners and losers at chip and OEM level. By leveraging the Group's intellectual property portfolio including know-how and patents, it produces epitaxy wafers of superior quality, yield and unit economics.

IQE is headquartered in Cardiff UK, with c. 685 employees across eight manufacturing locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in London.

ABOUT BAE SYSTEMS

https://www.baesystems.com

BAE Systems, Inc. and its 34,000 people are part of a global defense, aerospace, and security company with 89,600 employees worldwide. BAE Systems delivers products and services for air, land, sea and space, as well as advanced electronics, intelligence, security, and IT solutions and support services. BAE Systems' dedication shows in everything they design, produce and deliver- to protect those who protect us in a high-performance, innovative culture. BAE Systems' pushes the limits of possibility to provide a critical advantage to customers where it counts.

 

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