AGM Statement

RNS Number : 0678L

Solid State PLC

07 August 2013

 



7 August 2013

Solid State plc

("Solid State" or the "Company")

AGM Statement

Solid State plc (AIM: SSP), the AIM listed supplier of specialist industrial/ruggedised computers, electronic components, antennas, microwave systems and battery power solutions to the electronics market, is pleased to announce that at today's Annual General Meeting (AGM) to be held at 12:00 noon at the offices of Solid State plc, 2 Ravensbank Business Park, Hedera Road, Redditch, Worcestershire B98 9EY, the Chairman, Gordon Comben, will make the following statement: 

"Solid State has made a reasonable start to the current financial year.  Order intake remains strong and margins are holding well.  We expect to see a repeat of the traditional second half weighting to our revenue, reflecting the buying patterns of our clients and their budgetary cycles. 

"The acquisition of Q-par in May of this year has proven to be a successful one.  The integration has been smooth and we are pleased to announce that trading at Q-par in this financial year is comfortably ahead of the comparative period in 2012.  New client discussions are buoyant, most notably with export opportunities in the transportation sector at an advanced stage.

"The Board believes that Solid State is demonstrating its resilience in markets that continue to reflect a cautious approach to capital expenditure.  The niches that we service remain in demand with sentiment improving."

For further information please contact:

Solid State plc	01527 830 630
Gary Marsh - Chief Executive	[e-mail]
WH Ireland (Nominated Adviser)	0117 945 3470
Mike Coe
Winningtons (Financial PR)	020 3176 4722
Tom Cooper/Paul Vann	0797 122 1972
	[e-mail]

Notes to Editors:

Solid State plc (SSP) is a leading value added group of companies providing specialist design-in and manufacturing services to those acquiring industrial/rugged computing products, battery power solutions, antennas, microwave systems and electronic components 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 distributor to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

Headquartered in Redditch, Solid State employs over 140 staff across three 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.

 

END

 

 

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