Solid State PLC - Worcestershire-based computing products manufacturer - Wins a contract with an existing unnamed customer to design a rechargeable battery. The initial commitment reflects a mobilisation fee of GBP500,000 to Steatite Ltd for the design and manufacture of prototypes and pre-production packs of a bespoke power system for the client. Solid State is Steatite's parent company.
Matthew Richards, managing director of the systems division said: "Cable free power is increasingly in demand, with many of the applications in non-standard formats. Solid State uses its industry know-how and most suitable chemistry with extensive in-house skills and resources to design-in the optimum solution in each case."
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12-month change: up 18%
By Sophie Rose; sophierose@alliancenews.com
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Solid State (SOLI)