IQE Regulatory News (IQE)

16 Jan 2008 11:15

IQE PLC16 January 2008 16 January 2008 IQE plc Appointment of Joint Broker The Directors of IQE plc (the "Company" or "IQE") are pleased to announce withimmediate effect the appointment of Panmure Gordon (UK) Limited as joint brokerto the Company alongside Noble & Company Limited, who remain as nominatedadviser (NOMAD) and joint brokers. Dr Drew Nelson, President and Chief Executive of IQE, commented: "We are delighted to appoint Panmure Gordon as joint broker. We look forward tobenefiting from the experience and expertise in the UK and US institutionalmarkets of Panmure Gordon and their US business ThinkPanmure, and to increasedexposure for IQE on both sides of the Atlantic." For further information, please contact: IQE plc +44 (0)29 2083 9400Dr Drew Nelson, CEOPhil Rasmussen, CFO Panmure Gordon (UK) Limited +44 (0)20 7459 3600Aubrey PowellAndrew Collins Noble & Company Limited +44 (0)20 7763 2200John Llewellyn-LloydSam Reynolds College Hill Associates + 44 (0) 207 457 2020Adrian DuffieldBen Way About IQE plc IQE is the leading global supplier of advanced semiconductor wafers withproducts that cover a diverse range of applications, supported by an innovativeoutsourced foundry services portfolio that allows the Group to provide a 'onestop shop' for the wafer needs of the world's leading semiconductormanufacturers. IQE uses advanced crystal growth technology (epitaxy) to manufacture and supplybespoke semiconductor wafers ('epi-wafers') to the major chip manufacturingcompanies, who then use these wafers to make the chips which form the keycomponents of virtually all high technology systems. IQE is unique in being ableto supply wafers using all of the leading crystal growth technology platforms. IQE's products are found in many leading-edge consumer, communication, computingand industrial applications, including a complete range of wafer products forthe wireless industry, such as mobile handsets and wireless infrastructure,Wi-Fi, WiMAX, base stations, GPS, and satellite communications; opticalcommunications, optical storage (CD, DVD), laser optical mouse, laser printers &photocopiers, thermal imagers, leading-edge medical products, barcode, highefficiency LEDs and a variety of advanced silicon based systems. The manufacturers of these chips are increasingly seeking to outsource waferproduction to specialist foundries such as IQE in order to reduce overall wafercosts and accelerate time to market. IQE also provides bespoke R&D services to deliver customized materials forspecific applications and offers specialist technical staff to manufacture tospecification either at its own facilities or on the customer's own sites. TheGroup is also able to leverage its global purchasing volumes to reduce the costof raw materials. In this way IQE's outsourced services, provide compellingbenefits in terms of flexibility and predictability of cost, therebysignificantly reducing operating risk. IQE operates six manufacturing facilities located in Cardiff (two) and MiltonKeynes in the UK; in Bethlehem, Pennsylvania and Somerset, New Jersey in theUSA; and Singapore. The Group also has 11 sales offices located in majoreconomic centres worldwide. ### This information is provided by RNS The company news service from the London Stock Exchange