IQE Regulatory News (IQE)

IQE plc

RNS Reach

Cardiff, UK

6 May 2020

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading manufacturer of advanced semiconductor wafer products for the global semiconductor industry, is pleased to announce it has won a Gold Tier Award for exceptional performance and contributions to supply chain success in 2019 for BAE Systems' Electronic Systems sector.

BAE Systems provides some of the world's most advanced, technology-led defence, aerospace, and security solutions. Its Electronic Systems sector spans the commercial and defence electronics markets. IQE was selected out of more than 2,200 suppliers that worked with the sector in 2019.

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 programme, BAE Systems meets regularly with its suppliers at their locations to transfer best practices to ensure that the components and materials that compose BAE Systems products meet the highest quality standards.

Kim Cadorette, Vice President of Operations for BAE Systems' Electronic Systems sector, commented:

"We are proud to partner with companies - including IQE - committed to delivering the highest quality products on-time, every time. We look forward to continued collaboration and success."

Alan Fuller, IQE Director of Business Development, commented:

"IQE's epi-wafers provide the backbone for a myriad of electronics systems worldwide. We are honoured by this recognition of our overall performance in supporting BAE Systems. To receive this award for a second consecutive year is indicative of the very strong relationship we have with BAE Systems, of which we are very proud."

Contacts:

IQE plc

+44 (0) 29 2083 9400

Drew Nelson

Tim Pullen

Amy Barlow

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

Andy Rivett-Carnac: +44 (0) 7968 997 365

Tom James: +44 (0)78 1859 4991 

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. 650 employees across nine manufacturing locations in the UK, US, Taiwan and Singapore, and is listed on the AIM Stock Exchange in London.