Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSolid State Regulatory News (SOLI)

Share Price Information for Solid State (SOLI)

Share Price is delayed by 15 minutes
Get Live Data
200.00    0.00 (0.00%)
Bid:
195.00
Ask:
205.00
Spread: 10.00 (5.128%)
Market Cap: £113.46m
SOLI Live PriceLast checked at - London Stock Exchange

Intraday Solid State Share Chart

Components - innovative pollination contract

4 May 2022 07:00

RNS Number : 0940K
Solid State PLC
04 May 2022
 

RNS Reach - non regulatory announcement 

 

Solid State plc

("Solid State", the "Group" or the "Company")

Solid State buzzing on innovative

pollination challenge

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces a contract won by its Components division for the supply of hardware to be used in Bee Hive monitoring to a US based client to improve bee health and crop pollination with a project value of approximately £2.4m.

 

The client, a USA-based precision pollination service, uses cutting-edge technology that ensures the pollination process lives up to farm standard quality every season. By monitoring hives, it produces stronger, healthier and more productive colonies, while lowering operational costs.

 

Sensors (which took three years to perfect) are placed in the middle of the hive, a range of data across various parameters is collected, and cutting-edge communications hardware sends this data to the cloud. In this way, the client can detect concerning changes in hive behaviour which may indicate ill health or stress, or a change in hive conditions which threatens the bees' wellbeing. The beekeepers are alerted and can rapidly address the issues, helping to reduce the mortality rate.

 

The client has the capacity to rapidly scale up. Its aim is to go from its current 48,000 hives, the equivalent of 1.5 billion bees, to 300,000 hives during the next eight months. The smart hives have proven to be extremely successful, increasing yields for 70% of major crops by an average of up to 30%.

 

CEO and Co-Founder of the client said:

 

"The radio modules successfully supplied by Solid State Supplies have made a significant impact to our business. Without them, the lack of crop pollination could have put the business back 12 months, while missing a season would have meant the loss of crucial data, hindering our ambition of going from fourth largest pollinator in the U.S. to the largest."

 

Matt Cook, Product Marketing Manager at Solid State Supplies, added:

 

"It was an unprecedented situation. We knew that it would be a challenge to not just source the modules, but also deliver them in time; however, we were adamant that it was possible, and we proved that we could do what our rivals couldn't.

 

"It has been a priority at Solid State to develop close, robust supplier relationships, to ensure we can source sufficient product for our customers."

 

For further information please contact:

 

Solid State plc

Gary Marsh - Chief Executive

Peter James - Group Finance Director

Via Walbrook

Walbrook PR (Financial PR)

Tom Cooper / Nick Rome

020 7933 8780

0797 122 1972

solidstate@walbrookpr.com

 

 

Analyst Research Reports: For further analyst information and research see the Solid State plc website: https://solidstateplc.com/research/

 

 

Notes to Editors:

 

Solid State plc (SOLI) is a value added electronics group supplying commercial, industrial and military markets with durable components, assemblies and manufactured units for use in specialist and harsh environments. The Group's mantra is - 'Trusted technology for demanding applications'. To see an introductory video on the Group - https://bit.ly/3kzddx7 

 

Operating through two main divisions: Systems (Steatite & Active Silicon) and Components (Solid State Supplies, Pacer, Willow Technologies & AEC); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic, electro-mechanical and opto-electronic products.

 

Headquartered in Redditch, UK, Solid State employs approximately 300 staff across UK and US, serving specialist markets in industrial, defence and security, transportation, medical and energy. 

 

Solid State was established in 1971 and admitted to AIM in June 1996. The Group has grown organically and by acquisition - having made 12 acquisitions since 2002.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAEANSDEASAEEA
Date   Source Headline
4th Aug 20228:30 amRNSHolding(s) in Company
2nd Aug 20225:29 pmRNSHolding(s) in Company
2nd Aug 20223:58 pmRNSHolding(s) in Company
2nd Aug 20228:10 amRNSDirector Dealing
29th Jul 202211:31 amRNSResult of GM & Open Offer & Total Voting Rights
27th Jul 20223:00 pmRNSDirectors’ Subscriptions
27th Jul 20227:00 amRNSFinal Results, Analyst Briefing & Investor Pres
20th Jul 20224:56 pmRNSHolding(s) in Company
13th Jul 20224:35 pmRNSPrice Monitoring Extension
13th Jul 20222:06 pmRNSSecond Price Monitoring Extn
13th Jul 20222:00 pmRNSPrice Monitoring Extension
13th Jul 202211:06 amRNSSecond Price Monitoring Extn
13th Jul 202211:01 amRNSPrice Monitoring Extension
13th Jul 20227:00 amRNSResult of Placing, Notice of GM & Circular
12th Jul 20224:35 pmRNSAcquisition, Placing to raise c.£25m & Open Offer
20th Jun 20227:00 amRNSSolid State awarded Transport for London contract
17th May 20227:00 amRNSSolid State Awarded Power Design Appointment
4th May 20227:00 amRNSComponents - innovative pollination contract
21st Apr 20227:00 amRNSTrading Update
10th Feb 20227:00 amRNSTrading Update
3rd Feb 20227:00 amRNS£ Multi-million contract with BAE Systems
27th Jan 20227:00 amRNSInternational $2.1m IoT Components Order
12th Jan 202210:49 amRNSDirector/PDMR Shareholding
7th Dec 20217:00 amRNSInterim Results & Investor Presentation
8th Nov 20217:00 amRNSTransaction in Own Shares
21st Oct 20217:00 amRNSTrading Update, Notice of Results & Investor Pres
8th Sep 20212:10 pmRNSResult of AGM
8th Sep 20217:00 amRNSAGM Statement
9th Aug 20214:40 pmRNSSecond Price Monitoring Extn
9th Aug 20214:35 pmRNSPrice Monitoring Extension
13th Jul 20217:00 amRNSFinal Results & Investor Presentation
14th Jun 20217:00 amRNSNotice of Results, Analyst Call & Investor Pres
17th May 20217:00 amRNSThree Year $4.56m Defence Contract
22nd Apr 20217:00 amRNSTrading Update
14th Apr 20211:58 pmRNSHolding(s) in Company
14th Apr 20211:57 pmRNSHolding(s) in Company
12th Apr 202110:39 amRNSTotal Voting Rights
22nd Mar 20217:00 amRNSDirector/PDMR Dealing
16th Mar 20214:37 pmRNSDirector/PDMR Shareholding
3rd Mar 20217:00 amRNSAcquisition of Int'l Electro-Mechanical Business
1st Mar 20217:00 amRNSAcquisition of Digital Imaging Specialist
22nd Feb 20217:00 amRNSTrading Update
5th Jan 20217:00 amRNSSteatite secures £2.2m transport sector order
8th Dec 20207:00 amRNSInterim Results & Investor Presentation
18th Nov 20207:00 amRNSBoard Changes
10th Nov 20207:00 amRNSInnovate UK funding for zero-emissions powertrain
30th Oct 20207:00 amRNSLTIP Share Option Award
20th Oct 20207:00 amRNSTrading Update, Notice of Results & Investor Pres
13th Oct 20203:34 pmRNSTransaction in Own Shares
9th Oct 20205:20 pmRNSPurchase of own shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.