Last checked at 6 Feb 2012 07:00
6 February 2012
Solid State plc
("Solid State" or the "Company")
Trading Update
The Board of Solid State plc (AIM:SSP), the AIM listed supplier of battery power solutions, specialist electronic components and industrial/ruggedised computers to the electronics market, is pleased to announce that trading in the year ending 31 March 2012 has continued to be very satisfactory and the result for the year is now expected to be ahead of current market expectations. While revenues have been broadly as expected, the sales mix has shifted in the second half in favour of higher margin product.
In addition, the Board is pleased to report that the integration of Blazepoint is proceeding smoothly and is expected to be making a positive contribution by the year end. Furthermore, the order book for the Group remains strong and the level of enquiries encouraging.
Finally the Board announces that Tony Frere, a non-executive director, has been appointed to the role of deputy chairman with immediate effect.
For further information please contact:
Solid State plc
Gary Marsh - Chief Executive 01892 839 313
investor.information@sssplc.com
WH Ireland 0117 945 3470
(Nominated Adviser)
Mike Coe/Marc Davies
Winningtons
(Financial PR) 020 3176 4722
Tom Cooper/Paul Vann 0797 122 1972
tom.cooper@winningtons.co.uk
Notes to Editors:
Solid State plc (SSP) is a leading value added group of companies providing specialist distribution, design-in and manufacturing services to those acquiring batteries, electronic components and industrial/rugged computing products 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 Paddock Wood in Kent, Solid State employs over 100 staff across four sites. Solid State operates through three main divisions: Solid State Supplies, Steatite and Steatite Blazepoint.
Solid State was established in 1971 and admitted to AIM in June 1996.