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    -3.00 (-1.48%)
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

Trading Update and Significant Order

16 Mar 2011 07:00

RNS Number : 0189D
Solid State PLC
16 March 2011
 



 

16 March 2011

 

Solid State plc (the "Group")

Trading update & announcement of significant order

 

The Board of Solid State plc (AIM:SSP), the AIM listed supplier of battery products, specialist electronic components and industrial/rugged computers to the electronics market, is pleased to provide a trading update for the year ended 31st March 2011.

 

The strong trading experienced by all of the Group's divisions during the first half of the year, reported in the Interim Results on 23 December 2010, has continued into the second half. Steatite, our battery products and industrial computer division, completed its move into an excellent new building at the start of January, with limited interruption to business, and is already benefitting from the state of the art manufacturing and assembly facility.

 

As a consequence, the Board expects that the performance for the second half of the year will be comparable to that of the first half, ignoring approximately GBP150,000 of exceptional costs incurred during that period in relation to relocation expenses at Steatite, final acquisition costs at Rugged Systems and non-recurring restructuring costs at Solid State Supplies.

 

The Group's open order book continues to be strong and the Board is pleased to report that Steatite has just been awarded a GBP1.2 million order from a leading global defence, security and aerospace company for command and control systems for the defence market. This new order is the first to be received under a new two year agreement and will be shipped during the first half of the financial year to 31 March 2012.

 

We continue to pursue our stated strategy of seeking complementary UK acquisitions within the electronics industry and believe that we are well placed to enhance shareholder value in this manner.

 

For further information please contact:

 

Solid State plc 01892 836 836

Gary Marsh - Chief Executive

 

FoxDavies 020 3463 5010

(Nominated Adviser)

Philip Davies

 

Winningtons 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 75 staff across 3 sites. Solid State operates through three main divisions: Solid State Supplies, Steatite and Rugged Systems.

 

Solid State was established in 1971 and admitted to AIM in June 1996.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUVRKRAAAOAAR
Date   Source Headline
16th Jun 20267:00 amRNSNotice of Results, Analyst Briefing, Investor Pres
13th May 20267:00 amRNSNew Share Option Scheme and Award of Options
8th Apr 20267:00 amRNSTrading Update
26th Mar 20267:00 amRNSCEO Appointment
4th Mar 20269:06 amRNSPDMR Dealings
10th Feb 20267:00 amRNSPDMR Dealings
30th Jan 20265:00 pmRNSTotal Voting Rights
22nd Jan 20263:51 pmRNSHolding(s) in Company
19th Jan 20267:00 amRNSTransaction in Own Shares
9th Jan 20267:00 amRNSTransaction in Own Shares
12th Dec 20257:45 amRNSShare Purchase
1st Dec 20257:01 amRNSInterim Results, Analyst Briefing & Investor Pres
1st Dec 20257:00 amRNSAppointment of Non-Executive Deputy Chairman
20th Nov 20257:00 amRNS-RCustom Power Orders totalling $7.4m across UK & US
13th Nov 20257:59 amRNSBereavement
4th Nov 20257:00 amRNSTrading Update & Notice of Results
3rd Nov 20252:30 pmRNSPDMR & PCA Dealings
30th Oct 20257:00 amRNSInitial US$10.8m UK MoD order for Project CAIN
24th Oct 20254:45 pmRNSHolding(s) in Company
20th Oct 20257:00 amRNSPDMR Dealings
15th Oct 20253:57 pmRNSHolding(s) in Company
29th Sep 20257:00 amRNS-R£1.65M Contract for Integrated Systems Facility
25th Sep 202510:45 amRNSExercise of Options, PDMR Dealings & TVR
11th Sep 202512:51 pmRNSResult of AGM
8th Sep 20257:00 amRNS-RCustom Power & Volklec - UK Defence Collaboration
17th Jul 20257:00 amRNSAnnual Financial Report & Notice of AGM
10th Jul 20256:16 pmRNSTreasury Shares, PDMR Dealings & TVR
8th Jul 20257:00 amRNSFinal Results, Analyst Briefing & Investor Pres
16th May 20257:00 amRNS-RFollow-on US $5.2m IOT contract award
15th May 20253:32 pmRNSDirector/PDMR Shareholding
30th Apr 20257:00 amRNSTrading Update & Notice of Results
11th Mar 20257:00 amRNS$25m Communications Equipment Order
6th Feb 20257:00 amRNSDirector/PDMR Shareholding
17th Dec 20247:00 amRNSTransaction in Own Shares
11th Dec 20247:00 amRNSDirectors' Dealing
10th Dec 20247:00 amRNSInterim Results, Analyst Briefing & Investor Pres
29th Nov 20247:00 amRNSNotice of Results, Analyst Briefing, Investor Pres
15th Nov 20247:00 amRNSTrading Update
8th Nov 20247:00 amRNSLTIP & CSOP Award
6th Nov 20247:00 amRNSTrading Update
4th Nov 20243:26 pmRNSHolding(s) in Company
1st Nov 20247:00 amRNSAcquisition of Q-Par Antennas USA
30th Oct 20244:26 pmRNSDirector/PDMR Shareholding
29th Oct 202412:41 pmRNSDirector/PDMR Shareholding
25th Oct 20245:26 pmRNSDirector/PDMR Shareholding
23rd Oct 20244:57 pmRNSIssue of Equity & Directors' Dealings
9th Oct 20244:19 pmRNSIssue of Equity & PDMR Dealings
2nd Oct 20247:00 amRNSAcquisition
27th Sep 20247:00 amRNSBonus Issue Update & Issue of Equity
12th Sep 202410:25 amRNSResult of AGM

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.