Trading Update

RNS Number : 4121W

Solid State PLC

27 April 2016

 

27 April 2016

Solid State plc

("Solid State" or the "Group")

Trading Update

Solid State plc (AIM: SOLI), the AIM listed supplier of specialist industrial/ruggedised computers, electronic components, secure communications systems and battery power solutions to the electronics market, announces the following update on trading.

The Board is pleased to announce that trading results in respect of the year ended 31 March 2016 at the Group's core businesses are expected to be in line with market expectations. The overall final result for the year will be dependent on the completion of negotiations in relation to the settlement of the terminated contract with the Ministry of Justice ("MOJ"). These negotiations are now at an advanced stage.

The Group has entered its new financial year with healthy order books. As at 31 March 2016, on a like-for-like basis, the Group order backlog was £13.94 million (2015: £14.41m) and including Ginsbury, which was acquired during the year, stood at £15.34 million.

The results for the year ended 31 March 2016 are expected to be announced on 5 July 2016.

Investor site visits -

Solid State organises investor site visits to its head office and principal operations site in Redditch, Worcestershire.  Interested parties should contact Tom Cooper at Walbrook PR.

For further information please contact:

Solid State plc	01527 830 630
Gary Marsh - Chief Executive	[e-mail]
WH Ireland (Nominated Adviser)	0117 945 3470
Mike Coe / Ed Allsopp
Walbrook PR (Financial PR)	020 7933 8780
Tom Cooper / Paul Vann	0797 122 1972
	[e-mail]

Notes to Editors:

Solid State plc (SOLI) is a leading value added group of companies providing specialist design-in and manufacturing services to those acquiring industrial/rugged computing products, battery power solutions, secure communications systems and electronic components 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 Redditch, Solid State employs over 150 staff across four sites.  Solid State operates through two main divisions: Solid State Supplies and Steatite.

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

 

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