SOLID STATE PLC — Board/Management Information 2016

Apr 12, 2016

National Storage Mechanism | Additional information

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RNS Number : 7577U

Solid State PLC

12 April 2016

12 April 2016

Solid State plc

("Solid State" or the "Company")

Directorate Changes

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, is pleased to announce the appointment of Matthew Thomas Richards with effect from 18 April 2016 as an executive director of the Company and Managing Director of Steatite Limited, one of the Company's 100% owned subsidiaries.

Mr Richards, aged 52, has considerable senior management experience in both private and public companies, most recently as Senior VP and Managing Director at API Technologies Corp (Nasdaq: ATNY), Managing Director for Secure Systems & Technologies Limited and as Business Unit Director at Vislink plc (AIM:VLK) for the defence and security sectors.

John Lavery, the current Managing Director of Steatite Limited, will remain as an executive director of the Company until 31 July 2016 at which time he will take up a non-executive role.

Gary Marsh, CEO, commented: "After an extensive search we are delighted to have secured the services of Matthew, who we have known and admired for a number of years, as the new Managing Director of Steatite. We consider his knowledge and experience, particularly in export markets will be valuable in the continued development of Steatite and the Group.

"I would also like to pay tribute to John Lavery for the key role he has played in the development and success of Steatite over 33 years and the Group as a whole over the last 14 years. John has made it clear for some time that due to family circumstances he would like to relinquish his responsibilities at Steatite this year.

"Given his extensive technical and product knowledge the Board believes John still has a valuable role to play in the future of the Group, particularly in relation to acquisitions, and we are delighted therefore that we will be able to retain access to this expertise in his new non-executive role."

The following details in relation to the appointment of Mr Richards are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships

Past directorships held within the last five years

None

API Microelectronics Limited
API Microwave Limited
API Technologies (UK) Limited
Cryptek Holdco UK Limited
RF2M Limited
Secure Systems & Technologies Limited

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.

For further information please contact:

Solid State plc	01527 830 630
Gary Marsh - Chief Executive	investor.information@solidstateplc.com
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
	tom.cooper@walbrookpr.com

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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