IQE PLC IQE plc: Gold Tier Supplier Award from BAE Systems
April 19 2023 - 2:00AM
RNS Non-Regulatory
TIDMIQE
IQE PLC
19 April 2023
IQE plc
Reach
Cardiff, UK
19 April 2023
IQE wins Gold Tier Supplier Award from BAE Systems
IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier
of compound semiconductor wafer products and advanced material
solutions to the global semiconductor industry , is pleased to
announce it has received a Gold Tier Supplier Award from BAE
Systems, the global provider of defence, aerospace and security
solutions.
The Gold Tier Supplier Award recognises exceptional performance
and contributions to supply chain success for BAE Systems'
Electronic Systems sector in 2022. BAE Systems' Partner 2 Win
program is designed to achieve operational excellence and eliminate
defects in its supply chain by raising the bar of performance
expectations to meet the demand of current and future customers. As
part of the program, BAE Systems meets regularly with its suppliers
to transfer best practices to ensure that the components and
materials that compose its products meet the highest quality
standards.
It is the third Gold Tier Award that IQE has won, in recognition
of the Company's cutting-edge technology and high levels of
service. IQE is one of only 30 BAE Systems' suppliers to receive
this level of recognition.
Americo Lemos, Chief Executive Officer of IQE, commented:
"We are very proud to have been awarded our third Gold Supplier
Award by BAE Systems. This is a testament to the strength and
durability of our partnership and the importance of the technology
that we provide. The future of innovation will depend on compound
semiconductor products, and we look forward to continued
collaboration and success with BAE Systems, focusing on
technological advancement in the aerospace and security
sector."
Kiran Dubey, Vice President of Supply Chain for BAE Systems'
Electronic Systems sector, commented:
"The contributions of our top suppliers made an invaluable
difference. They enabled us to design, build, and deliver mission
critical products and solutions for our customers around the
globe."
Contacts:
IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Tim Pullen
Amy Barlow
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
Chloe Francklin: +44 (0)78 3497 4624
Marta Parry-Jones: +44 (0) 7884742400
ABOUT IQE
http://iqep.com
IQE is the leading global supplier of advanced compound
semiconductor wafers and materials solutions that enable a diverse
range of applications across:
-- handset devices
-- global telecoms infrastructure
-- connected devices
-- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely
positioned in this market which has high barriers to entry. IQE
supplies the whole market and is agnostic to the winners and losers
at chip and OEM level. By leveraging the Group's intellectual
property portfolio including know-how and patents, it produces
epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with c. 685 employees across
eight manufacturing locations in the UK, US and Taiwan, and is
listed on the AIM Stock Exchange in London.
ABOUT BAE SYSTEMS
https://www.baesystems.com
BAE Systems, Inc. and its 34,000 people are part of a global
defense, aerospace, and security company with 89,600 employees
worldwide. BAE Systems delivers products and services for air,
land, sea and space, as well as advanced electronics, intelligence,
security, and IT solutions and support services. BAE Systems'
dedication shows in everything they design, produce and deliver- to
protect those who protect us in a high-performance, innovative
culture. BAE Systems' pushes the limits of possibility to provide a
critical advantage to customers where it counts.
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