Sondrel (Holdings) plc US Sales Team Expansion
November 03 2022 - 3:00AM
RNS Non-Regulatory
TIDMSND
Sondrel (Holdings) plc
03 November 2022
3 November 2022
Sondrel (Holdings) plc
("Sondrel", the "Company" and together with its subsidiaries the
"Group")
US Sales Team Expansion
Sondrel (Holdings) plc (AIM: SND), the fabless semiconductor
business providing turnkey services in the design and delivery of
'application specific integrated circuits' ("ASICs") and 'system on
chips' ("SoCs") for leading global technology brands, is pleased to
announce the appointment of Thomas Flynn as VP of Sales in North
America.
Thomas brings significant US industry experience and extensive
relationships to the Group, having spent three decades working in
the Silicon Valley semiconductor industry, including in senior
management positions. Prior to joining Sondrel, Thomas was
previously VP of Sales at several leading companies in the Valley,
most recently, VP of Sales at Oski Technologies, where he supported
significant revenue and profit growth.
The appointment of Thomas Flynn will enable the Group to build
on its existing success in the USA with customers working in
several technology megatrend sectors - consistent with the strategy
set out at the Company's recent IPO on AIM in October 2022 where
Sondrel confirmed the net proceeds of the placing would be used,
amongst other things, to accelerate sales in the USA and in other
geographies.
Graham Curren, CEO of Sondrel, said:
"We are delighted to welcome Thomas to the team and believe he
will be a fantastic addition in delivering our IPO plans to rapidly
scale the Company, with US expansion playing an important part in
that growth strategy. The Group's complete turnkey service from
design to shipping of ultra-complex ASICs is exactly what customers
need to remain competitive and Thomas brings with him the perfect
experience to leverage the strength of our leading technology
solutions."
Thomas Flynn, VP of Sales in North America, commented:
" Now that the USA's CHIPS act is law, American companies are
actively working on new supply chain models. A key part of this is
the design of the ultra-complex chips that high technology
companies need to maintain their leadership position with
innovative products. There are only a handful of companies able to
design these on the leading-edge, 5nm and 3nm processes required to
pack in the billions of transistors per chip and several of them
face restrictions as they are based in China. Sondrel, on the other
hand, is a Western-based supplier making us perfectly suited for
business in North America and I look forward to helping further
extend US sales using this advantage."
Ends
FOR FURTHER ENQUIRIES:
Sondrel (Holdings) plc Via Buchanan
Graham Curren, CEO Tel: +44 (0) 20 7466
5000
Joe Lopez, CFO
Cenkos Securities plc Tel: +44 (0)20 7397
8900
Ben Jeynes / Katy Birkin / George Lawson
- Corporate Finance
Alex Pollen / Michael Johnson - Sales
Buchanan Communications Tel: +44 (0) 20 7466
5000
Chris Lane sondrel@buchanan.uk.com
Stephanie Whitmore
Jack Devoy
Abby Gilchrist
About Sondrel
Sondrel is a UK-based fabless semiconductor company specialising
in high end, complex digital Application Specific Integrated
Circuits (ASICs) and System on Chips (SOCs). It provides a full
turnkey service in the design, prototyping, testing, packaging and
production of ASICs and SoCs.
The Company is one of only a few companies capable of designing
and supplying the higher-spec chips built on the most advanced
semiconductor technologies, selling into a range of hyper growth
end markets such as high-performance computing, automotive,
artificial intelligence, VR/AR, video analytics, image processing,
mobile networking and data centres. Sondrel designs have enabled
products by leading technology brands including Apple (iPhone),
Sony (PlayStation), Meta's (Oculus), Samsung, Google and Sony
smartphones, JVC (prosumer camcorders), Tesla and Mercedes-Benz
cars.
Sondrel is well-established, with a 20-year track record of
successful delivery, supported by long standing ecosystem
partnerships including Arm, TSMC and Samsung. Headquartered in the
UK, Sondrel has a global presence with offices in UK, USA, China,
India and Morocco.
For more information please visit: www.ir.sondrel.com .
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