Business
IQE plc: IQE secures Infrared customer commitments
IQE plc: IQE secures Infrared customer commitments.
About this update from Iqe Plc
[{"type":"text","content":"\n\nIQE plc\n \n \nCardiff, UK\n24 March 2025\n \nIQE secures $5.8m Infrared customer commitments\nIQE plc (AIM: IQE, \"IQE\" or the \"Group\"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, is pleased to announce that it has secured $5.8m in purchase orders for the provision of epitaxial wafers and base substrates from two long-standing Infrared (\"IR\") sensing customers.\nThe orders will enable a wide range of IR detector technologies and key sensing applications across the industrial, aerospace and security sectors. These commitments are the largest purchase orders to date that IQE has received from these two customers and underscore strong growth within the IR sensing market. They include:\n· A three-year long-term agreement which includes a first-year binding purchase order commitment of $1.7m for gallium antimonide (GaSb) epitaxial wafers, and research and development.\n· A $4.1m purchase order from an existing customer for the delivery of antimonide substrates into 2026.\nThese new commitments underpin confidence in management's 2025 financial plans.\nJutta Meier, Interim CEO and Chief Financial Officer of IQE, commented:\n\"These commitments underscore a growing demand for advanced infrared technologies and the strength of IQE's IR product portfolio. As a pioneer in antimonide materials technology, IQE continues to drive innovation supported by long-term customer relationships, developing high-performance platforms that are expanding into mass market applications.\"\n \n \nContacts:\n \nIQE plc\n+44 (0) 29 2083 9400\nMark Cubitt\nJutta Meier\nAmy Barlow\n \nPeel Hunt (Nomad and Joint Broker)\n+44 (0) 20 7418 8900\nBen Cryer\nKate Bannatyne\nAdam Telling\n \nDeutsche Numis (Joint Broker)\n+44 (0) 20 7260 1000\nSimon Willis\nHugo Rubinstein\nIqra Amin\n \nHeadland Consultancy (Financial PR) + 44 (0) 20 38054822\nAndy Rivett-Carnac: +44 (0) 7968 997 365\nChloe Francklin: +44 (0)78 3497 4624\n \nABOUT IQE\nhttp://iqep.com\n \nIQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse rang...