IQE secures Infrared customer commitments

IQE 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.

The 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:

• 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.
• A $4.1m purchase order from an existing customer for the delivery of antimonide substrates into 2026.

These new commitments underpin confidence in management's 2025 financial plans.

Jutta Meier, Interim CEO and Chief Financial Officer of IQE, commented:

"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."

• Smart Connected Devices
• Communications Infrastructure
• Automotive and Industrial
• Aerospace and Security