Follow-on US $5.2m IOT contract award
Follow-on $5.2m IOT contract award from US customer for smart vending machine solutions.
- Contract value $5.2m
- Initial supply May 2024
- Delivery period Q2 FY25/26 to Q3 FY26/27
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Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces a follow-on order from a US customer for an IOT technology product, first supplied in May of 2024. The order will be delivered by the Group's Components division, Solsta.
The customer solution, creates smart vending machines by enabling smart billing and intelligent inventory control and management through the combination of an industrial router and cloud-based services. The technology combines hardware and software applications in a value-added industrial application, leveraging off the international capabilities of the Group by exporting its UK expertise into the US market.
Delivery of the contract will commence In Q2FY25/26 and is expected to extend through until Q3 of FY26/27.
Commenting on the contract award, Jon Baxter, Executive Director Sales & Operations EMEA at Solsta, said:
"This follow-on contract highlights the benefits of our combined specialist hardware and software capabilities alongside our international footprint and is an excellent illustration of what Solsta does so well.
"We see this as a strong validation of our offering and hope to build further on the relationship we've established."
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