IQE appoints Russ Wagner as VP of Global Projects

12 April 2012

Cardiff, UK, 12 April 2012: IQE plc (AIM: IQE, “IQE” or the “Group”), a leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, announced that it has appointed Russ Wagner as Vice President, Global Projects. Wagner’s initial responsibility will be to drive the recently announced strategic agreement with Solar Junction Corporation (SJC) in support of IQE’s strategy to become a leading global supplier of CPV wafers for solar power markets, which will include the transfer of CPV technology, establishment of wafer manufacturing capability, and subsequent ramp into high volume production, working closely with various teams around the globe.
Mr. Wagner brings twenty years of valuable semiconductor industry experience to the position, most recently as Vice President of Operations at Anadigics, Inc. His previous positions include General Manager of Fairchild Semiconductor's RF Power Group, VP Business & Strategic Development at Raytheon RF Components, and VP Finance & Corporate Development of Litton Systems Inc.'s Airtron Division. All of which included responsibility for strategic and tactical management of world-wide operations, partnerships, and corporate growth initiatives.
Dr Drew Nelson, IQE’s Chief Executive, comments: "
Russ brings extensive industry experience and demonstrated success at creating value-generating partnerships to our team. I am confident that under his leadership IQE and SJC will achieve the goals we have set for our strategic relationship."
Wagner achieved his B.S. degree from the University of Dayton and has pursued post graduate work on the Litton Executive Education program at the Wharton School, University of Pennsylvania and the Raytheon Business Leadership program at the University of Chicago’s Graduate Business School.

12 Apr 2012

CONTACTS: IQE plc (+44 29 2083 9400, email Press/investors: Chris Meadows Drew Nelson

Note to Editors
IQE is the leading global supplier of advanced semiconductor wafers with products that cover a diverse range of applications, supported by an innovative outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers.
IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply bespoke semiconductor wafers ('epi-wafers') to the major chip manufacturing companies, who then use these wafers to make the chips which form the key components of virtually all high technology systems. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms.
IQE's products are found in many leading-edge consumer, communication, computing and industrial applications, including a complete range of wafer products for the wireless industry, such as mobile handsets and wireless infrastructure, Wi-Fi, WiMAX, base stations, GPS, and satellite communications; optical communications. The Group also manufactures advanced optoelectronic and photonic components such as semiconductor lasers, vertical cavity surface emitting lasers (VCSELs) and optical sensors for a wide range of applications including optical storage (CD, DVD, BluRay), thermal imaging, leading-edge medical products, pico-projection, finger navigation ultra high brightness LEDs, and high efficiency concentrator photovoltaic (CPV) solar cells.
The manufacturers of these chips are increasingly seeking to outsource wafer production to specialist foundries such as IQE in order to reduce overall wafer costs and accelerate time to market.
IQE also provides bespoke R&D services to deliver customised materials for specific applications and offers specialist technical staff to manufacture to specification either at its own facilities or on the customer's own sites. The Group is also able to leverage its global purchasing volumes to reduce the cost of raw materials. In this way, IQE's outsourced services, provide compelling benefits in terms of flexibility and predictability of cost, thereby significantly reducing operating risk.
IQE operates eight facilities located in Cardiff (two), Milton Keynes and Bath in the UK; in Bethlehem, Pennsylvania, Somerset, New Jersey and Spokane, Washington in the USA; and Singapore. The Group also has 11 sales offices located in major economic centres worldwide.