29 June 2010
Cardiff, UK, 29 June 2010. IQE (“IQE” or “Group” or “the Company”), the leading supplier of advanced semiconductor wafer services for the Wireless, Optoelectronic, Solar, and Solid-State Lighting industries is pleased to announce the appointment of Adrian Meldrum to the board of IQE as Business Development Director. Adrian Meldrum, 40, will have specific responsibility for developing IQE’s growing position in opto electronic products. These include the rapidly expanding consumer optoelectronic product lines, third generation Concentrator Photo Voltaics (CPV) and penetration of the Solid State Lighting (SSL) market through IQE’s recently acquired NanoGaN subsidiary.
Adrian joined IQE in October 2009, and has over 15 years experience in the optoelectronics market sector having held a range of technical and commercial roles with JDSU and more recently, business development and sales & marketing roles at Bookham (now Oclaro) where he was Executive Vice President and General Manager of the Telecom Division until joining IQE.
The appointment complements and further strengthens the Group’s Board, and brings a high level of opto electronic business experience to IQE.
IQE’s comprehensive portfolio of products includes III-V PHEMT, HBT, and BiFET epi-wafers for the wireless industry, as well as wafers for Lasers, detectors, VCSELs, Ultra High Brightness LEDs and multi-junction photovoltaic solar cells for CPV applications. IQE’s products are grown by MBE, MOCVD and CVD at IQE’s seven manufacturing sites in the US, UK, and Singapore.
Adrian Gilmour Meldrum holds no further current and previous directorships and partnerships over the past five years.
Save for the information disclosed above there is no other information falling to be disclosed under schedule 2 paragraph (g) of the AIM Rules.
IQE plc (+44 29 2083 9400) Drew Nelson Phil Rasmussen Chris Meadows
Execution Noble & Company Limited (+44 20 7456 9191) John Llewellyn-Lloyd Sam Reynolds
College Hill (+44 20 7457 2020) Adrian Duffield Carl Franklin
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, optical storage (CD, DVD), laser optical mouse, laser printers & photocopiers, thermal imagers, leading-edge medical products, barcode, ultra high brightness LEDs, a variety of advanced silicon based systems 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 six manufacturing facilities located in Cardiff (two) and Milton Keynes in the UK; in Bethlehem, Pennsylvania and Somerset, New Jersey in the USA; and Singapore. The Group also has 11 sales offices located in major economic centres worldwide.