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Solid State secures robotics orders of £4.3m
Computing, power and communication product manufacturer Solid State plc on Monday received £4.3m worth of orders to supply power units for autonomous robots operating in cold climate conditions.
The AIM traded company said it was commissioned to design and supply power units to the end customer's smart warehouses, providing products that will be able to meet the demands of the modern 24/7 fast moving consumer goods fulfilment cycle.
Gary Marsh, chief executive at Solid State, said: "This contract establishes Solid State as a leading innovator in the fast-evolving distribution and fulfilment technology market."
The company aims to provide solutions for the increasing demand for online and home delivery based shopping through the use of autonomous robots that shorten delivery cycles and reduce retail supply chain costs.
The power units are to be supplied by the company's business unit in Crewkerne, Somerset, and deliveries are set to commence in the second half of the current financial year.
"Solid State's in-depth knowledge of battery chemistries and harsh environment characteristics give it a unique position for partnering with customers as an embedded solutions developer. Our intention is to develop a longer term collaboration with this customer," said Marsh.
A support and maintenance clause of the contract ensures that Solid State will continue to receive revenue for the supply of replacement cells in subsequent years.
As of 0846 BST, Solid State plc's shares were down 2.01% at 292.00p.