Solid State - Positive start to FY19

At Solid State’s AGM earlier this month, management noted a positive start to FY19 in both divisions. The Manufacturing division is expected to benefit from contracts totalling £4.3m to supply power units for autonomous robots operating in cold climate conditions. The Distribution division has recently announced a $3.2m long-term supply agreement with the UK’s leading international defence, aerospace and security company for military-grade power supplies. These contracts underpin consensus estimates, which remain unchanged.