Announcement
CML Microsystems PLC : New Customer Announcement
RNS Number : 6400Y
CML Microsystems PLC
06 March 2017
06 March 2017
CML Microsystems Plc
New Customer Announcement
CML Microsystems Plc, ("CML" or "the Group"), which designs, manufactures and markets mixed-signal and Radio Frequency (RF) semiconductors, primarily for global communication and solid state storage markets, is pleased to announce that its wholly owned subsidiary, Hyperstone GmbH, has today announced its first design-win with Micron Technology, Inc., a world leader in innovative memory solutions.
Hyperstone's USB 3.1 Flash Memory controller solution, U9, has been designed into Micron's new eU500 embedded USB module, an embedded solid state storage solution aimed at networking, telecoms and industrial Internet of Things (IoT) markets. The Micron product is being launched at the upcoming Embedded World Show in Nuremberg, Germany, from 14 - 16 March 2017.
Group Managing Director of CML Microsystems Plc, Chris Gurry, stated: "The combination of Hyperstone's latest flash memory controller and Micron's world leading NAND flash memory solution is a formidable one, leveraging the core strengths of each company. Hyperstone's U9 is compatible with current and next generation flash memory technologies whilst offering class-leading performance within demanding industrial application areas."
The full Hyperstone press release can be found at https://www.hyperstone.com
The full Micron press release can be found at http://investors.micron.com/releasedetail.cfm?ReleaseID=1015912
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CML Microsystems Plc Chris Gurry, Group Managing Director
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www.cmlmicroplc.com |
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Cenkos Securities plc Alex Aylen (Sales) Max Hartley (Corporate Finance)
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Tel: +44 (0)20 7397 8900 |
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SP Angel Corporate Finance LLP Jeff Keating
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Tel: +44 (0)203 463 2260 |
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Alma PR Josh Royston Robyn McConnachie |
Tel: +44 (0)7780 901979 Tel: +44 (0)7540 706191 |
About CML Microsystems PLC
CML designs and develops semiconductors for the industrial storage and communications markets. The Group utilises a combination of in-house and outsourced manufacturing and has trading operations in Europe, the Far East and the USA. CML targets niche markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading telecoms equipment providers and industrial product manufacturers.
The spread of its customers and products largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end-markets is being driven by factors such as the ever-increasing trend towards solid state storage devices in the commercial and industrial sectors, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial communications networks for voice and/or data communications linked to the industrial internet of things (IIoT).
The Group is cash-generative, has no borrowings and is dividend paying.
This information is provided by RNS
The company news service from the London Stock Exchange
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