Announcement
APC Tech Group PLC : APC to distribute 3D PLUS space components in UK
RNS Number : 4523C
APC Technology Group PLC
22 January 2018
22 January 2018
APC Technology Group PLC
("APC" or the "Company")
APC to distribute 3D PLUS space components in UK
APC Technology Group PLC (AIM: APC), the design, specification and distributor of specialist technologies and electronic components, has signed an agreement to become the UK and Ireland distributor for 3D PLUS, a world leading manufacturer of advanced high density 3D microelectronics products for space applications.
3D PLUS, a Heico Company (NYSE: HEI), has an impressive 18 year' heritage within the space sector, achieving preferred supplier status for the European Space Agency and sending more than 125,000 modules into space.
APC's high reliability component division, APC Hi-Rel, has significant experience in designing in components into space programmes including ExoMars, BepiColombo and EarthCARE. The addition of 3D PLUS products enhances APC's range of space-qualified peripheral products such as DC-DC converters, optocouplers, crystal oscillators, capacitors, diodes and connectors - to now include 3D PLUS memory, interface and point of load converter products.
Patrice Benard of 3D Plus, said:
"APC Hi-Rel has a long history of working with organisations within the space, defence and medical sectors, which perfectly compliments our extensive product range. Their technical and engineering expertise, and strong reputation within the industry, will be an asset to designing in 3D PLUS products to bring breakthrough advantages to customers' electronic designs".
Richard Hodgson, CEO of APC Technology Group, commented:
"The combination of our existing space technologies, the premier space products that 3D PLUS bring, our prestigious customers and APC's experienced and knowledgeable team, gives us a great base for expansion in this exciting market.
As we set out in our results presentation, we are concentrating on three main growth drivers: growth through increased bookings from our existing technologies, in particular those that sit in high growth markets; growth through the signing of new complementary product lines; and growth through targeted bolt-on acquisitions. We have just announced our first bolt on acquisition and the signing of 3D PLUS demonstrates real traction in the signing of new technologies."
More information on the 3D PLUS range of space products visit: http://apcplc.com/news-posts/apc-hi-rel-broadens-components-range-space-applications/
Enquiries:
APC Technology Group PLC +44 (0) 330 313 3220
Richard Hodgson, Chief Executive www.apcplc.com
Michael Thompson, Finance Director
Stockdale Securities Limited (Nominated Adviser and Broker) +44 (0)20 7601 6100
Mark Brown / Antonio Bossi / Edward Thomas
This information is provided by RNS
The company news service from the London Stock Exchange
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