Solid State PLC Innovate UK funding for zero-emissions powertrain
10 Novembro 2020 - 4:00AM
RNS Non-Regulatory
TIDMSOLI
Solid State PLC
10 November 2020
RNS Reach - this is a non-regulatory announcement
10 November 2020
Solid State plc
("Solid State", the "Group" or the "Company")
Steatite secures Innovate UK funding to develop a
zero-emission powertrain solution for non-road mobile
machinery
Solid State plc (AIM: SOLI), the AIM listed manufacturer of
computing, power and communications products, and value added
supplier of electronic and opto-electronic components, is pleased
to announce that its Manufacturing division, Steatite, has secured
funding from Innovate UK, the UK's innovation agency, for the
development of its battery powertrain solution for non-road mobile
machinery under its Sustainable Innovation Fund initiative. The aim
of the research and development projects under the fund is to help
all sectors of the UK economy build back better over the next two
years after the effects of COVID-19.
The Company's Power business unit will develop a modular battery
pack with a tailored battery management system which will be
combined with a British sourced bespoke electric motor, providing a
scalable, modular, zero emission powertrain solution. This
powertrain will initially be installed in a woodchipper
manufactured by GreenMech Ltd, Europe's leading woodchipper
manufacturer, with the aim to be the first UK manufactured zero
emission industrial woodchipper. The initial development process is
expected to take 3 months.
In the longer term, the 100% UK designed and manufactured
off-the-shelf powertrain using scalable modular batteries will be
available for a multitude of light industrial plant equipment
applications.
Matthew Richards, Steatite's Managing Director, commented:
"With the UK government's commitment to achieving a net zero
carbon emission economy by 2050, many highly polluting sectors are
now falling under the spotlight, such as small plant equipment.
"The move from fossil fuels to electric battery power will
render these machines carbon neutral, aiding the reduction in
pollution, particularly within the urban environment where many of
these machines are operated.
"Steatite is once again driving world-class British innovation
and playing its part in the net zero goal. The Innovate UK
involvement has enabled us to accelerate our research and
development in this sector supporting British jobs."
Innovate UK Executive Chair, Dr Ian Campbell, added:
"In these difficult times we have seen the best of British
business innovation. The pandemic is not just a health emergency
but one that impacts society and the economy.
"Steatite's zero-emission powertrain solution for non-road
mobile machinery project, along with every initiative Innovate UK
has supported through this fund, is an important step forward in
driving sustainable economic development. Each one is also helping
to realise the ambitions of hard-working people."
For further information please contact:
Solid State plc Via Walbrook PR
Gary Marsh - Chief Executive investor.information@solidstateplc.com
Peter James - Group Finance Director
Walbrook PR (Financial PR) 020 7933 8780
Tom Cooper / Paul Vann 0797 122 1972
solidstate@walbrookpr.com
Analyst Research Reports: For further analyst information and
research see the Solid State plc website:
https://solidstateplc.com/research/
Notes to Editors:
Solid State plc (SOLI) is a value added electronics group
supplying industrial and military markets with ruggedised/durable
components, assemblies and manufactured units for use in harsh
environments. The Group's mantra is - 'Trusted technology for
demanding applications'. To see an introductory video on the Group
- https://youtu.be/bp4WfLCEc5Y
Operating through two main divisions: Manufacturing (Steatite)
and Value Added Supplies (Solid State Supplies & Pacer); the
Group specialises in complex engineering challenges often requiring
design-in support and component sourcing for computing, power,
communications, electronic and optoelectronic products.
Headquartered in Redditch, Solid State employs over 200 staff
across the UK with a branch office in the USA, serving specialist
markets in oil & gas production, transportation, medical,
construction, security, military and field maintenance.
Solid State was established in 1971 and admitted to AIM in June
1996. The Group has grown organically and by acquisition - having
made 10 acquisitions since 2002.
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