New Customer Announcement

Released : 06/03/2017 13:39

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

 

CML Microsystems Plc

Chris Gurry, Group Managing Director
Neil Pritchard, Group Financial Director

 

www.cmlmicroplc.com
Tel: +44 (0)1621 875 500

Cenkos Securities plc

Alex Aylen (Sales)

Max Hartley (Corporate Finance)

 

Tel: +44 (0)20 7397 8900

SP Angel Corporate Finance LLP

Jeff Keating

 

Tel: +44 (0)203 463 2260

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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