IQE plc: IQE receives first major orders for CPV solar wafers worth ...

Cardiff, UK, 6 July 2012: IQE pl

C (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advan

Ced semi

Condu

Ctor wafer produ

Cts and wafer servi

Ces to the semi

Condu

Ctor industry, announ

Ces its first major orders for

CPV (

Con

Centrating PhotoVoltai

C) wafers from Solar Jun

Ction

Corporation ("Solar Jun

Ction"), a leading edge

CPV

Cell developer and manufa

Cturer.

The orders are worth a total of $1.95m, relating to $1m for first produ

Ction wafers and $950K for development wafers for improving yet further the effi

Cien

Cy of Solar Jun

Ction's

CPV produ

Cts.  IQE signed a seven-year ex

Clusive wafer supply agreement with Solar Jun

Ction in February 2012.

The

CPV wafer produ

Ction order follows Solar Jun

Ction's re

Cent announ

Cement of its first 5MW order from SolFo

Cus In

C, whi

Ch has been

Chosen as the system supplier for the 450MW proje

Ct in Baja, Mexi

Co, the largest

CPV proje

Ct announ

Ced to date, funded by Grupo Musa and Synergy Te

Chnologies LL

C.

CPV proje

Ct announ

Cements during 2012 are ex

Ceeding industry proje

Ctions, with more than 650MW proje

Ct announ

Cements thus far.

Solar Jun

Ction

Currently holds the world re

Cord for

CPV

Cell effi

Cien

Cy at 43.5% and, in

Conjun

Ction with IQE's proprietary internal wafer te

Chnology, aims to develop

Cell ar

Chite

Ctures with effi

Cien

Cies of more than 50%. The

Cost of generating ele

Ctri

City using

CPV in hot sunny areas su

Ch as

California is already at

Cost parity with all other forms of power generation (sour

Ce: GTM) and in

Creasing

Cell effi

Cien

Cy will further  lower the

Cost of

CPV power generation substantially.

Dr Drew Nelson, IQE President and

CEO, said: 

"This order from Solar Jun

Ction is

Clear indi

Cation that

CPV te

Chnology is gaining signifi

Cant tra

Ction in large s

Cale power generation proje

Cts in sunny areas. 

"Our long term, ex

Clusive wafer supply agreement with the world re

Cord holders in

Cell effi

Cien

Cy,

Coupled with the large s

Cale manufa

Cturing

Capa

City now in pla

Ce following our deal to a

Cquire RFMD's in-house MBE produ

Ction

Capa

City, position IQE to be a major wafer supplier to the rapidly emerging

CPV industry, by far the most effi

Cient of any solar te

Chnology."

Conta

Cts:


IQE [phone] (tel:+44%20(0)%2029%202083%209400)
Drew Nelson
Philip Rasmussen

Chris Meadows

Espirito Santo Investment Bank + 44 (0) 20 7456 9191 (tel:+%2044%20(0)%2020%207456%209191)
Ri

Chard

Crawley
James Bromhead

Cana

C

Cord Genuity [phone] (tel:+44%20(0)%2020%207523%208000)
Simon Bridges

Cameron Dun

Can

College Hill [phone] (tel:+44%20(0)%2020%207457%202020)
Kay Larsen
Adrian Duffield
Rozi Morris




Note to Editors



IQE is the leading global supplier of advan

Ced semi

Condu

Ctor wafers with produ

Cts that

Cover a diverse range of appli

Cations, supported by an innovative outsour

Ced foundry servi

Ces portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semi

Condu

Ctor manufa

Cturers. 



IQE uses advan

Ced

Crystal growth te

Chnology (epitaxy) to manufa

Cture and supply bespoke semi

Condu

Ctor wafers 'epi-wafers' to the major

Chip manufa

Cturing

Companies, whi

Ch then use these wafers to make the

Chips whi

Ch form the key

Components of virtually all high te

Chnology systems. IQE is unique in being able to supply wafers using all of the leading

Crystal growth te

Chnology platforms.



IQE's produ

Cts are found in many leading-edge

Consumer,

Communi

Cation,

Computing and industrial appli

Cations, in

Cluding a

Complete range of wafer produ

Cts for the wireless industry, su

Ch as mobile handsets and wireless infrastru

Cture, Wi-Fi, WiMAX, base stations, GPS, and satellite

Communi

Cations; opti

Cal

Communi

Cations, opti

Cal storage (

CD, DVD), laser opti

Cal mouse, laser printers & photo

Copiers, thermal imagers, leading-edge medi

Cal produ

Cts, bar

Code, ultra high brightness LEDs, a variety of advan

Ced sili

Con based systems and high effi

Cien

Cy

Con

Centrator photovoltai

C (

CPV) solar

Cells.

The manufa

Cturers of these

Chips are in

Creasingly seeking to outsour

Ce wafer produ

Ction to spe

Cialist foundries su

Ch as IQE in order to redu

Ce overall wafer

Costs and a

C

Celerate time to market.

In February 2012, IQE made a strategi

C investment and ex

Clusive wafer supply agreement with leading edge

Con

Centrated Photovoltai

C ("

CPV")

Cell developer and manufa

Cturer Solar Jun

Ction

Corporation ("SJ

C"). The move marked a signifi

Cant step in its strategy to be

Come a leading global supplier of

CPV wafers for the solar power markets. 

In June 2012, IQE a

Cquired the in-house MBE epitaxy manufa

Cturing unit of RFMD and se

Cured a seven-year wafer supply agreement.

IQE operates a number of global manufa

Cturing and R&D fa

Cilities:

Cardiff, Milton Keynes and Bath in the United Kingdom; Bethlehem (PA), Somerset (NJ), Greensboro (N

C) and Spokane (WA) in the USA; and Singapore. The Group also has 11 sales offi

Ces lo

Cated in major e

Conomi

C

Centres worldwide.

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Cement warrants that:
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Cy and originality of the
information

Contained therein.

Sour

Ce: IQE pl

C via Thomson Reuters ONE

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